For a moment, the Dow looked like it was serious about rising again. However with the current movement, the course is developing in our predicted direction. We expect the course to turn around at 33518 points and surge again. An alternative breakout has a probability of 35%. Happy weekend!
US30 - First Daily crab complete with nice rejection (HTF PA very similar to OIL) now I'm expecting price to drop and finish the next. The D point lands in a very nice PRZ. I've take US30 Short now based on LTF PA, I believe price will drop further before a pullback, then drop to the D point! Let me know your thoughts! ** Disclaimer *** These ideas I...
US30 - Sharks forming with daily BOS, One shark completed already where price had a pullback, I'm still expecting price to be bullish on lTF to fill imbalances above/take out liquidity but staying within the Daily range before then continuing to the downside. Let me know your thoughts!
NOTE: IF PROVEN ACCURATE, THIS NEW COUNT INVALIDATES ANY PREVIOUS LONG TRADE IDEAS FOR THE DOW JONES AND NASDAQ. In this video I talk about some signs I am seeing of a topping process taking place right now. When it becomes blatantly obvious that something is not right then I will change my count accordingly. Although this is yet unconfirmed I explain to you...
Dowjones30 - Daily - Price testing at a strong supply zone.. SHORT
Hi there, 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. Be patient!
Given that the price has been successful in breaking the resistance range and has also rebounded to the broken level, we can expect growth of at least 36,000.
After the good growth it has experienced, we expect to have a short-term correction to the specified level and then move on to its new Targets ...
DJI Weekly Technical Analysis All Indicators NEGATIVE Resistance: 35091,56 - 38542,62 Support: 33271,93 - 32071,41 - 31647,53 Until 30 August we will watch. Technical looking not good.
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...
Hi there, 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, Good luck
... Sure looks like it. - Especially since a ~70% decline here would be nothing more than just a garden variety return to the historic mean.
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...
It's just an idea. Don't let it change your mind and your positions.
Something's brewing behind the scenes... the big short coming soon. I predict April 26th will be the next Black Monday