Dow30stock
Caterpillar: At site 🚧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 $160.02. In that case, we would expect the share to develop a new low in the form of wave alt.2 in green first before heading upwards again.
Visa: Vis – à – vis 👀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 finish wave 2 in turquoise, whose low should then initiate fresh upwards movement. However, there is a 34% chance that this low could already be established in the form of wave alt.2 in turquoise. In that case, Visa would maintain the upwards momentum.
Walmart: Within Reach 🙌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 further below the support at $136.09 to complete wave (A) in magenta. After a short counter movement back above $136.09, the share should drop below the support at $117.27 and into the gray zone between $116.49 and $105.01 to place the final low of wave IV in gray, which should then initiate a new upwards trend. There is a 37% chance, though, that Walmart could shoot through the turquoise zone and conquer the resistance at $161-76 directly.
United Health: Healthy As A… Bear? 🐻… 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 considerable upwards movement above the resistance at $501.40. There is also a 37% chance that United Health could cold-shoulder the dark green zone and climb above $501.40 directly. In that case, we would consider wave alt.A in dark green to be already finished.
Home Depot: Diligent ⚙️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 to tape down wave b in gray before turning downwards again. The following descent should then lead the course back below $347.25 and subsequently below the support at $260.03. There is a 37% chance, though, for Home Depot to drop below this level early. In that case, we would assume that the share has last developed waves alt.1 and alt.2 in green instead of waves (A) and (B) in magenta and thus has already finished wave alt.b in gray.
Selling US30 into current resistance.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 / 32600
Support: 28800 / 26000 / 23500
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Selling US30 at current resistance.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 Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Dow Jones US30: Potential Crash?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. Regardless of this statement
some still fear the worst & predict another market crash due to hyper-inflation if the
Fed's tools fail.
That been said lets look at what technical analysis is showing us @ the moment.
We love to use Harmonics as they help us spot reversals and help us capitalize on them
before they happen. Do note Harmonics are not always accurate just like any other indicator
but their accuracy is notable.
Now looking @ the 1W / weekly chart we have a bearish harmonic, though not yet confirmed
But this shows a possible reversal & if we look @ the last bearish harmonic on the 1W chart
is was last year Feb - March whereby Dow Jones fell by 10,000 points due to the pandemic
Now if history repeats itself & we see another fall this time due to something else
e.g. hyper-inflation we would expect Dow Jones to fall to at most 23,000 before
recovering. The last Bullish Harmonic is based on our prediction.
link to previous analysis below
Do note this is just an analysis based on technical analysis & current events. All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Dow is more reliable in measuring the market sentiment 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 me, I think right now the DOW 30 is more reliable to measure the market sentiment than S&P 500 even if the first just has 30 companies than the last one which has 500 companies. Because the 30 companies in dow 30 are the strongest companies in the US Economy.
Its time to care about recession and reality, even if we don't..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
DOW JONES to FREE-FALL in 2019 - RISING WEDGEThe 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 obvious what's imminent?
#Disclaimer, this is just a forecast. Happy Trading and good luck folks 2019 - FTD
Dow30 Shorts... but wait for retraceDow30 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.
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The Trade of The Century!Hi All,
The Dow reversed it's 9 Year Bull Run in January 2018.
Wave 1 Down gave us the base of the Corrective Range.
Wave A set the high of the Corrective Range.
Wave B is complete.
Wave C is happening now.
Upon Completion, The Bear Trend will continue, with the initial Target surrounding the 20,400 level.
Good Luck all.
Riaan
GS @ daily @ highest H/L-Range (dow shares) last weekThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
drive.google.com
4XSetUps for next week - friday close (DOW 30 Index & all shares)
Best regards :)
Aaron
MRK @ daily @ highest H/L-Range (dow shares) while 2017This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
drive.google.com
4XSetUps for next week - friday close (DOW 30 Index & all shares)
Best regards :)
Aaron
AAPL @ daily @ closed higher last 3 weeks (trend still friendly)This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
drive.google.com
4XSetUps for next week - friday close (DOW 30 Index & all shares)
Best regards :)
Aaron
XOM @ daily @ closed 5 weeks lower (friday) maybe bottomedThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
drive.google.com
4XSetUps for next week - friday close (DOW 30 Index & all shares)
Best regards :)
Aaron