Dow Jones Industrial Average Index DJ:​DJI

For months I have struggled to make Elliott wave theory fit this Bear Flag rising channel but although 5 wave impulses appear within the channel, it is not itself a motive impulse, but rather, it is a complex, 7 or 9 multi-wave zig-zag flat corrective pattern "A-B-C". It also contains WXY components which we recently observed press index under 25000, as well as ...

Dow Jones forming ideal Gartley pattern. in which case it extends to 0.88% in fibonnaci to form gartley Negotiable, the collapse at any moment happens ... that's where we enter to make money What do you think?

Today we saw a further rally, however the pullback in the last 2 hours has created a shooting star candle on the daily, with the 4 hour giving the even more bearish dark cloud cover. The last few days have good size upper shadows to the candles which the Japanese call 'rising in agony'. Shooting stars are not the most bearish patterns so tomorrow is important to ...

After the strong reaction at the MP last week, a slow grind up towards the MR1 and WR1 is underway, which sit around the round number resistance of 26k. The weekly bullish reversal at 25800 also provides resistance so some pullbacks to daily pivots are expected. A strong reaction off resistance tomorrow or Wednesday could maintain the bearish divergence on the ...

Do not be drawn in to bull run or market crash talk every time there is a strong rally or decent drop. We are still moving sideways since Jan in choppy action after the yearly R1 was tagged. The pullback was contained to the DeMark pivot with the traditional pivot below as further support. Until we break this range by a decisive breach of one of the pivots we are ...

Trying just as hard as the 500 Index!

Here is a plot of the $DJI Dow Jones Industrial Average together with a concept I call "Key Earnings Levels" which plots the sum total of the prices where the stocks in the Dow reported their earnings. It has been a very useful tool to define support and resistance in this sideways, choppy market that has led to low risk entries several times this year. We ...

The 4H chart view for Dow Jones might be suggesting that an A-B-C potential flat still remains intact, even after intraday highs at 25720/30 levels today ( futures ). Looking at the entire wave structure from Jan-Feb 2018, the indie had dropped lower 5 waves to 23,000 levels, forming an impulse. The expected corrective rally turned out to be a complex A-B-C flat ...

The 4H chart view for Dow Jones might be suggesting that an A-B-C potential flat still remains intact, even after intraday highs at 25720/30 levels today (futures). Looking at the entire wave structure from Jan-Feb 2018, the indie had dropped lower 5 waves to 23,000 levels, forming an impulse. The expected corrective rally turned out to be a complex A-B-C flat as ...

Implications and Outlook A couple of matters which moved market segment early on Friday were the Turkish Lira: trading 5% smaller yet again and also Merkel/Putin meeting in Berlin. On another matter, Trump tweeted earlier the potential of the Securities and Exchange Commision (SEC) considering half-year corporate financial reporting as opposed to the current ...

In several of my posts I've noted that stocks and stock indices almost always have a bearish RSI divergence at the completion of their bull moves. I've discovered that this phenomenon is present at all time levels from monthly all the way down to the one minute scale. The monthly DJI is a perfect example of using the RSI to discover tops. Every significant peak ...

Traders, my bearish colleagues have persuaded me to take a second look at this channel flag. What I found is beary scary. For months now US 30 have been in correction charting a rising channel. My alternate Elliott wave analysis suggests this is an ABC large-scale correction and the Bear Flag is a long, strong B wave, nearing completion in August. For the ...

Extreme bullishness prevails. Vix- dropping off to almost nothing. What looks like a tiny Elliott wave 2 formed Friday AM but quickly dissolved into bullish enthusiasm. If this is the breakout move gathering strength, then the chart shows a possible course. I believe we may have entered minor wave 3 of the V(v) 5th wave already ('third-in-fifth wave'). I lost ...

Crowd psychology on the market: Disbelief Hope Optimism Belief Thrill Euphoria Complacency Anxiety Denial Panic Anger Capitulation Depression Disbelief

The daily chart view for Dow Jones Industrial Average is suggesting that the indice might be completing an A-B-C flat correction (labelled here as (2) or (B)). Looking at the entire wave structure since early 2018, the Dow Jones had dropped in an impulse wave from sub 27000 through 23000 levels, labelled as wave (1) or (A) here. The subsequent complex corrective ...

Retrace. Conscious of the "M" reversal pattern as well. So Long would soon ensue.

Dow has charted a hammer spike candle formation with massive reaction after. Hope you got to play that round from earlier posts! Now comes critical test time- breakout or fakeout? Failure to break channel upper trendline will lead to a precipitous decline- panic selling. Gann fan shows of the prior breakout attempts from the flag channel, in April/May and ...

My first idea on DJI was a bit simple but here is another idea with more details explaining why it might go down. Entry (Ideal): 25870 Target 1: 22380 Target 2: 21300 (not shown on the chart) Target 3: 21000 Time: Target 3 will be around early November this year Stop loss: Above the resistance arcs. Arguments: - 3 different Gann Squares says the same: All time ...