Attaching the lines to the closes of the bars. This is a technique Allen Andrews was teaching when using the Mini-Medianlines. But I find that specially in the longterm Charts, there's often value in this style. Dow is now at a decision Point at the Centerline. From here, up or down is possible. But from the past stats we know that there's a good possibility...
as we can see, and as I previously posted, price is going to reverse. It just touched a reversal area and if we took a look back price does respect that area, for the past two days, all we saw were bears in the market, and addition the support that price have been making oven the last uptrend got broken. plus, the price is showing a rejection, the next couple of...
Dow has broke a support/resistance line. and it's also a channel, it did a pullback already, but there is a really good entry that price is doing right now, price never returns after this pattern as you can see, the HMAs are following each other, and working as a support for the price and each other.
US30 - Crab Still Valid, HTF PA is still bearish even after the last push to the upside yesterday. (This was expected to cover previous imbalances, we can also see a HTF Double top forming, now the LTF is Bullish) I expect a small push to the downside to clear the liquidity, before a retracement then a continuation from the PRZ (Red dot), I will analyze PA on a...
What people have not learned about the Bulls? They keep on COMING! Ever seen a cow studded by a man bull? Just watch out for the pointy end! But seriously, everyone doubts the dow. Might as well spell the next short "DOWnt" because Bulls are still in control of the weekly chart. Take Profit May 2021 40,000
DJI Weekly Technical Analysis All Indicators NEGATIVE Resistance: 35091,56 - 38542,62 Support: 33271,93 - 32071,41 - 31647,53 Until 30 August we will watch. Technical looking not good.
This super cycle EWT & Fibonacci analysis is showing me that we are approaching the top of the quantitative easing/money printing pump. Nearly all of the EWT theory rules apply, and the fibonacci levels are scary accurate. The top of the fibonacci retracement is a projection in this case but the accuracy of the previous trend levels with the fib retracement...
SPY on 1 Month. In the last 12 Years we have seen 8+ Corrections Occur after a Doji Candle has formed on the One Month Chart. According to Investopedia "A doji candlestick forms when a security's open and close are virtually equal for the given time period and generally signals a reversal pattern for technical analysts." I have pin pointed 12 moments in the past...
As the ol' southern colloquialism would have it: "Darn theng (The Dow) is fixin' to be done foh, rat cheer, right about naw!"... And this where the Long March (to < 9999) bound to start, rather sooner than later. (There is also a perfect Fib. Time Cycle lurking in the background. - Look closely!) If one is afraid to Short the index outright, no problem! - You're...
... Sure looks like it. - Especially since a ~70% decline here would be nothing more than just a garden variety return to the historic mean.
... And that's without even the currency differential factored in! (... which should add an additional +8%-13% to the down-side.) This spread currently sits right at the Quarterly Pivot. As it stands, under even the most unlikely circumstances (worst case scenario) this spread, the Short DJIA / Long Nikkei225 , is a 4.5:1 R/R trade. A trade that anyone should...
It seems that every day is DJI's birthday - especially over the past year and a half. Today marks the 40th birthday of 2021, and as such, everyone has been invited to the surprise party. Believe it or not, I think the Dow might actually like his gift this time around. - Piggift TVC:DJI CURRENCYCOM:US30 TVC:SPX CURRENCYCOM:US500 TVC:NDX CURRENCYCOM:US100 ...
... most likely. Let's reason for a second. (Despite all the noise out there.) The title chart is the Monthly Gold/Copper Ratio, e.g. is very powerful. (It does not tend to turn on a dime!) This has just completed the month of Jan. 2021. 1) It has finished the month by completing a Bullish Hammer, bouncing off of the (very) round number / level of 500; 2) It...
Likely! As it happens, the Dow's trajectory is in perfect agreement with the Gold / Copper Ratio's price level projection! Pure coincidence??... Not likely. Here is that "famed" ratio (... and Yes, it still does work!);
Dow Jones is looking Bullish for next week so lets all get to it! :) Have a great week all!
DOW JONES 1D-TIMEFRAME ANALYSIS Good evening ladies and gentlemen This is my new idea for DOW DOW price will test 25800 daily support My idea shows the possibility of breaking this support But be relaxed Real support is between 24500 and 24800 It would be good to test it From there we will start the bull market I hope my idea is clear Support me by...