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Dowjonesindustrial

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 JonesSymbol: DJI Who said major recessions couldn't be predicted? Buy green Sell red I'm just sayin.... 🤫 ---------------------------------------------------- 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:DJI
by UnknownUnicorn2319099
2
Dow JonesSymbol: DJI Could be an opportunity to short monday. We will have to wait and see on the open. Be prepared. ---------------------------------------------------- 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. --------------------------------------------------- Thank you for your continued support, God bless. - Major League Trader
TVC:DJI
by UnknownUnicorn2319099
7
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.
CBOT_MINI:YM1!Short
by PrepForProfit
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.
TVC:DJI
by ScotianBot
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
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.
TVC:DJIShort
by MonetaryRebel
2
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
TVC:DJIShort
by SkylinePro
Dow Jones Doji and 23.6% Fib CrossThe Dow Jones Industrial average saw a $459 gain today, up +2.4% from an opening price of $21,050 and a close of $21,200. Price had seen a high of $22,019(+4.6%) intraday as investors placed hopes on the passing of the coronavirus economic relief bill, but gave up half of the days gains late in trading as the bill fell through and was once again pushed back to a later date. Today’s price candle closed above the 23.6% Fibonacci retracement level on the daily chart, but in doing so created a doji candle which indicates trader indecision. A doji candle is a price candle with a small body and upper/lower wicks of relatively same length. The small body shows that even though price moved higher and lower throughout the day(wicks), traders ultimately closed price back near where it opened as neither bulls nor bears were able to move price with conviction in either direction which created the small candle body. In the short-term, price needs to hold above the 23.6% retracement level in order to maintain the bullish sentiment that was seen over the past two trading days as hopes of a relief bill have given traders reason to buy. Worth noting is that there was a gap created in price from the close on Monday to the open on Tuesday, and gaps tend to be filled in charts which indicates that we will likely see price come back down and test Monday’s closing price near $18,600 at some point in the coming days. I’ve never found a clear explanation as to why gaps are filled in charts, my assumption is that the gaps represent unfilled orders that the market wants to clear out before moving price higher or lower. While the passing of the economic relief bill is giving traders reason to buy in the expectation that a bottom is in, the lack of an actual bill being passed still places the ball in the bears court. Even once the bill is passed, it will take a few weeks for the money to begin trickling down to businesses and citizens as the funds will not be immediately available to those who need it, and during that time, we are set to see a rise in coronavirus case counts, rising unemployment and more states imposing lockdowns causing more businesses to shut down and lay off staff. As those numbers come out going forward, the bear case will strengthen as it is still not yet known if the total $2 trillion being given to companies and citizens will be enough to cover the full damage being done to the economy since we have yet to see a peak in the coronavirus outbreak or even have an idea of how long this pandemic will last. Should state lockdowns and a slowdown in the economy continue for a period of time longer than just 2-3 weeks, there is a good chance that another round of fiscal stimulus will be needed. The one-time $1,200 check to Americans is likely to have little impact for those out of work if their time unemployed lasts longer than 2-3 weeks as statistics show that 33% of Americans are living paycheck-to-paycheck and 58% of Americans have less than $1,000 in savings. The $1,200 check might help float them for the month of April if they haven’t already begun falling behind in bills due to the record layoffs we’ve seen over the past two weeks and the average of 2 week lag time between applying for and receiving unemployment benefits. The full $1,200 stimulus checks are only being given to those making under $75,000, with those making over $75,000 seeing a decrease of $5 for every additional $100 in income over $75,000. While many assume that those making over $75,000 likely have enough money saved that the need for $1,200 isn’t as dire as it is for those making under $75,000, 62% of Americans who make between $75,000-$100,000 also have less than $1,000 in savings. Turns out that a higher income doesn’t equate to saving more in today’s world. Tomorrows job numbers release by the Bureau of Labor Statistics is forecast to show an estimated 1-4 million people being added to the ranks of the unemployed which will be the largest weekly rise in unemployment in U.S. history and is likely to shake confidence in those hoping that the current economic relief bill will be enough to turn the stock market around. The tide in layoffs likely won’t be receding any time soon either which will put further strain on the bull case in stocks going forward. The longer the economic relief bill takes to be passed the more bearish traders will become as waves of negative economic news are set to roll out over the coming weeks and months. Until company revenue and earnings are released showing the extent of the damage it is impossible to know how hard businesses are being hit right now. All hopes in a stock market rebound are being placed on a fiscal stimulus bill that is mostly nothing more than our leaders throwing money at a health pandemic and winging it as they have no idea if it is a large enough amount, which is why they went with such a big number. Their predictions are more of guesses right now and all of the publicity around the economic relief bill is more of an exercise in marketing and confidence building to prevent further losses in stocks and a prolonged economic downturn. The sad truth is, they don’t have any better idea of what is going to happen than we do. Since 2008 the only tools they have had to fight economic slumps and falling stocks is a printing press and bailouts, and if the only tools you have are a printing press and bailouts then every problem has to look like a money problem. Our current problem is not a money problem, it’s a health problem. The longer our leaders deny that fact the worse the problem is going to get. But hey, here’s $1,200 in the meantime while we try to figure it out. View is still bearish in stocks going forward with the opinion that all bounces are good opportunities to sell or short.
TVC:DJIShort
by PrepForProfit
Dow Jones - Waiting to bottomThe Dow Jones has already fallen over 10,000 points as investors derisk and "buy cash" due to the ensuing economic shutdown. The Coronavirus has begun to ripple through the United States. Medical supply shortages and overfilled hospitals are just the beginning especially as we wait for the U.S. government to take action. I am short until the U.S. has seen the worst of coronavirus and until the Dow can maintain the 15k area. However, Once the Dow can find a new bottom I am in for the long of a lifetime.
TVC:DJILong
by DeAngeloLT
3
Dow Jones Best Day Since 1933The Dow Jones Industrial Average saw the best percent gain today since 1933 and its largest 1-day point gain ever, up $2,113 today with a close of $20,704 from an opening price of $19,722. This move comes after price held support yesterday at the 50% Fibonacci retracement level of the total Fibonacci range from the 2009 low and the recent all-time high, which was pointed out in the previous chart shared. With today’s record bounce, price has risen back inside of the broadening wedge pattern, but hit resistance right at the 38.2% Fibonacci retracement level. In order to regain a positive trend on the weekly timeframe, price needs to rise above the 38.2% Fib so we need to see continuation tomorrow with a further rise in price before becoming too optimistic about today’s rally. Today’s bounce can be attributed to technical support levels holding which are the 50% Fib as well as the 2015 price level(red) which was a previous resistance level. In technical analysis, previous resistance tends to become support when/if it is tested again. These two levels were likely being watched by many technical traders as areas to begin buying in anticipation of a bounce. Today’s move was also news-based as news that a coronavirus economic relief package is close to being passed, as well as President Trumps remarks in regard to him anticipating a reopening of the U.S. economy by Easter, or one month from now. Considering that Republicans and Democrats continue to debate measures within the bill and have so far failed to come to an agreement, hopes that a deal will be reached and the bill will be passed this week are still speculation. As for Trump’s remarks that the economy will reopen next month, that also seems unlikely seeing as how U.S. case counts are still rising and more U.S. states are entering complete lockdowns. New York is the hotspot of outbreaks in the U.S. and a sign of what’s to come for other states, and New York’s governor today stated that they will not reach a peak in cases for another 2-3 weeks meaning we are still over a month away from seeing a total peak in the U.S. President Trump still appears to be more concerned about the stock market and economy than the health of the public since he has an election coming up in November and has touted the stock market as his main measure of success as president. While today’s bounce in the stock market was a much needed relief rally after the worst decline for stocks in U.S. history, bear market rallies are more extreme than those seen in actual bull markets, meaning that this jump today was more than likely a counter-trend rally in what is still an overall bear market. If a relief package isn’t passed by Thursday, I’m anticipating a return to selling based on the fact that job numbers are due to be released on Thursday and they are forecast to show the worst monthly unemployment numbers in U.S. history with an estimated 2,000,000 people filing for unemployment due to business closures resulting from the coronavirus and states going into lockdown. This is certainly to have a negative impact on investors’ view of the health of the economy right now as well as place doubt on President Trump’s expectation that we will return to business as usual next month. Trump likely knows just how bad the job numbers are supposed to be seeing as how his administration has asked states not to report unemployment numbers head of the official Thursday report. At this point, even if the coronavirus economic relief package is passed by Thursday it is likely going to be overshadowed by the grim outlook on economic activity based on unemployment numbers as well as the fact that more states are going into lockdown, which will only increase the numbers of those filing for unemployment. The overall impact of the coronavirus on the U.S. economy is still a guessing game, and right now all hope is being placed on a relief package, of which the amount may be too small to have a significant impact by the time all is said and done. We also still need to see the impact to company revenue and earnings before we will have a better picture as to how hard they have been impacted by the coronavirus. The overall trend in the stock market remains bearish, but that doesn’t mean we won’t see bounces here and there as traders attempt to pick the bottom. Going forward we need to see price hold above the low made yesterday on any pullback in order for a positive trend to form. A breakdown below yesterdays low would be an indication that more losses are likely and that today’s bounce was just a reactionary bounce due to significant technical levels being reached and hopes that an economic relief package will be passed. My personal opinion is that we need to see a peak in coronavirus cases and a clearer picture as to the extent of the damage done to companies before a bottom can be made. My guess is that it will be another 2-3 months at the earliest before an actual bottom is made.
TVC:DJIShort
by PrepForProfit