looking for a rebound soon and recovery this year. possible targets : 330$ , 425$
Caterpillar is at site, working on wave (2) in magenta, which should lead further downwards into the magenta-colored zone between $198.40 and $171.37. From there, the share should turn upwards again, climbing above the resistance at $266.04. However, there is a 34% chance that Caterpillar could slip through the magenta-colored zone and drop below the support at...
Visa is moving just under the resistance at $235.85 – vis-à -vis with this mark, so to speak. Soon, the share should climb above this level, though, to complete wave b in magenta. This done, it should return below $235.85 and continue the descent below the support at $208.76, dropping into the turquoise zone between $204.28 and $187.10. There, the stock should...
Ever been to the supermarket and couldn’t reach the topmost rack? Walmart seems to have a similar problem, struggling to let go of the mark at $150.12 to hit the turquoise zone between $152.54 and $161.76. However, we expect the share to touch at this area soon to finish wave B in turquoise. This done, it should turn downwards, returning below $150.12 and slipping...
… or what was that saying again? Anyway, after a short hiatus, the bears in our United Health-chart should regain their health and get back to work. They should soon push the share below the support at $456.73 and from there into the dark green zone between $427.67 and $391.43, where wave A in dark green should end. This low should then be followed by a...
As a hard worker, Home Depot has just recently nailed down wave X in green, hitting our green target zone between $282.54 and $260.03. From this low, the share has already started the anticipated ascent and thus should soon reach the resistance line at $347.25. Next, Home Depot should saw through this mark and climb into the gray zone between $360.98 and $402.97...
DOW30 - Intraday - We look to Sell at 29608 (stop at 29955) The primary trend remains bearish. We are assessed to be in a corrective mode higher. Bespoke resistance is located at 29700. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 28828 and 28600 Resistance: 29700 / 31100 /...
DOW30 - 24h expiry - We look to Sell at 29575 (stop at 29986) The primary trend remains bearish. We are assessed to be in a corrective mode higher. Prices expected to stall near trend line resistance. Preferred trade is to sell into rallies. Our profit targets will be 28614 and 28400 Resistance: 29660 / 32700 / 36800 Support: 28600 / 26000 / 24000 Risk...
Currently @ 34645 This is a long term analysis on the Dow Jones In the month of May we have seen high volatility in the Dow Jones, which was fueled by inflation fears in US, seeing the Dow lose +1500 points just in 2 days Though the Fed has assured the public & investors that they have everything under control & their tools will be able to manage any outcome....
S&P 500 and Nasdaq all these indexes broke the top that reached in February 2020 even with all uncertainty and the bad data provided by companies earning during the pandemic, except DOW 30. This index alone proves that the market is weak and once it reached near to the top that made in February 2020 the market start going down bring with it all other indexes. For...
Dow Jones Index, DJI, (expect same on all exchanges) Forecast. Buy and Hold in next crash around September when second wave of Covid-19 starts.
Time to send the market into south direction. Why? 1) Recession marks in world Economy 2) No Trade Deal China - US 3) Massive overbought divergence H4-D1 4) Earnings Q4 2019 are low fitted 5) Markets bubbling up Target 1: 26.350 Target 2: 25.640 Time Nov-Dez 2019
The Bull Market is finally over after the last 10 years BULL RUN WITH a FINAL PARABOLIC. We have reached a matured stage of both TECH STOCKS and TRADITIONAL STOCKS Market. It is high time for a heavy free-fall and an ending bearish engulfing should lead the start of a stock market SLAM DUNK in 2019. OMFG, look at that interest rate now from the FED.... Isn't it...
From my earlier post, we just broke the ice and are now turning support into resistance. What come next is markdown.
Dow30 immediate trend is down. However, support is found at 24745. There are 3 resistance level which you can place your shorts. R1 : 25320 R2: 25783 R3: 25990 Take your trades with short term perspective in mind. Wait for bearish candle to show up at these resistance levels before taking the shorts. Visit my Patreon for more forex and trading educational articles.
Weakness is seen in Dow30 with the lurking threat of inflation. Any retracement upward is a good opportunity got shorting. Stop loss should be somewhere around 27000. 26000 would be a nice target.