Dowjonesindustrial
detailed chart analysis. Good morning traders, i have given a marked and detailed breakdown on the Dow Jones, I currently am waiting for the new support or demand level to be formed to support my buy analysis and then i will have a look at the smaller time frames for entry. we need a clear rejection from the demand zone to take this trade.
DJI: Trump's Covid-19 Case - A Historical ComparisonIn this analysis I'll be shedding light on my own theory on:
- How President Trump's Covid-19 Positive news may impact the market
- Similarities and differences in historic cases
- Why Trump possibly announced his testing positive so quickly
Trump's Testing Positive
- Trump testing positive for Covid-19, 4 weeks before the presidential elections, is not good news
- Especially considering that the current market is momentum driven, such bad news is good enough to scare new investors from pouring money into the market
We can see a similar case where the president's medical condition negatively impacted the market
Historic case
- President Eisenhower suffered a heart attack in September 25, 1955.
- Before this incident, the stock market was at an unprecedented bullish rally
- Immediately after news was released that he was hospitalized, the market fell by 6%, leading to $14 billion instantly vanishing
- Eisenhower recovered, and it was later announced that his condition was not serious
- Eventually, the market bounced, and continued to rally upwards
- President Trump also announced his testing positive for Covid-19 a few hours ago
- Just as Eisenhower's case, the stock market is in an uptrend, with significant bullish momentum
- The market is correcting, due to bad news, but not as significantly as that of the past
- Just as Eisenhower, considering the fact that Trump will be taken care of seriously, it's most likely that he will recover from the virus
- As such, it's reasonable to expect that the market will continue to rally upwards
- However, it's also important to consider that market situations are not the same as the past
- For more in-depth explanation on what makes today's market special, check out my previous analysis below:
Why did Trump announce his condition?
- This is an important question to ask, as Trump announced his testing positive for Covid via twitter
- Trump is arguably the most powerful person in the world. He could have concealed his condition if he really wanted to, and later justify it as "classified information"
- What could have been Trump's intentions behind this?
- In the case of the Prime Minister of the UK, Boris Johnson, his support rate was at 48% prior to him testing positive
- After he got the virus, there was a sentiment of sympathy among the general public, leading to his support rate skyrocketing to 72%, an all time high support rate ever since Tony Blair
- Given this case, and the fact that the presidential elections will be held in 4 weeks, Trump could have been targeting this sympathetic sentiment among the general public
- It's also highly likely that Trump recovers quickly, with the best medical staff from the country treating him
- As such, he will be qualified to talk about the issue (as someone who has caught the virus), and suggest that he's the only one capable of solving the problem.
Conclusion
As past cases demonstrate, problems regarding the President's medical condition is never good for the market. However, given that the president recovers quickly, this could end up being a 'buy the dip' opportunity.
If you like this analysis, please make sure to like the post, and follow for more quality content!
I would also appreciate it if you could leave a comment below with some original insight.
Dowjones path and directionHello everyone
Dowjones started a uptrend in April 2020
Dowjones broke this uptrend in start of Sep 2020
However price found support on the blue trend line
and now price is stuck inside a tringle wait for breakout in any direction for clear path
Daily candle close is very important watch for that around the tringle
watch for RSI divergence reaction
Note: the zone on below the tringle is a very strong zone watch that area for Reversal
Dowjones path and direction Hello everyone
dowjones is in critical point right now
watch key notes in chart for more confirmation
any questions feel free to ask :)
good luck
Dowjones path and directionHello everyone
dowjones price action seems very tricky right now to trade better to monitor price action for clear path
watch key notes in chart and price action in lower time frame for clear trade
any question feel free to ask :)
GOOD TIME FOR US30 Coming!it looks amazing times coming for US30, expecting 28000+ trend.
Depending on the stocks inside the INDEX.
Dowjones industrial , US30 path and directionHello everyone
as shown in the chart we have a break out in 1 hour time frame
Wait for retest of the broken trend line or for confirmation in lower time frame
good luck everyone and any question feel free to ask :)
US30 is trading in rising channel Another sell off is coming📍 Dow jones industrial average is comprises of 30 TECH stocks. US30 is traded 2020 yearly high around 29600 which is also a February high. After the long upward rally from 2016 until 2020 February it has moved up gradually. And there is no major drop one like happened in 2008 financial collapse
📍 Due the COVID-19 breakout in the USA the economic is came to standstill and lockdown measures area taken this causes Tech companies faced major blow. And the market is sell off until march 23. After that US30 has gained back most of the earlier loses incurred during the initial period of Pandemic situation. And reached almost 2900.00 level
📍 Currently US30 is trading in a upward channel which is called as rising channel and it has reached the slow down phase. We may expect a brief breakdown of this indices
📍 In longer timeframe it hasn't reached the 23.6% Fibonacci retracement level which is comes around 26900. This level will act as resistance for the bear
📍 The price is currently trading nearby the August low level-27200. 50 Exponential moving average is still holding this pair from May-14 if the 50EMA level broken then 200,100 EMA will act as resistance comes around 26400
📍 On Ichimoku cloud the middle line is acting as support for the bearish trend and the Cloud is gradually fading towards red zone
📍 The swing target would be around 23900 which is comes around 50% Fibonacci retracement level
📍 On Elliot wave theory the Major 5th wave is completed and the minor correction waves are currently forming. Within wave 4-5 we can see minor waves from 01-05
📍 RSI is went below the 50 mark and in MACD it has turned red and the oscillators are pointing towards south
In H4 timeframe we can see a downward falling channel with series of HH LL LH and the price felled below the 50% Fibonacci level. Strong bearish engulfing candle is formed on August 07 after that the price stared to fell
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DOW Jones, a short term opportunity🦐 DOW on the 4h chart has tested 4 times the support structure at the 27550 zone.
The market is moving inside a channel and now found resistance on a minor structure.
IF the price will break above the structure we can set a nice long order according to Plancton's strategy.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
DJI either ended short correction or yet to finish retracementUS Stocks have either ended this very short correction or yet to finish retracement. It is still too early to confirm non exuberance of the market. Have to consider that in Technical analysis a bearish divergence would show a trend reversal so as a bullish divergence. We may have yet to take effect a bearish divergence (unlikely for now) as we have came from a bullish divergence.
#DOWJONES STILL BEARISH??? WATCH OUT!HELLO TRADERS,
HERE'S OUR VIEW OF DOW, QUITE THE VOLATILITY AND ALSO UNCERTAINTY WITH MOVES THIS WEEK.
WE WOULD CONSIDER BUYS ABOVE 27950 FOR THIS ONE
PRICE TESTING SUPPORT ZONE 27400-600 AS LONG AS IT HOLDS AND REMAINS WITHIN THE PRICE
CHANNEL FORMATION OUR VIEWS ARE TO THE UPSIDE.
THE TRADING REGIME. OANDA:US30USD
Let's take a look at the MarketHi everybody!
To begin almost anything, it helps having the right tools in place for the job.
The moment has come for me to set up a full outlook on the DOW JONES (DJI), everything will be approximations, and can update periodically on the same thread, I think.
This is a study completely based on my own understanding, and it is freaking minimal, but it is collective. I encourage suggestions and opinions.
Also, I am thinking as I'm writing so I will try to clean it up for you but my brain is slippery.
Let's start to begin...
Sankara’s 🧠 Returns: 🐻 Bryson Tillers back 😅 US30 / Dow Sankara’s 🧠 Returns: 🐻 Bryson Tillers back in his toxic Exes apartment 😅 US30 / Dow
Yoooooope!
Not quite the BIG bearish short some had promised. 😫
Not unlike Bryson Tiller, I've kept my head down and off these mean trade-blog streets. Like Tiller - I BEEN LOW. Isolated. Quarantined and noticeably ageing and over-weight! So after weeks of silence, I was so happy to hear share price alerts bellin’ off my cell earlier this week.
Cha-Ching! 💵
Logging in to my Ninja Trader+ account, I discover a still flagrantly ignorant, loud-mouthed ex-lover of a stock market is still out here doing mans dirty!
Ignorant in her lying nature and ignorant of basic market fundamentals! Fundamentals that BEEN showing the pre-COVID western world was near insolvent, and the stock market might be valued as much as 3-4 times its actual worth.
But noooo... THIS is bitch is still metaphorically keying cars, lying on the man dem to the regulators and gaslighting retail investor confidence.
For almost two months, I've quietly moved up my stop losses to lock-in profit and offset shorts. Waiting. Waiting. Waiting for the opportunity to pounce. But Nah. I was firm. I was. Literally. Saying to myself...
🎵 ”DON’T.”
So expecting - rightly so - the most significant stock market correction since Dutch Tulips were considered safer investments than precious earth metals... I'm UNSURPRISED to discover the same ”blue whaling” by the same bitch-ass institutions that saved this toxic-ass market from rolling over, in July.
This gal is STILL creeping’ in the overnight sessions dumping liquid through the text... while I'm at home... with MY WIFE... Not unlike the ungrateful thotty Summer invokes on the Bryson featured 🎶” Playing Games” .
But just like Joyner Lucas and Ashanti - I keep going back.🤦🏾♂️ Need this 🍞
As I did the bodywork and analysed her this week I summarised her traits as follows;
- The market shook out stops again yesterday, and the whales flooded it liquidity - T-Bill sales are consistent. China doesn't look it's going to stop the support. US/MEX grains are relatively stable (we all know why. no cough required. It's corruption)
The big, dirty short isn't likely to happen this side of the US election. Or ever. IMO. This new double artificial-artificial market may well be the new norm. BOA & JP do not respect MARKET fundamentals. They are ganglords in a criminal cartel - they believe themselves to BE the fundamentals.
For that reason, the anarchist one - I'm still a bear 🐻 at heart. And this is STILL the ”Bear Woods” for at least the next 4-6 months - however, we may not see 7000+ point correction the underlying data reflects.
Big Banks: ”Who needs market fundamentals?” and buy the whole market whilst unwinding your losses with a click of a quant algorithm!”
In summary - The EX called us back to play... but discarded our beautifully flipped 🎵SWV sample! She chose instead to exhale cronyism and corporate socialist bailouts for her friends.
💥More bearish sideways movement is likely. The ”Rip n Dip Election Special” aka the Bryon Tiller strategy is now in-play!
My Plan?
Hold small Long existing positions over 27000 - TP 28200
Hold small Short existing positions under 28500 TP 23500
Rip n Dip free cash in the range in between 27600-28000, reset trend lines at range ends, three flags @ 30-ticks either side,
Use the first profit to cover long pos.
Watch to today's US close and adjust levels before Toyoko on Sunday - ripping n dipping up or down according.
Bryson Tiller may be back, waiting to ”Inhale” no less, but it’s same recognisable toxic nostalgia - evidenced by the fixed market that encapsulated it.
🤔 Questioning whether I should 🎵exchange Byrsons’ Inhaler and just listen to SWV 🎵” All Night Long” AND TAKE MY ASS to go back into quarantine.
Stay safe and profitable. ✊🏿
🔚
——————————
Important❗️:
Whether you agreed or disagreed with this content, hopefully, you found it useful. Please remember to like, comment and follow.
Let’s support each other to improve, learn and grow.
——————————
Disclaimer⛔️:
Please do NOT use my ideas as the basis for any financial investment.
This content is time, price and market sensitive and intended for educational purposes only.
-——————————
Bio 🅱️:
Charles Sankara
Day Trader
Sankara’s 🧠 Returns: 🐻 Bryson Tillers back in his toxic Exes apaYoooooope!
Not quite the BIG bearish short some had promised. 😫
Not unlike Bryson Tiller, I've kept my head down and off these mean trade-blog streets. Like Tiller - I BEEN LOW. Isolated. Quarantined and noticeably ageing and over-weight! So after weeks of silence, I was so happy to hear share price alerts bellin’ off my cell earlier this week.
Cha-Ching! 💵
Logging in to my Ninja Trader+ account, I discover a still flagrantly ignorant, loud-mouthed ex-lover of a stock market is still out here doing mans dirty!
Ignorant in her lying nature and ignorant of basic market fundamentals! Fundamentals that BEEN showing the pre-COVID western world was near insolvent, and the stock market might be valued as much as 3-4 times its actual worth.
But noooo... THIS is bitch is still metaphorically keying cars, lying on the man dem to the regulators and gaslighting retail investor confidence.
For almost two months, I've quietly moved up my stop losses to lock-in profit and offset shorts. Waiting. Waiting. Waiting for the opportunity to pounce. But Nah. I was firm. I was. Literally. Saying to myself...
🎵 ”DON’T.”
So expecting - rightly so - the most significant stock market correction since Dutch Tulips were considered safer investments than precious earth metals... I'm UNSURPRISED to discover the same ”blue whaling” by the same bitch-ass institutions that saved this toxic-ass market from rolling over, in July.
This gal is STILL creeping’ in the overnight sessions dumping liquid through the text... while I'm at home... with MY WIFE... Not unlike the ungrateful thotty Summer invokes on the Bryson featured 🎶” Playing Games” .
But just like Joyner Lucas and Ashanti - I keep going back.🤦🏾♂️ Need this 🍞
As I did the bodywork and analysed her this week I summarised her traits as follows;
- The market shook out stops again yesterday, and the whales flooded it liquidity - T-Bill sales are consistent. China doesn't look it's going to stop the support. US/MEX grains are relatively stable (we all know why. no cough required. It's corruption)
The big, dirty short isn't likely to happen this side of the US election. Or ever. IMO. This new double artificial-artificial market may well be the new norm. BOA & JP do not respect MARKET fundamentals. They are ganglords in a criminal cartel - they believe themselves to BE the fundamentals.
For that reason, the anarchist one - I'm still a bear 🐻 at heart. And this is STILL the ”Bear Woods” for at least the next 4-6 months - however, we may not see 7000+ point correction the underlying data reflects.
Long term: bull - mid term: bear - short term: vegan
Big Banks: ”Who needs market fundamentals?” and buy the whole market whilst unwinding your losses with a click of a quant algorithm!”
In summary - The EX called us back to play... but discarded our beautifully flipped 🎵SWV sample! She chose instead to exhale cronyism and corporate socialist bailouts for her friends.
💥More bearish sideways movement is likely. The ”Rip n Dip Election Special” aka the Bryon Tiller strategy is now in-play!
My Plan?
Hold small Long existing positions over 27000 - TP 28200
Hold small Short existing positions under 28500 TP 23500
Rip n Dip free cash in the range in between 27600-28000, reset trend lines at range ends, three flags @ 30-ticks either side,
Use the first profit to cover long pos.
Watch to today's US close and adjust levels before Toyoko on Sunday - ripping n dipping up or down according.
Bryson Tiller may be back, waiting to ”Inhale” no less, but it’s same recognisable toxic nostalgia - evidenced by the fixed market that encapsulated it.
🤔 Questioning whether I should 🎵exchange Byrsons’ Inhaler and just listen to SWV 🎵” All Night Long” AND TAKE MY ASS to go back into quarantine.
Stay safe and profitable. ✊🏿
🔚
——————————
Important❗️:
Whether you agreed or disagreed with this content, hopefully, you found it useful. Please remember to like, comment and follow.
Let’s support each other to improve, learn and grow.
——————————
Disclaimer⛔️:
Please do NOT use my ideas as the basis for any financial investment.
This content is time, price and market sensitive and intended for educational purposes only.
-——————————
Bio 🅱️:
Charles Sankara
Day Trader
#DOW - Another 800 points fall? #US30USD #tradingview #djiAfter such a dynamic crash yesterday, a recovery could currently run as wave b.
Following a further sell-off of 800 points in the direction of 27,640?
There the continuation of the bull market could be expected.
So wait and see and drink tea/coffee and prepare for a short and subsequent long position.
Best regards from Hanover, Lower Saxony
Stefan Bode