Dow Jones 30 Robust Demand| 3rd March 2020"I can calculate the movement of the stars, but not the madness of men."
-Sir Isaac Newton
The daily chart close with last week price in robust demand. This is the potential buying signal from the bear traders as the movement of the bull has been spotted on H4 with evening stars. The price closed at 25553.00. Would be advisable to put trade on the key above 24500.00 any price.
I will look onto the chart on Monday open whether taking another more deep price before hold the long and adding lots. If this has not resolve on the fundamental week next week, would be the price to go below and sending it to 21555.55 to the market crash 2018.
Remember, you can never have to enjoy the long term bull like you did before as the coronavirus is still in the background as the economy not recover yet.This is just the beginning of the crash sensation.This is just the beginning of a downtrend.
By Zezu Zaza
Dowjones30
DOW JONE 30 new sell set up for this weekshort term trend is confirm down trend for February 2020
new sell set up forming up, a pull towards defined levels expected today, and from those levels any sell set up of 2nd rejection one can sell with institutional traders.
Play smart.
Ertiza
DJIA Stay In A Risk-On MoodUS equities rallied last week to new record levels with the Dow Jones Industrial Average breaching 28,000 for the first time. Soft economic data, Trump’s impeachment hearing, Hong Kong protests, and Middle East unrest were all considered secondary factors in investment decisions.
Today European stocks kick off a new week a little flat, with more talks between the US and China failing to excite investors in the way they have been recently.
So, what now? With the economic calendar being empty to during the start of the week, any trade updates will dictate the mood in markets. As things around the trade talks stand optimistic, the Dow is set to hold above the 28K level at the open. The market is trading on the strong side of an uptrending Gann angle from the 25,743 main bottom on October 3. Look for the uptrend to continue as long as the Dow futures contract holds above this angle.
The 55-day moving average has risen to 26,972 and could provide support if the price begin to fall. A move through 27,400 will shift momentum to the downside. This will not mean the main trend has changed, but it will indicate the selling is greater than the buying at current price levels. While the nearest main bottom 25,743 hold, the uptrend is safe for now.
