DJI - Comparing Today's Market vs September 1929Comparing similarities between today's Dow Jones vs. 1929 boom & crash.
Looking at 1929, there was a similar, but shorter-term double top prior to the crash, but instead of crashing after an apparent double top, we blew upwards massively first and then crashed.
Djiaprediction
ridethepig | Dow📍 Major Updates on Dow, Nasdaq and S&P coming this week.
Equity buyers are not happy, the loss of the technical structure seeks compensation and yet in similar risky fashion the Portnoy crowd continue to buy the dip at over extended levels. The one missing aspect to their account, inflation, it will land a devastating blow to the real economy and eventually, when the Fed taps, the stock market will follow.
The Russell already broke down:
Late buyers are trapped. We are going to hear a lot more on the media about how investors continue to rotate to value, but the cycle down has already started and this is an advantage to sharp speculators. To the downside the levels to track 24,500; 22,800; 18,600.
Thanks as usual for keeping the feedback coming 👍 or 👎
Head and Shoulders formed in DIAHead and Shoulders pattern created in DIA chart on September 17th. Downward baseline/trendline formed between the 17th and the 30th of July. Idea is that the market drop from the Head and Shoulders pattern must break down through this trend line (minimum drop level) before a bottom forms from this play. Short Call.
#DOW - Another 800 points fall? #US30USD #tradingview #djiAfter such a dynamic crash yesterday, a recovery could currently run as wave b.
Following a further sell-off of 800 points in the direction of 27,640?
There the continuation of the bull market could be expected.
So wait and see and drink tea/coffee and prepare for a short and subsequent long position.
Best regards from Hanover, Lower Saxony
Stefan Bode
Dow Jones Suggesting The Next Great Crash in 2026Hello everyone,
We hope that everyone is having a safe week! Here we would like to show you a massive overview of the Dow Jones - the longest raiding stock data available. The reason why we believe the bull run will continue is due to the 'Resistance Turned Support theory'. It suggests that IF all things considered the market continues to trend the way it is, we may be on to a huge move to the upside. A break to the upside would bring us up to new highs all the way until 2026 as long as we stay within the channel.
X Force provides quality content provided by experienced traders who would like to make charting more simple for the general public. If you love our content, please make sure to give us a 'like', we would highly appreciate it!
DowJones - Only levels I'm playing right nowLong above upper black
Short below lower black
Keep it SIMPLE
Neutral on DJIA (DOW) , will long at upper black if brokenWill look at a scalp long if $26,005 breaks will layer profits in from 50 to 200 points as there was a strong move opening up on Sunday.
I have stop/buys orders in place. Please keep in mind this is not a long and my order will not be executed until $26,005 breaks (if it never does that is ok) I will cancel my order.
About me:
I keep trading as simple as possible. Will not give my method but will give you entries.
Don't get greedy. Take profits quick when in green.
Let's make money together!
DJIA (Dow Jones) Futures Losing Momentum (I'm short)DowJones agianst resistance and losing momentum, I still believe we are in for a correction.
Currently in a short and always have layered profits down to my target or $25,750 (always book profits) and don't get greedy on the way down.
Questions or comments please let me know!
About me:
I keep trading as simple as possible. Will not give my method but will give you entries.
Don't get greedy. Take profits quick when in green.
Let's make money together!
ridethepig | Equities Breaking Down!📌 Flows to illustrate end-game cycle chains
-> Here we are tracking a very advanced flow, the struggle for Long Bonds to complete the final ⚠️ breakdown and trigger capitulation in debt . This would be more natural to develop ahead of US elections as it would imply maximum pain giving enough energy to help form a base on 'surprise' Trump victory.
To keep the pressure on we will see the usual talking heads; Fauci, Gates and the rest push for further lockdowns, but the correct flow was indeed called earlier in the month to switch from the 3,200 SPX which is when we went underweight US Equities. In the Dow, 26,500 is now acting strong resistance and will be difficult for buyers to crack that ahead of Elections; remember we also have no-deal Brexit and Covid all still to play for...
The unaware will continue to buy blindly, unpacking the scrabble box and load thinking its a one-quarter wonder recession - retail participation is shooting through the roof. It was a necessary ✅ to clear before we can see the Sovereign Debt Crisis. Smart hands are tracking the claims number and understand that recoveries DO NOT look like this:
Fortunately we were ahead of the weakness in Global Equities and Vol, but the rally has been difficult to defend:
This next leg lower can now be played. Seller's positioning after Witching with this little loosening move created the room to attack. In the immediate time; look to target a sweep of the lows before adding any US exposure for the next business cycle.
Notice how we still did not get into the 15,500 zone called earlier at the lows:
The courage to intentionally let retail hang oneself for weeks; just on account on a remote possibility of a second wave; is now sadly going to be rewarded. Look at defaults coming to our theatres very soon, sellers smell blood and have suddenly awakened to fresh activity!
We also have the VIX Panic Cycle entering into play right on time as forecast, it has been game, set and match for all of those trading VIX flows live:
Thanks as usual for keeping the support coming with likes, comments, charts and etc!
LONG - Dow Jones Industrial Average (DJI)Hi there!
This idea/trade is pretty simple and it comes up few and far between. It is strictly based on price and nothing else. Human nature never changes and it's interesting that the two times this has happened in the past were also during "panics". These trades typically last a few months so just keep that in mind. The details are below.
All the best,
Andre
CHART INTERVAL
2W (2 Weeks)
THE SIGNAL
When the close is more than -3 standard deviations below the 20 period linear regression on this time frame, it indicates an amazing long opportunity. The exit is a 2W close above a 10 period simple moving average.
THE RESULTS
This has only ever happened twice:
First Time
Entry: November 11 1929 @ the open (220.39)
Draw down: -11.36%
Run up: +24.78%
Exit: February 2 1930 @ the open (270.54 +22.76%)
Second Time
Entry: October 26 1987 @ the open (1839)
Draw down: -5.72%
Run up: +13.00%
Exit: February 29 1988 @ the open (2032.20 +10.51%)
THE RISK
As you can see from the trade draw downs the maximum is -11.36%, of course it is absolutely possible to exceed that.
**Important: Remember that leverage increases the draw down number... i.e -11.36% with 3x leverage is -34.08%***
Update Dow for short term I believe the rise from a major bottom is a correction wave (ABC). the price now in the last fifth wave of C or 1 of C. Both scenario indicate that the price should make new high and this is a good opportunity for the short-term trader. I am in since last week and my SL is the bottom of last week. There is another suggestion that wave 4 has not completed anf unfold as a complex correction but less likely.
DOW IS IN RANGE FOR LAST TWO DAYS WILL IT BREAK TODAY !!COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE.
1.In point no.2 I shared that market is trading in no trade zone can not decide any side position. You can see it spend all day in small range not giving chance to earn both sides. That is why I said no trading area.
2. Now I have been saying since last Friday that short is my biased for market but market is not providing set up to go short side. You can see in fig. I made a green circle which is pointing two candle formation that price is rejected in first candle and weak bulls tried to take price out of pink color zone. But in last two hrs. bulls again tried but could not.
3. You can see left side of chart on same zone two days back first rejection of price. This is providing that bears are eager to get price control from bulls. Until and unless price breach the upper end of red dotted zone we can not consider strong bears entry. This is four hrs chart. Now I show you lower time frame of 5 min in lower box. See what is happening . I feel local distribution is going on showed in two green vertical lines. when this process complete price will start to move down side. Till then price will remain range bound.
4. Stock is game of probability so we find good set up in best probability side. So other side move can come if market break Z point swing then I will be bullish. Rest market is supreme will decide today.
YOGESH VATShttps://www.tradingview.com/x/6zAWhw4m/
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
Ready for ONE MORE Time BUBBLE Crush ?( Next Month)Ready for Crush? End of This month until June End, All Market gonna Crush Again.
Currently, Market not move technically or fundamentally, Only pump and dump with fear of Covid-19
Fed Helping Market to stable but for how long they can stable once this Virus long down End, Stock COULD crush one more time then later year Pull back.
🛑SUPPORT/RESISTANCE
✅S1= 23800
✅S2=22000
✴️R1=24500
✴️R2=25100
Please like, share, comments and follow me to get daily base analysis
Thank you for your support, I appreciate it.
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.
GET READY TO SEE TREND CHANGE IN DOW FROM MONDAY ONWARDS TRADE PLAN FOR 18/5/20( MONDAY)
1. The chart I am showing is the daily chart of DJI . Here currently dow is in local distribution phase , where last leg of upwards move is going on. In fact intermediate corrective structure last leg.
2. This is irregular corrective pattern whose last leg is expected to go in red dotted upper micro zone . This the point where this local phase of distribution will end with the completion of c leg of intermediate correction is expected to finish. It may be possible that price would move from lower end of red dotted zone to down side.
3. When this sort of structure gets completed , then with trend gets started that is from point Z is down. Therefore, as per my analysis dow will see fall from Monday on wards. As you all know stock market is game of probability nothing can be 100% sure. So some conditions also apply with this analysis. lets us discuss them in detail.
4. You can see in fig. I made an arrow of green color pointing towards up side. In fact that is showing one condition here. The condition is If price breaches the upper end of micro red dotted zone and comes back in next one hour with out breaking swing of upper side and the day candle closes in red zone, then this zone will remain intact. And positional shorts can be taken with the stop loss of upper swing high. with the first target of blue support line.
5. On the other hand , on breaching price from upper band of red zone and price do not cone back in next one hour of trading then sentiments of shorts will change to longs. Rest market will decide . Price is supreme.
YOGESH VATS
DJI: Market Showing Weakness, Short Term (May 3)X Force Global Analysis:
All markets is currently showing weakness in both technical and fundamental reasonings. With no clear signs of recovery for the COVID-19 situation, we may see an uprise of technical traders taking advantage of the situation to drive price down even further trying to keep the technical aspects on a larger picture in tact.
With that being said, we can see a clear break of the 1D rising wedge that may drive us down to the main three fib levels.
Another interesting correlation is with the cryptocurrency markets, where Bitcoin is showing similar signs of retracements and bounces. Please check the extreme similarities in our other analysis:
Trade Safe.
Is It Time For The Recovery? Or More Down Side? (DJI)Their is a lot to study here.
Ever since our initial breakout we have not seen a retest on the breakout to test for a support.
Each impulse has decreased roughly by 7% each push back up.
The last wave was a 7% impulse as we reach the level of Resistance.
The decrease in buy percentage could represent a correction to come.
24815 is key break level for upside continuation.
If it did fail to breakout out I'd look to play a bounce off the downward breakout level to see if we can find support.
Total we have 5 waves up to current level. Could be end of a wave cycle.
I know that these times have impacted many lives and ultimately I just wish it would fly back up and the world can go back to work.
Very critical area for the stockmarket around these levels.
Enjoy.
SPX: The Great Depression and Today's Market 1W (Apr. 27)X FORCE GLOBAL ANALYSIS:
The Great Depression that took place in 1929, took 10 years to recover, and is still remembered as one of the most devastating events that hit the stock market. Today, the stock market is recovering from a devastating hit caused by a virus outbreak (COVID-19). Governments and banks have worked together, initiating both monetary and fiscal policies to resuscitate the market. However, doomsday theories arise, comparing the current situation to that of 1929. In this analysis, we explore the possibilities of a Depression in 2020.
Analysis
- First off, we look at the technicals, comparing the Dow Jones Industrial Average in 1929, and the S&P500 in 2020
- Visuals demonstrate a similarity in terms of the general trend
- Both charts start off with a parabolic move (not demonstrated above).
- Then, a phase of consolidation - marked by the red zone - which represents base 4 of a parabolic move
- The first thing to note during this phase is that we see an extended bearish divergence
- Prices form higher highs and the Relative Strength Index (RSI) forms lower highs, demonstrating a lack of strength in the bullish trend
- After reaching the peak, we see the Moving Average Convergence Divergence (MACD) form a death cross. This death cross marks the beginning of a temporary bearish trend reversal
- Then a bounce near the trend line takes place. During the Great Depression, DJI bounced over 50% before continuing to drop. SPX has currently bounced over 30%.
- As it bounces, an ascending bearish wedge pattern is formed
- As the ascending wedge pattern reaches resistance between the 0.618 and 0.5 FIbonacci resistance zones, a rejection takes place
- Prices drop further, and we see a continuation of a downtrend following the descending trend line, marked by the dotted purple trend line.
- According to Ray Dalio, one of the most successful hedge fund managers in history, there are debt supercyles
- The last debt supercycle ended in 1929, and usually last 50-100 years
- Because this crisis was initiated by a viral outbreak, the real economy has also been significantly damaged, with unemployment rates having skyrocketed
Counterarguments
- Unlike the government and banks back in 1929, we are more prepared for a crisis today.
- The US has initiated Quantitative Easing at an unprecedented rate, and the Fed has cut interest rates like never before in history
- As biomedical companies heavily invest in medicines and vaccines, we see hope in eradicating the virus.
- Since this crisis was triggered by the virus, mass production of a vaccine could immediately end the crisis (driven by bullish anticipations of the future), and possibly take us to all time highs
- The doomsday prediction has been a popular argument for years. Ray Dalio has also been taking about the possibility of a debt supercycle since 2016.
Market Sentiment:
The fear and greed index for the S&P500 Index still points towards fear, despite the huge bounce we have recently witnessed.
What We Believe
It's impossible to perfectly predict and time the market. Leveraging for maximal positions in the market is definitely not optimal, and so is terminating all positions to catch the bottom. We believe that the trend is your friend. Identifying short, medium, and long term trends is absolutely essential, and choosing the right stocks, with strong fundamentals that can stand the test of time throughout this crisis, is the recipe for success.
Trade Safe.
Dow JonesSymbol: DJI
Who said major recessions couldn't be predicted?
Buy green
Sell red
I'm just sayin.... 🤫
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- Major League Trader
The Fakeout BounceWhether old charts, new charts, big drops or smaller ones - charts with sharp drops in price share very similar characteristics. I decided to use two very different examples; one from a different period in time, though similar to our current move in size (Crash of 1929), and one from our current time period and though much smaller in size it still meets the sharp drop criteria (January 2018).
This move is pretty standard in these scenarios, a sharp wave 4 retracement after a massive wave 3 drop setting the stage for wave 5. Me personally, I am looking at the 1.272 extension as a potential bottom on this move, plus 2000 is likely to be a psychological support as well. Looking for that move to conclude most likely by month's end.