Traders, DOWI (Dow Jones) pushed really nicely after a good correction. Now like all indices worldwide this is also looking over stretched and has started to go side ways on higher time frames. The current weekly price action has been very strong. The current weekly candle is very strong and next week it is expected to have a bull candle too but we must wait and...
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Expecting a new record high for major equity markets(DJI , SPX , etc.) till september-october '19. After that another deep correction may follow that highs before the new economic expansion phase. I believe the worst is already behind , bottom was formed in 2018. TP for Longs : 28.000-29.000 Correction Deep Target : 23.000-24.000 Good Luck.
As we have been rejected at 26000, media remains optimistic as we approach another major selloff with ongoing trade talks with china and the ever changing FED rate news it is clear we have topped out with this dead cat bounce and will retrace down following the resistance.
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the Ym is pulling back from todays hi, it will pullback all the way to 2407 after that i will look to enter long all the way to the 38 fib. retracement from feb huge drop.
" The Dow industrials broke above the 25,000 level for the first time on Thursday " www.reuters.com
$DOWI 2.62 Fib ext and channel resistance. RSI MACD extreme reading along with SKEW. Short buildup likely
$DJI hitting massive technical levels . BOth Medium term and short term resi lines have been hit now. The ascent on the back of tax rate cut started in Nov 16 and now mkts are up 4000 points from pre trump ATH. At the least a corection to key 200 MA should unfold before Santa rally season in late nov-Dec comes in play
DOW vs ASX nearing ATH of 2000 Tech bubble. History may not repeat but sure can rhyme
Center line of two long term channels at same location: our current price. Feedback welcome.
We've reached significant top for SPX. I will like to drop to 2200s and the continuation should last for months Imo.
A lot of moving components and policies that were implemented in the past is leading to markets crash near term IMO. There are reasons for everything. Gold is relatively cheap right now compare to what will happen next IMO.
DJIA is ready to move down to below 17.5K by mid-June
Today's price is as if tomorrow's NFP is priced in. We should see a substantial sell off tomorrow. Either it breakup above today's close or close where I point the arrow. Thanks for the view. Feel free to comment.
we have a serious Fib resistance at 2420. This chart kind of make sense to me. I think we are due for a big pullback.
Flat pattern is expected to end the correction of wave 4, then there is a new high is coming. Good luck,