Welcome to the first of my macro market ideas. My goal is to have a post for each market sector to give you a long term perspective of the given asset class, so that you are able to drill down to smaller time frames and make wise and calculated trades. The Dow Jones Industrial Average has market data on TradingView going all the way back to 1915. Since the Dow...
Dow Jones remains bearish against 29600 levels in the long run and the recent counter trend rally should not be mistaken as an uptrend. The earlier drop between 29600 and 18200 was an impulse, labelled as Wave (1) or (A). Ideally, a 5 wave move is followed by a corrective 3 waves in the opposite direction. The rally since 18200 lows is corrective, A-B-C and has...
I expect another downmove before the next Bullrun can start.
Divergence on the dow hourly MACDH. Possible head and shoulders, watch out for a fakeout breakout
Symbol: DJI This post is for all the day trading junkies out there. I am showing the 30 min time frame with a cross over to the downside. If I double that timeframe and go to the hourly, I'm at a tipping point in thr market. We would enter to short till 30 min and hourly line up to go back to the upside. We are putting our money on red. We will watch closely on...
This chart is the Dow divided by the Unemployment rate of the U.S. I'm not sure if this means anything or not, but it is interesting to look at. I immediately picked out a wedge.... and a gloomy looking one too... October 2020 anyone?
as shown in the chart
Symbol: DJI Who said major recessions couldn't be predicted? Buy green Sell red I'm just sayin.... 🤫 ---------------------------------------------------- Want to level up your trading skills? We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. Also checkout...
Symbol: DJI Could be an opportunity to short monday. We will have to wait and see on the open. Be prepared. ---------------------------------------------------- Want to level up your trading skills? We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your...
Seeing the first retest of the zone from the US30 - (Dow Jones) We have our supply which has yet to be retested on 1hour, 4 hour. However we have to break through the current zone on the 30min chart. Targets are set as always we take our pips and leave - and leave a runner to possibly make the full target. However - as the momentum has been good for the last...
DJI declined 23% in the first quarter of the year. This was the worst first quarter in 135 years of history of the index. In the next two days we may have a clearer reading if DJI is already in an intermediate wave 3 down that should be more disastrous than the first wave down from February or if DJI is finishing a minor wave B that would have a minor wave C up as...
The Dow Jones is currently up nearly $840(3.9%) to $21,785 after holding at the 23.6% Fib level upon futures market open last night. Price is currently testing the downtrend resistance line which for now is still acting as price resistance. This move comes as President Trump and VP Pence had an upbeat tone during Sunday evening’s press conference while touting...
Keep an eye out for this analysis. Looks like a black-hole below, lets see what we do in the next months or so. If we can re-claim what we lost above or if we reject and lose the low that we made, then we'll keep seeing lower lows.
What Does The Death Cross Tell You? The death cross occurs when a short-term moving average (typically 50-day SMA ) crosses over a major long-term moving average (typically 200-day SMA ) to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market. The opposite of the death cross occurs with the appearance of the...
Long Term Dow Jones Industrial Average target is below 10,000 This is not a forecast I want to make, but this is what my longer term analysis shows. I hope the forecast does not come true but this is what my analysis shows, which is based on multiple time frame analysis of volatility and momentum. Best strategy according to this analysis is to look for sell...
We are living in the biggest market correction all of us have seen. This because we are correcting from a Grand Supercycle. There will be opportunities to buy and sell, but we have to keep alert to only ride impulse waves (up or down) and not corrective patterns. The Cycle correction most probable target is below 10,000 points in DJI. FOLLOW SKYLINEPRO TO GET UPDATES.
Doing a lot of research lately on the crash of 1929, and how that played out. In the first leg down (similar to where I think we are today), the market fell 40-50% in 3 months, similar to now. Then we had a snapback bear market rally, regaining 50% back of what was lost, which keep in mind means you only got back 20-25%. This took 5-6 months to play out, and I...