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Djia

DOW JONES hit its 1W MA50, 1st time since the U.S. elections!DJIA hit the 1W MA50 (red trend-line) for the first time since November 02 2020 and the U.S. elections. At the time, this was the final bottom of the post COVID Channel Up, the index never saw this level again and the strong 2021 rally started. Besides the 1W MA50, Dow also made a direct hit on the Higher Lows (bottom) trend-line of the long-term Channel Up that started early in 2021. The 1D RSI also just entered its long-term Support Zone, which provided 3 out of 3 accurate buy signals before. As long as this pattern holds, the next long-term target and Higher High for Dow Jones is the 1.236 Fibonacci extension (TP just below at 37000). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
5
Tech Stocks - You got the curves ....Comparing these 4 major indices, you can see clearly that Nasdaq index is the one with the strongest retracement to date. We can see the SPX500 , DJIA and Russell are showing signs of fatigue and probably the price action will consolidate for a while here before we see the next action. If based purely on stock market being a leading indicator of the economy, then we can rationalise that the bull run remains intact. That means the other 3 indices must catch up with Nasdaq. However, if we think that this is a merely a bear market rally albeit a fierce retracement, then it is a matter of time before the price tumbles down. Review the 2008 chart and you will see that it has retraced by more than 60% before it tumbles down. We are only halfway there thus far (not saying it must reach 60% before coming down) Another angle I was thinking many of the tech stocks like Apple, Facebook, Microsoft ,etc can easily have their employees work from home thus fulfilling the social distance measure and still get work done ! The small caps companies forming the Russell 2000 index may not have this luxury as they are more of manufacturing companies. They tend to be from traditional business and not the disruptive fintech type. In weeks to come, when we look back at this chart, it would be more meaningful.
NASDAQ:NDAQ
by dchua1969
The markets may have actually topped...and let it be said that if it hasn't topped as of right this moment...it is FREAKING CLOSE... like sooo close. I can feel it in my bones. The dollar is blowing up. Fed is tightening (so far) They may reverse course and print infinity but that would cause a currency crisis which in my opinion would be wayyyy WORSE. Crypto and other momentum assets are dropping like stones. Cannabis stocks are ironically up. (which I think of as a recessionary signal, similar to cigarettes or alcohol stocks going up during bad times.) We haven't had a 10% since Oct 2020 which is only 10 because I rounded up... The DJI has produced an average gain of +50% per year over the last 2 years sine the massive monetary and fiscal stimulus. What is the average gain per year? How far will we need to fall to get back to the median line...? I think this is the big one. To be honest I thought Mar 2020 was too, but that was just the warning signal. And that huge red arrow there is not the end of it... if this debt bubble is indeed bursting then one would assume that all of the progress because of said debt bubble should be erased more or less. So....at LEAST the last 12 years Hahaha! oh...it hurts... But yeah. This is what I see. What do you see?
TVC:DJIShort
by MonetaryRebel
6
Dow Jones (DJI) | Best point for sell🎯Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In this index, only the main 1 and 2 waves are formed and from the 3rd wave, the 1, 2, 3 and 4 microwaves have ended and are now inside the 5th wave. Wave 4 of wave 3 consists of three waves, two of which are formed before breaking the trend line, one wave breaks the trend line, and wave 4 ends after breaking the trend line. We suggest that wave 5 ends near Fibo 1.618 before the trend line or by hitting the trend line and then breaking the red circle to form a descent for the main wave 4. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DJILong
by mahdisoltaninjad
3
DOW JONES could enter an accumulation cylinder if the MA50 holdsEverything went according to plan since my last update on Dow Jones as we accurately caught the December 20 bottom and today the 37000 target has been almost hit, so it might be a could idea to book medium-term profits: I have to update our outlook now as a new pattern may emerge as per the late 2020 price action. That is an Accumulation Cylinder (as per Livermore's speculative model) that technically leads to a new High. The technical condition for this to arise is for the 1D MA50 to hold. In fact there are so far many similarities with November 09 2020, which was when the last Accumulation Cylinder took place: a) The price is near the 0.236 Fibonacci extension. It was at that level that the rise stopped, the price took a relief break but the 1D MA50 held and the cylinder started. b) The Ichimoku Cloud squeezed right before the Cylinder started. c) Both rises that preceded the Cylinder started on a 1D MA200 (orange trend-line) rebound d) Both were at the end of a long-term Channel Up. e) The sequence that completed the Channel Up and started the Cylinder was a Zig Zag Higher Highs/ Higher Lows displayed by the bold black arrow. On the other hand, if the 1D MA50 fails, we should most likely see an extension of the Channel Up. In that case Dow should hit at least the 1D MA200. Basically the most optimal buy entry in the past 6 months within the Channel Up has been the 1D RSI's Buy Zone (green zone). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
4
Dow Jones (DJI) | Best point for sell🎯Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In the wave count that has been done. The main waves 1 and 2 are complete. As we said in the previous analysis, it is possible that the main wave 3 is not over and we are in the wave 4 of the 3rd wave. From wave 3, wave 2 was not normal and this wave can be shorter in time and the rest of the waves are part of wave 3. But for now, this is how we consider it. From wave 3, microwave 5 forms its ascent and it is probable that it will climb to Fibo 1.618 and then wave 4 will form long and deep. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DJILong
by mahdisoltaninjad
2
Dow Jones (DJI) | Best point for sell🎯Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. The wave count we did did not have a natural form and was based only on the slope of the waves In this count, waves 1 and 2 are perfect in our opinion. But we can not be sure of the end of wave 3 and we can guess that inside wave 4 of wave 3 can also be. Anyway, we'd rather count Wave 3 over, and now we're waiting for Wave 4 to form. Wave 4 will be deep and time consuming according to Wave 2, and the minimum Fibonacci correction is 0.38. To confirm the formation of this failure wave, the support marked with a purple dot is necessary. And if the previous peak is broken upwards, this wave count is the field. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DJIShort
by mahdisoltaninjad
DOW JONES hit the 1D MA200. Buy fractal spotted.Dow Jones has had a very sharp two-day pull-back, which hit today the 1D MA200 (orange-trend-line). That came off an Inverse Head and Shoulders pattern (IH&S) that continues to resemble that of June - July. With the 1D RSI hitting the Symmetrical Support level of the July 19 low which initiated the strong rebound to the 0.236 Fibonacci extension, I expect the same sequence to be replicated and hit 37000 by the end of next month. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
ULong
by TradingShot
4
DOW JONES and the fractal of DOOM it should avoidDow Jones has been trading inside a Channel Up since the Q2 of 2021 a time during which I have been bullish buying every Higher Low within the pattern. This hasn't changed, especially after it recently made a strong rebound exactly on the 1W MA50 (blue trend-line), which during long-term uptrends is typically the major Support. However with this analysis I want to bring to your attention, a technical possibility based on the charts, which shows that DJI's long-term bullish trend may not have more than another quarter left before a major correction occurs. As you see on this chart, which is on the 1W (weekly) time-frame, while the index has been on this Channel Up (Higher Lows and Higher Highs), its very RSI indicator has been trading on a Channel Down (Lower Highs and Lower Lows) for the same time-span. This constitutes a Bearish Divergence and technically indicates that the dominant trend (i.e. the uptrend) has been losing its earlier strength. Now we come to the major part of the analysis. On top of that Bearish Divergence, which is alarming on its own, the last time a similar Channel Up has been spotted was from February to November 2019. As you see there is almost a perfect symmetry between the two both in terms of the Fibonacci retrace and extension levels, as well as the bounce on the 1D MA50 and below the 0.5 Fib at the exact same spot on the Channel Up pattern. This correlation suggests that, assuming the pattern replicates almost the same way, when the Channel Up breaks to the upside (i.e. above its top/ Higher Highs trend-line), a top might form soon after (a month or so), and as the index will get massively overbought, a sharp quarterly correction may follow. Now of course back in Feb-March 2020 the sole driver/ catalyst behind this massive correction was the COVID pandemic outbreak and an event like that can't be repeated that soon, however the markets tend to find and capitalize on any fundamental catalyst they can find at a given time in order to fulfil a long-term re-occurring pattern. What do you think? Should this ring a bell early on for the global stock markets or not? -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
TVC:DJI
by TradingShot
5