This is the map for Dow Jones Industrials (tickers: YM1!, US30, DIA, DJIA) the next 30 days or so.
Notes: If you followed the DOW trade, please note that I started with a 10% entry and kept it 10% at each entry and DID NOT TAPER UP. This is because I could see it go up to 27200 without having the evidence to say it was likely to.
After 8/11 or 81/2, PRS...
OK. AFTER 3 ATTEMPTS TO SHORT THE DOW. WON ALL 3 OF THEM BUT CHECKED OUT EARLY BC IT JUST WASNT RIGHT. 4 TRANCHES NEXT WEEK TAPERING UP: 10%, 20, 30, 40 FOR M T W R. FRIDAY IS NFP. PRS IS PICKING UP A BAD SITUATION FOR EVERYONE AND EVERYTHING. THE WORST BEING SILVER, DOW, AND MAYBE BITCOIN.
Will update with time.
Dow Jones Futures Index made it back above 26695.25
The Index has breached a critical level at 26695.25 after bouncing back at 25979.25 and crossing over 26337.25 within three trading sessions. These moves were captured by my support and resistance indicator, which is automated to highlight the current level and also predict the future support and resistance...
Dow has yet to break new high while the Nasdaq (Nq1) has. This cause much worrying ahead as the divergence has been widening.
Back to Dow, the 4hr wave analysis which I posted earlier has confluence with the larger time frame wave analysis
AFTER NAILING 2 DOW SHORTS IN LIVE TESTING NOT NECESSARILY "BIGLY", PRS WILL ATTEMPT TO DELIVER A MASSIVE WIN IN THIS HAT TRICK. DOW IS IN VERY PRECARIOUS POSITION. PIVO LOOKS TERRIBLE COMPARE TO JANUARY/FEBRUARY HIGH, IMPLYING A LOT LOWER THAN 25K, BUT LET'S NOT GET GREEEDY.
Here was first...
according old history DOW,DAX,SP500 in july and agust must be zigzag ,,,,,so you must sell in up ,buy in low
BOYS TO SEE NEXT TREND USE CCELARATOR IN 240 MIN , WHEN IT IS RED,,,LOOKING FOR SELL ONLYYYYYYYYYYYY
This is PRS's second move on the Dow Jones Index. It looks weak, but not quite ready to die. Shorts should wait until Monday night. If you're conservative, just wait until point C. At C, the DOW is a HIGH VALUE SHORT.
As always, will add more when I'm free unless these women take up all my time.
With DJI rising fast, NQ slowing down (falling at the time of writing / suddently the weakest index) and VIX showing some strength at the same time, it might be that we're just waiting for DJI to hit it's target.
The Index is maintaining its upside after completing a double three on an hourly chart. As such, we should see further upside to form sub-wave C of the 2nd wave. Selling zone remains at 26,9xx - 27,106, which is at wave C. July we will be seeing a grand sell down of the wave (iii)
I think this move comes down to favorable relief/stimulus measures from the Senate this week. If a plan is passed that is capable of keeping folks in their homes and we can continue to build confidence in the COVID recovery, we will see a positive breakout. However...if the stimulus plan is too weak to stem foreclosures and evections, or not provide enough cash...
This shows an expanded flat. The drop in March was very fast, and there really wasn't that much divergence, so I think we drop one more time, we may not take out the March low, but we will have a big drop.
Update ONLY - Intermarket Spreads index ETF commodities etc /
I am still in forex spread with correlated CHF and EUR and AUD versus NZD.
So far so good. I am making profits on a regular basis in swing trading.
Intermarket Spreads index ETF commodities etc /
I am not closing anything yet. I am adding as we go along and i will change my size...