Dow Jones showed some signs of strength in the last couple of hours of trading on Friday afternoon. Will look for buys above the blue level going into next weeks trading session. After selling off after Fed Cut Rates I expect to see some recovery next week after positive NFP release on Friday. Would like to see Gold come down to correct as well which should help...
The dow has put in a higher low on the hourly chart. Combined with the long legged doji reversal pattern and MACDH uptick it looks like an OK long to take, considering the bullishness of the daily charts. We had a big gap down today so I would expect a gap fill tomorrow. Decent trade with a stop just below the Doji, nice profit potential to test up to the resistance.
This is a long term approach on DJI after the price hit the Higher Low trend line of the 1W Channel Up (RSI = 44.081, MACD = 142.400, ADX = 38.014) following the worst weekly sell-off since the Subprime Crisis. The 1W RSI also just hit the 34.000 level which is a Support since 2016 and last time it visited that level was on the previous Higher Low of the Channel...
Please support this idea with LIKE if you find it useful. We can initiate a Long position, because price reformed the Ascending Channel so that we have a retracement. Also we have Gaps to fill But if we lose current support trendline the decline can continue. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into...
Vista cierre semanal de los indices DOW S&P Nasdaq y RUT. Corrección más del 10%
Dow is retesting the 200MA on the daily. This has been support for over a year since the last major breakage in late 2018. If we can't hold, we will see more downside.
On the chart you can see the fibonacci channel obtained by combining two bottoms (pointed as 1 and 2 on the chart) and the peak between these two bottoms (pointed as 3). This channel should had been drawn and had been started to be followed just after 16th August,2019. According to the interpretation of this fibonacci channel, it can be expected that dow jones...
My previous posts on this subject were much longer, but I'll keep this short and sweet. You can check out my other posts (linked below) for more in-depth analysis and my overall perspective. I actually DID NOT want to see the stock market continue up here. It's just further confirmation that we're still following this fractal from 1929. I drew the yellow...
Market opened with fundamental corona virus risk on to the downside. took a 1 contract sell with 1:6.2 Risk reward Position faked out sellers, however it reached a liquidity zone on the 1 hour and pushed back up. Position closed with target met. Awaiting next move
I count five waves, although they aren't the most symmetrical. I can't get a handle on in the pink zone but whatever. Impulsive selling has been taking place. Wouldn't be surprised to see hopeful things in the news and then the virus spreading somewhere else majorly to start taking markets down more... I might wait for that golden (0.65-0.618fib) pocket, and then...
Once again, notice how orderly and well-respected the trendlines are throughout a 21 and 24-year expansion. Show these US stock market charts to anyone who tells you that technical analysis doesn't work. Study these time periods and become well-acquainted with the stock market parabolas throughout history.
Pattern: Channel Up on 1D. Signal: Bullish as the pattern made a Higher Low. Target: 29300 (just below the 1D Resistance).
DJI's rising wedge isn't going to end well. I circled similar candle sticks where the price declined but rebounded back in April 2019. I don't believe this to be the case this time around. Once the rising wedge has broken to the downside, I look for significant decline. Let me know your thoughts on the DJI and market in general. TG
I mapped out the last bull run into the 2008 crash. I mimicked that from the 2008 crash to todays current market conditions. The time frame of the current run up is almost exactly half of the 2008 run up. I believe that this supported by the tech revolution and the ease of access to the markets. There is a lot of banter around the fed reserve. Other countries are...
Dow Jones Futures Today Dow Jones futures fell more than 1% at the lows but roared back a modest loss. They faded again somewhat to a 0.6% loss, likely in reaction to the reported Boeing 737 crash. The jet was not a 737 Max, which has been grounded since a fatal crash in March. Boeing stock is the largest weight on the price-weighted Dow Jones industrial average....
Pattern: 1H Channel Up. Signal: Bearish as the price failed to break the medium term Higher High trend line (bold black) was rejected sideways and formed a Death Cross (MA50 crossing below the MA200) while the 1H RSI is trading on a bearish divergence. Target: 28,030 (1H Support) and 27,800 (4H Support).