DJA respected trend line resistance and appears to be forming a double-top pattern the first target is 10850. If the 10850 support line breaks down, we will have a bearish signal
Symbol: DJCFD:DJA
Indicators
Lag RSI
My Opinion: Recovering
Comments: Dow Jones slid hard but the overall market looks like it was able to shake it off quite well... The Dow Jones could easily lead the market on the downside if it's not able to pick up pace.
📈 What are we seeing at the moment? The SNP 500 index broke through the resistance line and headed up! Our "four screens" system gives a "buy" signal. You can see the levels on the chart.
Let's remind you about the rules: a maximum of 2% in the risk transaction and the need to have a system, as well as a plan to exit the position (we will not write about this to...
Times like these where we are up 1000 points and down 1000 points generally are followed with a huge move "usually" in the downward direction.
Look back at 2008 , 2000, and 87.
Not "professional advice" of course, just saying to be careful as we dont know what more there is to come from this virus.
trade war disputes and market outperformance US vs rest World .. US trade resolutions as the chart suggest, when us trade deficit is shrinking, the rest of the world ouperform the us markets...
bubbles left right and center. crypto, housing, cannabis. be ready for a great dip. probably the greatest buying opportunity of our lifetime.
everyone saying buy the dip but eventually, but that doesn't work out so well every 10 years or so
This is a graph of the Dow Jones adjusted for the strength of the Dollar. As you can clearly see we were riding pretty high for a really long time, maybe "The Greatest Bull Run" of all time, but all good things must come to an end.
DOWC is in a key level, the previous top. There is a bearish divergence for a possible retrace. If the price breaks the previous top a strong wave up can begin.
I know most of you guys are aware of such,
yet, i tried to categorize the significant similarities of distinct behavior phases of DOW Composite, throughout the last two loops..
If the blue arrowed far-east originated falls are not a coincidence, we might already have seen 'the roof' of the decade..
,and a downfall may be witnessed by the end of this year.. (or...
A weak daily closing below Monday’s high of 6344 could be a signal the index has completed basic 5-wave structure.
A weak closing on Wednesday has already signaled a bearish price-RSI divergence.
Bears should observe caution as selling is likely to gather pace only if the daily candle closes below 6344.
Intraday dips below the same followed by...
