The market is more predictable that we have been led to believe.
We will now study the effects of both the 17 year half-cycle and the 9 year half-cycle which are occurring at the same time.
There are many other cycles or sine-waves occurring in DJIA and in other markets as well, but for now we will just focus on these two cycles.
Please see the Lesson...
Dow Jones DJI
The Dow was making a little continuation pattern as the last
session ended. It still looks vulnerable whilst trapped within
the pattern but it's sloping downwards so it still has a chance
of breaking higher later.
Whatever, it has to break above the upper small falling
parallel to follow long back to 24879 initially and then on a
As clearly shown on the chart, the market is not in a downtrend as many may suggest. It has rebounded off of the underlying support line multiple times yet to break through. However, if it does make it through this point, it could very well go into a free fall towards the previous support dating back to 2016.
The market's current instability is due to talk of "trade war" with China. However, the support line as shown has rejected the fall two times so far. Unless the market breaks through, you can continue expecting an upward trend.
When you've been in the crypto space for some time one is probably familiar with the analogy "bad tech". Pointing towards the big upswings followed by often huge selloffs in Bitcoin. Well, today my friends, we have an example of actual bad bad tech, the hyper bubble, bubble of all bubbles: the stock markets.
- There is no reason, to be upset my friend.
The S&P 500 has experienced an incredible run ever since its low in 2009, surging from $652 to a top of $2869. That is an incredible rate of return totalling +340%. Or an annual rate of return just under 18% - and that still leaves out the return gained through dividends. I want to provide some word of caution in this post, looking at the graph and looking at long...
More upside to go.
price is at a no man land.
I would not look for any trades at the moment.
Too late to long , too early to short.
At least 26k before we have some possibility to short
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities...
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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 out...