Dowjonesindustrial
DJI, get out now before your wife leaves you!DJI's rising wedge isn't going to end well. I circled similar candle sticks where the price declined but rebounded back in April 2019. I don't believe this to be the case this time around. Once the rising wedge has broken to the downside, I look for significant decline.
Let me know your thoughts on the DJI and market in general.
TG
DJI --- I'm just saying..I mapped out the last bull run into the 2008 crash. I mimicked that from the 2008 crash to todays current market conditions. The time frame of the current run up is almost exactly half of the 2008 run up. I believe that this supported by the tech revolution and the ease of access to the markets.
There is a lot of banter around the fed reserve. Other countries are going digital. Iran is the last place we've yet to run through. It's just a matter of time (after elections) when Iran issues fire back up.
We are headed into a digital age where the people are in control of their own money.
I cannot write out a time prediction on when this disaster will go down but I can say that the banks will be the ones to blame here.
We are entering the digital age. Position yourself in assets that you can control.
US30 Directions H4 Dow Jones Futures Today
Dow Jones futures fell more than 1% at the lows but roared back a modest loss. They faded again somewhat to a 0.6% loss, likely in reaction to the reported Boeing 737 crash. The jet was not a 737 Max, which has been grounded since a fatal crash in March. Boeing stock is the largest weight on the price-weighted Dow Jones industrial average. S&P 500 futures were down just 0.3%. Nasdaq 100 futures retreated 0.55%.
Iran Missile Attack
Dow Jones futures sold off as two Iraqi bases with U.S. troops, including the al-Asad airbase, came under rocket attack. Iranian state TV said Tehran launched "tens" of missiles. Dow futures continued to slide as the Pentagon confirmed that "Iran launched more than a dozen ballistic missiles."
But futures came off their worst levels as fears eased of a rapid escalation in military action. First, there were no reports of serious casualties from the missile attacks.
Then Iran Foreign Minister Javad Zarif tweeted that Iran "concluded proportionate measures in self-defense," adding that "we do not seek escalation or war."
A few minutes later, President Trump tweeted that "All is well!"
DOW JONES Sell SignalPattern: 1H Channel Up.
Signal: Bearish as the price failed to break the medium term Higher High trend line (bold black) was rejected sideways and formed a Death Cross (MA50 crossing below the MA200) while the 1H RSI is trading on a bearish divergence.
Target: 28,030 (1H Support) and 27,800 (4H Support).
The Dow Jones Making A Break For It!The overall structure of the Dow Jones 30 looks positive. The most recent pullback came down
and tagged the support level from the consolidation resistance and bounced off from that level.
After periods of consolidation, it is always good to see price retest support levels as it confirms
the support level is holding and gives more strength to the buyers. Now what we ideally want to see
is for price to continue to trade above the previous high at $28,175.
This will tell us that the buyers have enough momentum to see that price continues to create
higher highs for the next few weeks and months.
This is a good early indication that a strong bull trend may be unfolding and helps to prepare
us to take advantage by entering strong bullish stocks.
The Dow Jones has seen some nice growth over the last year, rising by 29% or 6,500 points.
This may seem like big growth to some but we may be in store for even further growth in the Dow
and overall US market.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
DJIA Struggle to Stay Above 28,000 It didn’t take long for the major indices to get back to all-time highs, as they began this shortened holiday week with a solid rally on hopes for a trade deal. The prospect of renewed economic growth and favorable monetary policy have also played some roles for the rally.
Overnight, DOW rose 0.68%, but lagged comparing it with S&P 500 and NASDAQ. Obviously, the market will continue reacting to whatever the current trade headline is - bad or good - with the relevant price action.
The H4 RSI indicator is going to test the 70% area now. This could imply an aggressive profit-taking activity for the coming sessions. The inability to keep above 28,000 will be the first sign of selling pressure. Taking out 27,675 will indicate the selling pressure is getting stronger. The next support in that case will be the 50-day SMA on 4-hour chart which has risen to 27,489.
On upside, the index seems ready to re-test the record high at 28,090. A clear break above it could extend the bullish pressure towards the upper line of daily Bollinger Bands at 28,237.
Take in mind, that the trading activity will decline in the coming days because Thanksgiving Day, and of course the market is closed on Thursday and closes early on Friday.
DOW JONES HAS BROKEN OUT...but will it be a false one.My quite reasonable sell zone has been highlighted and the DOW is now just entering it. I would recommend caution to all those thinking of investing in stocks at this point in time. There is not much more head height left and lots of room to fall.
DJI Dow Jones SHORT Critical Situation Longs Breaks 26750 ?Dow Jones are right now in a decision mode.
26750 is the key Level which must hold for Long
in a Longtime View.
In shorttime we are ahsort since 26980 broke with
2 supports.
Now there is the Long Trendline in BLUE which is in danger
Watch out these and the 26750 Level to decide the direction.
For new Longs in short timeframe we must climb above 26870
Good trades
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please send my a boardmail.
Renkotrade
DOW JONES/SPX500 - EU woke up with a strong downwards moveHello traders
I. Wisdom of the day
I heard a lot of trading saying that trading INDICES (CFD) is only interesting when the USA wakes up.
Nothing could be further from the truth...
It's not common knowledge that the DOW JONES/SPX500 often give an interesting move when the Europeans wake up.
This interesting trade often happens between 6:30 and 8:30 am (UTC+2)
II. Why a 1-minute chart?
This is not a scalping trading method, it's intraday and based on smoothed indicators for entering in a strong trend only.
The Algorithm Builder method won't give more than 3/5 trades per day even.
Those are the most secure trades possible because:
- the system waits for a strong confirmation and will avoid the fakeouts
- the 1 minute allows to enter very early. This point is crucial.
I made it so that to enter early but with a minimum of security.
III. Signals of the day
3.1 Morning trade
No trade is easy. Especially when I just woke up, signal given in front of supports but... you know the drill... What's a decent way to reduce one's risk?
Answer : Wait for a pullback.
I usually wait for a pullback near the EMA(20) - symbolized by the red circles on my screenshot.
Pullbacks and invalidations are keys to reduce one's risk - which put more weight on the opportunity side of the opportunity/risk scale
3.2 Afternoon trades
The first signal was in front of resistances and against a leading trend. A leading trend in a bigger timeframe also increases the trade security => less risk
IV. Last words
Do you think that looking first to decrease the risk and then capturing the opportunity is the way to go?
All the best,
Dave
DJI SHORT WHEN THE US OPEN,WAIT FOR THE PERFECT ENTRY.Dow Jones Lacks Sustained Momentum
The Dow Jones Industrial Average was lagging the other major US stock market indices on Thursday, as both the S&P 500 and Nasdaq were able to squeeze out gains of more than 0.40%. At last check, the Dow had climbed 68.36 points or 0.25% to 27,070.34
DOW (DJI) rejected at 27K again, market topping outThe winter is coming. As everyone can see the index is failing at making higher highs, the dips are shallow, but the conviction is not there, there is just no room to rally. We reached the TOP. RSI showing weakness in the bull market.
Expecting a correction to around 25300, then a low volume rally to retest some of the former highs, and then, the long awaited freefall in early 2020.
This is the last time we are seeing Dow above 200-day MA for a long time, once it breaks down it won't get above it swiftly. The bear season begins with the daily close below 200 day MA or a flash crash we can't foresee atm.
Whoever longs this after such an overextended bullmarket cycle is just delusional.
A marginal higher high to stop out everyone already shorting and then a crash is a possibility as well, although I wouldn't bet on it.
It seems like everyone hopes they can sell to somebody else once the panic kicks in.
The thing is, the theatre is getting more and more crowded... yet the exit door stay the same.