Jones
US30 SHORT As we approach the 26900 sell zone, we are witnessing a complete rising wedge with phases falling drastically out of momentum. If we fail to break directly out of the upper channel resistance, we should expect a pullback toward 26200 zone before a final break to the 26900 and possibly a repeat of March's sell off. With rising concerns surrounding China, a spike in new Covid cases, and monumental unemployment rates; with no sign or signal of when a date of return for a high percentage of Americans. If fundamentals continue to surround the markets in negative fashion mixed with the DXY finding its bottom, struggling to push through this slowing bull phase, we should be heading significantly lower, fast .
Dow Jones Stock Index (This time is different)View On Dow Jones US Stock Market (21 MAY 2020)
Let's be honest here.
The danger of the virus is still far from over.
No one really knows how bad the second wave of infections will be even though many countries are starting to open up their economies after months of shutdown.
If the economic outlook of the world is so bad and the unemployment rate is soaring yet why do the stock markets keep rising instead of 1929 style depression?
This time is different.
Yes. I repeat this time is different and we have never done it before.
Central Banks (CBs) around the world are shoring (or) pumping too much liquidity (aka money, credit) to swell up the monetary systems at the unrepentant rate. It is with the "T". T for trillions.
It is like injecting the adrenaline dose into a dying patient to keep him awake.
How long can it last? No one knows.
The trick shall work as long as the patient's body response to the treatment.
All hells shall break loose once the body/economy no longer responds to adrenaline/money printing.
For now, the US market is decent resistant fo 24,500 regions and surprisingly many retail traders are staying sideline after the Feb-Mar selldown.
The stock index may do minor pullback along the way and 23,000 is a good swing support region. As long as 22k level hold, we shall see a rise up to 25k-26k region.
That 25k-26k region is going to be the battleground of the season.
Instead of waiting for a short, it is better to look a long entry in every pull back for now.
Be Patience Padawans if you are looking for a great sell.
DYODD, all the best and read the disclaimer too.
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Thank You!
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Dow Jones (DJI) will bounce off moving average (Weekly)The Dow is looking to break through 200 weekly moving average, however it is finding some resistance.
With COVID-19 US outlook and extended lockdown, I believe that the Dow won't break this 200 moving average and will go down. Target will test last months low (~19000), will break through and go lower.
DOW JONES SENTENCED TO DEATHThe money printing presses are taking a break.
Short it to the f*cking ground ! ! !
I'm Starting to See a Patern Here (DOW JONES DROP INCOMING)The Dow has tested the blue resistance line (around 19,000-19,200) about 7 times throughout the last week. The Stoch RSI is also showing it is not oversold yet. In addition, you can see the pattern of a big drop, a small gain, a big drop, a small gain, and so on. We just had the small gain and I think another big drop is coming on Monday. However, if it decides that after 7 times of hitting a resistance to rebound off of it, this could be the bottom of the recession (I think this is highly unlikely and has a 5% chance of actually happening).
Weekly Momentum On Major Pairs (Week 13/2020)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Very Bearish
Gold & Silver: Bearish
XXX/JPY: Very Bearish
Stock Indexes: Very Bearish
BitCoin: Bullish
DJI - Dow Jones Industrial AverageReduced 1929 bear -65%. Just idea, not trading advice.
This indicator shows the distance from the 20 MA (here monthly)
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weedmoon - dodging clouds of corona, stacking physical weed, that's how we do it
Open gapOh boy, tomorrow's open is gonna be a doozie.
Let's examine where we can go.
-that last hour is ugly. Any bids looking for a sale are shook.
-potus answered a question about a possible recession, to which he said maybe, and of course the times have run a headline saying he said this on his own accord; in reality he was brushing off a question that wasnt related to covid
-we have a very weak upper channel that formed on march 5th, which I believe is going to form the top of a descending channel; the base of which we formed trailing blood on feb 28th.
Tomorrow is going to be red.






















