#DJI.. SELL IN MAY AND RUN AWAY!.. I think that there will be a long-term correction wave in the global markets on a macro scale, and it is getting closer.. Markets will become very interesting in the coming years, we will wait and see..
For DJI, the structure I expressed in the chart is very important and should be watched carefully.. I firmly believe that, we will observe wedge pattern in the chart of many markets in the big correction wave..
What I wrote is about strong possibilities that most investors and analysts do not express or expect.. Please do your own due diligence when it comes to trading.. Invest at your own risk..
I wish you all the best..
Dowjonesanalysis
Update $US30 $Dowjonesin the last analysis We fell into the correction trap, specially with the fake crash Trap, But we stressed that the entry areas are between 24100 -- 24150, Due the high risks in the US stock market over the past week.
In my own view I think that the price is trying to change the orientation specially that the correction Plan a third, both in terms of time and price.
I think the price now hit the targets (the previous support level and the current evaluation) 24000 mainly and directly, and breaking the resistance means confirming the correction and targeting the level of 24900, then if it will be breached, personally I expect that we will see a new top of 25500.
Also a very important point, today the May candle opened, on the monthly calendar the price always moves near Moving Average 200, that's mean it's have to hit 25500 at least and make a new top
SDOWI noticed a few things happening in the markets.
1. The DJIA has dropped from 29k all the way down to 18k in couple days.
2. SDOW has hit record lows while DJIA puts in lower Highs
3. VIX is still above 30 and has been above 60 during this crash.
The market is pumped up by all these stimulus packages the Don keeps creating, but is still struggling to get back above 25k, while the SDOW is priced as if the DJIA is above ATH's on the DJIA, mix this with the large div between the VIX & SDOW got me thinking when the market crashes (when I said) SDOW will need to play catch up, even if the crash is not as bad % wise as the most recent crash. I am looking for $24 to enter but may close all my longs and enter soon, depends on how the market reacts today. We could stay flat today then open on Monday for 1 last pump to 26-27k next week or we could just start crashing B4 this. So I am monitoring all this as we speak.
Dow Jones, Elliott's Waves, Wave C to be completedHello,
here is my first graph with Elliott's Waves. I m new to this, and it can be totally wrong, but I do see 3 potential short-term targets on the 4h chart. Any of those could act as a resistance and then we would start going back down.
I might try a quick LONG with a tight SL if we break the 23 878 and then get SHORT anytime we get close to 24 200 with a SL at 24500. And go short directly if we don't confirm a break above 23 878
Let me know what you think, thanks !
Time to long - RSI is above 60, this is a bull signal for my strategy.
- Price is above 200 EMA.
- There is a clear Reversal head & shoulder pattern.
If all works, we're ready to go.
TP1 and TP2 are on chart.
Follow Red trend line for SL ( follow 4h close price)
Dow Jones 1930 Breakdown of the trend -81% Update after 25 yearsA similar situation is happening now. Then a breakthrough of the uptrend line, price fixing below the uptrend line and another -81.5% market fall. Previous highs were updated only after 25 years.
The situation on the Dow Jones now. A very similar schedule as in 1930. It is important how the price will react near the uptrend line, which will act as a support. If there is a breakdown of the uptrend line and the price consolidates below it, a very dangerous situation will arise like in 1930 and a complete collapse of the US economy. Let's hope this does not happen.
My former trading idea is an indicator. Published in April 2019.
Which gave a signal of a market reversal before its fall.
The relationship of the Dow Jones and the Fed% rate We are ahead of the financial crisis.
Dow Jones Index Technical AnalysisLet me start off by saying I hope each and everyone of you are safe and healthy. Some of the craziest s*** has happened within the last few weeks including oil futures going negative -44 per barrel.
While everyone is distracted with the FED throwing in fridge after sink and the economy halting, a lot of people seem to have forgot about earnings. Knowing earnings was just around the corner after this insane dump, any experienced trader would have know prior to earnings that volatility and typical speculation would pick up. That being said, all this has resulted in a pretty massive rebound (DJI 29%) (SPY 26%).
These next few days are extremely important, whether you are planning on building a long-term chair or play some options. All I have to say is take advantage of the opportunity presented and money will come eventually.
I'd love to hear what you guys have to say! Share your charts, thoughts, and feedback below.
DotcomJack | DO NOT TRADE THIS
US30 SHORTHello !
I believe we have A great short opportunity coming up in the next few days as US30 nears the 61.8 Fib level, which is a zone of major resistance. The daily chart is also showing a rising wedge.
The 61.8 Fib level is a notable area of reversal as in the 2001 / 2008 DOW crashes we saw relief rallies to the 61.8 Fib level followed by further downward movement. Im targeting the next major zone of support, the 15k/16k area.
Given the current nature of the US economy I do not believe we will return to ATHs anytime soon despite the massive injection from the FED. We have 22+ million unemployed, are on the brink of a mortgage/loan default crisis, projected Q2 GDP of roughly -30%, let alone the companies that will begin to file bankruptcy in the coming months.
Feel free to share ideas ! Thanks !
Dow Jones US Stock Index (Creating a Higher Low!)View On Dow Jones (15 APR 2020)
As we expected in the last 6 Mar, this index has reached 23.5 regions and we can say, it is currently at a strong resistant region.
So, there is likely going to a pullback, possibly toward 22,750 regions for now.
Overall, as long as 21,000 regio hold, we can say it is still in UP trend.
Let's see.
DYODD, all the best and read the disclaimer too.
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Daytraders, Are You Ready? (DJI)Symbol: DJI
This post is for all the day trading junkies out there. I am showing the 30 min time frame with a cross over to the downside. If I double that timeframe and go to the hourly, I'm at a tipping point in thr market. We would enter to short till 30 min and hourly line up to go back to the upside. We are putting our money on red. We will watch closely on the market open . If we see a change in our indicator and strategy than we will have to play break to top. But, for the most part we are short here.
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Dow Jones now at 20941, Long Term Target is below 10000Long Term Dow Jones Industrial Average target is below 10,000
This is not a forecast I want to make, but this is what my longer term analysis shows. I hope the forecast does not come true but this is what my analysis shows, which is based on multiple time frame analysis of volatility and momentum.
Best strategy according to this analysis is to look for sell signals after every strong rally loses momentum, unless and until this high probability pattern is invalidated.