This short-term analysis of the Dow Jones Index-market shows a correction seems highly likely. This means a short term selling opportunity and see how it fits within the recent long term analysis: "Dow Jones Industrial Index Rising Wedge 2022-scenario".
In the previous days and weeks the DJIA has recovered to new all time highs after suffering several months of little to no growth.
However, this is not the first time this happened. In late September and early October 2018 the Dow finally passed its January highs. What followed was the beginning of a precipitous drop that saw the market tank 20% to close out the...
The Dow fell more than 1% on the FOMC decision
as further rate cuts are not guaranteed. Actually
the way traders interpreted this is that the cut
was an "insurance cut", with no more to come.
Equity markets are feeling the force of gravity from
the yield curve movements.
We like the odds of further softness today,
but would only play continuation breakouts
when...
This longer timeframe trend analysis of the Dow Jones-index (DJI) suggests that the index will remain in bullish territory for at least 2021 (ceteris paribas). Volatility is higher than in previous years though, momentum-indicator shows this. The RSI-indicator supports the idea the DJI is indeed forming a wedge, it follows the same pattern. Advice: short/sell...
If you guys listened to my advice in July, you should have made some good profits now. However, after careful analysis of DJIA's daily and weekly structure, I am convinced that this ongoing wave 4 correction is actually better described as WXY style, instead of ABC style correction. The top of Wave 4's Wave X (1 Oct 2018) did manage to get a bit higher up than...
Hi there. Price is still moving impulsively to the upside, but at the medium-longer term we keep our bearish forecast. Wait for the price to hit the top of the pattern and watch strong price action for sell.
I have broken down a very energetic area of us30. This specific index loves to move in whole numbers. We can see a completion from a quarter level analysis I did a few days ago. However I did not brake it down to the pipette. This time I took the time to break it down in depth. The psychology behind this analysis is very simple. Smart money has played out nicely...
When will the biggest bubble in the history of humanity go down?
Did The Human race really learn out of history or were they just making it worse and worse?
How much power is left to push more to the upside.
Got rejected multiple times at going up. Let's see if we gonna have some sort of support at ascending channel line at around 27050. Easy 100pts to make. Tight stops as always.
If we break the channel line, we should see some major sell off until about 26000.
The Dow Jones hit historical maximums. I believe this is just a bull trap and a big fall is on the cards.
We see on the chart a big RSI divergence and the price printed somewhat of a doji just before season earnings started. Also MACD (not in picture) confirms the bearish momentum. It has been reported that earnings this quarter are going to be pretty bad and...
