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Dowtrend

US30: Thoughts and Analysis Pre-FOMCToday's focus: US30 Pattern – N/A Support – 36,280 Resistance – 36,900 Hi, and thanks for checking out today's update. Today, we are looking at US30 on the daily chart. Today's video asks if US30 will continue to track higher despite being well off its moving average. This can be a warning if you believe in mean revision. The other point we are looking at in today's report is whether we will see a stall at resistance and previous highs if the price continues to increase. A key driver could be tomorrow's FOMC; traders will be looking to see if rates remain on hold as expected and what we will hear from the FED in the statement and projections. Ideas are that we could see an end to aggressive rate policy, and what could be coming next? If it's dovish, we will look for stocks to rally; if it's hawkish, we will look for stocks to decline. Expectations are already in for May rate cuts to be priced in. Will we hear anything from the Fed to substantiate this? The FOMC will be held at 6:00 am AEDT, and the FOMC press conference will be held at 6:30 am Thursday. Good trading.
EIGHTCAP:US30Long
by Eightcap
DOW I Continued strong development is indicatedWelcome back! Let me know your thoughts in the comments! ** DOW Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
NYSE:DOWLong
by BKTradingAcademy
Dow Jones Industrial Bearish Bat?Looking at this one day chart it looks to me like DJI is forming a Bearish Bat Harmonic. For me, there is a tight PRZ with a .886 D point of a Bearish Bat Harmonic, a 2.618 ABCD completion and a 2.0 AB ext. I will be looking for a reversal here, around $37,400. My whiskers are telling me that we could trend up until Friday and maybe see a dump by Monday. The Alternate Bat would be in play if we push up above this level, so we would not be out of the woods. What do you think is up next? Owhooooo!
TVC:DJI
by Akamer-the-Werewolf
JICPT| Bullish setup of NQ on 60mHello everyone. Nasdaq has been down by more than 3% yesterday. It recovered some losses in the over-night session before heading down again. I just observed a bullish setup on the 60m with reasons below: 1. The downtrend line has been violated. 2. On the daily, price has reached the bottom of the first range. Buyer may join in at this level or there will be further down the road. Basing on my Dual-MA trading system, it is still downtrend. So the I just put red arrow around the target level of 15300 for your reference. You may close partial position if the index moves as I expected. Please trade safe.
FX:NAS100Long
by JICPT
2
Low Volume Push On DIA, Will We Roll Over Or Head HigherSame as I put for SPY , DIA is looking a little sketchy right now. Same trend is in play as back in February when it was approaching new record levels. Low volume push higher before rolling over. Plus this week there's a fair amount of economic catalysts to factor in, on top of the first round of Q1 earnings. This week there are plenty of economic events to take into consideration. One of the foremost things to take into consideration will be the kick-off of Q1 earnings results. The market could gain a glimpse of any progress made as vaccine distribution continues. Companies like Pepsi (NASDAQ: PEP ), Bed Bath & Beyond (NASDAQ: BBBY ), and Delta Air Lines (NYSE: DAL ) could shed some light on the temperature of the economy. This week will also bring consumer price inflation figures into focus. Tuesday, the Commerce Department delivers these at 8:30 AM ET. Inflationary fears remain a hot topic of conversation right now, even as the S&P and Dow reach new highs. This will also weave in with the numerous Federal Reserve speeches this week as discussions continue about interest rates. Thursday will also bring some attention to U.S. retail figures. The consensus forecast? Retail sales are expecting a jump of 5.5%. That would represent an increase from February’s decline of 3%, the largest dip since last April. Whether or not these events spark momentum in the stalled rally for small-cap stocks is to be seen. Looking at benchmark ETFs like the Russell 2000 Small-Cap ETF (NYSE: IWM ), it hasn’t mirrored the same trends as the broader markets. However, it has bounced back a bit from its late March lows. Quote Source: Best Penny Stocks To Buy Right Now? 3 For This Week’s Watch List
AMEX:DIA
by PennyStocks101
Dow makes HH, but 55 ema is the secret to retesting the lows!We broke downward out of the rising wedge so beautify. It looked like the top of the B wave was in until price decided to make a HH, which may be a potential bull trap. If we can range between 22k - 24k, my EW count will still be in check. A break below 22k will confirm my count and I expect to see many bears entering here. Another wave up would launch us to the 200ma/ema. Will monitor closely to see if we break either direction!
TVC:DJIShort
by danborovik
Reversal? Oh my. DOW GAINS 2100 PTSDow broke the down trend... I was short until today. Went long on Semi's. If the stimulus package proves to be effective and builds investor confidence then I'm inclined to go long here. There are some very good stocks that have dropped 50-80%. From what I've seen, the package says that the government will pay furloughed employees their salary for 4 months. This to me is a good sign. It will keep people working. (How will they pay for it? Not entirely sure) I believe this will build investor confidence. Government will bail out industries, Large tech companies providing aid, people and companies around the world helping out... There is light at the end of the tunnel. I think if we are to go any lower, it will most likely retest the 18200 level but that seems to be a strong support. My initial theory a few weeks ago was that we would see 16000-18000 dow. Now I am not sure that is the case. Just my 2 cents.
TVC:DJILong
by AfuOptions
DOH! 2008 Might Have Done More Damage Than Thought ? Looking at the magical colored lines, it's clear to me from 1975 - 2008 the dow spent most of it's time hugging the red line, launching off it from 1995 and falling back to it during tech bust in the early 2000s. From 2008 thought it fell below the purple line which I believe is an old support from around 1982-1985 this line line connect all the way to post 2008 recovery and became the new resistance line which it has been totally unable to breach. The Support line in blue seems to match up with the lows in 1982. So what does this all mean ? I'm not an economics expert and I'd love other peoples opinion but my personal thoughts are just from this I'm going to make a punt that the post 2008 recovery hasn't been as strong as has been made out to be and that it may have been fueled by long term unsustainable debt and that the current chain of events were inevitable. Just my thoughts, I'm no expert I just see lines on a chart that seem to rhyme.
TVC:DJI
by th3gr3k0sLaV
1