Dow Jones (DJI) got rejected on August 31 on the 4H MA200 (orange trend-line) and that made the price pull-back. We are now close to the 1D MA50 (red trend-line) again, which is where the initial rebound started on August 25, exactly at the bottom (Higher Lows trend-line) of the Channel Up. This is the final buy opportunity on this pattern, as any closing below...
Dow Jones (DJI) held its 1D MA100 as Support and as projected on our analysis last week (see chart below), it formed a Higher Low on the 5-month Channel Up and rebounded: We now move to the 1W time-frame where this week's 1W candle is so far the strongest since July 17 and already recovered the 1D MA50 (red trend-line). After completing the standard -4.70%...
Dow Jones (DJI) is consolidating under the 1D MA50 (blue trend-line) for the 5th straight day and is doing so near the bottom of the 5-month just above the 1D MA50 (green trend-line). The latter has been intact since June 02, so technically we are at a very strong Support zone. In fact August's decline so far has been the strongest technical correction since...
The Dow Jones (DJI) index remains within its 5 month Channel Up pattern that started in mid March and recently hit its top. What the majority of the market is missing is a stronger pattern on the wider 1W time-frame. This long-term chart shows that an Inverse Head and Shoulders (IH&S) pattern priced its Head (bottom) when the Channel Up started and completed the...
It's been a while since we looked into Dow Jones (DJI) and made the bottom buy on the Channel Up last Higher Low (chart below): Right now the index is rising after a rebound on a Double Bottom on the 1D MA50 (blue trend-line). The dominant pattern is a Channel Up and the secondary a Diverging Channel Up (dotted lines) that forms a Higher Highs rejection zone...
One and a half month ago we gave the most optimal buy entry for Dow Jones (DJI) exactly at the bottom of its 4-month Channel Down: Right now the index is trading inside a shorter term Channel Up that is technically aiming at the 34900 Resistance, which is the December 13 2022 High, as part of its Higher Highs process. If however the 4H MACD currently...
Almost a month ago we gave the most optimal buy entry for Dow Jones (DJI) exactly at the bottom of its 4-month Channel Down: Right now, we see an emerging Head and Shoulders (H&S) pattern, which is a technical pattern typically formed on market tops. The key now is the 4H MA100 (green trend-line). A closing below it, will most likely accelerate the pull-back...
Almost a month ago we gave the most optimal buy entry for Dow Jones (DJI) exactly at the bottom of its 4-month Channel Down: The price has hit our medium-term target and zooming out into the longer term horizon we can see the grand pattern being an Inverse Head and Shoulders (IH&S). This is a bullish reversal formation, in fact it may be characterized as the...
Dow Jones is currently on the 3rd straight green 1W (weekly) candle above the 1W MA50 (blue trend-line), testing the top of the 4-month Channel Down. We have previously seen almost the same pattern during the 2015-2016 correction (E.U./ China/ Oil crisis). A fake-out below the 1W MA200 (orange trend-line) initiated a rebound above the correction's Lower Highs...
This is basically to last week's buy signal at the bottom: As you see Dow Jones (DJI) made a new Lower Low (bottom) on the 4-month Channel Down and broke above the 4H MA50 (blue trend-line) again. The move is supported by a Higher Lows Zone (as is the RSI), similar to the previous Channel Down Low in late December. With the Fed Rate Decision tomorrow always...
Pair : Dow Jones - DJI30 Description : Impulse Correction Impulse Break of Structure Flag Pattern Bearish Channel in Long Time Frame and Short Time Frame as an Corrective Pattern Divergence Completed " 12345 " Impulsive Wave " ABC " Corrective Wave
Dow Jones (DJI) is trading sideways for the 4th straight 1D candle on the bottom (Lower Lows trend-line) of the long-term Channel Down. As the 1D RSI touched the 30.00 oversold level and rebounded, similar to the September 27 bottom, while the 1D MA50 (blue trend-line) crossed below the 1D MA100 (green trend-line) to form the 1st Bearish Cross since that bottom,...
This is a chart we've looked into in the recent past for Dow Jones (DJI) but amidst the recent uncertainty, we think it is necessary to refresh in order to keep things into a longer term perspective. The time-frame is the 1W (weekly) where Dow is seen forming an Arc pattern on the 1W MA50 (blue trend-line), which since the 2009 housing crisis bottom, has formed...
This Dow Jones (DJI) from the start of the 2022 Bear Cycle until today with the 2007 - 2009 (Housing Crisis) Bear Cycle fractal plotted on it. As you see up until the mid October bottom, the two sequences practically traded in an identical way. Since then however, Dow has completely diverged from the 07/09 fractal and despite the late weakness, it is hard to claim...
Not surprisingly to us, Dow Jones has stayed inside the High Volatility region that we have identified back in late November: The 1D MA200 (orange trend-line) has supported twice already since November 10 and is now going for its 3rd hold. If we pay a closer attention to the 1D RSI we see that it has printed the very same pattern it made on all Lows during...
After the double bottom under 29k and a break above descending trend line resistance, Dji has started to consolidate (as if it was waiting for Nas100 and SP500 to catch up, and now are all aligned:) ). Technically, the picture is bullish and crystal clear, with a price waiting for a trigger to break above the triangle's resistance. CPI could provide this trigger...
Dow Jones (DJI) got rejected yesterday following Powell's speech as the Resistance Zone of 34300 - 34370 held (August 16 and January 15 Highs respectively), we expect it to turn neutral for a while and trade sideways within the rough 33640 - 34180 Scalping Range illustrated on the chart. The 4H MA50 (blue trend-line) has assumed the role of the Pivot and the 4H...
While the NDQ/DJI, itself, represents a significant trade opportunity here, even more notably, a number of the index components display remarkably skewed "Greeks"! (For example, APPL-GOOGL, CAT-PEP, TSLA-BA, etc..) E.g., It is a rather strait forward process - at these levels - to assemble baskets of stocks (Long) in each index (Short) with rather juicy, +30%-40%...