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Dowshort

Dow: Potential Big Algo Sell-off Post-Fed 'Talk' TomorrowWe clearly finished in the red today while being mostly flat for the majority of the day. This shift in negative volatility in the last hour will likely continue slightly tomorrow at open, with increasing downside risk before the Fed speaks, and likely sell-off algorithmically hard when his talk completes. If the Fed is dovish on cuts for September, this idea will not occur. If however, as I highly anticipate and expect, he is not ultra dovish for September cuts, this idea will pan out. He MUST virtually guarantee at-least a 25bps cut in September or there will be a large sell-off. Watch for a 25,398 test at-least, with the potential for 25,285 depending on his specific wording. One very important note: The PCC ratio continues to fall despite the recent 3 day bounce to the upside that we had recently. What this tells you is that algo bots are selling the bounces, and not buying. Therefore, the bounces we receive are simply bounces off resistance levels - NOT a new bull run. Advice: Long Gold/Silver. Add TVIX shorts slowly at 20.00 or below. - zSplit
TVC:DJIShort
by PaulDeep19131
LOOKING AT THE 2019 RECESSION FROM A ELLIOT WAVE PERSPECTIVE This analysis is purely written from an Elliot Wave perspective. There are no macroeconomics or any other economic theories involved. SPY: Looking at Monthly SPY, we had the completion of wave 1 in 2000. Followed by a recession in 2001-2002. We then had a pullback to the 2000 high, which then ended up double topping and then falling to lows in 2008. This is a clear ABC Flat, where a flat either ends at 1:1 retracement or a 1.272 retracement. As we can see on the chart we ended in a 1.272 retracement and began recovering again. Which resulted in a huge impulsive 3rd wave up. In Elliott Wave Theory wave 3 is the most impulsive wave of all. I've made a 5 wave subcount inside the 3rd wave, which has a extended 5th sub wave, which ends at a 2.618 extension. This is because wave 3 closed below the 1.618 extension. The 2.618 also concludes with the overall 5 waves count, where the 3rd wave ends at 2. extension. (yellow wave). This suggest that we will see a retracement back to (most likely) a 0.5 fib extension of the 3rd wave (yellow). DOW: To keep this short, we are seeing almost the exact same pattern with DOW. We have a 3rd wave ending at a 1.618 extension (instead of the .2 extension on the SPY.). If we count the subwaves of the 3rd (yellow) wave, we have a 5th subwave ending at a 2.618 extension like we had with SPY. We would now expect the same ABC retracement to the 0.5 Fibonacci of the 3rd wave. Conclusion: Overall we see overbought levels with both the SPY and DOW, this will lead to a recession, which could be worse than the financial crisis in 2008 and the great depression in 1930. I expect a 35-40% drop in these indexes.
DJ:DJIShort
by LukeSkywalker
1
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 :)
DJ:DJIShort
by krsissi10991
1