I bought long SQQQ $10-$10.50 May 24th to 31st calls this morning, if we hit 5400 i'll add. The VIX is bouncing as suspected at $12 and the S&P500 wants to dip below and confirm a 5300 fake out which was my bias and the DOW (DJIA) wants to do the same at 40k bitcoin is faking out above 67500 into an expanded flat pointing to my 63,300-63,500 short term short trajectory
#DJIA EASYMARKETS:DOWUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden...
The DJIA (US30) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 39,598.96 which is a pullback support. Stop loss is at 39,250.00 which is a level that lies underneath an overlap support and the 23.6% Fibonacci retracement level. Take profit is at 40,045.66 which is a pullback resistance at the...
Only Twice in 150 Years of US Equities has the Shiller PE ratio gone higher than the 1929 TOP 2000 & 2022 The Shiller PE is useful as it smooths out the PE ratio over a 10 year average ... very useful for forecasting. The financial markets have been perverted & all know this. The #FED can only print and save your Assets after a financial crisis appears on...
We are in a BULL MARKET so the risks are to the UPSIDE, one of an explosive rally as fund managers who have badly gotten the market wrong panic buy propelling the Stock market driven by #FOMO rather than reasoned analysis to far higher than people can imagine. New bull market highs should arrive during summer 2023! All whilst indecision reigns supreme on...
SPX is heading to new all time high by May 21. Invalidated if breaks below Apr 19 low.
I posted a similar video yesterday, but it was taken down because I screwed up the content. So, I'll try to post this video without messing up the content. The US markets (particularly the NAS100 - as shown in this video) will likely continue to move in a strong bullish price trend - even against the multiple divergences and other technical peak/exhaustion...
I wager #TECH is still the place to earn better gains going forward. It also doesn't carry the risk of #Financials and it is not dragged down by slow growth "stable" companies like utilities. Bleeding edge has always been the place to grow your money and with #AI manifesting itself for the next wave of user growth along with #CRYPTO you need exsposure to...
Those dollars that the US government owes must be inflated away! As paying back 33 Trillion dollars is not feasible in today's version of dollars. So they must be paid in even more worthless dollar currency units. If the US government stops spending they will send the US economy into a recession. They must continue to pump money into the economy and the stock...
The 2000 Top was still the "real" peak of the US stock market Built obviously on the expectation that the internet would change the world and teh global economy. This highlights how the market foresees the future and how market participants are forward looking. The #DownJones index is still 50% down form that peak on this chart you can multiple chart patterns...
DJIA (US30) could fall towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 39,065.38 which is an overlap support. Stop loss is at 38,500.00 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level. Take profit is at 39,598.96 which is a pullback resistance. High Risk...
The Dow Jones Industrial Average has recently surpassed the 39273 level, breaching the 61.8% Fibonacci retracement threshold, yet remaining below the 78.6% mark. Currently, the price has encountered a Bearish Order Block in a higher timeframe, suggesting the potential for a reversal, particularly given the overbought conditions signaled by both the stochastic...
The Dow Jones Industrial Average has recently attained a critical juncture, reaching the 61.8% Fibonacci retracement level. This significant milestone is augmented by the convergence of several key technical factors, notably including the Point of Control (POC) volume and divergence signals observed across various indicators. The confluence of these technical...
Dow Jones (DJI) gave a solid short-term sell signal on the MACD Bearish Cross last time we analyzed it on the 4H time-frame (April 24, see chart below): Similarly, it is flashing a strong buy signal now after the 0.236 Fibonacci rebound that keeps the price action above the 4H MA50 (blue trend-line), in similar fashion as September 14 2023. The 4H MACD even...
DJIA (US30) has made a bearish reaction off the pivot which has been identified as an overlap resistance. Could this index continue falling towards the 1st support? Pivot: 67,959.86 1st Support: 64,549.56 1st Resistance: 71,123.59 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
DJIA (US30) is rising towards the pivot which has been identified as an overlap resistance. Could this index stall around this level before potentially reversing to drop lower? Pivot: 38,546.69 1st Support: 38,025.73 1st Resistance: 39,042.57 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
PEPPERSTONE:US30 It may go down a little further, but it is now in the support zone. Looking for a swing trade here to about the 61.8% Fibonacci Retracement. RSI is oversold.
Dow Jones (DJI) hit the 38050 Target that we set on our last bearish call (March 28, see chart below) and broke below Support 1 (February 13 Low) and the 1D MA100 (green trend-line): The price now faces more selling pressure being below two MA periods and with the long-term Channel Up (started on the October 13 2022 bottom), having considerable downside to...