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Fibo 0.62 retrace from Mar/Apr lows to the Sep high intersects lower support trendline at 24750. Lower is possible, but... just sayin'.
See Chart: res ipse loquitur.
The downdraft should stop and pivot somewhere between the two support lines in chart. Should. Might.
Expect a 0.50 retrace up from the pivot before next move.
Expect another flashcrash to test the ...
Badly oversold. In the chart. Expect some retracement of Wedsday meltoff.
This not investment advice just an idea, good luck!
Chance the bull will continue soon look how it grinds along the trendline. Dangerous place to short in my humble opine. Just sayin. Good luck!
This post purely educational not advice. Trade at your own risk!
Dow finding support near the trendline risky to short now could bull out of downtrend or break further on more news surprises all risky atm, be carefull!
If it breaks under probly won't be real hard; support at 26100 would be a long opportunity. Last break to 25800 could retest but who knows?!
Trade at your own risk this isn't investment advice, good luck!
Looks like the bulls are not done yet. This EW model projects a possible new high for Dow. Not saying it's going that far but it sure could.
Any hint of a positive comment or encouraging word from FOMC this week about future rates will ignite another leg up on this breakout rally.
They are buying the dips. Monday's grind off took index down to weekly support, ...
See the chart. See my bearish Gartley chart. Tariffs + FOMC rate hike + midterm elections = serious pressure on equities. Just starting down...
This is not investment advice. It's pure guesswork, trade at your own risk.
Dow index has reached 1.618 Fibo on B-D arm 9/14 when pattern is drawn from closing price tops of candle bodies. A previous idea of mine showed it from top of wicks.
This is necromancy, folks. Somewhere in between lies reality. Expect to see that on Monday or perhaps Tuesday next week. Should arrive Thursday at the latest.
Target zone for pivot is depicted in ...
Fourth press up to the line, pushback for a series of lower highs over past week. Bull trap. Expect correction to continue sharply soon.
This post for education only, does not constitute investment advice, trade at your own risk; good luck!
Last week's downleg was too deep and overlapping previous waves to be a '4'; the high on 29 Aug at 2916 was therefore the end of a (v); and we are in an ABC down trend.
The pattern is more evident in US 30- see related post. Here Sand P formed a narrow descending chop channel, tightly defined, which appears to have found a bottom around 2864-2870.
Fibo 0.618 ...
This is a complex ABC correction coming off the August highs. Did not quite get to the Gartley Fibo at 26268, but within 100 pts of it for Fibo 1.55 will have to do.
There is a clear corrective 5 wave impulse evident in the A down leg, which is an organized, complex actionary impulse (labeled 1-2-3-4-5). This is not like the WXY pattern we saw in early August, ...
Starts to look like US 30 might fill the pattern in this bearish Gartley model after all.
After 3 days of hard selling, pressure may abate and we ought to get a lift off the pivot at 26000, we saw strong resilience in US 30 over past sessions. In past two days, pattern of fierce selling relieved by bargain hunting in the afternoon. It appears that rotation is ...
Reasonably confident these wave counts are accurate. It's more art than science. Look at Mark Rivest's counts , he is even more optimistic than I am:
We've got a triple combo 5-V-v wave forming off the shallow 4th wave last week. My Fibo projection for the last ...
After a shallow brief wave 4 now in progress expect higher again for a week or ten days.
Wave could carry Dow back to Jan high or perhaps a bit shy. Should get within 2 percent.
By early to mid-September we could see Dow reach a new alltime high, although it has lagged Sand P and Nasdaq is a real bubble.
Market was forming a smallish wave 4 when the Donald ...
Never expected, no idea now, gosh...
Reached 2903.77; precalled 2903.5 the night prior. Pretty snug fit- right at trendline.
Expect some pullback to fill the gap up from 2875 and possibly to lower S1 support at 2862.
I would be be cautious for Bear Traps, don't get caught in the pivots!
This is not investment advice it's purely an educational post, enjoy!
Demark pivot R1 at 2907. High trendline intersection in bear (bull?!) flag at 2903. Bullish algos- can they drive it through resistance to break up?
Now we have a double-double top and three drives to the top. Have been fooled before but this sure looks overbought.
Maybe going to the Moon... or headed for a timely pivot reversal.
As always this is not ...
1.618 Fibonacci extension line on the Bearish Gartley pattern intersects the high trendline, Demark pivot resistance and completes the Gartley pattern at 26268.
Look out for the usual patterns- shooting stars, Pin Bar, H&S if we get them as clues. None to be seen anywhere 8/27 all day so it's probably going higher.
Just a best guess. Good luck!
This post for ...
US 30 traded below Tuesday high of 25888, closing 98 points lower than 8/21 high, failing to confirm Sand P new alltime high on 8/24.
The zig-zag pattern is evident on chart. I marked this one as a more complex ABC structure as a 5 wave reaction (ABCDE) is evident in A wave.
Combined with bearish Gartley pattern confirmed 8/21, this latest rally attempt looks ...