The winter is coming. As everyone can see the index is failing at making higher highs, the dips are shallow, but the conviction is not there, there is just no room to rally. We reached the TOP. RSI showing weakness in the bull market.
Expecting a correction to around 25300, then a low volume rally to retest some of the former highs, and then, the long awaited...
Dow Jones Lacks Sustained Momentum
The Dow Jones Industrial Average was lagging the other major US stock market indices on Thursday, as both the S&P 500 and Nasdaq were able to squeeze out gains of more than 0.40%. At last check, the Dow had climbed 68.36 points or 0.25% to 27,070.34
These things cannot be timed exactly or predicted to the day. Nevertheless, you would do well to be aware of the economic environment in which we find ourselves and how fragile things are. I have sketched a possible scenario on the chart that seems quite probable to me right now. This is just to illustrate my current view of things. Of course I can be completely...
Shit is about to get real in the legacy markets. Get your shorting game down fellas. Its gonna be a great rest of the year for shorts. If there is no Fed intervention and QE begins to prop up the market then it may hold up but I doubt it.. This is pressure that has been building up in legacy markets for quite some time now and I dont this that the capital flight...
Ante la notable Próxima Crisis Económica internacional vemos como la economía de EE. UU. esta en una desacelerasen por ende el patrón de terminación de tendencia que es el Canal.
--> Divergencia en RSI y en MACD
Hi, today we are going to talk about DOW JONES
We observe a D chart, some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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We have a possible demand-zone here. Wait for confirmation before buying.
Look at the gold-chart for confirmation as well. Gold and Dow have some correlation --> which means that if gold shows weakness, Dow will probably rise.
Buy US30 have been waiting all week for this entry,
We have some good talks happening for the rest of the week which will help push us up further,
Being an indice it matches into our startegy
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Historical Analysis and Monthly Chart :
The DIA showing Strong Major Bull Trednd with serveral interaction with the Return Line (RL).
Note the Pick in Momentum since February 2016 (or B3), the next Major bottom made above the Major Trend Line (MUT), and therfore showing the failure of the Bears to take the price...
Possible continuation pattern forming, not perfect but could be considered a BEARISH CYPHER if trend continues to target on the short term.
Makes sense to have a small bull trap on the way down, something to keep your eyes on in any case.
USA SHORT TMF + ETFS that i have looked into.
BBUS QQQ QID
CYPHER TARGETS ARE THE 618 and 100% retracements of leg C -...
Is it possible that we have topped out on the DOW and that a we will see a retracement soon back to $25,400 or so? Assuming we do make a drop, I have posed a possible scenario in which a head and shoulders would then form and take us back down to $22,200