Dow Jones Index TargetI expect the Dow Jones within a week or so to be hitting a $26225 price point. I definitely say it is bullish and potential resistance could be near. However, the correlations have been seemingly positive and as an index of the general market, it looks like a good position. As a HODL it looks to be a fairly conservative investment strategy to be in your portfolio. Still obviously you got that risk, but I would not withdraw to quick. You can always invest in many different index funds or the S & P as well as just the top performing stocks. Overall, it is about mitigating risk and maximizing returns.
Djianalysis
DJI (DOW JONES): HOLY PARABOLATHIS, my friends, is a parabola.
It is a glorious sight, but parabolas never last forever.
On the chart I've marked levels in red, every 1000 points up to 30k: 25k,26k,27k,28k,29k,30k...
I'm not such idiot to call THE top on the market. I'm simply saying my understanding of technical patterns leads me to safely conclude that this move will shift and a new pattern will form. We now need to watch closely for this shift.
What will give us a clue that it's near? A near term topping pattern. This MAY be preceded by a fast run up, where price eats away at the levels marked in red like pac man on crack. We will need to see how price handles these levels.
IF a temporary high is temporally close, it will fall short of 30k, in order to trap late longs who buy expecting a pop above 30k. My best guess is that this will be somewhere around 27k to 28k.
Let's look at the big picture. The Dow is not finished - far from it. Since the 1970s, the markets have been pricing in a space-age, where we as a Humanity explore the galaxy and beyond. However, the angst against Trump will intensify; there is a maniacal and hysterical element that does not want the technological/spiritual evolution of Humanity to occur, and will do anything to attempt to repress anything that does not fit its status quo. Destabilization in American politics should result in some foreign selling of US equities, and we should expect this to manifest soon.
If you bought in 2008 and you're sitting tight, remain in your deck chair and sip another kale juice and martini. If, like me, you weren't in the markets in back then, and like short-term setups, stay long... but BE WARNED. THE PATTERN WILL SHIFT IN 2018, perhaps sooner than later.
(Some may say - but what if we just keep going? Quick answer: markets require momentum to move. If this move were to extend then it would surely climb much higher, but would be limited in price and time. In other words, it would imply a crash sooner rather than later. Since I see no fundamental basis for this, this possibility is off the table for me.)
Dow Jones Tax Reform 2019 Fundamental:
I do not think that with the extension of the fiscal reform, the bullish euphoria will decrease in the index.
Technical :
As you can see in the attached image, the price at this moment is in a very important area, 1.61 fibonacci. what would be the culmination of the 3 "Super Wave". We should wait for the two confirmations that are in the graph to go down with more security.
Lord What Is This ? Look at the macd. Screen is not enough :). It is in the sky.
I guess no one can imagine such rally.
If this is not BUBLE nothing BUBLE on earth.
Amazing man unbelievable.
Anyone trades dow jones i guess shorted this anytime in lifetime and bail out.
When this rally finishes there will be major breakdown. :)
Anyone wanna see buble this is the buble.
Good Luck.
CORRECTIVE STRUCTURE IN DJI - 1H CHARTHey Traders,
Just wanted to pull this simple analysis on DJI (Dow Jones Industrial Average)
We had an impulse and a corrective structure, I am sure we can get a brakeout soon, watch for that and then go long for a short term trade.
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Hey Traders,
Simplemente compartir este analisis en DJI (Índice Down Jones)
Tuvimos un impulso y una corrección. Estoy seguro que pronto el mercado rompéra alcista, estad al tanto y en la ruptura de la estructura buscad una oportunidad en largo a corto plazo.
Carlos
$DJIA $DJIA Long Term ElliottWave CountThe price of the Dow Jones $DJI has reached long term extreme levels with the 14day RSI marking max levels inline.. Note Elliott Wave theory requires RSI divergence in wave 5 while wave 5 is not the extended one (wave 3 already extended).. Setting this rule on the side and assuming that indeed price is rolling the last 5th wave, I would like to see a possible small pull back to a Fibonacci level and then an extension up again to new highs to see what Fibonacci levels are playing in this last extension up and possibly decode the waves since the extension started.. The reason yet counts have not been marked on the chart for the last extension as wave 5 up.. Note as well at 21.2k price will hit a major resistance..
YM1! & DXY @ Weekly @ "operating under cloud of uncertainty""it`s been a long time as we`re coming" & "theres no turning back now ..."
(www.youtube.com) as the blues - under the clintons (with their fake code red policy) takin over the US - after the cold war! By the way, paint it on the wall , if u don`t wanna buying it ;) After Bush junior and Obama, meanwhile Trump will be right red president, with the best result since years !!! More isn`t possible, hardly !!! The takin` over spoils my imagination (www.youtube.com) also :flushed: ...
How ever, enough (true red or even fake blue) raps - let me show you a few calculations :P
DXY raised just less than 3% & the YM1! just less 8% - last two years! Form this point of view (bigger picture - even takin over of the republicans while the midterm elections and last president elections) we can`t talk from a rally! It`s much more somthing like a come out from the blue water under Obama & this all Anti WalLStreet Movement (under Sanders). If the republicans (under Trump) the market not disappointed - lower taxes, better jobs & more fiscal stimulus - and the fed (under Yellen) don`raise the rates to fast 2017, the market is starting to anticipating and prisíng this (future) in. "No trace of euphoria - Rather, relief that we`re in power back again. And this more powerfull as we all were able to imagine!" But let`s leave that left behind, that topic we already had ;)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a big picture analysis - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
YM1! @ 30 min @ give him time until Christmas (until evening)basic upside trend is still intact - and runs around 19500 (today) and even around currently prices around 19838 (while 23rd december`16). How ever much more important is the 19810 price are, in my opinion! `Cause this price was the low before yesterdays fed rate hike. And from this point of view, technicly bulls need to defeat this price areafirstly, to get accumulate more bulls for higher prices.
The targets are clear:
19900 last alltime high (tuesday)
19911 alltime high (1st reaction - while fed rate hike releases)
19930 target of lows (before and while fed decission yesterday)
20140 high & low projection while yesterdays fomc press conference
But as i am trying to say: "give him time until Christmas"
- it`s not forbidden to buy lows tomorrow or even next week :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a analysis (for swing traders) - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
YM1! @ 1h @ in front, while & after FOMC press conferencelet me first clarify: "i got cold feets traders - & closed my both long positions in AXP & GS"! I am thinking that we will can buying both shares a little bit cheaper, in the next few days :shades: ...
In the YM1! i am still long, not only `cause the sentiment is by far not so euphoric even like in the banks & financials. And by the way the chart is also looking much better! Not so fast and furios - and much more constructive! I`ve made the effort, that everybody understands what i mean - and why i am slightly optimistic - not sensitive - still restrained (kosher) bullish :)
As long the consolditaion Box holds between 19605 & 19431 Points i don`t see any reason the get in panic about the future - in the YM1! - in the US Major Equities - in the US Blue Chip shares.
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
E-MINI DOW JONES @ 60 min. @ slightly optimistic upside trendFrom the technical point of view, the E-MINI DOW JONES FUTURE is in an intact slightly optimistic upside trend.
I am pretty kosher bullish and would prefere to buy back above 19000 - even between 19150 & 19100 ...
I don`t think that US Labour Data or even FED Chair Woman Yellen will stop this trend !?
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
Dow to get 23k before crashMorning guys,
Wishing you all a happy weekend - I will not be free much this weekend so wanted to share this chart this morning. The eurusd call was completely as expected which was brilliant for us all, please see the related idea if you have not already plenty more opportunity before we reach parity. There are still plenty of people who continue to think inflation is bad and rising interest rates. Deflation has done nothing to help the European economy. All they keep doing is reading their text books from school.
The Dow has made a thrust up to the late 19k level. We can see technically, the market has closing resistance at 19576 level with the next level up at the 19731 area. I suspect that the majority of the retail public will start to jump in after 23k is exceeded on the Dow. They will keep expecting this to "end any day now" and we may yet get that Phase Transition after getting through the 23,000 level.
The highest PE Ratio took place in 2009 during the crash - not a bull market. Why? Smart money just wanted to park in blue chips. There are times when you just want to park your money when banks and bonds are not a place to be.
Volatility will rise next week, we could pause, retest support then turn back up into January. There is a risk that we then have a correction.
Naturally these moves present great investment opportunities, more on this to come.