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Dowjonesanalysis

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
TVC:DJIShort
by DotcomJack
1
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 !
OANDA:US30USDShort
by DrewVisco
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. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
OANDA:US30USD
by SonicDeejay
2
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. ---------------------------------------------------- Want to level up your trading skills? We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. Also checkout our trading indicator available in the link on our page. --------------------------------------------------- Thank you for your continued support, God bless. - Major League Trader
TVC:DJIShort
by UnknownUnicorn2319099
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.
TVC:DJIShort
by ChrisKazana
How Coronavirus looks on Dow JonesHello Traders, First i will discuss with you about the coronavirus, Us have more casses than China right now (Sell Sign), unemployment claim is 3.2 million (Sell Sign), 2 trillion $ was injected in US (Buy Sign, but already gone). Second, on Friday night was a fight at price 2200 and the price was violent on sell move, we can expect an Gap on monday when the Stock wake up. We have here a Shark Pattern, in my oppinion, the 61.8 Fibo is the first TP, and after that i expect a down trend. What do you think? Have a great day!
FX:US30Short
by BogdanUng
6
DOW JONES : MARKET BOTTOM ISN'T THERE YETAs seen from the DOW JONES chart over the daily timeframe , it is following the Elliot wave pattern and DOW is currently in the 4th corrective wave. All the signals are pointing towards a lower bottom. The next area of major monthly support is between 13000-15000 level where the market bottom can be seen. Tread carefully in the coming days. The market is only reacting towards induced positive news from the government, whereas the harshest effect of coronavirus is yet to be realized. Historically, previous recessions have found support in 200 or 300 Monthly EMA and currently the 300 Monthly EMA also lies between 13000-15000 support level. Instead of taking a pre entry, I would tread carefully and start accumulating once the DOW reaches near 15000 support level. The best way to accumulate is to wait and let the Elliot wave complete the downturn, then correlating the DOW with the VIX index and waiting for the volatility to reduce. Lower volatility near the support levels is a good sign to start accumulating and saving one self from taking a pre entry.
TVC:DJI
by utsavroy
DOW sparks will flyCatalysts for bull runs have been seen including symmetrical triangles, and three clear bullish divergences. A broadening wedge within a broadening wedge is present, these 52% of the time (according to bulkowski's chart patterns) result in a breakout downwards. Most often this chart pattern is found in bull markets. A clear cut case is the DOW. Going off purely TA a breakdown is likely from these high levels back towards the mean of the wedge , possibly even forming a symmetrical triangle or a falling wedge within the wedge to hold it. Monthly chart. If you are looking to buy, entering is fine as long as you are prepared for downsides and want to go long, as you can see the chart is clearly bullish .
TVC:DJI
by Bixley