Dow Jones gained 0.39% what's next ?Hello everyone, as we all know the market action discounts everything :)
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U.S. stocks were higher after the close on Tuesday, as gains in the Basic Materials, Technology, and Healthcare sectors led shares higher.
The Dow Jones Industrial Average rose 138.79 points, or 0.39%, to 36,052.63
Possible Scenario for the market :
The market is trading right now at $36052.64 and the trend is moving with a strong Bullish momentum that started on the 28th of October, After a sudden drop in the market.
This Bullish movement will probably be reaching the $36115.86 resistance level where it will be aiming to breakout that level to reach the resistance at $36380.11.
In case the Bears tried to make a move then we could be seeing a drop that most likely won't reach any further than $35456.54.
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish signs)
2) The MACD is above the 0 line indicating a Bullish state in the market, with a positive crossover between the MACD line and Signal line.
3) The STOCH is in overbought zone with a positive crossover between K% (97.80) and D% (96.21)
Weekly Support & Resistance points :
support Resistance
1) 35575.99 1) 35978.05
2) 35332.38 2) 36136.50
3) 35173.93 3) 36380.11
Fundamental point of view :
The Fed will release a statement at the end of its two-day meeting on Wednesday when it is expected to announce the start of tapering its bond-buying program. Markets also are pricing an interest rate hike at the Bank of England meeting on Thursday.
"Most times, markets are happiest when they get predictability when they get what they expect, and I think the expectation is that they are going to taper," said Randy Frederick, vice president of trading and derivatives for Charles Schwab (NYSE:SCHW) in Austin, Texas.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
Djiaforecast
Am I Crazy to Expect DJIA to Drop by 8000 points Long Term?Markets are strong and the outlook currently is very bullish. So anyone who thinks that markts will drop significantly in the mid to long term would be laughed at right?
But i just cant help but notice that markets are way too high at the moment. everything seems pretty over valued - although market analysts will say the valuations are just about at the right level if not still low.
Could all these excellent company earnings be transitory, thus skewing the markets?
or perhaps theres something more to come, such as another wave of teh pandemic that could pull the markets down.
Whilst we are yet to see what it could be... my better judgement of technical alalysis tells me we could see a big correction in the markets over the long term.
Im aiming for around 26,000 for teh DJIA. Time will tell.
Dow Jones Industrial Index with higher potential up to 41003 possible Take profits for DJ:DJI
We are still in a bullish trend in the indexes like CURRENCYCOM:US30
SL under 33000
Fibonacchi Extensions:
TP1: 35600
TP2: 37000
TP3: ~40000
Dow: Aaaaand Action! 📽📽📽The Dow Jones has a hard time pushing for an offensive to overcome the resistance at 35547 points. However, sooner or later we see the course moving above that resistance and gradually build up new all-time highs until the area around 37607 points is reached.
Good times coming!
DJIA going up more or a reversal is dueHello everyone , as we all know the market action discounts everything :)
The Dow Jones Industrial Average closed at a record high on Friday while the market close above 35,000 for the first time ever, bringing its gain for 2021 to more than 14% clinches four consecutive days of finishing in the green, The DJI seems to be getting even more momentum by day and we could be seeing something big happen in the next few months and the price reaches the 40000 range.
Using the Eliiott waves theory we can see that the market could be in the middle of his second impulsive wave and the price could be reaching the 35411.49 resistance line by the end of the wave .
The market movement is still in the range of a upward channel with no reversal patterns to be found yet , A move over 34951 will show us the presence of buyers. breaching 34993 will tell us that the buying is getting stronger. This is a potential trigger point for an acceleration to the upside since there isn’t any resistance .
A move under 34951 will show us the presence of sellers. If the move is able to create enough downside momentum then we might be looking for a pullback into the first retracement zone at 34308 to 34146. Since the main trend is up, buyers will probably come in on a test of this area.
technical indicators showing that :
1) The market price at 35061.56 trending above the MA 34765.01 and EMA 34747.79 (bullish sign)
2) The RSI is at 58.21 showing great strengths in the market with the possibility to reach overbought zone soon (bullish sign)
3) The MACD at 131.29 showing great momentum in the market with a positive crossover happening ( bullish sign)
Support & Resistance points :
support Resistance
1_ 34527.11 1_34969.30
2_ 34366.37 2_35250.75
3_ 34084.92 3_35411.49
Fundamental point of view :
The focus shifts to tech stock earnings and the Federal Reserve. Traders aren’t expecting much from the Fed, which is why the market has been rallying. Investors seem to have accepted the notion that inflation is temporary. The risk is still to the downside since the Fed could surprise again by announcing a tapering date or moving the date of the first rate hike closer.
The Fed wraps up its two-day meeting on Wednesday and its statement will be scrutinized for any mention of the timeframe for tapering its asset purchase program, although Chairman Jerome Powell made it clear in his recent testimony to Congress that the U.S. economy still needs the central bank's full support.
In June, policymakers began debating when to start cutting monthly purchases of $120 billion of Treasuries and mortgage-backed securities.
Powell may indicate that while a discussion on tapering has started, there is still time before officials reach a conclusion on what they will do. Policymakers are expected to highlight the risk from the rapidly spreading Delta variant, which investors worry could derail the economic recovery.
Most analysts expect the Fed to give a clearer indication of its plans for scaling back its quantitative easing program at its annual conference in Jackson Hole, Wyoming, in late August, before a formal announcement on tapering later in the year. According to investing and dailyfx
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This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice.
If you have any questions please ask and have a great day !!!
Thank you for reading.
Dow Jones: Recovery! 🚑🚑🚑After the recent correction, the Dow Jones is recovering again. However, we believe that there is still some potential on the downside until somewhere around 33299 points. Once within that area, the Dow can start its final recovery and push for new all-time highs above 35000 points. It is only important that it stays above 32902 points.
Exciting times!
DJI 3413.99 - 0.23 % SHORT IDEA * PRICE ACTION & STRUCTUREHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE DJI INDEX FROM THE MONTHLY CHART.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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FINAL WARNINGI am OUT. This is getting crazy and I am pretty gosh darn confident in this count!! The RSI readings match the wave count as well.
Red Box = retest of the momentum resistance, indicative of a wave 5.
Yellow boxes = I zoomed into just that final wave 5 we've been in for 12+ years and it has retested 3 times!
I'm seriously creeped out.
*My theory is that once the public realizes that inflation will not be transitory and that all their expenses are going up, the musical chairs game is going to end.
No shame in taking some profit at least if you've been in this market for a long time. THIS IS NOT a correction that I can advise you just hold through. THIS IS depression-like correction that's coming.
You're gonna be holding the bag for probably 20-30 years before we get back up to these prices.
Please prove me wrong.
THIS IS NOT FINANCIAL ADVISE.
4-digit Dow (DJIA) - SHORT; Let the (long!!) descent begin!As the ol' southern colloquialism would have it: "Darn theng (The Dow) is fixin' to be done foh, rat cheer, right about naw!"... And this where the Long March (to < 9999) bound to start, rather sooner than later. (There is also a perfect Fib. Time Cycle lurking in the background. - Look closely!) If one is afraid to Short the index outright, no problem! - You're in luck. Just (continue to) SHORT the DJIA/Gold Ratio that is already well on it's way, still with miles and miles to go (down), with no end in sight. Here is that post;
Dow Jones - Elliott Wave Technical Analysis5th wave has still some room to go up as usually it's as long as 1st wave.
Fib Extn for this wave from bottom of 1st wave to top of 3rd and extending it to 4th (bottom):
--------------------------
- We are now at 0.236 Fib Extension $34,550, 0.382 is around ~$35,090, 0.5 is at ~$35,500, 0.618 around $35,958
Good Luck!
DJIA - Long and short Setup Breakout or Breakdown US30LTF Analysis on the Dow
Closing in on the Apex so a break to the upside or downside is Iminent.
See chart for trade setup if you take it ..
Ensure to know your Invalidation and use a SL
If you like my work then Follow , Like , share or comment .Much appreciated
East vs. West; The Nikkei will obliterate the Dow!!... And that's without even the currency differential factored in! (... which should add an additional +8%-13% to the down-side.)
This spread currently sits right at the Quarterly Pivot.
As it stands, under even the most unlikely circumstances (worst case scenario) this spread, the Short DJIA / Long Nikkei225 , is a 4.5:1 R/R trade. A trade that anyone should take, especially if one finds oneself being forced to stay long equities - for some inexplicable reasons.
The Weekly;
The Bubble End Game (in terms of the Dow - DJIA)OK, so this I had mapped out quite a while ago but despite my general agreement with the widely circulated May 24, 2021 Dooms Day predictions (in as much as a likely date around which the music will stop ), this (chart)setup was still missing it's trigger . - Until last Friday, that is.
That last 15 minutes of trading on Friday, March, 26., 2021 was no ordinary window-dressing! That was a no-holds-barred locking onto the Final Target and simultaneously initiating the count-down, All-in . (By various players and in no small part by Sovereign Public "Investors" - i.e.; Central Banks.)
If one examines the Who bought What, How and Why - and why at that exact moment -, the gig is up. - Not that those key players had any place left to hide hence, the notable drama preceding the whole event during the previous 24 hours. (I imagine that by the time of this posting it's all out there so I shall spare the repetition.)
At the risk of stating the obvious, the size and enduring length of this current Speculative Bubble deserves (even demands), at the very minimum, at least an attempt to find some still unsuspecting buyers to trap and onto whom to unload as much as humanly possible before the music stops and the silence becomes deafening. - And that means;
An Exponential Blow-off Top
.... that was the trigger , this picture was missing, until last Friday, that is. (And Yes, last Friday's market close was the first and only trigger , in this particular frame work.)
- And since nothing tickles a (historically uninformed) speculator's fancy like a no-rhyme, no-reason, all-in, exponential charge into oblivion... Well, you got it! - Or at least the beginnings of one.
So, what is special about Dow 37130-37250, around the 1st week of May, 2021 that would make it a likely Final Price Target ?
- Confluences!
Providing a (rather obvious) Final Top between Dow 37130 - 37250;
... and potentially close to the much-touted May, 2021 time frame.
... after which, most likely;
... nothing but Gravity.
Game on!!...
The Best (passive) Index SHORT in the world. - The Dow!The Title Chart is the DJIA/Nikkei225 - the best of them all.
Here are the rest;
This one is not very representative since it reflects the weakness in the Pound.
Still, it is a country-mile better deal than holding the Dow (Long).
Well, you get the idea as the rest of the worldwide indexes reflect the same story, across the board. (With the Asian Indexes leading the pack vs. the DJIA!)
One other, important issue to consider that these - above -declines haven't even factored in the Currency Differential(s) between between local currencies and the U$D. - Doing so, the Dow has an even grimmer future.
Dow Jones: Superman 💪💪💪Just like the man of steel, the Dow Jones dominates the index landscape and pushes for another bullish run. After the turbulent the past weeks, it was finally able to set itself free and performed strongly after missing our target box by just 12 points. Next, we expect the Dow Jones to rise around 33464 points, after which we expect a correction to set in.
Stay tuned for more Daily Market Up8s!