I am expecting a pop in either direction, if it does pop down I don't think it will stay that way for long. You can check out the full case study on my website.
Another free monthly case study on DJX, support at 178 and the target is 181. You are welcome to check out my site for more details on this case study.
I'm not one for conspiracy theories but I do always keep an open mind. If one doesn't, you become no different to the next person. Knowledge is power and that's all that matters. The general public will never know 'the plan'. Have spent hours analyzing this one. Like if you like. Hope you enjoy my chart.
In 1h chart, SPY is showing some negative divergence here. Price is higher and higher, but momentum is getting lower. Another indicator shows us that SPY is at a super overbought area even though its bullish, a pullback should be necessary. 206-206.50 might be a great target for now.
Not sure what this means or if its a sign of things to come but the AUDJPY which have historically been highly correlated are now dramatically diverging. I would say this is a bearish sign as typically drops in the aud/jpy represented a risk off atmosphere.
This is a follow up from 2 months ago when I suggested there would be one final up move in the Dow which started right after that. At that time I thought the likely stopping point of the rally would be the solid top black line which has now been reached. If we get a clear reversal pattern now I think we will be starting a major bear market. Of course it the...
The Dow Jones Transports index is considered a good indicator of what the next move will be affecting the wider market. The reason for this is because transports are a good indication of economic health. Lower patronage and goods moving means lower economic activity. A few notes about the chart. The orange line is the DJ30. 1. Looking at the first green flag in...
Another possible short term movement to the upside with the DOWI, support is at 174 and my target is 178.
$DJIA lot is similar btwn curr price action & 2008 counter rally
$DJIA to build short @ curr resis & time channel reaching nxt week
I think its possible for a movement to the upside in the short term, I have multiple indicators suggesting so. Support level at 169 and my target is 172.
Right now, spy seems like on its wave 4th. The weekly trend line has not been broken yet. A good signal is SPY across the 100 EMA and stands right at the 200 EMA. However, charts usually jumps up and down between average lines before they waterfall. Another weak signal shows us that MACD is now functioning below 0 line. To me, I don't expect SPY go any higher...
Six months ago I published this chart thinking we were likely at THE top. The Dow Industrials have gone down since. Now I favor there likely soon will be one more pop up in stocks. I've noticed that the recent price action in many of the indices appears to be an expanding triangle pattern which is usually a sideways consolidation before the major trend resumes. ...
This is an SPX Chart that outlines historical trends and explain what could happen if SPX is consistent in its behavior during a crisis. To be able to predict the future one has to study the past. During the 2000 Internet Bubble & 2007 Financial Crisis S&P 500 shed about 50% of it's Value (in both crisis). And it fell to same support line which is between...
This wave (4) downside is expected. It is expected to be completed at 14545. Overall, it is in extremely bearish trend. Jimmy, the full time trader, Candle Sticks specialist, Elliott Wave Counts specialist.
I'm short in the US30. I have been watching the order flow and there is still a large amount of bears hitting it at key levels. Bearish channel. MACD looks like it wants to slump over and diverge. 1st target will be .618 fib level. 2nd .764 fib level 3rd around 15200.
I have been following this megaphone setup. It is almost identical to the GFC top reversal.