!!:!! Research Presents, DJI Forecast (May-Nov 2019)History rhymes.
Forecast consolidation zones through November in the DOW.
Bulls be patient. Bears stay out of the traps.
1111research
FOLLOW ME - "THE IDEA YOU"VE BEEN WAITING FOR" 3.2Good sign in the strength of the reversal (so far) today.
Correction (so far) has played out within an acceptable range (long positions).
Risk Management:
1st Bell: EMA & SMA cross down (-) (TRIGGERED)
2nd Bell: cross below 200D SMA -1hr freq (Early Exit Longs)(False Bottom Watch)
3rd Bell: cross below pink line(s), signals retest of previous trend lows (False Bottom Warning)
Forecasting Tips:
1) look at the current price position and compared w/ 18 day trend line
2) look at the then 8 month trend line compared with current position and trend
3) evaluate micro & macro state of order book (bid/ask)
...you be the judge :)
Happy Forecasting!
PS please feel free to add supportive / constructive comments for value added education and sharing.
Sincerely,
11:11 Research
FOLLOW ME - "THE IDEA YOU"VE BEEN WAITING FOR" 3.0Make or take a long flight, catch an updraft...
High surf and flood watch expired.
FOLLOW ME - "THE IDEA YOU"VE BEEN WAITING FOR" 2.0Must hold first resistance line and break above 7,100.
Caution: high surf and flood watch.
