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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Dowjonesshort
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: Just Over 25,000 Monday; Then Brief Relief Rally; Then DownOn Monday I am targeting a finish just over 25,000 but not by much, followed by a slight relief rally to trap bulls further before coming down further.
My target is near 24,000 +/- 50pts by the Fed meeting in mid September where as a result of the stock market on the verge of collapsing, and the trade war escalation, there will likely be a 25bps cut. However, I do not see the Fed providing more immediate relief by proposing a 50bps cut. Therefore, I don't see a huge relief rally off the cut.
At this point, if the Fed cuts 50bps, this will induce more scare into the market as a confirmation of a failing economy. So a one day relief will turn into a potential melt-down. Moreover, I do not believe the Fed can rescue the market at this point (nor can the ECB).
Ultimately, to rescue the market from full melt-down and collapse, you will see huge fiat currency money printing in expense of the USD (and other currencies around the world). For this reason, people should have significant entries in Gold/Silver.
- zSplit
*Note: I will continue to update this idea incase Trump issues some "fake news trade updates", in which case relief rallies may extend further than I have suggested here.
NYSE medium-term target -35%Thanks for viewing.
I have talked about fundamental factors in previous posts that point in the same direction. This post is almost 100% from the chart.
- The NYSE has been making a series of lower highs since January 2018 (The Dow and the S&P 500 are smaller samples of the market and have been making higher highs of late),
- Even the Swing high (which is well below the all-time high) of 13,261.770 set in Sept 2018 wasn't able to be broken last month,
- My target is a 1.618 extension of the price action between Sept 2018 and July 2019 which sits right around a key support level from April 2011,
- The one major fundamental factor (I am ignoring worsening of the trade war here) that happened since my last posts is that the Fed dropped rates 0.25% (taking interest rates back below the inflation rate - back to negative real interest rates) and the market reacted by selling-off. If you look into previous market cycles, the Fed normally dropped rates BEFORE the price drops started. This seems to be more of a key signal to the market that hard times are upon us, as opposed to the intended support of the markets. The monetary policy experiment of the past 10 years hasn't worked unfortunately. Expect interest rates to trend to zero - and possibly below while the world moves to save-haven assets.
My target is NYSE at or around 8500 level in the next 6 to 18 months. This isn't the end of the world, it is just the market heading for more reasonable valuations while the world deleverages significant debt levels.
DOW BULL MARKET IS OVERThe dow bull market is over, the coming recession will cause the initial dip in the Dow which will correspond nicely with the upward lower bound trend and fibonacci retracement of around 22000. Then I'd expect a lower target of around the 50% retracement level of 16000 which will be at the height of the next US recession.
#Dow 30 How much would he fall?Although we are on an uptrend, the Dow Jones is currently facing serious weekly resistance at 26694, we believe it is on the way to making a price correction, The Stochastic indicator confirming what we thought as is in the upper term range that could mark a reversal of the trend (Last September when the stochastic was at these levels the Dow fell by 19 percent)
Sell DOW 30:
Entry price: 26186
Take profit: 25180
Stop loss: 26700
Sell opport. in Dow Jones Index from 25.910-26.100Good short entry poss. D1 Dow Jones short based und RSI D1/H4/H1 analysis.
We gained a lot from the December 2018 loss, over 6%. D1 regain locks up like a V-Wrap without
a healthy rebound short. Renko shows is here perfectly.
We also got the named status quo, unsecured measurement of cooling world economy, trade crisis US/China an well known Brexit in Europe. Named problems are not gone. Also a rate hike from the FED is still possible.
Also good news for the idea: Still the rising Goldprice.
TP: D1 24.650
SL: D1 26.200
Have a good luck :)
SHORT Dow Jones Structure Intact below 26000 levels!The Dow Jones indice has rallied past our estimated price around 25100/300 by less than a percent. It is seen to be trading around 25390 levels in the spot market, and till the time prices stay below 26000 mark, the bearish structure remains intact. The wave structure is still suggesting that a potential 3rd of 3rd wave lower might be coming soon. The indice has earlier dropped 5 waves between 26950 and 24100 levels, labelled as Wave (1). This was followed by a flat corrective Wave (2) that got terminated at 26000 levels. The subsequent drop could be a lower degree wave i that terminated at 21700, followed by wave ii which is being terminated around the 25400 mark around this time. If the above structure holds true, we can expect the lower degree wave iii to drop lower as wave(3) unfolds. Bottomline is that prices should remain below 26000 levels going forward.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
poor DJI...The obvious future does not look good in the Dow Jones.
We approach a * crisis * or in the trading room a correction.
The dip has created a significant technical damage on the chart. An important brand is broken. the course is currently testing the 200 ema and is near by the 78 fibonacci.
I'm not saying the course is going to break next time, but I'm assuming we'll see a strong correction.
Look for a nice engulfing for a start.
enjoy the way
logindaten
SHORT Dow Jones bearish against 26000!Believe it or not Dow Jones has hit the spot we have been waiting and anticipating since last several trading sessions now. Please note that the indice has hit convergence points of trend line resistance and the fibonacci 0.786 levels at 25100 levels and produce a bearish reaction on smaller timeframes. It is yet to produce a bearish signal confirmation on the daily chart but potential remains high in the next 1-2 trading sessions. Looking at the wave structure, a higher degree Wave (1) and (2) seem to be already in place at 24200 and 26000 levels respectively. A lower degree wave i and ii might be already in place now at 21800 and 25100 levels respectively. If the above counts hold, prices should stay below 26000 levels and a rapid wave iii of (3) should unfold taking prices below 21000 levels going forward.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Dow Jones potential bearish reversal from 24800/25100 levels!The Dow Jones wave structure and price action remains unchanged for now. The spot rate is seen at 24500/600 levels at this point and there may be one more push higher into fibonacci 0.786 resistance at 25100 levels before the indice turns bearish again. Please also note that the resistance trend line since 26950 levels is also passing through very close to 25000, and hence a bearish reversal could be expected at the confluence. Looking at the larger wave structure, the Dow Jones had dropped 5 waves from 26950 to 24100 levels earlier labelled as Wave (1) here. What followed can be constructed as a flat that terminated at 26000 levels, labelled as Wave (2). The drop from 26000 to 21800 levels is being seen as Wave i of (3) for now and the subsequent rally from 21800 to 24860 levels could be Wave ii of (3). If this count holds, prices should remain below 26000 levels and a 3rd of 3rd wave should be underway. Ideally this wave should be the most powerful bearish leg.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
DOW JONES THE ULTIMATE BONESYM1! looks like it has plenty of fuel left in its TANK.
DOW JONES
Untested levels lie above and below
You can have pending orders in either direction
With this information, do what you will
But always remember execution is everything
Pretty charts don't equal profits, so always remember to take proper risk adjusted setups
:)