Hello,
DOW is in a range as the VPVR indicators show us, when we break it will go down further.
I think its moment to find short positions there.
Thanks.
DJI continue its way down on intermediate wave 5 of corrective primary wave A in the current main scenario. The alternative scenario as of today is that intermediate wave 5 has finished, if this is the case, there is a possibility that wave A up had not yet finished, to monitor for this look at the resistance line at the high of March 26 in the next days. in any...
The Dow Jones Industrial average saw a $459 gain today, up +2.4% from an opening price of $21,050 and a close of $21,200. Price had seen a high of $22,019(+4.6%) intraday as investors placed hopes on the passing of the coronavirus economic relief bill, but gave up half of the days gains late in trading as the bill fell through and was once again pushed back to a...
Dow Jones Monthly Chart:
The index is approaching the levels from where the index has broken out in the month of May-2015 and August-2016. The break out levels are 18400 and 18700 respectively. (Red Line)
Around 18000-18200 the trend-line joining highs of 11700 (Jan-2000) and 14200 (Oct-2007) is also lying. (Blue Line).
For educational purpose.
The Dow Jones has already fallen over 10,000 points as investors derisk and "buy cash" due to the ensuing economic shutdown. The Coronavirus has begun to ripple through the United States. Medical supply shortages and overfilled hospitals are just the beginning especially as we wait for the U.S. government to take action. I am short until the U.S. has seen the...
The Dow Jones Industrial Average saw the best percent gain today since 1933 and its largest 1-day point gain ever, up $2,113 today with a close of $20,704 from an opening price of $19,722. This move comes after price held support yesterday at the 50% Fibonacci retracement level of the total Fibonacci range from the 2009 low and the recent all-time high, which was...
The Dow Jones continues to hold above the 50% Fibonacci retracement level which is the midpoint between the 2009 global financial crisis low and the all-time high made in February of this year. Stocks saw early gains today as the Federal Reserve announced unlimited Quantitative Easing to prop up banks and the financial system, but then prices retreated as US...
Seems like we will have a turbulent Monday with IG trading already at -3.09% as I am writing this post. This might be a very short trading day. If nothing changes in the next 8 hours expect futures to be halted immediately after open at circuit level 1.
Scenario A: We hit circuit breaker 1 and then continue downwards breaking the lower channel line. If this...
Dow Jones futures are currently locked limit-down as trading was halted after a -954 point drop at the open of trading. Price fell -5% to a new selloff low of $18,086. Price as now fallen nearly -40% from the all-time high in what continues to be the fastest and steepest stock market decline on record.
Price is now testing the 50% Fibonacci retracement level...
The Dow Jones Industrial Average(DJIA, average of top 30 US stocks by market capitalization) closed back above the psychological level of $20,000 today and logged a gain of roughly 1%. Price also closed above the lower broadening wedge line(shared in previous charts) for the second day in a row which indicates that this level is still acting as a technical...
The Dow Jones Industrial Average(DJI) closed at $19,989, down -6.3% today and fell below the $20,000 level for the first time since 2016 meaning that stocks have now given back all of the gains made in the past 4 years. The market is now down -32% from the all-time high of $29,568 made on February 12th meaning that it has taken a little over a month to wipe out...
We are looking at DJI 10years channel, and the price is currently sitting on the bottom of it.
We can expect a short term price increase, but later the most probable situation will be the re-test of 2015 all time high support.
Catalysts for bull runs have been seen including symmetrical triangles, and three clear bullish divergences. A broadening wedge within a broadening wedge is present, these 52% of the time (according to bulkowski's chart patterns) result in a breakout downwards. Most often this chart pattern is found in bull markets. A clear cut case is the DOW. Going off purely TA...
After a week of strong selling the Dow Jones has touched the 12 year trend line for the 3rd time. Had not had a touch for 4 years. In this Channel is a good sign. At some point I would expect a third touch of the upper trend line. No need to panic sell everything in my opinion. Just think, a vaccine is being created for Covid19, do you really think that...
The world is going crazy, countries in lockdown, flights being stopped, but at least we have people buying toilet paper from retailers to give this quarter a boost in profit numbers hey?
But really this is a short term bottom, Looking at the chart here it is very hard to see further falls right now. The candle has over extended the LinReg and the Stochastic RSI...
