If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: US30 Time frame: 1D So I have just posted about the NASDAQ and noticed that the DOW chart is slightly different to it (I will post the NASDAQ chart below). On the original chart you can see the NASDAQ breaking...
Hi traders, this is my idea, please give me any comments if you like, thanks
Again a short position on the DOW. The last one was not triggert. Now a second try. Looks like a false Breakout.
Currently the 6th time in one hundred years the DOW has been as overbought on the RSI. In 1944 the DOW rallied 3.4 % higher first, then pulled back 4.5% yet in the other 4 times, the DOW pulled back 4-6% then had an upside bias for the next 2-3 years, where the DOW rallied 89% - 17% - 49% - 118% - 82% In each period after the rally finished, the DOW had a...
I just came across this. A probable retest can happen. Watch the break of trend-line for validity.
There is a high probability this coming week that DJX might shoot up to 180.
There are two probable scenarios in my opinion, but I would look at selling my trade at an earlier support level, also I would be looking at which is the real resistance level. See the full newsletter here: forum.marketstockoptions.com
When measured in Gold "Real Terms", a different picture appears ... it seems that although prices in dollars have made new all time highs the market is actually set to go down. I believe we are now in a long-term down cycle. Any ideas? What do you all think?
So I think it’s possible for DJX to move a little more to the upside before it starts sliding down. See the full newsletter here: forum.marketstockoptions.com
I still need more data but I am thinking that there may be more of a pullback before we bounce back. See the full newsletter here: forum.marketstockoptions.com
TVIX has been playing well off of daily S/R outlined in chart, likely pops soon or else 2.75 support could test. My guess is it at least tries for 3.84, and if strong enough, we could extend targets to 4.25 area. bounce off of 3.00 strong so far
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BREAKOUTS & RUN As we look over market history in the U.S. and other equity markets, we see long standing fits and starts. Ranges in these starts are extremely bullish, seeing breakouts of more than 2000% over 25 year periods. After breakouts markets always and eventually consolidate before they turn there next break. Post 1930's Great Depression...