To me it looks like Friday was the top. Monday sold aggressively down, followed by Tuesday a consolidation near the base/lows and a pullback to the 50% mark.
This up channel is looking to break soon. I have market two green lines.
The first one is the entry short using the daily timeframe. If price eliminates this green daily candle.
The second one is my...
The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity indexes
Still sticking with the bullish trend on the short term ( 1 Hour ), I will be waiting for pullbacks into my support zones of 1 & 2 areas. The 1 hour's 200sma is flat which tells me range. Whether price works the low or the high first is key.
My stops are always 40 ticks and targets are 85 ticks.
Last week I only took 3 trades. 2 winners and 1 loser....
E-mini Dow Jones ($5) futures are derivative contracts with the Dow Jones Industrial Average (DJIA) Index as an underlying asset. These mini futures are electronically traded and give investors exposure to the US stock market through 30 US blue-chip companies, but they represent only a portion ($5) of standard Dow Jones futures, which makes them more accessible....
I am expecting another 7 trading days of bullishness to reach its measured move of 39,275 area.
Price is bumping its head up above the 3-month chart's trend channel in this new secular bear market. This whole rally was a bearish rising wedge on the monthly chart. Before it can rally the whole 100% like I expect in 2026, it needs order flow and the slight...
Now that January monthly candle has closed, I am awaiting an engulfment candle. I will place a limit order sell under the low of the green body of January at 37,775 with my target down at 21,600 with the intent of adding more on the way down. I am planning on a 37% sell off and have been a broken record on this for months because I firmly believe this is the set...
My prediction for the next move of the market will be a drop of more than 3500 points and then move up to complete the scenario mentioned in the previous post.
short djia as per the given levels shown in the zigzag waves , do remember to add proper stoploss that will be swing high + few more points - to avoid the hunting spikes .
This is my prediction of the market situation in the next few years...
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Remember this analysis to review it in the next few years.
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Hello bear market :)
The final push up in this spike and channel pattern. I don't know when it will resume the up move and from where. I also don't know what the top will be. I will trade the bearish break of this pattern. There is about 1000 points left to the upside.
I got in too early back on the 18th and will wait until it gets up to my levels.
Short Term Bullish until...
What I am seeing is a bull flag in a sideways range. It poked above and failed. Most likely pulling back into the half way point. Pulling back getting ready for the FOMC next Wednesday for a, more than likely, bullish FOMC. I believe we have one final push up before the 37% sell off down to 23,000.
I am currently short, notated by the orange line. I admit I got...
Short Term view on Dow Futures suggests rally from 10.27.2023 low ended at 38113 as wave (3). Pullback in wave (4) unfolded as a double three Elliott Wave structure. Down from wave (3), wave W ended at 37470 and wave X ended at 38038. Wave Y lower ended at 37298 as the 1 hour chart below shows. This completed wave (4) in higher degree. The Index has resumed...
My personal gameplan on how I am tackling these sideways choppy markets.
First, I will sell this 37% sell off that is about to occur February 20th
Second, I will buy for the explosive short squeeze 60%, wait for the dip and buy off the rising wedge bottom for another 12,000 points
Third, I will sell the upcoming 49% sell off on year 2029.
Finally, the bottom...
This is going to be a repeat of my prior post as I now have more up to date information on the 37% dump that is around the corner. It will be hard for me to thouroughly explain what it is that I am personally seeing but I will try.
First off, I am basing this entire thesis on 1969 as price action is lining up near identical. I first noticed this back in...
Price Action:
It is time for the monthly price to get back to the mean reversal where the Weekly open/close is inside-bar (but broke the low). Price hovering around the inside-bar is prone to break on either side.
On the Daily structure, we have 3 days of Dojis, bearish engulfing followed by Gravestone Doji followed by two days of bearish doji and the price is...
Anything can happen tomorrow. I am only making this post as a personal skill development of trying to improve my strategy and try to figure out what the market tries to do. I may be completely wrong and I am ok with that. I will react to what the market does in the moment. This is mostly a thought experiment.
