The Dow Jones Industrial Average has the September high in focus after a Bullish Engulfing candlestick pierced prompted prices to pierce above trendline resistance. An advancing RSI suggests healthy momentum, putting a bullish lean on upcoming price action.
The S&P500 price breaks the Resistance Line & Retested 🧐 the old Resistance Line becomes new support line 🔥 so, i predict a bullish move 🚀 TARGET: 3790.86 🎯 ... if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
My outlook for the stock markets this year is bearish and, in fact, I have expected a fall for around 6 months now. Although it didn't happen, YET, let's try to see the bigger picture and understand what's happening. For the past 9 months, Dow30 was trading in a range. You may argue that we have higher highs in place, but this, in my opinion, is window dressing....
US30USD YM1! DOW 2022 OCT 17 Support at 28886 long was fruitful. Market is in rotation of 1800pts. Next target should be toward bottom of rotation range 28635. Possible scenarios: 1) Rotation play = trades to be taken at boundary of range. 2) Signs of breakout = look for higher lows / market loitering near -> breakout of zone, --> test and accept of breakout =...
the dow 30 price breaks the daily support level ,the old support becomes new resistance level ✔ the last Lower Low is broken 🔥 so, i predict a bearish move 📉 TARGET: 26628 🎯 if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
US30USD YM1! DOW 2022 OCT 03 Dow Scenario2 breakdown yielded 700pts for last week. congrats to those who shorted. Possible scenarios: 1) Short on rejection of trendline // 29639 // 28886 2) Prepare to long if round bottom is observed and market retraces during an upward move and finds support. 3) Market rotates, then find trades at edge of rotation...
DOW30 - Intraday - We look to Sell at 29608 (stop at 29955) The primary trend remains bearish. We are assessed to be in a corrective mode higher. Bespoke resistance is located at 29700. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 28828 and 28600 Resistance: 29700 / 31100 /...
Trade Idea: Selling US30 Reasoning: Selling the weakest of the US indices Entry Level: 29352 Take Profit Level: 28585 Stop Loss: 29675 Risk/Reward: 2.37:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis...
DOW30 - 24h expiry - We look to Sell at 29575 (stop at 29986) The primary trend remains bearish. We are assessed to be in a corrective mode higher. Prices expected to stall near trend line resistance. Preferred trade is to sell into rallies. Our profit targets will be 28614 and 28400 Resistance: 29660 / 32700 / 36800 Support: 28600 / 26000 / 24000 Risk...
Here are the supports and resistances based off order blocks and volume on the way down. It has to bounce now, and even if it does I’m thinking to 376 or 370, then right back down. Earnings compression and Qt will keep going on, and the fed has to have fed funds rate ahead of inflation. It’s looking more and more likely we’re going to have a serious recession...
Before we begin, to substantiate what I'm about to say, I would suggest everyone blow 8 minutes watching this video . Professional bull riders attempted to ride Asteroid 76 times. Asteroid bucked off and stomped professional bull riders 71 times. You should know professional bull riders aren't some Cletus-style hicks. These are professional athletes in very,...
US30USD YM1! DOW 2022 SEP 19 Week After trapping longs, market declined aggressively. Temporary demand on average volume has returned, which could be a way of absorbing any long positions still present in the market. Possible scenarios: 1) Long if 30406 / 30636 is supported 2) Short on rejection of 31385 / 31042 / trend channel rejection Price reaction...
After observing recent price action in addition to the sentiment in trading communities and Twitter, I've been doing some hard thinking about the notion that we are now in a bear market. All the fundamentals say that there's such and such skyrocketing debt, food crisis, inflation, energy crisis, Europe crisis, currency crisis. And all of these fundamentals are...
The Dow Jones Index (DJI) closed yesterday above its 1D MA50 (blue trend-line) as it is extending the rebound we called on our previous analysis: As you see, that rebound came exactly on the Higher Lows trend-line that started on the June 17 Low and was the second (July 14 the first) time it held, making it the short-term Support. What Dow achieved with that...
Hello my friends, Everything is clear on the chart for you like always. There is a temporary upward trend so in pullback we can enter the buy position. Monitor the price's action in the circles. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me
US30USD YM1! DOW 2022 SEP 12 Week Last week's Scenario1 long on support of dotted trend line was good. Caution: long trap observed, do not chase long. Possible scenarios: 1) Long if 31450 / 31864-32029 is supported 2) Short on rejection of solid trend line / 32546 3) if triangle formation observed there may be short opportunity Price reaction levels Short...
The more I observe price action and the more I analyze charts, the more I feel that although the markets are absolutely primed for a major and inevitable correction towards the pre-COVID highs, which for Nasdaq and SPX are far under the June lows, we're on the cusp of a preceding bear lynching. In my recent SPX call, I had forecasted a trip to the 3,8xx range...
The Dow Jones Index (DJI) is on its 7th straight day below the 1D MA50 (blue trend-line) having fallen almost -10% since its August 16 High caused by the strong rejection on the 1D MA300 (yellow trend-line). The price has hit today the Higher Lows trend-line that started on the June 17 Low and had one more contact on July 14. This is the only Support level that...