The DowJones currently is pretty messyBig indecission in the markets leads to the situation being careful with trend following approaches.
The system of choice to get some points currently is a range strategy monitoring price action at the edges of support and resistance.
Is there a shift in demand and supply recognizable a trade away from support to resistance and vice versa could come up.
Djianalysis
DJI Situation end of 15.3.2019 LONG
Hello everyone who is watching my charts.
Here is the update to the end of today's DJI trading day
The situation remains unchanged.
What should we pay attention to on Monday?
We now have 2 long trend lines
the one in the steep Long channel I have marked blue.
But I'm afraid this steep uptrend will not last long.
But below that we have an interesting 2nd new long trend line which has developed the last few days and which I marked red.
This trendline seems to me to be the more important in the longer term,
As long as they do not break the situation continues long.
First a break of this red line puts the Long Setup in a neutral setup.
Underneath there is an important support in the area 25550 which I marked black.
If it breaks we are in Short Terrain.
But at least there is no sign of this level tonight.
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--This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
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DJI LONG BREAKOUT 15.3.2019 11:30 NYTNow we have an interesting sign here.
DJI has break ot of the short channel (i have marked them in red)
and comes bak to our well known blue trendline from 11.3.2019
Thats a really strong sign.
DJI managed not only to go sideways out .
Strong up and trading along the long line in blue.
I exspected now higher prices
Also to notice
We have taken out the resistance at 25757 and thats also a fine
long sign.
I will update that at end of todays trading.
DJI Situation 14.3. 10:00 NYT SHORT but possible tredn changeDJI has managed to get our off the sharp short channel
i had marked fe day ago into a more wider short channel
now i have marked in red to see them easily.
But since 2 days we have also an established long trend
to see at the blue long trendline which i have marked
as support on the long side.
Now we only can wait what will happens next.
a) a brake of the blue long line as stay in short
or
b) a brake of the red line to get in a neutral and maybe long aerae.
Both possibilities are equal weighed in my eyes
and i cant see any advantage for one of them to forecast
Lets check the DJI end of today trading, i am shure
we can see more clearly the situation.
WARNING - GLOBAL ECONOMIC COLLAPSE IS UPON US - DON'T U SEE IT?DJI - TA ANALYSIS - 'A perfect storm'
US NATIONAL DEBT - $22 TRILLION
GLOBAL DEBT - $244 TRILLION
"World economy at risk of another financial crash," says IMF
IMF warns storm clouds are gathering for next financial crisis
Two recession warning signs are here - CNN
The next financial crisis: Why it is looking like history may repeat itself - CNBC
4 Financial Savants Warn About The Great Crash Of 2020 - Forbes
Another Warning That A 2019 Recession Is Coming - Forbes
The 2020s Might Be The Worst Decade In US History - Forbes
Hedge fund billionaire: 70% chance of recession before 2020 election - CNN
There's no way to avert the next financial crisis, warn former regulators from 2008 meltdown - CNN
Are You Ready for the Financial Crisis of 2019? - The New York Times
Next crash will be 'worse than the Great Depression' - NY Post
The next financial crisis is closer than you think - The Washington Post
Fund managers are preparing for a crash - Yahoo Finance
The Next Financial Crisis Is Staring Us in the Face - Bloomberg
JPMorgan Predicts the Next Financial Crisis Will Strike in 2020 - Bloomberg
Now take a step back and ask yourselves this question... What will people do with their money if investing in Real Estate, Stock Market, US Companies or holding any national currency is no longer a viable option?
DJI SHORT end of 12.3.2019In the opposite direction to the Nasdaq situation we have here now the DJI.
DJI is still caught in the bigger short channel i have marked in red lines.
He tried to go out at end of yesterday and start of todays trading but
the outbreak failed.
Now the upper line (i have matrked the channel in red lines)
is the important resistance line for the ext trading days.
Unfortunately for the bulls the yesterday established
long trendline has been broken today (now in orange color)
That not a strong sign.
It is to exspect either a fall dwon in the trend channel or a
sideways go out, but also these possibility is NOT a long
setup.
If that occures we have to check the situation new
whether there comes up a new long trendlie or similar strong signs
or not.
So for now situation is still Short in the channel
--This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
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
Situation DJI at end of 7.3.2019 SHORTAt end of trading day 7.3.2019 there is now really news to tell. We have
established now a new short downtrend channel
i have marked in purple to have a road for the next days.
There is also as you can see a trend resistance channel with
a deeper fall, i have marked with orange resistance line.
I think in 1 of these channels we will se DJI tomorrow
and than we check situation again.
There is a added resistance zone also marked in orange now at 25560 we have to check to see
a first sign of end of short.
(Whether DJI climbs above that)
But even IF, that only a sign, that NOT a new long signal.
Situation DJI end of 6.3.2019 SHORTExactly as described in the last Ideas
the DJI is in Short Mode.
I have added the new short trendline which is very steep.
Maybe the will break and we eill get a more flat short lower trendline
but that will not change the setup.
The Make or break is again 25890
If its going not above thet level the setup still is short.
Unemployment Rate VS Dow JonesUnemployment Rates have hit the lowest value since 1970. Each time the UnRATE has reached a bottom and bounced up, we have experienced a stock market decline, in some cases a recession. This also lines up with 7-10 years economic cycles. We are on our tenth year since our last stock market correction. What seems very interesting is the fact that Crypto looks to have hit its bottom and is looking to start its next 3 year bull run. Stock market crashes last around 2-4 years (usually). This looks for crypto and the stock market to be inverse the next few years. Fidelity is launching its crypto trading platform for institutional clients sometime this month. Will this provide a bridge for institutions to transfer their money out of the stock market into crypto? It seems that way. If this is the case then we are about to experience a very large transfer of wealth. What will 85% of people feel when the stock market is declining and Crypto is going up? They will feel FOMO. They will also be looking for a safe haven for their cash, maybe its going to be digital gold this time...
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
Situation DJI 1HR 5.3.2019 12:30 NYTIts exactly as described in the older publish from today morning
DJI comes to that the short trendline resistance (Orange color) and go south at the moment.
But that is to watch carefully. maybe we will have later today or tomorrow
a jump above this line.
If that will be the setup short will be going wrong.
But at the moent its still short.
Situation DJI end of 28.02.2019 Short Channel establisehdNow the Dow Jones has established today a new Short signal and is going down in a new short channel.
We have to check tomorrow whether its going out of this channel sideways now , or whether its going further down manufested in the short channel
Make America bad againLet's take a look at the dow jones. We see a destruction of the chart picture. The course has broken through the last low and caught again. should we see a lower high, the case is clear. We will see a clear downtrend trend (deeper lows lower highs).
The 200 EMA was able to slow the Dow down (usually the course never breaks at the first meeting of the 200 EMA) We have seen a renewed strength in the market and new hopes have arisen.
furthermore, at this level we are at the magical 78 fibonacci.
However, let us look at the long-term chart picture and see that we are still trapped in the downside channel. The next week candle will be very important for the further course of the chart.
If we see a bearish engulfing, we will continue to see sinking prices.
I am generally convinced that we will soon see an epic correction in the markets. The Dow has risen disproportionately in recent times, which could be due to the president. This pushed the own economy extremely without generating a sustainable added value is very unhealthy cocktail.
In my opinion, a backtest of the 18000 is realistic, but it depends on the behavior in the next few month.
I bought a short knockout that will be turned off over the last stop.
If we look at the Eliot Wave theory, we might as well have completed the B wave. We will see =)
enjoy the way
logindaten
0128~0201-DJI Tradingview
DJI
US NFP is coming, be ware of the US data reveal.
DJI have bounce for 5 weeks, it should have some pressures for this week.
So, in my opinion, I would prefer short DJI at this week.
Waiting for the turning signal, maybe in Wednesday.
Support: 23340 / 23769 / 24260 / 24567
Resistance: 24930 / 25100 /
:D