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Dow Jones Now Aligned To 1929 - People just don't listenWall ST. IN PANIC AS STOCKS CRASH History lessons from “The Great Crash”? Galbraith described these 1920s investment companies as “more wonderous than the South Seas Company” in that “they were undertakings the nature of which was never to be revealed”. Perhaps present-day “special-purpose acquisition companies” (SPACs) – “blank-cheque” companies – match them in lack of transparency. Beginning in 1928, additional market support came from optimistic commentary: the “process of reassurance … (which) eventually achieved the status of a profession” … “For effective incantation, knowledge is neither necessary nor assumed.” Today, as then, optimistic seers get more airplay than spoilsports predicting an end to the good times. “Organised support” was mobilised when the boom faltered in 1929. Financiers made coordinated efforts to shore up the market, although there was more show than substance. In today’s world, “organised support” has been replaced by the “Greenspan put” – the US Federal Reserve’s readiness to prop-up sharply falling financial markets, pioneered by the chairman Alan Greenspan in 1987, repeated by his successors Ben Bernanke in 2008 and by Jerome Powell in 2018 and 2020. This has proved more substantive than in 1929, but at some cost. Each time the market has been saved, this was taken as endorsement of the speculation. As prices fell in 1929, balance sheets were cross-infected, with prime stocks sold at fire-sale prices because non-prime stocks in the same portfolio were illiquid. This phenomenon re-emerged in 2008 and in March 2020. The Shiller cyclically-adjusted Price/Earnings ratio for US stocks is currently twice its historical average and well above its peak before the 1929 crash. It is just short of the peak which foreshadowed the 1999 tech-wreck. Does history rhyme? Instead of Billion this time its Trillions.
TVC:DJIShort
by UnknownUnicorn7947829
2
DJI - World's End Scenario I published this privately a while ago - I think it might be fitting to republish with the current macro ecomnomic and political situation as we have reached the forecasted BIG DROP. Maybe we will see $13k BTC afterall. .... Why are people still obsessed with 1929? Whether they are right or wrong that Bearish Divergence doesn't look good! While you can easily argue the world is very different to 100 years ago the market fractals do present similar structure and we have slipped into similar macro environments both political and economic. DJI looks like it has topped so worth taking a look. - Current Day based on Monthly Chart, 200 Monthly MA - Crash time frame in 1929 to 1932 was about 3 years - Today I would estimate this as 10 year period based on the fractal. Interesting outcomes from the experiment assuming the DJI has topped: - DRAWDOWN: 1929-1932 drawdown was 90% setting market back 14 years. From Point A to C, this will take us to $3,500. That sets us back by 25 years (no clear correlation). - FRACTAL: The fractal is close to the present day formation assuming the DJI has topped out (close correlation). - MA: The MA is pacing at a relatively similar trajectory - from the touch in 2009 to today's position at $18,000. Coincidently $18,000 is the bottom of the March 2020 crash at point B. (Interesting coincidence) - SUPPORT: The immediate crash period from point A to Point B would take place around September this year (2022) - this lines up with my crypto forecasts. (Interesting coincidence) - BEARISH DIVERGANCE : The RSI structure is very similar on lead up and localised formation. In 2020 we had the covid pandemic which delivered the recent low point on the RSI but the 1929 has the same strucue, just a more stable price. Can we trust the 1929 data? (Interesting coincidence) - TRADING: Whilst a crash of this magnitude (common in crypto) would require some form of major catalist resulting in horror for average Joe and destroy a generation of wealth, it offers amazing trading conditions both ong and short for swing traders on longer timeframes. There are about 6 swing long opportunities during the 10 year crash, each lasting over 1 year and offering 40-50% upside Is it likely, of course not. It's only happened once in a century :) Is it possible, well it has happened before :) ... hmm, that bearish divergence don't look good... it might be time to look at shorts again? Best, Hard Forky
DJ:DJIShort
by hardforky
2
Dow Jones Technical Analysis ahead of FOMCThe US headline CPI data released last week surprised the market with a smaller drop than expected. As such, a higher chance is being given to a 75-basis-points rate hike in the upcoming September FOMC meeting. The US stock market reacted with a major sell-off last week, signalling that the summer rally has overstayed its welcome. The Dow Jones plunged by 1,300 points or 4.2% last week. The S&P500 dropped by 5.2%, while the NASDAQ declined by 6.0%. The interest rate decision from the Fed due this Wednesday (UTC -4) will be a significant event for US markets this week. The market is currently pricing in an 85% chance of a 75bps rate hike and a 15% chance of a 100bps hike. Looking at the current price action for the Dow Jones in combination with the Schaff Trend Cycle indicator, indicates that the downside's strength still present and may continue to stick around. The Schaff Trend Cycle is currently sitting far below the 25 level at 7.6. However, this indicator’s current condition may also be a sign that the Dow Jones may be oversold. In such a case, we might expect the index to perform a reversal and retest the 31,200 level, before continuing the downtrend. Traders looking for a counter-trend trade might want to watch and wait for the Schaff Trend Cycle to close above the 25 levels. With the upcoming FOMC meeting and the expectation of a 75bps or greater rate hike, we may expect a reaction to the downside during the day and a hitting of the 30,000-support area. Breaking below the 30,000-demand zone will open up the 29,500 to 29,000 targets.
BLACKBULL:US30
by BlackBull_Markets
Dow Jones: Jello 🍮What’s your favorite kind of jello? Cherry? Lemon? Raspberry? Dow Jones seems to prefer woodruff, as the index has been munching through the green jello between 30576 and 31689 points quite efficiently. Now that it has finished wave 2 in green, Dow Jones is already on its way to the next green jello between 37669 and 39249 points, where it should complete wave 3 in green. To take a bite there, it has to climb above the resistance at 34246 points first, though. Also, there is still a 42% chance that Dow Jones could wobble downwards below the support at 30109 points and thus below the next one at 29639 points as well.
CBOT_MINI:YM1!
by MarketIntel
Dow Jones Analyze!!!🧐Today we will discuss the Dow Jones Industrial Average Index technical analysis in a Daily timeframe chart. DJI finished its ascending trend after breaking below the ending expanding diagonal pattern. As you can see, we have a major pivot in Support Line . I expect Dow Jones to make the same movement as Wave X (Near the Important Resistance Line ), and then it will go DOWN again, probably at my TRZ ( Time Reversal Zone ). We have Two Scenarios here: Scenario 1 : DJI will make the Expanding Leading Diagonal . Scenario 2 : DJI has passed the corrective waves by Double Zigzag Correction and We have to wait for breaking the Resistance Zone by DJI ( Low Possible ). Dow Jones Analyze ( DJIUSD ), Timeframe Daily ⏰( Log Scale ) 🔴 Resistance zone : 33700$ until 33260$ 🟢 Support Zone : 31260$ until 29680$ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:DJI
by pejman_zwin
3
Dow Jones (US30): Technical Outlook For Next Week Very important thing happened with US30 index on Friday: the price broke and closed above a key daily structure resistance. The broken structure turned into a key support now. This week, I will expect a bullish continuation. The next goal for buyers is 33250 - 33500 resistance. Analyzing the intraday perspective, I spotted a rising parallel channel. I assume that the market will keep growing within. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
ULong
by VasilyTrader
4
Dow Jones: Wow Jones 😯Wow – sorry – Dow Jones has impressed us with some really fresh moves! It has virtually jumped upwards and thus has already come quite close to the upper orange zone between 33714 and 34565 points, where it should soon finish wave iii in orange. After completing a countermovement into the lower orange zone between 32863 and 31912 points, Dow Jones should continue to dow – sorry – wow us with more upwards action. To achieve this, though, it shouldn’t drop below the support at 31867 points.
CBOT_MINI:YM1!
by MarketIntel
1
US30. This Move Is Big! If you take a look at at the weekly timeframe you'll see US30 has been in a downtrend since February 2022. Stocks began to decrease significantly taking out 2021 higher lows where most people during the Covid began to invest heavily. Now, in August 2022, if US30 can push past 33,462, the last lower high this could signal a positive opportunity for people who invest in stocks. However, if price shows a bearish signal here, more downside could be seen. I'd like to be hopeful in the scenario this index does present bullish opportunities. If not, it's best to be prepared. I'll be watching this on the daily timeframe. Thanks for reading.
U
by ShaquanLopez
Dow Jones Index (US30): Key Levels to Watch Next Week 📈 Hey traders, Here is my latest structure analysis for Dow Jones. The index keeps growing, and here is the list of resistance to watch for occasional retracements: Resistance 1: 33270 - 33500 area. Resistance 2: 34000 - 34270 area. Resistance 3: 35280 - 35520 area. Consider the following supports for pullback trades: Support 1: 31390 - 31900 area. Support 2: Falling trend line. Support 3: 29670 - 30166 area. Good luck next week! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
ULong
by VasilyTrader
8