We have a nice opportunity to sell SPX and DOW in the next Months. WHY? FED will let rates at the current position, because NFPs are well good, semms so... :D Gold still rising, Oil is wage. Problems with trade negotiations with Europe and China, here don't forget the Brexit, its still there. Overbought indicators on SPX and DOW. Tripple Top formation with...
Flag pattern in the making on the short term charts! going forward we should see levels of 30,000 soon! rising channel breakout height about 3000 odd points..
The Dow Jones Industrial Average DJIA is selling for a P/E of 19.3. This is quite high historically. Everyone is buying the hype of lower interest rates boosting stocks. Well, in 2000 and 2007 rates were falling with a falling stock market. Cutting rates is a sign somethings wrong. Anyway, the first rate cut scenario is factored in by now, I don't expect a...
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Possible retest to 27,000 ish area . Fib retrace to possible 50% or 61.8; retest of trendline. Descending channel This is for demonstration and educational purposes only. Trade at your own risk. This pair is very very volalite. Join my team and engage with a community of traders, get 24/7 support, and an educational platform to teach you how to trade. Inbox me for...
08-JUL Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength. Investing position: In Rising section of high profit & low risk S&D strength Trend: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations Today's S&D strength Flow: Supply-Demand...
The DJI has formed an Inverse Head and Shoulders Pattern, a break above the neckline will signify a pretty big move to the upside. However, it also is showing a Bearish Divergence on the RSI. If we fail to breakout, I believe we could see a sharp move down. It is also interesting to see Gold breakout recently, proceed with caution.
Are we breaking into heaven on the 3rd, 4th or at last on the 5th knock?
Dow Jones Futures (YM_F) broke above June 10 high (26289) suggesting that the next leg higher has started. The Index is now showing an incomplete sequence from June 3 low (24610), favoring further upside. Short term Elliott Wave view calls the rally to 26289 on June 10 as wave 1 and pullback to 25898 as wave 2. This indicates that the entire rally from June 3 low...
DOW/DJI graph looks like it's in consolidation.The blue lines (solid and dotted) represent areas where I expect the price to go up/down to. They are the support and resist. The green circle represents a period of time where I think the consolidation will come to an end. What is consolidation? It's when the market is undecided if it will go up or down. What...
Elliott wave view in Dow Jones Futures (YM_F) suggests that the decline to 24604 ended wave ((W)) on June 3. This decline ended the cycle from May 1 high as a 3 waves zigzag Elliott Wave structure. Wave ((X)) bounce is currently in progress to correct the cycle from May 1 high in 3, 7, or 11 swing. The internal of wave ((X)) rally is unfolding as a zigzag Elliott...
Many believe that we are going to test the highs of 26,700, and that may happen based off the momentum we gathered from the recent rally, but I don't like the smaller (grey) fractal you can see inside the larger (white). Head and Shoulders is still in play IMO. The weekly and daily RSI's are both showing divergence. I think 3rd quarter is going to be nasty.
Pattern: Descending Head and Shoulders on 1W. Signal: Bullish above the Lower High trend line and within 24700 - 25200. Supporting: thr 0.382 Fibonacci and RSI at 30. Target: 26700 (1W Resistance).
Having successfully hit both of our bearish targets on the MA20 1D sell signal: , the index is trading inside a 1D Descending Head and Shoulders pattern (RSI = 30.952, MACD = -335.400, Highs/Lows = -556.4643) with clear sell/ buy pressure points. We are currently approaching the strongest buy level (24,600) which is for us an automatic long order to 25,070....
The dow bull market is over, the coming recession will cause the initial dip in the Dow which will correspond nicely with the upward lower bound trend and fibonacci retracement of around 22000. Then I'd expect a lower target of around the 50% retracement level of 16000 which will be at the height of the next US recession.
Tariff man is at it again. He wants to repeat Q4 2018!
Likely: further sideways correction, otherwise wait to buy in at a higher, confirmation price. Thread of the current zoomed out cycle we're entering and when an actual collapse seems possible in comments. Try 10+ years