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DJI Analysis after reaching 6.2 % CPI, Inflation rate Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ U.S. stock markets opened lower on Wednesday after data showing the U.S. inflation rate hit its highest in over 30 years, something sure to put fresh pressure on the Federal Reserve to tighten monetary policy faster. the Dow Jones Industrial Average was down 53 points, or 0.2%, at 36,267 points. The DJI index had hit a record high within the last week after the Federal Reserve had indicated at its last policy meeting that it expected not to have to raise interest rates for another year. Consumer prices rose 0.9 percent month over month in October and 6.2 percent year over year, according to the Labor Department, the highest rate in more than 30 years. The increase was broad-based, and the core CPI increase accelerated to 0.6 percent on the month, for an annual rate of 4.6 percent. From a Technical point of view : The DJI is still showing Bullish signs all over the technical side but this might reverse if the Federal Reserve doesn't come up with a plan to beat inflation, The market is trading at 36278.36 and could be moving to the first support line located at 36076.01 where it might pull up again, in case the situation doesn't change then we might see a further drop reaching the support located at 35456.54. Technical Indicators show : 1) the market is still above the 10 20 50 100 and 200 MA and EMA (Bullish sign) 2) The RSI is at 67.22 and dropped from the overbought zone today, with no divergence found between the indicator and the market. 3) The ADX is at 25.94 indicating a trending market with a positive crossover between the DI+ (31.05) and DI- (16.30). Support & Resistance points : support Resistance 1) 35924.67 1) 36608.31 2) 35520.26 2) 36887.54 3) 35241.03 3) 37291.95 Fundamental point of view : U.S. President Joe Biden said on Wednesday he has asked National Economic Council to work to reduce energy costs and the Federal Trade Commission to push back on market manipulation in the energy sector in a larger push to reverse inflation. The Democratic president said he was committed to the independence of the Federal Reserve in its efforts to combat inflation. "Inflation hurts Americans pocketbooks, and reversing this trend is a top priority for me," he said in a statement. 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.
DJ:DJI
by GabiDahduh
Dow Jones Industrial - Comparision to The Great Depression First time using tradingview for stock market and the first thing I saw was this. I had an idea to compare the charts from today's time and from the great depression. I am very noob at TA but I am starting to learn and understand basic principles and from what I've read, isn't the RSI one of the best indicators? I mean... we have some big "news" in the world today that wasn't very welcomed and maybe the crash from March 2020 was just a sign of what is about to happen?
TVC:DJI
by dascalitzi
HAS DOW STARTED ITS JOURNEY TO DOWN SIDE SEE YORSELF !!!COMPARING MY SATEMENTS FOR LAST TWO POSTS WITH THE ACTUAL MOVE IN DJI 1. In yesterday post point no 2. I clearly mentioned that if dow opens gap down . As it opened slightly gap down, one should wait for price breching red dotted zone to short . In monday post I clearly mentioned that swing high Z is the stop loss for shorts positional trade. That high is still intact. Both days post are attached for those who really want correct insight for this index. They can check all details to understand the present phase of dow. 2. As you can see price is still above the red dotted line so this is no trading zone for positional new traders . Those who are already in trade can put sl of Z point swing high. Now for new traders, for positional trades , let price break the lower end of zone and it sustains 30 mins after breaking then positional shorts can be initiated. Trend change to upwards direction when price breach Z swing high. Rest market will decide. YOGESH VATS
TVC:DJIShort
by yvatsji
2
DOW JONES INDUSTRIAL AVERAGE INDEX (DJI) DailyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. This is not trading advice. Trade at your own risk.
TVC:DJI
by Dinjin
DJI big fall aheadThe Dow Jones hit historical maximums. I believe this is just a bull trap and a big fall is on the cards. We see on the chart a big RSI divergence and the price printed somewhat of a doji just before season earnings started. Also MACD (not in picture) confirms the bearish momentum. It has been reported that earnings this quarter are going to be pretty bad and the Fed rate cut has probably already been weighted in. A fall to the 26700 area will happen in a quick way. I believe the correction will be stronger and a fall all the way to the 25400 area is very very plausible. I am ready to short this market at the minimum retracement. Do you have different ideas? Let me know in comments!
FOREXCOM:US30Short
by MicKi
DJI SHORT end of 8.3.2019 Short trendchannels establishedDJI is now rading in he new short trendchannel i have marked them with red lines. These channel is split in a smaller more shorter range i have marked ht upper line of that part of channel in purple and the its own lower side , marked in red. So in a few words: Between the lower red and the purple line has been the shortest range. 1 Time Buyers have tried to put DJI out of them but since end to 8.3. they have not really been succesfull. We have to check on monday whether the next try which has been started at end of yesterdays trading (25548) will be now successfull. That would be a first sign of a litte bit revocery. Next step would be to get on the upper side and upper trendline (upper red line) of the channel If DJI reach the level of 25600 till end of monday trading and climb avove that aerea the setup will going to neutral. All below this is stay in short
TVC:DJIShort
by Renkotrade
Situation DJI end of 5.3.2019 SHORT Resistance not brokenAs i wrote in the chart the resistance line at 25880 (nearly) is to beat for long. For today the bulls havent had enough power to kill it. That seems to be at the moment that situation is still short but we have a chance for a long change if that resistance will be took out from the market. On the other hand if the next days the come back above this line will not come true that a clear sign of weakness and we shall see more trend to the downside
TVC:DJIShort
by Renkotrade