We have a nice looking Cup with Handle on IBM and it's currently Challenging the $140 Psychological Resistance Level, if it can get above that i think we will see IBM's stock price push towards the $175-$180 measured move. On a side not i also believe the Dow will be the strongest performing Maor US Index and reach all time highs before any other index and that...
Reverse Cup and Handle formed on Dow Jones.
The price broke up and since then has been rocketing to its first target at 37,242.
Now that it is the new year generally we can expect the January Effect to kick in with enhanced optimism and positive buying.
I don't like the USD looking to strengthen though, that might change the course.
RIght now I don't have...
The dow broke below the Symmetrical Triangle and it was beautiful text book style.
We set the first target at the bottom of the pattern at 33,607.
Now that the momentum is still negative, we can expect it to head to the next target at 32,622.
The signs are all bearish and this is one of those hold and adjust stop loss if need be.
NASDAQ / US30 TRADE IDEAS
Potential bullish week ahead, waiting for financials to get released to determine whether I will be bullish or bearish.
There are a lot of opportunities to get in long positions so we will wait for price and try avoid the false break outs.
Afternoon everyone, unfortunately with the public holiday on Friday it prohibited us catching the US30 buy, today I’m looking for a long position on US30 - we need to see where the market wants to head today so please only risk 50% of what you usually trade with.
Predicting this move to happen at NYSE open - 3:30pm SAST
Thanks for all the amazing support so...
Based off what's currently happening in the USA we can expect the market to go down even further - keep in mind that NFP (Non-Farm payrolls) is tomorrow so price will be extremely volatile, I am expecting price to takeout in the form of buys and then go the direction we want.
Having some great success on US30at the moment - currently seeing the bulls take over and selling higher up, will most likely trade NASDAQ today as the soup looks cleaner.
thanks for all the support! Over 5000 PIPS caught already this week.
Both the DJI and the SSPX have been trading within this Descending Broadening Wedge since the year begun and both have shown Bullish Variables that have allowed it to hold above a Horizontal Support Level. In this time The Potential for a Partial Decline has made itself present on the chart but the SPX has yet to confirm the Partial Decline of the Descending...
$DIA Key Levels, Analysis & Targets
Some number’s I’m looking at. Sorry, not much of an explanation today… I’m tired LOL.
GL
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I have a huge tolerance...
The DOW30 went even lower from the strong support that it should hold and now will either do a small bounce, if not go lower and visit the key support area.
Looking forward to read your opinion about it.
The Green price level line represents the top of the macro range previous to the most recent all time highs.
My bias is that price action took a sharp plunge from Nov 8 - the beginning of December... Price quickly regained strength and bought back previous losses.
If price finds strong resistance above the previous all time range the tells me that price is...
