DowJones is aiming u to fall roughly 250 points Dec. 31 2019, before the new year. Volatility Index (VIX) is screaming for new highs, sending the bears to eat up, and giving the bulls for room to take profit. Expect a bounce at previous support from the 28200 level and potential breakthrough of that 28200 level.
Short DOWJONES Below 27640 Stoploss-28210 Tp1-27391 Tp2--27110
Seasonality may be showing a temporary top as we close the month of October. We broke the key trendline/pitchfork today beneath all of the FOMC related volume. I expected continued selling into next week.
Dow Jones are right now in a decision mode. 26750 is the key Level which must hold for Long in a Longtime View. In shorttime we are ahsort since 26980 broke with 2 supports. Now there is the Long Trendline in BLUE which is in danger Watch out these and the 26750 Level to decide the direction. For new Longs in short timeframe we must climb above 26870 Good...
Dow Jones Lacks Sustained Momentum The Dow Jones Industrial Average was lagging the other major US stock market indices on Thursday, as both the S&P 500 and Nasdaq were able to squeeze out gains of more than 0.40%. At last check, the Dow had climbed 68.36 points or 0.25% to 27,070.34
If price closes at 61.8%, looking for Dow to continue its path down.
Currently bears was on a rally and train was taken, 600 pips bagged successfully and now currently trailing the pullback.. Restest of broken structure, 3 soldier candle formation..
TVC:DJI FOREXCOM:DJI TVC:DJI OSE:DJIA1! Waiting for catalyst to Short the market
After a 1600 points rebound, we need a to breathe and catch at least 300 points. Target 26440 points before a new analysis.
Is it possible that we have topped out on the DOW and that a we will see a retracement soon back to $25,400 or so? Assuming we do make a drop, I have posed a possible scenario in which a head and shoulders would then form and take us back down to $22,200
See more at cryptoplanet.cash join our telegram: bit.ly follow on Instagram: www.instagram.com
On Monday I am targeting a finish just over 25,000 but not by much, followed by a slight relief rally to trap bulls further before coming down further. My target is near 24,000 +/- 50pts by the Fed meeting in mid September where as a result of the stock market on the verge of collapsing, and the trade war escalation, there will likely be a 25bps cut. However, I...
Thanks for viewing. I have talked about fundamental factors in previous posts that point in the same direction. This post is almost 100% from the chart. - The NYSE has been making a series of lower highs since January 2018 (The Dow and the S&P 500 are smaller samples of the market and have been making higher highs of late), - Even the Swing high (which is well...
Yo whats good everybody anybody else seeing this setup?
DJI SELL: TP1_23.999_8.75%_2301.80pips_SL1_27078_2.96%778.00pips TP2_21.032_12.28%_2943.20pips_SL2_25.337_5.68%361.70pips
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.
Although we are on an uptrend, the Dow Jones is currently facing serious weekly resistance at 26694, we believe it is on the way to making a price correction, The Stochastic indicator confirming what we thought as is in the upper term range that could mark a reversal of the trend (Last September when the stochastic was at these levels the Dow fell by 19...