The index is trading on a 4H Channel Up (RSI = 69.786, MACD = 72.000, Highs/Lows = 56.2642) that has crossed into the overbought zone (STOCH = 95.784, STOCHRSI = 79.387, Williams = -3.343). Since the price is too close to the 11,570 1W Resistance, we will take this opportunity to go short and target the first Support on 1D = 11,300. This is where the 1D Channel Up...
Here is update for our long-term DJIA and whole global stock market scenario.
We already talked about all time targets on DAX and NASDAQ that have been hit last year. But Dow has not touched it yet.
We expect last upside effort to ~29360 where all-time (since 1929 Great Depression lows) 1.618 target stands.
As you understand, as soon as...
Looking for a breakout of the pennant to the upside and will long the position to its next major level of resistance. The Daily trend suggests that it if a breakout is to happen it will go long. Any advice and guidance will be appreciated as it's my first publish.
Big two day mover #IDEX $IDEX broke above resistance right at market close. Looking for it to re test, for my entry, and then will ride the continuation trade either way, ill be watching this the next few days. You can visit my youtube and watch my full video recap, link in the description!
Big gap up today off some positive news. $KNDI #KNDI is looking to continue its move higher, we need to see a break and re test before the entry, will be watching the next few days. You can visit my youtube and watch my full video recap, link in the description!
Biggest gapper today #ABIO $ABIO, fell right away at market open. Looks to be setting up some possible support, ill watch it tomorrow and the next few days to see if we can break back above the median. You can visit my youtube and watch my full video recap, link in the description!
I start testing new methods for trading penny stocks and low cap stocks. I want to combine new ideas with my proven trading strategies and see how workable and profitable they will be in the stock markets.
I should say that penny stocks look very interesting and they can be even more profitable if compare them with crypto markets. So, I will try to prove it by...
Chart time frame - H4
Timeframe - 1-2 Weeks
Actions on -
A – Activating Event
Market will meet resistance in zone @68.90 - ..... and fall to @ 58.00. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 58.00
The chart for the Dow Jones (DJI) is basically the same one as the S&P 500 (SPX). So needless to say, this one will crash as well.
My long term analysis for DJI is still valid, you can see it here:
This new crash that is incoming is just an extension of the...
Back in October 2018 I shared a chart for SPX mentioning that it would crash, the signals were pretty straight forward and I was surprised to see how easy it is to predict movements of these conventional assets.
The crash followed as predicted. You can see it here:
Now, I am...