29000 COULD BE THE MOST IMPORTANT NUMBER IN THE WORLD!Get ready! There are only two directions for price; UP or DOWN. In this screencast I show why the zone around 29000 could be the most important. See the broadening wedge. Price could go either way.
If you believe that the FED and Mr Trump is gonna save the world, go long at 29000. If you believe a crash is coming take a short. If you believe 29 is a prime number of importance - act on it. :)
Friday is not a good day for a crash. So if one has to happen it's better on a Monday. Hmmmm.. crash? What am I talking about!? Some may have heard about that a plane was brought down allegedly by Iranian missiles. This is in the news. American forces tracked a missile from Iran exploding near the location of the plane. An explosion was seen by the military. Remnants of a missile identified as Russian Tor M1 photographed near the crash site. Mysteriously, the supposed missile disappeared and then we're told it was never there. Obviously - it was photoshopped in - innit! I believe anything I'm told - right?
Boeing shares rose on news that it was probably a missile that brought down the plane. Nothing surprising there.
Anyways, Friday is not a good day for confirming that it was a missile (and I'm not saying it was). Monday - watch out.
Disclaimers & Declarations: I've reported only information that is well in the public domain. I do not have any information other than reported facts. I have no way of knowing what reported facts in the media are the whole truth. I have made no political statements. References to Iran are part of what is in the public domain. I express no opinions other than what these matters mean for the markets. As usual this is not a recommendation to trade securities. If you lose our money, kindly sue yourself.
Wallstreet
Dow Jones: Bearish divergence on RSI.DJI managed to recover the drop that (marginally) broke the 1D Channel Up resuming the bullish technical action (RSI = 64.012, MACD = 186.600, ADX = 46.489, Highs/Lows = 130.1071). The RSI on the 1D chart is on a bearish divergence though and the last two times that happened the index dropped -3.20% and 5.13%. If the current bearish divergence follows the same patterns then we are looking at two downside targets: 27,965 and 27,400.
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AND WHEN MARKETS PANIC AFTER GOING WILD!The DJI was dented significantly over night by three main events:
1. Trouble in Iran.
2. China - withdrawing some companies from the LSE
3. North Korea - powering up to cause America a headache.
There was panic selling in the middle of the night which started with the news on Iran.
Important trend lines up to 2 hourly were penetrated.
Could this be the pinprick that pops the bubble? We'll only discover - after the pop! LOL
WHEN MARKETS GO WILD! The DJI, S&P500, Australia200 and the DAX all went wild today.
No predictions in here. This is just the big picture of the daily time frame.
I have to say that I am totally surprised by the DJI pump north. This markets is highly overvalued something like 17-19 times that of fair value for stocks comprising it. I won't go on much longer about that, we've seen markets go wild before e.g. dotcom bubble.
Theory of curves and rising wedges failed here. These things do no rule markets.
The FED has given the implicit guarantee, and the big boys took the markets well north.
There's QE4 and soon QE5 coming up. So north is now the greater probability. I'm out because this is a highly unstable situation. Oh - but it's not QE because the FED says so - riggggghhtt! LOL.
The POP is coming - and everybody wants to know when. Look, it's like bad weather. You can see the storm clouds gathering but you just don't know when the heavens will open on you with a downpour.
DOW GOING TO 30K OR BACK TO 27K ?US30 price is in a wedge pattern but it's not yet enough conirmation to sell it. So,we will wait for more conformations. Please give a follow to get the updates on time :)
In H4, we will wait for an impulsive move to the downside and trade the pullback.
H4 :
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
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Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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WMT Nasdaq running on steam while fusion is available WMT has been on a parabolic bull run, yet no trend can be observed it seems to be ‘running on steam’ This is supported by the CVI, with less money flowing into the nasdaq composite, hence momentum decreasing. OBV shorts and longs both increasing and volume RSI seemly absent for the past 46 years. The fusion I talk about comes in the form of digital currencies and their ability to alter the industry. Gold can be seen to be steadily increasing which is historically strong within a recession.
Dow Jones: Update on the short term price action.Following Trump's phase 1 trade deal tweets, DJI rose but the uptrend stopped on the Higher High (bold black) trend line on the 4H chart. With 4H technicals turning neutral (RSI = 56.131, MACD = 85.700, Highs/Lows = 0.0000), this may be an early signal that today's High may deliver a rejection.
How far can that go? The previous two Higher Highs delivered a rejection of -1.50% and -3.00% respectively. The sequence can be either 1.50% lower on every rejection or double the decline of the previous one. Assuming it is the first, more moderate scenario, the potential drop goes as low as the first two symmetrical Support levels: 27,110 and 26,915.
It is important to mention at this point that even though Dow Jones is making Higher Highs on that pattern since November 19th, the RSI sequence on 4H is actually bearish on Lower Highs indicating weakness.
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BLACK FRIDAY REVIEW OF DJI Recorded from my laptop in a lunch break - so turn your speakers right up.
I'm stalking the DJI carefully for any sign action. This is a market built on hope and false confidence. It can't go on forever.
Disclaimer : This is speculative opinion - not advice. If you trade this market and lose your money, kindly sue yourself.
Dow Jones: 4H Death Cross. Potential minor or major pull back.Dow Jones futures have so far failed to recover the 28,200 All Time High and has turned neutral on 1D (ADX = 17.288, CCI = 8.0129, Highs/Lows = 0.0000). On the 4H chart we see a Death Cross formation emerging (MA50 crossing below the MA200). Within the monthly Channel Up we've been trading in for the majority of 2019, every time a 4H Death Cross emerged, the index gave 2 major pull backs (May, August) and 1 minor (October).
Given the fact that the major pull backs took place after tops on the Higher High zone (red color) and DJI marginally touched that region on the 28,200 High, we assume that the current pull back will be a major one (around -7%). The Target Zone on this one is 26,600 - 26,180.
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More room to go for NASQ, will we see 10.000 Points soon?
In my opinion we got a whole lot of space to the upside and the fact that the majority of private investors are planing on a big crash, might take the market even higher.
The analysis on the chart would like to see the price reaching around 10.000 points in 2020. Cheap money will extend the growth.
Just my Opinion so make your own research and never forget to always be prepared for the unpredictable.
May the markets be with you
EURUSD trading levels for next week. Dollar shows strength these days. We are in the lower part of the bollinger bands. The bullish fork has been perfectly respected in recent weeks and the median has been a strong resistance in recent days. it is possible to see a fall to the base of the fork in the coming days, with attention to the static levels 1,099 the lower band of the fork and the lower band of bollinger. This method allowed me to perform all the winning operations this year making a lot of money.
REVIEW: DJI (Wall Street), DAX and nuclear options. I've looked into the DJI and the DAX because they are connected. I also considered events affecting the Hong Kong index. In the text below, I consider China's 'nuclear option'.
Overall I'd say the probability is greater for the south on these indices (from this point in time). But caution - because there is a residual probability for the north and I can't know how far south the markets may go if the markets are with me.
These are very troubled times.
1. The markets are overbought because of QE4.0, lowering of interest rates and high hopes about a China 'Phase one' trade deal.
2. But there is trouble in the Hong Kong Stock market.
3. POTUS signed the Hong Kong Democracy Act which could cause the Chinese to retaliate in some way (nobody knows how).
The 15th of December 2019 is an important date on which $160 Billion of tariffs on imports to the USA, get lumped on China or they are withdrawn. If the tariffs are withdrawn, expect markets to head to the moon (stupidly). If the tariffs are applied, expect a correction of some sort.
Bond troubles
In other trouble China has begun the so called nuclear option of selling off US Treasuries. Note that Treasuries are bonds, which means that money is owed to China by America i.e. they represent a debt owed by the US.
Why would China sell off US Treasuries - which are debts owed to China? Perhaps because China expects the US Dollar to be worth less in times to come. It's like this - if I lend you money fixed in USD value, and then you decide to devalue your US dollar by various means, it means I'm getting back less value. For an exploration of Bonds go here .
China holds about $1.2 Trillion of US debt. A sell off of US Treasuries is said to destabilise financial markets. How - is a separate complex story. The point is that China's retaliation on the Hong Kong Act could be this 'nuclear option'.
The point of all this is that there are complex issues affecting the markets.
Disclaimer: Nothing shared here is investment advice or encouragement to trade in securities. If you lose your money, kindly sue yourself.