Dowjonesindustrial
Dow Jones - Macro OutlookWelcome to the first of my macro market ideas. My goal is to have a post for each market sector to give you a long term perspective of the given asset class, so that you are able to drill down to smaller time frames and make wise and calculated trades.
The Dow Jones Industrial Average has market data on TradingView going all the way back to 1915. Since the Dow is the most mature index for US stocks, it is inherently the market leader. Having a long term grasp on where the Dow Jones is headed will tell you where we are in the market cycle, and help you understand when it is a good time to long or short stocks.
I will update this thread on a monthly and sometimes weekly basis with my current perspective on where price is headed.
While there are many political and economic factors that impact the Dow, I will do my best to keep this thread purely technical in nature.
Please feel free to leave a comment below with any questions at all. I am happy to answer.
Best Regards,
Micah J Miller
Dow Jones counter trend rally might reach 25300 Dow Jones remains bearish against 29600 levels in the long run and the recent counter trend rally should not be mistaken as an uptrend. The earlier drop between 29600 and 18200 was an impulse, labelled as Wave (1) or (A). Ideally, a 5 wave move is followed by a corrective 3 waves in the opposite direction. The rally since 18200 lows is corrective, A-B-C and has managed to retrace up to 50% of the earlier drop. A potential Wave (2) could be in place around 23700/800 levels or it could reach fibonacci 0.618 retracement around 25300. Either ways, Dow Jones is looking to terminate Wave (2)/B around current levels or a bit higher before resuming Wave (3)/(C) lower again.
Strategy:
Sell between 23800 and 25300, stop above 29600, target below 18000.
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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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- Major League Trader
Dow JonesSymbol: DJI
Who said major recessions couldn't be predicted?
Buy green
Sell red
I'm just sayin.... 🤫
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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.
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Thank you for your continued support, God bless.
- Major League Trader
Dow JonesSymbol: DJI
Could be an opportunity to short monday.
We will have to wait and see on the open.
Be prepared.
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Want to level up your trading skills?
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Thank you for your continued support, God bless.
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US30 supply retestSeeing the first retest of the zone from the US30 - (Dow Jones)
We have our supply which has yet to be retested on 1hour, 4 hour.
However we have to break through the current zone on the 30min chart.
Targets are set as always we take our pips and leave - and leave a runner to possibly make the full target.
However - as the momentum has been good for the last week in the US - this zone may be deeply retested and take some time before valid.
DOW JONES - DJI - critical junctureDJI declined 23% in the first quarter of the year. This was the worst first quarter in 135 years of history of the index. In the next two days we may have a clearer reading if DJI is already in an intermediate wave 3 down that should be more disastrous than the first wave down from February or if DJI is finishing a minor wave B that would have a minor wave C up as the next move. Keep tuned ! FOLLOW SKYLINEPRO TO GET UPDATES.
Dow Jones Futures Rally Into ResistanceThe Dow Jones is currently up nearly $840(3.9%) to $21,785 after holding at the 23.6% Fib level upon futures market open last night. Price is currently testing the downtrend resistance line which for now is still acting as price resistance. This move comes as President Trump and VP Pence had an upbeat tone during Sunday evening’s press conference while touting declines in new cases and deaths reported out of New York and Italy which appears to be giving traders hope that the worst is over. Earlier in the weekend the next two weeks were referred to as our “Pearl Harbor” and “9/11” moment as the Surgeon General said to prepare for the worst in new cases and deaths in the U.S. Traders appear to still be trading from news headline to news headline rather than the big picture while ignoring the coming earnings apocalypse and what is expected to be another massive unemployment claims data release on Thursday. Futures markets have not been a good indication of what to expect during actual spot market trading lately so all eyes are on the Wall Street open and whether or not traders can push price above the downtrend resistance line and from there the 38.2% Fib level as those are the two key resistance levels that price needs to beat in order to break the bearish trend in price.
Bull Flag or Descending Triangle. What Does The Death Cross Tell You?
The death cross occurs when a short-term moving average (typically 50-day SMA ) crosses over a major long-term moving average (typically 200-day SMA ) to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market.
The opposite of the death cross occurs with the appearance of the golden cross, when the short-term moving average of a stock or index moves above the long-term moving average. Many investors view this pattern as a bullish indicator. The golden cross pattern typically shows up after a prolonged downtrend has run out of momentum. As is true with the death cross, investors should confirm the trend reversal after several days or weeks of price movement in the new direction. Much of the process of investing by following patterns is self-fulfilling behavior, as trading volumes increase with the attention of more investors who are driven in part by an increase in financial news stories abut a particular stock or the movement of an index.
Limitations Of Using The Death Cross
All indicators are “lagging,” and no indicator can truly predict the future. Once & while a death cross can produce a false signal, and a trader placing a short at that time would be in some near-term trouble. Despite its apparent predictive power in forecasting prior large bear markets, death crosses also do regularly produce false signals. Therefore, a death cross should always be confirmed with other signals and indicators before putting on a trade.
Possibly Bull Flag or Descending Triangle as well, outlined in dark Green.
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.
Dow Jones long term - where should it end ?We are living in the biggest market correction all of us have seen. This because we are correcting from a Grand Supercycle. There will be opportunities to buy and sell, but we have to keep alert to only ride impulse waves (up or down) and not corrective patterns. The Cycle correction most probable target is below 10,000 points in DJI. FOLLOW SKYLINEPRO TO GET UPDATES.
This chart should scare the hell out of you.Doing a lot of research lately on the crash of 1929, and how that played out. In the first leg down (similar to where I think we are today), the market fell 40-50% in 3 months, similar to now.
Then we had a snapback bear market rally, regaining 50% back of what was lost, which keep in mind means you only got back 20-25%. This took 5-6 months to play out, and I believe this will be the case starting in May/June and ending around October/November right before the election.
If things play out as I think history has already fortold, this would be a sweeping victory for Biden which will usher in an era of socialist policies, and continue to support a further burning of stock markets until ~2022.
So enjoy that snapback rally in the summer months and then if things start looking bad again, Get the F*** Out, or go short.
BECAUSE, after the initial 5-6 month snapback rally of 1930, the market rolled over for another -85% decline!...
I truly believe that there will be no safe place if this plays out.
Commodities will go down, real estate will go down, crypto will burst and the few names that remain after will be like true gold, silver, platinum and such.
This all being said, I'm not a fortune teller and this is not financial/investing advice. What this is is some perspective.
And it makes sense if you think about our current demographics, war timelines, wealth inequality, inflated asset prices, and a bubble almost anywhere you want to look.
Dow Jones - more losses aheadDJI continue its way down on intermediate wave 5 of corrective primary wave A in the current main scenario. The alternative scenario as of today is that intermediate wave 5 has finished, if this is the case, there is a possibility that wave A up had not yet finished, to monitor for this look at the resistance line at the high of March 26 in the next days. in any of those cases the mid-trend continues down. The upward move since March 23 reached 0.382 retracement of its move from Feb 12. If we are in the first scenario case, DJI should drop around 20% up to April 17. FOLLOW SKYLINEPRO TO RECEIVE UPDATES