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DOW JONES 1929 - Worst is yet to come Federal Reserve raising rates vertical fasted in history. 1. More people getting bullish before mass bankruptcies are filed 2. Bull whip effect in full force too many new hired people from stimulus 3. FED are stuck and have to raise rates through a recession threat to defend the US Dollar and US bonds 4. They potentially avoided the blow off top but can they prevent the collapse? 5. Banks are running into liquidity issues already 6. Unemployment claims are skyrocketing from job layoffs not being reported.
TVC:DJIShort
by UnknownUnicorn7947829
21
Collapse Of The US Economy DOW AMERICA | Part Two The Roaring Twenties roared loudest and longest on the New York Stock Exchange. Share prices rose to unprecedented heights. The Dow Jones Industrial Average increased six-fold from sixty-three in August 1921 to 381 in September 1929. After prices peaked, economist Irving Fisher proclaimed, “stock prices have reached ‘what looks like a permanently high plateau.’” 1 The epic boom ended in a cataclysmic bust. On Black Monday, October 28, 1929, the Dow declined nearly 13 percent. On the following day, Black Tuesday, the market dropped nearly 12 percent. By mid-November, the Dow had lost almost half of its value. The slide continued through the summer of 1932, when the Dow closed at 41.22, its lowest value of the twentieth century, 89 percent below its peak. The Dow did not return to its pre-crash heights until November 1954. Skeptics existed, however. Among them was the Federal Reserve. The governors of many Federal Reserve Banks and a majority of the Federal Reserve Board believed stock-market speculation diverted resources from productive uses, like commerce and industry. The Board asserted that the “Federal Reserve Act does not … contemplate the use of the resources of the Federal Reserve Banks for the creation or extension of speculative credit” (Chandler 1971, 56).2 The Federal Reserve’s rate increase had unintended consequences. Because of the international gold standard, the Fed’s actions forced foreign central banks to raise their own interest rates. Tight-money policies tipped economies around the world into recession. International commerce contracted, and the international economy slowed (Eichengreen 1992; Friedman and Schwartz 1963; Temin 1993). The financial boom, however, continued. The Federal Reserve watched anxiously. Commercial banks continued to loan money to speculators, and other lenders invested increasing sums in loans to brokers. In September 1929, stock prices gyrated, with sudden declines and rapid recoveries. Some financial leaders continued to encourage investors to purchase equities, including Charles E. Mitchell, the president of the National City Bank (now Citibank) and a director of the Federal Reserve Bank of New York.6 In October, Mitchell and a coalition of bankers attempted to restore confidence by publicly purchasing blocks of shares at high prices. The effort failed. Investors began selling madly. Share prices plummeted. While New York’s actions protected commercial banks, the stock-market crash still harmed commerce and manufacturing. The crash frightened investors and consumers. Men and women lost their life savings, feared for their jobs, and worried whether they could pay their bills. Fear and uncertainty reduced purchases of big ticket items, like automobiles, that people bought with credit. Firms – like Ford Motors – saw demand decline, so they slowed production and furloughed workers. Unemployment rose, and the contraction that had begun in the summer of 1929 deepened (Romer 1990; Calomiris 1993).7 Before the crash, which wiped out both corporate and individual wealth, the stock market peaked on Sept. 3, 1929, with the Dow at 381.17. The ultimate bottom was reached on July 8, 1932, where the Dow stood at 41.22. From peak to trough, the Dow experienced a staggering loss of 89.2% Between 1929 and 1933, real gross domestic product per capita plummeted by nearly 30% and the unemployment rate soared from about 3% to over 25%. The consumer price index (CPI) plunged by nearly 25%, with the rate of deflation exceeding 10% in 1932
TVC:DJIShort
by UnknownUnicorn7947829
5
DOW JONES: November Support and bottom of 4month Channel hit.Dow Jones is officially oversold on the 1D time frame (RSI = 29.490, MACD = -335.510, ADX = 43.978) with the RSI being that low for the first time since September 30th 2022. By hitting also the S1 Zone and the bottom of the Channel Down, it becomes a buy opportunity for us, TP = 33,450 (P1). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
ULong
by InvestingScope
3
DOW JONES Any doubt we are completely off Bear limits anymore?This Dow Jones (DJI) from the start of the 2022 Bear Cycle until today with the 2007 - 2009 (Housing Crisis) Bear Cycle fractal plotted on it. As you see up until the mid October bottom, the two sequences practically traded in an identical way. Since then however, Dow has completely diverged from the 07/09 fractal and despite the late weakness, it is hard to claim that we are still in Bear Cycle territory. Is there any doubt we are off Bear limits anymore? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJI
by TradingShot
5
Five Waves Elliott Wave Structure in Dow Futures (YM)Cycle from 12.13.2022 high in Dow Futures (YM) shows a 5 swing sequence favoring follow up to the downside. Structure of the move lower from 12.13.2022 high is unfolding as a 5 waves diagonal Elliott Wave structure. Down from 12.13.2022 high, wave 1 ended at 32686 and rally in wave 2 ended at 34551. Dow Futures extends lower in wave 3 towards 32527 and wave 4 rally ended at 33590. Internal subdivision of wave 4 unfolded as an expanded flat. Up from wave 3, wave ((a)) ended at 33211 and wave ((b)) pullback ended at 32527. Index then resumes higher in wave ((c)) with internal subdivision as 5 waves. Up from wave ((b)), wave (i) ended at 32785 and pullback in wave (ii) ended at 32580. Index then resumes higher in wave (iii) towards 33470, and pullback in wave (iv) ended at 33359. Final leg wave (v) ended at 33587 which completed wave ((c)) of 4 in higher degree. The Index has turned lower in wave 5 with internal subdivision as an impulse. Down from wave 4, wave ((i)) ended at 32626 and wave ((ii)) rally ended at 33002. Wave ((iii)) lower ended at 32190 and wave ((iv)) rally ended at 32534. Near term, as far as pivot at 33587 stays intact, expect rally to fail in 3, 7, 11 swing for further downside.
CBOT_MINI:YM1!
by Elliottwave-Forecast
1
DOW JONES The opportunity to buy again is NOWWe have been following this Triangle pattern on Dow Jones (DJI) trading within what we called the 'High Volatility region' since last year, with are last buy signal given 1 week ago: The 33400 target was reached and yesterday's rejection on the 4H MA200 (orange trend-line) is providing us with a new opportunity to buy. We have a confirmed Triple Bottom ranging from November 09 2022 and today's low makes a Higher Lows sequence similar to what followed after the December 20 2022 Low on the 32480 Support. Even the 4H CCI is on the exact same levels as December. Target 1 is again 33400 and Target 2 is 34350 assuming the index breaks and closes a 1D candle above the Pivot Zone and then re-tests it successfully as a Support. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
6
DOW JONES High probability buy opportunity.Dow Jones quickly reached our first two targets (see bottom of the idea for the previous analysis). Yesterday's rejection on Pivot Zone (2) creates the conditions for a new buy position since the index entered Pivot Zone (1) again. Trading Plan: 1. Buy on the current market price. 2. Buy if it closes a candle over the MA200 (4H). Targets: 1. 33500 (inside Pivot Zone (2) and on the tranjectory of the MA200 (4H)). 2. 34300 (near Resistance 1). Tips: 1. The RSI (4H) has a Rising Support similar to late December. In fact the two bottom formation are very much alike, both bottomed on a Declining Support and initially hit Pivot Zone (2). 2. 1. The MA50 (1D) moves parallel with Support (2) and essentially has provides the same level of support pressure as that level. Trend changes long term if it breaks. Please like, follow and comment!! Notes: This is an extension of this trading plan:
CAPITALCOM:US30Long
by TradingBrokersView
4
DJI Possible Drop Incoming for 2023Good morning, Traders. Right now, weekly timeframe looking like some minor up movement is still possible, but don't let that move fool you. Monthly timeframe printed a HUGE bullish engulfing candle, if that level is broken, I am expecting DJI to drop down to the 28k level. Projecting the first half of the 2023 will not be great for the stock market maybe the entire 2023. Only time will tell... Well, that's it for today, Happy holidays everyone and have a great rest of the years! Happy Trading!
TVC:DJIShort
by Vic_Tech_Trader
8
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.
FOREXCOM:US30Long
by Adefxc
DOW JONES Massive breakout. Where to profit and where to rebuy.We got the perfect buy on Dow on Tuesday and now we will discuss how to best manage it: The index is now approaching not just the 4hour MA200 but also the 33450 Resistance, which rejected the Dec 20th-21st rally. This along with the Jan 20th-23rd rally, pulled back to Fibonacci 0.618 before resuming the bullish trend. The long term Target is 34000, top of the Channel Down. Follow us, like the idea and leave a comment below!!
ULong
by TheCryptagon
4
💾 DJI Bullish But Why? & BitcoinNotice how the August 2022 peak is followed by a strong correction, instantly. The November and December 2022 peak is followed by sideways consolidation. That's why I consider this chart to be bullish. I make the same argument for Bitcoin. In the past, each time a peak is hit we have a strong correction immediately after. In the present, as each new peak is hit, we get sideways consolidation. That's a bullish signal. Thank you for reading. Namaste.
TVC:DJILong
by AlanSantana
5
dowjones 4 hour say = above low,looking for buy when you see pinbar on 15-60-2240-1440min chart ,pick buy and put SL in pinbar low,uunderstand? hold your buys minimum to fibo 50% (dont close soon) if you have old buy ,dont fear ,dow will back to high ,but put hedge sellstop in low ok? (if it open,never close it in low ,even in 10.000$ profit(ca go downer and margincall you ),wait dow goes down and back ,up trend apear,then close sell,then on high close buys) alert= dow will go to 35800 ,be carefull from sell 100% put sl good luck
CBOT_MINI:YM1!Long
by ramin_trader2006
DOW JONES This is the bottom. Fractals from 2022 confirm.Not surprisingly to us, Dow Jones has stayed inside the High Volatility region that we have identified back in late November: The 1D MA200 (orange trend-line) has supported twice already since November 10 and is now going for its 3rd hold. If we pay a closer attention to the 1D RSI we see that it has printed the very same pattern it made on all Lows during the 2022 Bear Cycle. That is basically 3 occasions. The RSI is very close to the 30.00 oversold barrier and as the 1D MA100 supports, it makes it the most optimal long-term buy level on a 2-month horizon. Even though it has been mostly trading sideways within the High Volatility Zone, on RSI terms, it is comparable to all 2022 Lows that bottomed out on an oversold 30.00 1D RSI and started an aggressive rally in the form of a Rising Wedge. Our Targets are: short-term = 33400 (Pivot Zone), medium-term = 34400 (February 14 Resistance), long-term 35500 (April 21 Resistance). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
5
DOW JONES bottomed out on a 4 month Support!Dow Jones almost hit Support (2) at 32470 a level that worked out twice since November 9th 2022, starting strong rallies to 34390 (Resistance 1). The same Declining Support on price - Rising Support on the RSI (4h) Bullish Divergence was formed on the December 20th bottom. Trading Plan: 1. Buy on the current market price. Targets: 1. 33050 (MA50 (4h)) 2. 33500 (MA200 (4h) and bottom of the Pivot Zone. 3. 34300 (under Resistance 1). Tips: 1. The MA50 (1d) moves parallel with Support (2) and essentially has provided the same level of support pressure as that level. Trend changes long term if it breaks. Please like, follow and comment!!
CAPITALCOM:US30Long
by TradingBrokersView
5
DOW JONES hasn't been such strong buy since Dec 20thDow Jones' long term pattern is a Channel Down. On this chart you can see that all 1D candles have closed inside the Channel regardless of the length of their wicks. The 1D RSI is inside a Channel Down of its own. The price is approaching a Triple Support Zone: the 32500 horizontal Support, the 1day MA200 and the bottom of the Channel Down. Last time all three were fulfilled was more than two months ago, on the December 20th low. This is a strong buy and our target is the top of the Channel Down at 33950. Follow us, like the idea and leave a comment below!!
ULong
by TheCryptagon
3
DOW JONES: Bottom similar to December. Buy opportunity.Dow Jones is technically heavily bearish on both the 4H and 1D time-frames (RSI = 34.017, MACD = -241.550, ADX = 52.078) but the 4H RSI has been rising for the past week, despite the corrective wave on the index. This price action is similar to the late December that ended with a bottom formation. Even the patterns that preceded this are similar. We are turning long again on Dow, targeting both the 4H MA50 (TP = 33,200) and 4H MA200 (TP = 33,600). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
ULong
by InvestingScope
3
YM1! US30USD DOW 2023 FEB 27 YM1! US30USD DOW 2023 FEB 27 No trades for Dow last week. Possible scenarios: 1) Rotational play: Trades can be executed at boundary of rotation range 34605 / 32789 2) Supply takes control = short on test and reject of 32789 Volume Analysis: Weekly: Lower vol down bar close toward low = minor supply Daily: Ave vol down bar close toward low = minor supply H4: UHV vol up bar + level close up bar close toward low = supply > demand Price reaction levels Short on Test and Reject | Long on Test and Accept 35750 35228 34605 32789 30513 28635 Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677