Djiaprediction
DJI at top of wedge!DJI is at a strong resistance and the top of a wedge! We can assume the price will respect the wedge and target the bottom of the wedge. The trade is how ever risky since there is no real pattern to confirm we will fall to bottom of the wedge expect the fact we are hitting resistance. If you want to be safer wait for the smaller wedge to break that is withing the larger wedge. That will be a better and safer trade!
A Topside Breakout of the Broadening Top on the DowSometimes there are topside breakouts on broadening tops, when this occurs a parabolic spike almost always follows... If today is a one day reversal and the Dow blows through the top, here is my short term price target on the move.
Broadening Top Inside a Broadening Top? That Can't Be Good...The Dow just made a smaller version of the pattern it was already in to complete the formation. I found it interesting, so here it is:
The Orthodox Broadening Top - Is a Crash Around The Corner?The 4 charts seen in this post are all from different time periods, all the same pattern, and all have the same result (except present day). Ladies and Gents 3.01% - I present the Orthodox Broadening Top (Parabolic Edition). This is a simple pattern - high, low, higher high, lower low, higher high, crash. The 1st chart (top left) is the Dow leading up to the massive crash in 1929 and the Great Depression. I'd like to point out that 1905-1920 was a sideways secular bear market before the run up (more on that in a few). I have noted years on the chart (all of them that aren't present day) where the chart seems to correlate with today's. The 2nd chart on the top right is Silver -0.20% . After that last spike, from high to low, it seen a crash slightly above 72% occur. The 3rd chart (bottom right) is the Dow back in 1959-1966. This was leading into a 16 year sideways secular bear market (like the one from 1905-1920) that was from 1966-1982. The bottom left is the final chart, which is present day. I wanted to point out that a secular bear market predated the crash in '29, and we had a secular bear market most recently (66-82) and haven't had one since. Could a crash be around the corner? If history tells us anything - that or a secular bear market seem to be coming sooner than later.
Dow Jones and the useful idiotsDon't worry, Nothing to see here.
The financial "AI" is getting new
data sets as we speak. The financial
inbreeding will continue at all costs.
We the people are just useful idiots.
Dow Futures Elliott Wave View: Reacting Higher From Blue BoxHello Traders,
Dow Futures short-term Elliott wave view suggests that the rally from 6/28/2018 low cycle to 25572 high on 7/27/2018 peak ended red wave 1. The internals of that rally higher took place as an impulse structure with sub-division of 5 waves structure in each leg higher. Down from there, the index corrected the 6/28/2018 cycle in 3 swings pullback & ended red wave 2 at 25086 low.
The internals of that pullback unfolded as Elliott wave Zigzag correction with the sub-division of 5-3-5 structure in black wave ((a)), ((b)), ((c)). Down from 7/27 peak, the decline to 25264 low ended black wave ((a)) in 5 waves structure. From there, the rally to 25486 high ended black wave ((b)) and the subsequent move lower to 25086 low ended black wave ((c)) of 2 in 5 waves structure. Red wave 2 ended within the 25174 – 25100 area, which is 100%-123.6% Fibonacci extension of ((a))-((b)), as indicated by the blue box.
Up from 25086, the index is reacting higher in 3 swings so far and longs from blue box area should be risk-free (stop loss at break even) already. The right side tag, combined with the blue box, help to identify the right trading strategy. Near-term, as far as dips remain above 25086 low, the right side of the market remains to the upside. Expect the Index to resume the next extension higher in red wave 3. We don’t like selling it.
Dji Predictable? Snoozefest for now. This is just because I got tired of hearing people say, "The dji went down today and calling it unexpected and all that.
Simple line chart, every line after the dip was there before it was hit, so I'd say that right now, as an index, it is pretty predictable.
zZzZzZ fest
Though I must say, as times goes on and especially now, It seems as if something even more and more interesting will happen. I said the same thing to my friend right before this last drop. Lets just hope the interesting event will be good and not bad.
Ima still stick with the concept that good and bad news just means look for where it will drop or stop next.
Fib is from 15.5k to 26.6k
I still think the .75 can be used on this go around as the 2nd drop in this smaller trend went quite a bit under it.
But because it seems arguable if it has been used before, I think it will be interesting to see what happens. Also the lack of support if we drop almost means for certain we have to go down to the .618, but even though the .618 is the .618, There seems to be no support and a drop to 21.6k seems likely with 20.5k-21k looking like the only really strong resistance.
Anyway take care yall.
-KTown
A Big cloud...As you can see the price dji is being maintained in this side channel formed temporarily, the price rises again and
try to crash and go through the cloud, this is a very powerful resistance
that is costing a lot of work to pass through, possibly if training turns
the price again to low, but within the parameters of tolerance of the price.
but finally after gaining ground little by little the price wants to return its march
Note that this is simply an idea of price behavior
nothing more .
DJI: Likely pathThe fib, time zones, indactors and patterns all line up for this. Im leaning towards the expolsion to the upside.
DJI: Rejection of MSM PROPAGANDA , Almost time for a ShortKeeping it simple
1. Rising Wedge TVC:DJI
2. Getting Rejected at a key level multiple Times
3. While its above the 20 MA , need to see if it breaks the Wedge downwards
4. Popular propaganda on CNBC that Bank results will lift the market goes in the air...
Short on Confirmation of Wedge Break and Below 20 MA on 4 Hr . Target remains Same At 22800
SHORTING The DJI Ahead of the Upcoming Sell OffToday is April 9th 2018. As I am writing this the DJIA is up over 400 points @ 24,352. This after a huge sell off on Friday 4-6-18 which marked the first day in sub wave 3 of wave 3. I expect a lot of down movement in price this week so I will be shorting the DJI via SDOW (3x leveraged short) starting before the end of the trading day.
As always your comments and insight are greatly appreciated.
Bear Market Bounce? Descending Triangle Short TargetI think the pattern is more evident here on the Dow Jones, when compared to SPX. The next leg down (when measured from peak to baseline) has us right at "bear market" territory. From the current high (open/close) a close beneath 21293.368 puts us below the 20% threshold, and while we may dip to this area, I'm not so certain we will close a session beneath this spot (not yet, anyways). I see two possible scenarios, the 1st is if the market caves fast and we begin the next leg immediately, the 2nd includes a possible bounce within the descending triangle formation before completion of the pattern. I would like to point out, that if there is a bounce at the 22.5k area which retraces higher than 50% of the immediate fall, that would indicate a possible reversal due to the weakness of the pattern breakout. The latest I see this playing out by is mid-June, though it could happen at any time before then.
DJI RUN , RUN AWAYYY THIS IS UGLYIF we see any spill , short DJI, short all time. 20xxx is the target.
Huge sell off is on the way!!
Easy money
Great Depression II$SPX and $DJI exhibiting textbook boom/bust cycle behavior while the $DXY ($USD) suffers among the churning of political turmoil in the background. Hope for the sake of many this doesn't occur but from a pure charts perspective it looks possible .
Update to my last DJI projectionAs you can see the DJI triangle corrective pattern is coming close to an end. Following the "e" point on my above shown chart the DJI should fall sharply.
Your anticipated thoughts and comments are greatly appreciated.
Head Shoulder Ratio: Worst-Case Scenario? Let's Hope So (Part 2)So I have been tracking this pretty extensively, just haven't posted my findings (which up to this point have been spot on) until now... Why? Because this is such a far fetched scenario, I feel in the rare event this does happen - if I don't have some kind of proof that I caught it before-hand no one will believe me lol... Now, this is part 2 which is the 30 minute chart, to show the details a bit more... The weekly shows a big nasty bearish engulfing candle, which means these last 2 weeks were simply a giant bear flag... I am expected the next trendline to be tested next, possibly another bear flag, and the testing the trend line at the bottom... Why that specific spot? Well that's where it gets interesting... The peak of the market formed a head and shoulders pattern which was abruptly followed by a very nasty spill... This current bear flag looks to be setting up a very similar head and shoulders as well... So, just playing around, I measured the top HnS from low to high, then did the same with the current pattern (actually the low from March 1st) to get a size ratio... I then took this ratio, measured the 1st fall (to the lowest low, not the 1st low) and applied it to see where it would show another possible fall based on the size of the bigger pattern... Well, to my surprise it landed square on top of the 2015/2016 market correction - which is a very likely support area if it were to fall... Not only that, but it is also right where a major trend line from the bottom of the last bear market in 2009 is sitting at... Is this a coincidence? If so, it's a pretty big one lol... Even with the current low on March 2nd we are still placed right there in the same general support area... I think Monday will see a pop and fade before the reversal and what I expect to be a monster plunge to 22k... So needless to say - I will definitely be purchasing put options into the spike of the right shoulder...
Head Shoulder Ratio: Worst-Case Scenario? Let's Hope So (Part 1)So I have been tracking this pretty extensively, just haven't posted my findings (which up to this point have been spot on) until now... Why? Because this is such a far fetched scenario, I feel in the rare event this does happen - if I don't have some kind of proof that I caught it before-hand no one will believe me lol... Now, this is part 1 which is the weekly chart... The weekly shows a big nasty bearish engulfing candle, which means these last 2 weeks were simply a giant bear flag... I am expected the next trendline to be tested next, possibly another bear flag, and the testing the trend line at the bottom... Why that specific spot? Well that's where it gets interesting... The peak of the market formed a head and shoulders pattern which was abruptly followed by a very nasty spill... This current bear flag looks to be setting up a very similar head and shoulders as well... So, just playing around, I measured the top HnS from low to high, then did the same with the current pattern (actually the low from March 1st) to get a size ratio... I then took this ratio, measured the 1st fall (to the lowest low, not the 1st low) and applied it to see where it would show another possible fall based on the size of the bigger pattern... Well, to my surprise it landed square on top of the 2015/2016 market correction - which is a very likely support area if it were to fall... Not only that, but it is also right where a major trend line from the bottom of the last bear market in 2009 is sitting at... Is this a coincidence? If so, it's a pretty big one lol... Even with the current low on March 2nd we are still placed right there in the same general support area... I think Monday will see a pop and fade before the reversal and what I expect to be a monster plunge to 22k... So needless to say - I will definitely be purchasing put options into the spike of the right shoulder...
Some more Room to Fall- play the bounce?DJI
Going pretty as per plan
Some more room to fall as per the oscillators.
May be a bounce is in play from the Trendline or the Support Zones identified before reaching the Target 2.
Due for a stock crash or will we be reaching a new high?Blue parallel channel: main price trend channel
Purple parallel channel: secondary price trend channel
I know I'm missing some crises here and there, but I figured I only need to mark some.
The correlations I am able to make is that a high RSI along with an unsavory reason leads to big trouble.
Great Depression: credit **(Edit: I forgot to add that the huge run up in the 1920s leading up to the Great Depression was due to credit and an economic boom after WWI)**
Asian/Japanese Economic Bubble: credit and overvaluation of assets
Internet Bubble: money being poured into fundamentally lacking ideas/companies
Housing Market Crash: predatory lending and falsified documentation leading to investors taking on loans they couldn't afford
2018 Crash or Moon?
I'm welcome to contrarian discussion. What i'm most interested in right now is why the stock market has been on such a bullish run since the recession.
RSI and OBV looking down. Personally I believe the stock market is going for a correction after its run. I'd be sure to change my mind once I figure out why we ran up so quickly.
DJI - Triangles suggest that the worst may be overShort-term consolidation seems to be over. The Dow-Jones Industrials Average (DJI) is breaking out of the symmetrical triangle to form an ascending triangle. The DJI should continue to rise in the days and weeks to come. Long DJI!
