Will history repeat ? The bar pattern overlapped shows a really interesting view on the market structure compared to 1929. Things are looking very much the same 100 years later. Price hit the 3.618 Fib extension in 1929 and crashed shortly after with the tension of war at the time, you had the Sino-Soviet conflict with Russia and china in 1929. 100 years later...
US30 last 1 month trending channel DOW INDUSTRIAL AVERAGE INDEX
i think equity markets will run for all time highs. we might see some sharp bullbacks in short term trades , but overall bigger picture still looking bullish to me. watch for big dump if SPX overshoots up to 4000-4200 range.
US30 AND GOLD Both cannot move into same direction - Be cautious
If resistance has been found, down we go...
We broke downward out of the rising wedge so beautify. It looked like the top of the B wave was in until price decided to make a HH, which may be a potential bull trap. If we can range between 22k - 24k, my EW count will still be in check. A break below 22k will confirm my count and I expect to see many bears entering here. Another wave up would launch us to the...
The market has been rallying on positive news of antivirals and re-opening the economy. Could this be the time to go short. Is this rally over? I think so. To me it seems reasonable to believe that we will either retest the lows or make new lows and follow this EW pattern that I have outlined.
DJI is extending the 1D Channel Up (RSI = 60.150, MACD = 193.000, ADX = 15.316, Highs/Lows = 339.6071) after the MACD turned bullish following the January 31st bottom. However as the overall bullish pattern is the 1W Channel Up that started in July 2019, is near its Higher High trend line again, there is a high chance of a pull back. Last time the 1D MACD turned...
Every 29 years Saturn does a full orbit around the Sun. Along the way Saturn makes a few curious aspects to other planets in our solar system. The interesting idea here is watching Saturn interact with Pluto and noting how that affected the market. In astrology, the most influential aspects are square, conjunction, opposition, sextile, and trine. In this study we...
I DONT KNOW ABOUT YOU GUYS, BUT CHART LOOKS VERY SIMILAR TO 1929
" The Dow industrials broke above the 25,000 level for the first time on Thursday " www.reuters.com
Projecting a Dow top on 17th May 2017. Show me a cycle that works as well as this one has since 2009.
Update of a chart I published last year, nothing has changed just more price data. top 17 May 2017?
A month ago when the Dow Industrials was at 19804 I suggested a likely target of 21000-22500 (see link below for discussion at that time and longer term charts). This morning we entered the lower end of the target box I suggested so I thought I would update the channels that I drew starting in about 2010. With the most recent up going channel starting 2016...
This is an update on this earlier forecast from 28-01-2017: We have seen a retrace below the 19925 followed by a surge up to 20250 as predicted. See snapshot below: It looks like the Dow Jones is topping. Notice how (on balance) volume and price start to diverge. This is a clear sign of weakness. The previous analysis is still valid: Expect a notable...
Here is the way I see it. Generally (but not always) when prices rise into a triangle they rise coming out of it.
9 months ago I posted a long term chart (link below) suggesting the top may be in using a Fib fan (one fan that I have tried where most of the major turning points actually seem to relate to the fan). In that chart I showed another option of continuued up move. That up move which we are in now seems likely to me could go up to the next fan line level which is...