Calling the Coronavirus Bottom on Dow JonesHave to expand the top left pane in the chart to view the DJ notes properly on the chart. Below images will save you the trouble. :)
Dj
Investors are ready to jump from the window!!Market will crash or have a strong correction soon, watch the new please...
Black swan. Biggest shift of wealth in human history.Hello guys.
Just a few words for everybody too lazy watching the video.
We had the most crazy week in the stockmarket since many decades. The dump was violent.
Banks will fail - or at least the small banks will. Big banks might survive the financial crisis, but the world will never be the same.
Cryptocurrency will rise since it is the better money.
If you want to get rich. Just short everything you can - with reasonable leverage and never trade money which you cannot afford to loose. Ofcourse speaking of stocks and indices.
Keep in mind.
Health is more important than wealth.
(I always said 6.18 and meant 0.618)
I want to keep these videos short, but never manage to do so.
I might just get back to charts so people don't have to watch minute long videos.
Until then.
With best regards.
Dow Jones Dollar Index is close to the Support/Resistance Zone!We can open Sell under the Support/Resistance Zone.
Reasons:
- the price can bounce down from $ 12353;
- it was four such bounces in the past with good risk-reward ratio;
- potential profit will be 3 times bigger than the risk.
Dear followers, the best "Thank you" will be your likes and comments!
Before to trade my ideas make your own analysis.
Thanks for your support!
Dollar Index (DJ DXY), The best place for open Sell...I will open Sell if the price will make a pullback to the Support/Resistance Zone.
Potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analyze.
Write your comments and questions here!
Thanks for your support!
Historical Analysis of the DIAHistorical Analysis and Monthly Chart :
The DIA showing Strong Major Bull Trednd with serveral interaction with the Return Line (RL).
Note the Pick in Momentum since February 2016 (or B3), the next Major bottom made above the Major Trend Line (MUT), and therfore showing the failure of the Bears to take the price downward.
But, we dont see strong sign of buyers either.
The DIA is inside big Consolidation that lasted for almost 2 years (since Oct 17).
Weekly Chart :
The Resistance Area between 265.88 - 267.53 Established in Jan 2018, the second attempt to go above that level accured 1 year ago (Sep 2018) and the reaction was very violent and took the price to far down levels.
Since then the price hit the Resistance Area 3 Times :
1) April 2019 - the price got into resistance reaction and made New High Bottom.
2) June 2019 - the price go through the Resistance Area, Failed to continue, and made new higher bottom bellow that level.
3) September 2019 (these days) - the price close above the area last week, but with relatively low volume.
We need to keep an eye on the price this week and look for the power of the buyers, how far they can take the price up (if any).
Notice also the Volume Activity in the Consolidation Area - Pickup on down moves, and diminsh on the Rallies - weakness .
Daily Chart :
The Daily chart does not give us alot of new information.
But we can see the Trading Zone (sort of Rectangle), and the price movement above it.
The Minor picture is Bullish.
Conclusion :
Since B4, the overall picture looks positive.
But the Key for understanding the coming moves relly on the reaction to the Resistance Area, and the examination of the Bulls Power.
Any High Volume Bullish Activity above the Resistance Area, can take us again to the Return Line (RL).
If we will see Second Failure on the Resistance Zone,we need to examine the power of the Beats, and the next areas to look for are the bottom of the trading zone, and B4.1.
If the Bears will act Aggresivley and take the price bellow B4.1, the picture is very negative and the next level is the MUT.
[Dow Jones DJI] July 11, 2019 - ALuoTradingJournalEarlier back in May 16th, 2019. I made an analyse of dow jones.
The analyse was, during that time the price was around in the 25758 (Recorded with picture on another app in different language), and the last resistance seem to be roughly around 27150 for short position and making a short position anywhere near 26580. Aiming to go for 25570 as the first aim, and 25300 as the final destination aim.
Speaking infront, this is only if it does not break the resistance level I have set for myself, of 27150. Elsewise, I will close my trades with short position with dowjones
I have also put an order on the TradingView demo to test it out at current price, with the same aim of Stop loss and Take profit, and will see how it goes.
I just reailsed TradingView uses "Units" as the quantity size, and I may set a bit too small for my gold analysis. But oh well. Will see how the result goes, that is more important and see the success rate.
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
And Down She Goes!!Recently I published that bonds were going up, which could indicate a possible crash in Stocks.
Here is the Bond Long trade I posted:
If you are in PUTS for SPY/ DIA, i would recommend hold for longer.
Enjoy the profits.
-Shaggad
DowJones is strongly bullishDowJones is strongly bullish and is now focusing on the area where the absolute maximum recorded in 2018 is found. With the break of resistance it is rising to around 26600 points.
The price should not face obstacles, is now reaching again 26900 points. It will going to try to record new historical highs. In fact, fundamentally, the FED's stalled monetary policy is leading institutional investors to hold long positions on US stocks. Is also driving every other major world indices.
In the very short term.
Wednesday at the FOMC meeting we can wait for the decision on the interest rate, which in all probability will remain unchanged. Monetary policy will not change in the immediate future. We expect that in the next sessions the US indices will reach historical highs. We recommend a long entry with 26900 points target.
The American indices are once again pushing upwardsAll of them break the key short-term resistance. After having passed that period of weakness characterized by bearish sessions, as we expected after Powell's conference. The three downtrends, which were due to start on March 20th post-FED, did not reach the respective support areas where we had hypothesized the target zones. As regards SP500, when price was at 2820, we had identified the possible target at 2640 points. While the descent stopped at around 2780 points. Same thing for DOW JONES, it hit the SL. NASDAQ, which should have retraced from 25750 and 7370 points to reach the support levels set at 25000 and 6900 points, stopping however at 25340 and 7250 respectively. These descents would have had to last many sessions (forming a mini-trend in the short / medium term ) having been reabsorbed in 4-5 sessions. It is very likely that now the prices will go to reach the successive resistances. Those are placed behind of the absolute maximums to then again suffer a bearish attack. Always towards the key supports mentioned above.
To summarize: we expect a continuation of this very short-term uptrend. Targets on the static resistances placed respectively at 2906/2930 points (SP500), 26700 (Dow Jones) and 7660 points (Nasdaq). We enter on a long position on the SP500 with target the first resistance set at 2906 and we keep it in the portfolio for a few sessions. Our opinion the main trend must undergo a reversal because of the fundamental configured scenario.
Lots of energyI see a lot of energy in this market. Price action has once again pierced a long term resistance level that originates at the 1987 high and takes in the 2000 high (thick red line).
Technicals on the monthly still have to fully unwind.
I will wait to see whether the DJI makes a higher low in the next cycle bottom or whether it breaks down lower.
If it makes a higher low, I expect a run to the upside.
Social, economic and political developments globally still favor the United States as a safe heaven for capital. Just not debt instruments but, rather, the stock market and/or sheer cash US$
DJ destination The price is going towards an important resistance area: between 24700 (EMA 200 periods on daily tf) and 24900 points (highest price of the last 4 months) there are resistances that in case they should reject the attempt to break on the upside, they will start again a sales phase similar to that of December.
So far, the price is destined to test that area, but, based on the fundamental scenario that is being seen in the United States, it is very probable that from those levels investors will return to bet downwards with short-term targets towards the identified support from 50% of the Fibonacci retracement at about 21200 points.
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champions league of .... crash ^^it was difficult to foresee a possible forex reaction on world cup result, unless the winner were the sole user of its currency (case of brazilian real), but regarding the stock market, the french CAC40 having no positive reaction at all to this means only one thing: big players exactly know where it is going to go and have already loaded their bazookas. in one word, big collapse very soon (matter of days only) for the CAC40 and everything else ...
DJI With Death KissWeakly chart showing broken of ascending trend line, closing under the trend line is a bad signal..
DAX GER30 backtesting bearish trendline - still SHORTDAX GER30 backtesting bearish trendline - still SHORT
DOWIDow Jones index look like to go down, the trend line broken & back tested today also triangle broken and target show in the chart... good luck $$
