DowJones + Dow30 Futures - Opening another short hereLooking for the DowJones to push toward $25,000 the upcoming days. Nothing is looking good and strong at the moment and believe we will continue to BLEED OUT.
About me:
I keep trading as simple as possible. Will not give my method but will give you entries.
Don't get greedy. Take profits quick when in green.
Let's make money together!
Djia
DJIA (Dow Jones) Futures Losing Momentum (I'm short)DowJones agianst resistance and losing momentum, I still believe we are in for a correction.
Currently in a short and always have layered profits down to my target or $25,750 (always book profits) and don't get greedy on the way down.
Questions or comments please let me know!
About me:
I keep trading as simple as possible. Will not give my method but will give you entries.
Don't get greedy. Take profits quick when in green.
Let's make money together!
End of an EraWest Europe & the Middle East have been taking turns as richest countries and most advanced nations, Turkey has always been near the top but never at the top, China was always around the middle (except around their communist cultural revolutions when they took a nosedive to the bottom, and probably also when they built a great wall and isolated). Don't have all the numbers sadly and it's a huge job to study all countries. Africa had a long period where it had the same GDP per capita as europe countries except Italy, India a few centuries back when it had an upper caste that exploited the lower ones was as rich as europe per capita (the upper caste was much richer, and lower caste poorer). Today India & sub saharan Africa (and Afghanistan interestingly) are the most diverse places in the world and they also are the poorer, most underdeveloped, with horrible parasites and viruses and bad hygiene etc.
Sec, I have to pay the idiot tax:
I am not debating ethics and wokeness and all the tender feelings stuff so please don't cry.
Just looking at it from an economic perspective. Racism is bad and emm... I am writting this to show how bad racism is and bigots refuse to include people of different cultures in their countries. I am frowning right now.
Those are quotes by the WashingtonPost:
"Diversity correlates with latitude and low GDP per capita."
"Strong democracy correlates with ethnic homogeneity."
You can read about it here:
www.washingtonpost.com
www.washingtonpost.com
If the washington post can mention this then so can I. Don't shoot the messenger.
We can see that advanced empires have fallen with east asian invasions that just had such enormous numbers, as well as following migration periods that brought diversity.
Like it or not, diverse and equal countries are the poorest. Diverse countries even if they manage to get out of poverty will have 1 group perform more poorly and get jealous and blame racism or something. That the differences are produced by ethnical or cultural differences idk & idc, I'd say mostly cultural I guess.
It ends up in 1 group exploiting another, or genocide, or civil war...
North Africa is working on defining their culture at the moment. With the great depression they'll surely want big changes.
I'm not going to start a research paper let's keep it short (enough).
1- Diverse nations are poor nations with alot of problems (added financial risks). Bad investments.
2- Homogeneous nations that have good relations with other ones and are open to commerce, exchange, etc (just not migration/mixing) become the most advanced & richest. Just because they are united and close their borders to migrants doesn't mean they can be open and have good relations with other people that have different cultures -- in their own country.
3- We are in a transition period with no big dominating power at the top (China and India are always their own continents, and the USA is just a transition power).
4- West Europe to an extent and the USA to a bigger extent have now past threshold diversity numbers, and are trying to treat different groups just the same, same laws same rules same behavior etc, and even expecting the same outcome because they are extremely delusional. It is not working out at all.
5- Just like with socialism "real diversity has never been tried". Delusional people will keep trying to make it work.... It works for some people of the different groups, so that'll keep them hopeful I guess. Most of the people of the different group that made it are in opposition to those that want to include their group... funny...
6- Exploitation has been profitable (but doesn't mean it's the only way). Exploitation by an upper ethny/caste exploitation of the lower one, or also you know... capitalism.
Outcomes:
- The USA is going to zero.
- In West Europe migrants might go home as the area gets poorer/more dangerous, but west euros want:
+ To keep having very low fertility rates
+ To keep living longer
+ To keep the same retirement age
+ To keep their purchasing power and not get a lower retirement
==> Only solution is important working age migrants, to delay the explosion of the social ponzi scheme (retirement in particular)
- In the USA there can be several outcomes, segregation, NSDAP, race war, dismantlement of the Union, secession of the west coast, creation of a black state somewhere, country gets poorer so illegals and some blacks leave. But either way there will be major changes, and stonks go down (at least inflation ajusted).
- New world order is a guarantee now.
- How about we go back to nice city states?
- Probably will mark the end of socialism and capitalism.
- Don't invest in stupid utopia countries or delusional "multiculturalism is our strength". Except if you want to lose your money while showing certain people you are morally superior.
Interesting population numbers:
Short for now. The USA pyramid scheme is coming to an end AND they are also having to face their multiculturalism problems. Everything going big boom 🔥🔥🔥.
This is the endMainstream has dropped the act with women even feminists and now have declared them enemies.
California wants to make it illegal to call the police to report minorities.
USA falling apart, cold civil war going on.
Oil reliant countries - alot of them have almost no economy and all their income is from Oil, AND they have no agriculture - are going to STARVE TO DEATH.
The USA is not capable of playing world police, tensions between nations will escalate.
1/6 people on the planet is totally reliant on food imports to stay alive.
1 century ago most people were self sustainable, now almost no one is. Even Europe & NA could starve (I do not think this is likely).
But all these oil nations, and more, are going to need humanitarian aid guarenteed, the exporting countries economy that will be down will make it harder for them to send food around, and with every one asking at the same time? This will explode.
People do anything to survive when they get desperate, even cannibalism.
North Korea is one of the countries reliant on food imports by the way.
Even the major global bankers like the FMI and BIS are "warning of risks" they use euphemism to explain they expect more downside in world economies, more crisis, and they call it generational.
Are you ready?
Every thing is going to explode and it will be biblical.
This is going to be the greatest depression in the history of the United States (not the worse in the world, the depression that started before the black death was way worse, it was also accompanied by high taxes and imaginary money and wars everywhere the usual stuff, recovery - after idk 30% of Europe died in agony - was epic thought).
You even got the idiots that showed up in March-May and think they're the greatest. Barstool guy, a few weeks in buying early in the sucker rally and this idiot thinks he is the chosen one 😆
I think the buyback program is taking a hit, and the only new buyers are mainstreet suckers (same old same old). Recently we had the same with crypto in early 2018 "uh let's buy the dip" then hold bags forever.
Min order on some brokers is $1*DJIA (1/5 of a CME future) that would be a risk of 1k which is too high for most.
Got a min order of 0.2 on IG (risk ~$200), can also use options that allow to go much smaller.
I bought a couple of "turbo" options (no time limit, a set stop loss that automatically activates when reached).
Got my KO at 27050 because it was this or 26800. I might exit before getting "KO'd".
Can add more later if this goes down.
Ye its quicker I guess
Big companies might get broken down, making it harder on the dow specifically.
The downtrend I'd expect to last 1 to 2 years, could be more.
Who knows what the central bwankers will do? Money bazooka?
It could be dirty and very choppy, if bankers try to "save the stock market", by printing imaginary money & buying bonds, in particular from their good buddies that use that money they stole from the population to buy and pump stocks.
The best thing for every one except the rich that are so rich the US are having a marxist revolution anyway, would be a nice clean downtrend.
There is no more postponing it now. They have to deal with the consequences of their stupid decisions.
You even got the 2 heads.
I think it's worth a shot.
Dow Jones: How the log Fibs show $88,000.No matter how odd it may sound now, we have come up with a simple model using the logarithmic Fibonacci extension levels to determine the next long term target on Dow Jones.
We have timed the beginning at the end of the great depression in the early 1930s. The ATH before the depression is Fib 1 and the bottom Fib 0. The market recovered the ATH in 25 years. After that we see a very peculiar occurrence on this Fibonacci log scale. Every market top follows the 0.4, 0.9 sequence, i.e:
- The next peak of the index was on the 1.4 Fibonacci extension. What happened then was a 16 year period of anxiety and consolidation before the next break-out.
- This came to a peak on the 1.9 Fibonacci extension which was the 1987 Black Monday crash.
- The next peak was just before the Dotcom crash of the 2000s on the 2.4 Fib (actually was exactly on the 2.5).
- The current coronavirus crash was on the 2.9 Fibonacci log.
According to this model, the next market peak should be on the 3.4 logarithmic Fibonacci extension, which is priced around $88,000. This may sound unrealistic right now but if you look back at every prior high, the market would always thought of the next long-term target as unrealistic. It went from $380 in 2029 to $955 in 1966, then $2700 in 1987, $11,500 in 2000 and now $28,000 in 2020.
As you see the time sequence from .9 Fib to .4 Fib is roughly 130 - 150 months. The time sequence from .4 Fib to .9 Fib is roughly 260 - 270 months. The next ($88,000) peak covers a .9 to .4 Fib, so according to the model it should be delivered within 130 - 150 months, timing this market peak approximately within 2030 - 2032.
What is also interesting is that the LMACD is printing the same formation on every Fibonacci peak. That is an aggressive bearish pull down. As you see, for the current coronavirus crash, this formation is already completed.
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Dow Jones: Channel Up on 1H with MACD crossing.Dow Jones is trading within a Channel Up on the 1H chart (RSI = 41.064, MACD = -20.100, ADX = 30.196), currently on the bearish leg towards the Higher Low trend-line. The MACD is about to make a green cross, which is a bullsh signal. It can still take a few hours until the formation prices the Higher Low (even sideways) so there is still time to enter. Our TP is 26,500.
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Markets Across the world are ready to push like never before.Looking at charts from across the globe we found a very similar setup, triangle formations that are forming across the board in a timely manner.
If we look deeper into what is going on we are going to get a pretty nice surprise. Let's start of with the Nikkei.
The Nikkei has been on a consolidation pattern since the start of June and has just resolved within a clear break around it exactly one month after. This paired with global optimism that a second wave has been avoided in Asia thanks to great control sounds the bull bell, we might still see a deeper correction that could signal a potential long term buying opportunity. If we see the price of the Nikkei Holding above 22600 we could be up for a move towards 24k in the rest of the year.
Exactly the same is going on across the board. Let's check Europe for an instance:
For instance, the DAX is doing exactly the same being in a triangle consolidation pattern since the 3rd of June that has now broken above and is showing strength if it holds above 12.600. if things start to look clearer from here we might be looking at a potential move towards previous all-time-highs. Coincidence? Not really.
Not confident enough? let's get to the juicy part, let's try and dig deeper into the abyss and look at what is going on in the US Markets. after all, EEUU markets drive most of the money flows right?
A quick glance at the S&P500 might give you the chills. Why? Well, the market is exactly doing the same, but wait there is more to come, we are just getting started.
Looks pretty familiar right? well, I can't say I didn't warn you. Global Markets took a hit and it hurt, but recovery is around the corner. Central banks are doing almost everything they can, Governments are supporting people like never before. and let's face it. A second wave is something bad but we are going to live with COVID-19 for a long time, we might just make it a profitable one.
Not buying it yet? well, let's look at something even more interesting... What about the Dow Jones? is it anything closer to this? I mean what sector can be worst off in a pandemic right?
Well, that's pretty much a very compelling view of global markets. However let's not take a pause and bring the big guns, as I said, we might as well just save the best for the end. Because it is yet to come.
The dollar is breaking lower and this is just the cherry on top, we might as well just close here but not everything needs to be technical. Fundamentals are coming in stronger in the last few weeks, rates are lower than ever and the sentiment for the virus is shifting towards more "lets live with it and make the most of it" than rather being scared and locked down at home.
DOW JONES Trading planPattern: Channel Up on 4H.
Signal: Bullish on every dashed line.
Target: The two Resistance levels 26,790 and 27,640.
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Dow Futures: Strong Move to Open Sunday: Eyeing $26,000Will look at a scalp long if $26,005 breaks will layer profits in from 50 to 200 points as there was a strong move opening up on Sunday.
I have stop/buys orders in place. Please keep in mind this is not a long and my order will not be executed until $26,005 breaks (if it never does that is ok) I will cancel my order.
About me:
I keep trading as simple as possible. Will not give my method but will give you entries.
Don't get greedy. Take profits quick when in green.
Let's make money together!
COVID-19 2nd bear wave? (DJI wave analysis)Fundamentals:
If we consider permanent damage to the economy caused by COVID-19, we should expect a decline in corporate profits, therefore a fundamental devaluation of stocks and a great deal of uncertainty
Now the market optimistically bets on fast recovery. Nobody wants to be overboard a rising stock market.
This conditions remind me an Elliott Wave B definition. When the markets swiftly recovers from initial big sell off, and everyone is confident that the worst storm is left behind. Price drifts close to previous top or even slightly exceeds it, but then a dramatic sell off occurs.
Technical analysis:
Wave B (red) looks pretty sluggish. Rather a 3-wave pattern than an active impulse wave. It has driven stock market (DJI) only 10.7% above the top which was set in January 2018. I've discovered that wave (B) is equal to 161.8% of wave (A).
A green wave (b) is an assumed result of investors being overoptimistic.
Although the recent volumes and STDEV confirm the downward bias/momentum, it's not certain that an assumed wave (b) is finished and soon decline in stocks is inevitable.
Forecast:
If assumption is right, we should expect a strong decline in stock prices sooner or later.
DJI is anticipated to reach 16225-16679 area.
PS:
I've duplicated the publication so that more investors can see it in the "markets - indices - major world indices - dow30" pass.
COVID-19 2nd bear wave? (DJI wave analysis)Fundamentals:
If we consider permanent damage to the economy caused by COVID-19, we should expect a decline in corporate profits, therefore a fundamental devaluation of stocks and a great deal of uncertainty
Now the market optimistically bets on fast recovery. Nobody wants to be overboard a rising stock market.
This conditions remind me an Elliott Wave B definition. When the markets swiftly recovers from initial big sell off, and everyone is confident that the worst storm is left behind. Price drifts close to previous top or even slightly exceeds it, but then a dramatic sell off occurs.
Technical analysis:
Wave B (red) looks pretty sluggish. Rather a 3-wave pattern than an active impulse wave. It has driven stock market (DJI) only 10.7% above the top which was set in January 2018. I've discovered that wave (B) is equal to 161.8% of wave (A).
A green wave (b) is an assumed result of investors being overoptimistic.
Although recent volumes and STDEV confirm the downward bias/momentum, it's not certain that an assumed wave (b) is finished and soon decline in stocks is inevitable.
Forecast:
If assumption is right, we should expect a strong decline in stock prices sooner or later.
DJI is anticipated to reach 16225-16679 area.
#DJIA LONG - trendline broken #DayTradingTrendline was broken on the longer TF (H4), targets are in Pink. Careful with the NFP data!!!
DJIA short - after a pullback on a sweet spot.Friday broke last local low on the Daily, so I expect further move in the corrective short trend. I'd wait for a correction to a sweet spot because an important target area was reached with a steep move, so shorting now has a low risk/reward ratio.
I'd wait for the pullback and go short on the lower time frame when momentum changes in the red.
What do you think?
DJIA chance to continuation of the long trend #DJIA #TradingThere was a break of the recent local high and the short countertrend line, there is a higher low on H4, so there is a chance for the price to rise. Long term targets are in Pink.
Curious about the market opening soon!
DJIA Technical Analysis - both the long and the short sideThese are the scenarios (if price doesn't stuck in a range) for both the short and the long side. Short has a higher chance (imho) now, but markets do what they want, so won't be surprised if it goes up. I'd wait with going long until the last LH is broken, but then go long after a retest. If green zone (LH) doesn't fall, I'd keep going short after every broken countertrend. Until the target zones, that are in light magenta or pink for both directions.
Gap Fill Fake out before crashConsidering how bullish the market has been one more fake out to the upside is a possibility. Momentum has definitely shifted but I can see a small move to the upside due to many short positions shorting the trend line and maybe getting squeezed and the gap up.Not all gaps get filled but a fair amount of them do.
Why efforts does not equal success in Trading ? (Important)You see, you can be putting in the hours, days and nights into plotting charts, doing endless hours of research on companies, industry news ,etc and yet for some reasons, you are not seeing the success you want in your trading (and investment).
Your actions are determined by the way of your thinking. And there is 2 parts to your mind - the conscious part (creative) and the subconscious (servant or follower)part.
So, someone can watch plenty of videos on how to trade, experiment with different indicators, have the latest software, read self-improvement books, etc and YET, sadly , their results speak otherwise. This can be really frustrating and doing more of the same thing and expecting a different result is INSANITY.
Then how , you asked ? What has to change ?
Not the external side of things that you can get hold of. By that, I mean the materials, the notes, videos and even the courses those gurus promised to help you rake in 5000 to 10000 profits !
"All that you behold, though it appears without it is within, of which this world of mortality is but a shadow." William Blake
Digest this quote and compare it with what the Bible says here
Here, the 2 of you does not refer to 2 persons like you and your siblings, spouse or friend. But rather, it is referring to your conscious and subconscious mind. Often, we have one thought , example to be rich or successful in trading but our habitual mind (subconscious mind) opposed to the idea.
Test it upon yourself. See if you have to force yourself to wake up early or stay up late to check the market. On weekends, when others are out relaxing and having a good time, are you reluctantly cooping up in the Library or home to plot the charts? After weeks and months even years of trading, are you getting the results you want ? If not, do you know the cause of it ?
Those who want to make your money would have you believe them it is your system, your lack of trading signals, your lack of mentor/coach, your lack of this or that. And if you believe them just like many did, then you would part your money to them. Thanks to you and many like you , they become more successful and richer.
And you? Maybe in the short term, you succeeded but it goes back to square one shortly. After suffering months of depression and frustration, you go in search for solution, always focusing on the external (coach, system, signals, books, etc)
"Nature is an endless combination and repetition of a very few laws. She hums the old well-known air through innumerable variations". Ralph Waldo Emerson
The repetitive acts that you do, the efforts that you put in (conscious part) have to be mixed with an important ingredient - beliefs. As you study the charts, attend the courses, read a book , watch a video, whatever, you got to link it to a bigger picture of it making you richer, successful.
"Anything that you may hold firmly in your imagination can be yours" William James
As you are working hard on the external, do not neglect the internal aspect as well. Imagine how your life would be different when you achieved a certain outcome. For example, turning your monthly income into weekly and then eventually into daily. Increase the amount slowly, as you see the real profits grow, your level of confidence grew along with it. And your conviction deepens.
Over time, it becomes a habit through your repetitive acts daily that you knew what to do when you wake up. You could tell from the chart in a short amount of time whether to buy or sell. You begin to realise what the authors that you follow are not much different from you. You too can be your own author of life.
The car does not move from point A to B on its own. It depends on the engine that is invisible. It is the same as the subconscious mind. This part of the mind must be changed so that it is aligned with the conscious mind.
Then, you can see the words of God in Matthew 18.19 comes to live in your life. That is when words become flesh and dwells within us. John 1.14.
I hope you would take time to read this passage slowly, digest it over and connect with your heart, mind and soul. Are you depending too much on the external help and neglect that you already possess the supreme power to change your own fate?
You want to be rich, successful if used as a positive affirmation is useful ONLY if you believe in it. You will believe in it if you think you deserved to be rich. Your past like your parents, teachers, friends may say otherwise that shapes your beliefs about yourself. Who are you to be successful ? For years, the ones that you loved dearly had made the cardinal sins of destroying your self esteem by repeating the words to you when you were born.
Read this true life story of Kelvin and how his past (childhood, teacher, mentor) shape his life
Remember, we are good for something as God created each and everyone of us in his image. Some of us took a while longer to find ourselves, some are still in the journey and others are still searching..........
If you are serious about trading (investment) to make good money (be it for income, retirement, etc), then tune up your internal power, the latent power that when unleashed will transform you to a new level.
Possible H&S Top Forming on DOW?It's too early to call but wouldn't be surprised to see something like this play out over the next couple weeks. Market feels overdue for a proper correction/consolidation from the massive run-up since March. But there's so much liquidity sloshing around that I don't have high conviction on the timing or the next immediate direction. If momentum does turn decisively down from here, I'll begin looking for areas of support and price targets.
DOW JONES MAJOR MARKET TREND REVERSAL! I decided to publish this analysis of the Dow Jones since I found it to be very significant. The chart suggests that we have reached an end of a long bull market run that lasted around 10 years. It appears that we now are transitioning into bear market! Oh well, the bears need some time in the spotlight too!
As you can see, we reached higher and higher highs as well as higher and higher bottoms in the market until we reached the all-time high of over 29,000 back in February. Since then we have experienced a few rallies but peaked at 27,250 earlier this month. Looking at the bottoms, we can see, and recall, almost too well how we hit 19,000 back in March. Remember, the little crash back in December, 2018? We found support at around 22,300.
So, we now have identified a lower low and a lower high. This creates our new bearish trend. As you can see, I have connected the dots on the chart, and you can see how the bull trend has been broken and the beginning of a bearish trending channel (red dotted lines) has formed. I expect the market to move within this bearish channel for quite some time. As you can see, we will not hit any new market highs this year considering that the resistance currently is positioned around 27,000 and will trend lower from here.
The bottom of the bearish channel intersects with a green support line around 16,700 in April, 2021. If the channel holds, 16,700 represents the worst case scenario in terms of a low on this time frame. This green support line represents strong support as it has acted as such since 1982.
Thank you for entertaining my idea. See you somewhere inside that bearish red dotted channel!