DOW JONES: Final pump before correction.Dow Jones turned bullish on its 1D technical outlook (RSI = 59.241, MACD = -34.600, ADX = 33.114) after more than three weeks as it smashed past our target and even crossed over the R1 level (34,150). The inevitable formation of a Golden Cross on the 4H timeframe, indicates that this sequence has one more High left to give on the LH and HH trendlines cross.
The 4H MACD Bearish Cross is very much like October 12th, both took off on a Double Bottom Bullish Cross. This is our last short term buy (TP = 34,500).
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DJI - Horizontal Trend Channel🔹Break upwards through 34200 points will be a POSITIVE signal.
🔹RSI curve indicates a rising trend, indicating potential upward trend reversal for the price.
🔹Technically slightly negative for medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
DJI - Horizontal Trend Channel
🔹DJI is within an approximate horizontal trend channel in the medium long term.
🔹A break upwards will be a POSITIVE signal, while a break downwards will be a NEGATIVE signal.
🔹DJI is testing resistance 34100.
🔹Technically slightly negative for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
DJI - Falling Trend Channel [MID TERM]- DJI is in a falling trend channel in the medium long term.
- This signals increasing pessimism among investors and indicates further decline for Dow Jones Industrial Average.
- DJI is testing resistance at points 34100.
- This could give a negative reaction, but an upward breakthrough of points 34100 means a positive signal.
- DJI is assessed as technically negative for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
DJI and Bonds: Get your popcorn ready. In this short video I focus on the UK and US 10 year bond markets in comparison to the DJI.
All these markets are linked up in the background - at the speed of light.
There are no predictions here - only probabilities and speculation.
High volatility is expected at the opening of the markets tonight, 16th Oct 2022.
Some are predicting a 'Black Monday' type event next week, which doesn't have to happen on a Monday. I take no sides. I'm only protecting my losses in short positions and happy to let winners run.
Stay safe, wash your hands, protect your positions, don't burn your accounts. 😁😂
Disclaimer : This is not advice or encouragement to trade securities or any asset class. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on speculative opinion expressed here or on my profile and you lose your money, kindly sue yourself.
US30 ShortHey traders, in today's trading session we are monitoring US30 for a selling opportunity around 32900 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
DJI: Why it could go southIn this video I pay attention to 2H and 4H time frames, updating my previous video. I also compare momentum in the 2020 crash with the current picture.
In particular I look compare squeeze momentum and RSI patterns in both periods.
There is always 'hope'. But hope doesn't rule against market crashes.
This is one hypothesis - not a prediction.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
USA - Bearish Outlook - Part 2FOLLOW SKYLINEPRO TO GET UPDATES.This is the second post of 3 on the analysis of US economy and stock market. Top left we see the interest rate spread (3-month minus 10-year US Yields): a leading indicator of problems ahead is when this yield spread inverts down after coming up from the zero line. The real trouble occurs when it uninverts after reaching a low. Bottom left we see divergence between new house sales and median price for new house sales since April 2019, whereas sales was increasing while prices decreasing and since Jan, 2020 both metrics aligned in a downtrend. Middle top we see the PMI which is a leading indicator of recessions and we are in levels reached in 1991, 2001 and 2008. Middle bottom we see PPI index, showing a deflationary scenario as it has been trending down since late 2018. In the top right graph we show another interesting indicator, which is the relation between consumer discretionary purchases and staples. It has been decreasing since late 2018, showing that consumers are holding discretionary purchases, an indication of inversion in consumer mood. Bottom right you can see the Initial Unemployment Insurance Claims history and it reached the amazing level of 10 times higher than any other past crises since the beginning of the series.
WARNING! Kill zone ahead - S&P 500This is not a prediction. I don't do predictions. The setup is only a probabilistic estimate based on a reckless disconnect between market sentiment and fundamental reality. It's probably the most reckless in history.
For every probability estimate in one direction - NOTE CAREFULLY - that there is a residual probability in the opposite direction. So if for example one thinks there is a 60% chance for the south, then there is a 40% chance for the north. I am not saying the S&P500 has a 60% chance of falling south from the kill zone shown. The best I could do is 51% - which means 49% chance (in my mind only) that it'll bust north.
I always make potential losses very prominent in my posts.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
D-JONES, Bearish H%S Confirmed, These Are Imporatant Levels! Hello, Traders Investors And Community, welcome to this fundamental meaningful analysis about the current situation facing the DOW JONES INDUSTRIAL AVERAGE INDEX which is beside the SPX 500 and other indices one of the leading to represent the economy. As I mentioned already in past analysis about the SPX 500 the overall bearish bias in which we are trading should not be ignored and therefore we can expect heavy selling pressure to the downside the next time minimum on the short-to-middle-term basis. If you did not see this analysis already I recommend that you watch it to have a better overview of the current events happening in the stock-market:
Great, when looking at my chart we can see that DJI formed a confirmed bearish head and shoulder formation on the 4-hour time-frame. You can see the neckline marked in blue in my chart which is currently clearly crossed to the downside. Now there is a logical minimum target of the head and shoulder formation in play which is at the 22300 levels and confirms the overall completed head and shoulder formation plus target. Overall we can expect this target to be reached within the next price-moves as you can see it in my chart. After that, we can still anticipate more selling pressure at least testing the overall support-levels we have down there, the next significant support is at 21500 which you see marked in orange.
What is important to keep in mind is that the range between 20550 and 20960 is a paramount level to hold for establishing a further upward movement, when we break down this level there is a consequential possibility given that we will see lower levels because under that range there will be a high selling pressure, it can go as far that we test the major low at 18200 when this level is broken there is not much probability given that we confirm a bullish bias which exceeds in a new high therefore this scenario shouldn't be ignored. Overall we can say that when we hold the support in the range we can still move higher at least taking out the highs in the structure but this has to be confirmed properly otherwise there is still more downside to expect.
In the long-term perspective, the overall bias for stocks looks still bearish and there is not much possibility given for a continuation of the bull-market seen as before because the market was highly overbought and the world-economy still not recovered from the corona-shocks on the markets and many countries still struggling, we just need to look on the smartest investors like warren buffet who are bearish therefore it is good to focus on anticyclical investments like pharmacy, food or gold which can develop an up-trend and growth as profiteers of the current corona-crisis. In the next months, we need to acknowledge that a second wave of the pandemic can come which will cause serious economic damage, as traders or investors we need to prepare ourselves for that scenario and the rumors it can cause on the markets and its overall bearish shape this means to do not get overly bullish on the current snap-back and watch the situations further development.
Thanks for watching, support for more market insight and all the best!
Markets are a mixed favor in the modern economy.
In this manner: FAREWELL
Information provided is only educational and should not be used to take action in the markets.
#US30 #DJI #DowJones Full Weekly Analysis & Trading PlanTraders, US30 has been moving as I predicted and expected. Now this current level is critical for the price. I am expecting a downward movement. Here is my analysis and trading plan. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge.
Have a great trading week!
Dow Jones - more losses aheadDJI continue its way down on intermediate wave 5 of corrective primary wave A in the current main scenario. The alternative scenario as of today is that intermediate wave 5 has finished, if this is the case, there is a possibility that wave A up had not yet finished, to monitor for this look at the resistance line at the high of March 26 in the next days. in any of those cases the mid-trend continues down. The upward move since March 23 reached 0.382 retracement of its move from Feb 12. If we are in the first scenario case, DJI should drop around 20% up to April 17. FOLLOW SKYLINEPRO TO RECEIVE UPDATES
POP! GAME OVER! 🤐😉The DAX has definitely popped! Some say that the Federal Reserve and the ECB will un-pop what has been popped. I have serious doubts about that!
When I was a child I tried sticking back my bust balloon with sellotape and blowing it up again! It didn't work. I think the FED and ECB will be taught the same lesson. They may blow some hot air of cheap money back into the balloon but I can't see this re-inflating to health any time soon. I apologise to the bulls.
DJI LONGDJI is expected to RISE now.
There are many reason why we feel it may RISE.
01. It is taking support at quarterly levels trying for a big jump.
02. Bullish engulfing in daily Chart.
03. May reach weekly target 16326
04. Stoch RSI (3,3,14,Close) states it may rise.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is also rising.
Keeping all the above indicators in view along with the chart pattern we expect it to rise. Our sell call shall be from Long above 16082. with a SL @: 16015 Tgt 01: 16252 Tgt 02: 16326 We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.