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Djia

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. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:DJILong
by InvestingScope
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. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated.
OANDA:US30USDLong
by InvestingScope
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.
OANDA:JP225USDLong
by afcapitaltrading
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!
OANDA:US30USDLong
by UnknownUnicorn2820659
1
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.
TVC:DJIShort
by OleksandrSnitko
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.
FX:US30Short
by OleksandrSnitko
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.
U
by TradAIR
4
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.
TVC:DJILong
by dchua1969
2
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!
TVC:DJIShort
by Larssonator
SOME CLUES ON THE S&P 500? Gold vs S&P 500 This chart shows the spread between gold and the S&P 500. I think the probability of retracing down to the 618 level and moving higher toward target is reasonably high. This implies the following: 1. Gold and the S&P 500 trade higher together, with gold taking a significant lead 2. Gold trades higher while the S&P 500 tanks 3. Gold trades lower but the S&P 500 tanks more than gold Gold has been moving in tandem with the S&P 500 recently, so it's important not to immediately assume the S&P 500 will tank and gold will rise. I think right now it's important to be very open minded of what's possible (always important to be open minded about market outcomes). Here is where things get more interesting... Copper looks very similar to the S&P 500/Gold Spread: I'd love to hear some thoughts on this.
COMEX:GC1!
by Lanmar
2
ridethepig | Equities Breaking Down!📌 Flows to illustrate end-game cycle chains -> Here we are tracking a very advanced flow, the struggle for Long Bonds to complete the final ⚠️ breakdown and trigger capitulation in debt . This would be more natural to develop ahead of US elections as it would imply maximum pain giving enough energy to help form a base on 'surprise' Trump victory. To keep the pressure on we will see the usual talking heads; Fauci, Gates and the rest push for further lockdowns, but the correct flow was indeed called earlier in the month to switch from the 3,200 SPX which is when we went underweight US Equities. In the Dow, 26,500 is now acting strong resistance and will be difficult for buyers to crack that ahead of Elections; remember we also have no-deal Brexit and Covid all still to play for... The unaware will continue to buy blindly, unpacking the scrabble box and load thinking its a one-quarter wonder recession - retail participation is shooting through the roof. It was a necessary ✅ to clear before we can see the Sovereign Debt Crisis. Smart hands are tracking the claims number and understand that recoveries DO NOT look like this: Fortunately we were ahead of the weakness in Global Equities and Vol, but the rally has been difficult to defend: This next leg lower can now be played. Seller's positioning after Witching with this little loosening move created the room to attack. In the immediate time; look to target a sweep of the lows before adding any US exposure for the next business cycle. Notice how we still did not get into the 15,500 zone called earlier at the lows: The courage to intentionally let retail hang oneself for weeks; just on account on a remote possibility of a second wave; is now sadly going to be rewarded. Look at defaults coming to our theatres very soon, sellers smell blood and have suddenly awakened to fresh activity! We also have the VIX Panic Cycle entering into play right on time as forecast, it has been game, set and match for all of those trading VIX flows live: Thanks as usual for keeping the support coming with likes, comments, charts and etc!
UShort
by ridethepig
16