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Dowjonesforecast

Dow Jones: Move Yourself!Move yourself! You always live your life, Never thinking of the future. Prove yourself! You are the move you make, Take your chances, win or loser. See yourself! You are the steps you take, You and you, and that's the only way. Shake, shake yourself! You're every move you make, So the story goes… Dow Jones should listen closely to “Owner of a Lonely Heart” by Yes as the text of the first stanza is indeed in accordance with what we would encourage the index to do. After it has been given the brush-off by the resistance at 34038 points, Dow Jones has retreated deeply into the green zone between 33724 and 32519 points, even touching the white zone between 32389 and 32241 points below it to finish wave (C) in white. Now, the index should brace up and move upwards, striding across the green zone and climbing above the resistance at 34038 points. However, there is a 45% chance that Dow Jones could fail to pick itself up and could drop below the support at 32167 instead.
CBOT_MINI:YM1!
by MarketIntel
1
Dow Jones: EnsnaredRemember the Devil’s Snare in “Harry Potter”? It is one of the obstacles Harry, Ron and Hermione have to overcome to get to the Philosopher’s Stone. Quite similarly, Dow Jones is ensnared by the green zone between 33790 and 32534 points, which it has entered already for the second time. We expect it to advance a bit deeper still to finish wave (5) in white, wave c in turquoise and wave 2 in green. After it has managed this task, the index should rise out of the green zone and above the mark at 34038 points. There, it should gain enough upwards momentum to cross the resistance at 35413 points as well. To confirm this scenario, though, Dow Jones must not fall through the bottom of the green zone and drop below the support at 32167. However, there is a 40% chance that this alternative scenario could come into play.
CBOT_MINI:YM1!
by MarketIntel
Dow Jones: Just a Little Bit More 🤏Dow Jones is pressing further and further upwards and has nearly reached the resistance at 34205 points. Once the index has crossed this line, we expect it to gradually continue its ascent above the next marks at 35521 and 36446 points, which should each affirm the upwards movement. There remains a 35% chance, though, that Dow Jones could drop below 32167 points and into the magenta zone between 31292 and 29978 points first before endeavoring to rise up again.
CBOT_MINI:YM1!Long
by MarketIntel
1
Dow Jones: SeesawDow Jones is currently see-sawing between the resistance at 34205 points and the support at 32167 points and seems hesitant to move forward too fast. We expect the index to move, though, namely upwards. As soon as it has effectively crossed the resistance at 34205 points, it should continue to rise above the next one at 35521 points and still further above 36446 points. However, to assert this scenario, Dow Jones must not fall below the support at 32167 points, otherwise our alternative scenario with a probability of 40% would commence. In that case, the index should make a detour through the magenta zone between 31292 and 29978 points before climbing up again.
CBOT_MINI:YM1!Long
by MarketIntel
Dow Jones: The Second Time Around 🎤“ Love is lovelier the second time around… ”, so they say in the Oscar-nominated song “The Second Time Around”. First performed by Bing Crosby in the 1960 musical-movie “High Time”, the song became even more popular when Frank Sinatra added it to his repertoire one year later. The song’s message might also ring true for Dow Jones as the index tries to climb above the resistance line at 35521 points for the second time. We expect it to make it above this mark soon and to thus affirm further upwards movement. The index should then rise farther, even above 36446 points. However, as long as Dow Jones has not managed to conquer the resistance at 35521 points, we must not disregard our secondary scenario. There is a 40% chance that the index could fall below 33532 points and head for the bottom of the orange zone between 33518 and 32614 points.
CBOT_MINI:YM1!Long
by MarketIntel
Dow Jones: Superman to the Rescue! 🦸As we all clearly feel these days, the markets are knee-deep in a phase of correction. We know, this can be alarming, but never fear! There is hope for rescue! It’s a bird! It’s a plane! It’s Superman! Like Superman rushes down to catch his crush Lois Lane in free fall, Dow Jones has rushed down into the orange-colored zone between 33518 and 32614 points. And just like Superman caught Lois Lane before she hit the ground, we expect Super Jones to end wave C in green within the orange-colored zone and before hitting 32500 points. The index should then fly up again, his red cape fluttering behind, and aim for 35221 points. From there, its superpower should be strong enough to shoot it to 36446 points and higher.
CBOT_MINI:YM1!Long
by MarketIntel
1
Dow Jones: Ready for Takeoff ✈️ On his way downward, Mr. Jones has already dived into the white area between 35690 and 34805 points a few times and he still could go in there again to finish wave (2) in white. There, at the latest, we expect the index to rise again. If it breaks through the resistance at 36832 points on its way, higher goals will become more and more likely. There is also a 40% chance that the index could rise immediately and hit the 36832 mark earlier already. So, you should all fasten your seatbelts, because Mr. Jones is ready for takeoff!
CBOT_MINI:YM1!Short
by MarketIntel
Dow Jones BULLISH To $38,000 Prophecy 1th November 2021- I love Dow Jones so much. Dow Jones is my main trading instrument after Bitcoin and both share the same characteristics. Both is uptrend in long term and every one should invest into Dow Jones as their side portfolio when it comes into investment. Week 25th Oct-29th Oct The week where dow was supported through its long term trend and the week where the best week to trade dow. Health care and tech stocks making its bullish along side restoration market sentiment. The rise in vaccine stocks after FDA cleared the Pfizer vaccine for children aged 5-11 is very relief for a moment. Rather than that except like other stocks which were not impacted for the slide of Amazon, Apple and Starbuck not much. My prediction of dow will be strong bullish to $38,000 as the greed has rising for dow and took down others native instrument.
ULong
by Zezu_Zaza
Dow Jones 2021 vs Dow Jones 1929Hi there, Comparing the charts (before 1929 to 1929) and (before 2021 to 2021), they are scarily similar, with many similar patterns, from the perspective of only purely TA, this could be the scenario playing out, but we need some strong fundamental reason for this to happen, what could it be? Since the start of the covid 19, we saw the market crashed, but in the end, we found out it was purely a correction, but there is one reason, that could be the consequence of the next global depression (?), that is the printing money, cannot just solve a recession. Imagine this scenario: Where the only good in the economy is rice and rice costs $1 a pound, and imagine you and all others earn $100 a month. Each month you buy 100 lbs of rice exchanging $1 for 1 lb of rice; so the real value of $1 is 1 lb of rice. Now suppose the government simply prints more dollar bills and gives you and everyone else an additional $100. If you want to eat more than 100 lbs of rice a month, now you can do so, but, since others like you also want to do the same, the demand for rice in the economy would go up and very likely its price as well. Now you would have to give up, say $2 for each lb of rice . This, is inflation , and it is decreasing the real value of your dollars, you are getting less rice for every dollar than you used to. This would be the perfect example, but there is a problem in 2021, which is that the wages are not following the massive increase of inflation , due to the massive printing we had, so instead of having $200 to buy 100 pounds of rice, you still have $100 to try to buy 100 pounds of rice($2 each pound of rice now). In conclusion with this scenario, this will have consequences in the long term to the bad numbers of the unemployment and which will cause trouble in the economy, and thats when we start heading for a recession. Back to the charts, all of this bearish price action, can it be the top of this bull market? It looks like it, we could still have another rally, another top, but the top I would say its very close, and this last bearish price action is very similar to a top out back in 1929. I will short Dow jones to the targets mentioned in the charts, but remember, its a long term investment.
DJ:DJIShort
by fernandoc17
9