Djianalysis
Dow Jones getting ready for a big short to 31,139 - SMC explaineRising Pennant has formed on the daily.
We are approaching the apex of the triangle.
All we need is a break to the downside
Target 31,139
SMC ANALYSIS:
Buy Side Liquidity Order Block has formed at the top of the Pennant. This is where Smart Money will come in sweep liquidity and the price will pull back down as they sell into the buy side.
This will confirm the downside to come.
Head and Shoulders Bottom in Dow Jones Dow Jones Industrial Average (DJI) has formed Head and Shoulders bottoming pattern and has broken out of the H&S neckline resistance zone. We can expect a retracement back to the neckline and if buying strength continues, price can meet measured move target of 33300.
Intraday Bullish setup on DJIOn a weekly chart, the price broke above the upper band of an expanding wedge channel, now it just made its second retest of the upper band- making that level a bit more stronger (provided it does not get broken).
So, i am having 2 bias, one is mid-term bullish bias as shown in the above chart. A break above the Intraday - OB followed by a retest would mean that buyers are still very much interested in riding the price back up.
Alternatively, if the price break down and fall back inside the wedge (weekly) then the FVG could get filled up and it's going to be a quick bearish down pour.
So, stay close and watch how it plays out.
DJI - Be Ready My FriendsHi, this is my new update for DJI. As you see in the first picture, we are exactly in the same place we should be for a big crash. It is difficult to estimate a date, but I expect we are going to see 80% downside on DJI in the near future.
Right now we are on a beautiful uptrend channel pattern and it has acted as resistance level multiple times and the middle line has acted like support level multiple times. At the same time we have An RSI divergence in monthly chart and that indicates we are ready for bearish signals.
DOW30- Will CPI data trigger a break and a push above 35k?After the double bottom under 29k and a break above descending trend line resistance, Dji has started to consolidate (as if it was waiting for Nas100 and SP500 to catch up, and now are all aligned:) ).
Technically, the picture is bullish and crystal clear, with a price waiting for a trigger to break above the triangle's resistance.
CPI could provide this trigger and, in such an instance, bulls could push Dow above 35k.
P.S: I don't think we are out of the woods and this optimism will last, but I've learned to now argue with the market
NDQ/DJI - Short; Significant Statistical Arbitrage opportunity!While the NDQ/DJI, itself, represents a significant trade opportunity here, even more notably, a number of the index components display remarkably skewed "Greeks"! (For example, APPL-GOOGL, CAT-PEP, TSLA-BA, etc..) E.g., It is a rather strait forward process - at these levels - to assemble baskets of stocks (Long) in each index (Short) with rather juicy, +30%-40% near term (<7 months!) profit targets.
All this is a strait forward process - once one starts looking :-)
p.s. Will provide ideas for some of these stock baskets if/as time allows.
Dow Jones: Friday Feels 🍾After moving sideways, the Dow Jones should finally commit to dropping to the orange target zone. Within 32 401 and 31 689 points, the Index should hit the corrective low of the orange wave iv, which would turn the trend back North. On that note, we expect the course to rise above the resistance line at 34 707 in order to complete the blue wave (i). In our alternative scenario with a probability of 45%, the Dow Jones could exceed the resistance mark at 34 707 points right away, without dropping into a correction beforehand.
Dow Jones needs a breakout before an entry kicks inConfused Triangle has formed on the Daily.
We are in the apex, so awaiting a breakout.
First 7>21>200 - Bullish
RSI >50 coming down (mixed)
Target up 36,288
Target down 31,559
This clearly shows the confusion with the index as well as the fundamentals with the uncertainty with interest and inflation rates.
The Fed is having a meeting tomorrow to discuss the macro aspects, which it looks like investors remain trepidatious.
I will be waiting for the breakout before making any rash decision.
Dow Jones target still on track and new Target to 39,000Old Cup and Handle on Dow Jones is still in play and the target remains at 36,694
A new C&H is almost confirmed with the break to the upside.
The new target is 39,000
7>21 and price >200ma
Broken out of medium term downtrend
Bullish
The Dow Jones seems to be following the January effect (with expected upside)
Also, with Inflation coming at 6.5% as expected, shows the Great Inflation stage is over for now.
This is good for the economy as people will spend more and invest more.
Hopefully the rally will continue.
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