Comparing the charts (before 1929 to 1929) and (before 2021 to 2021), they are scarily similar, with many similar patterns, from the perspective of only purely TA, this could be the scenario playing out, but we need some strong fundamental reason for this to happen, what could it be?
Since the start of the covid 19, we saw the market crashed, but in the...
With the bears remaining strong, we adapted our expectations and foresee a decline until somewhere close to around 34035 points. After establishing a low there, the Dow Jones should gain strength again and surpass the resistance at 35547 points.
US30 seems to be under strong bearish momentum. Looks like it is trying to break the most recent 4h support zone. I utilize multi time frame analysis so i'll look at the smaller time frame to see price in greater detail. If price retest as new resistance i will be targeting next structure support zones.
Following up on the Dow breakdown on the 3M timeframe. Bearish divergence on falling volume with rising price. Bearish candle being printed right now but would like to see higher volume to indicate the current Dow Reversal is macro pullback.
As the ol' southern colloquialism would have it: "Darn theng (The Dow) is fixin' to be done foh, rat cheer, right about naw!"... And this where the Long March (to < 9999) bound to start, rather sooner than later. (There is also a perfect Fib. Time Cycle lurking in the background. - Look closely!) If one is afraid to Short the index outright, no problem! - You're...
I think the bull market on Dow is about to end, we have a monster rising wedge which cant be ignored, also usd is looking ready to wake up which will define the top on this market
Watch lower timeframes for entries,
1. Stocks are historically expensive
The stock market could crash because equity valuations are historically very pricey. As of Dec. 29, the Shiller price-to-earnings ratio for the S&P 500 -- a P/E ratio based on average inflation-adjusted earnings from the previous 10 years -- hit nearly 34. That's more than double its mean and median over the past 150 years, and...