Jones
I'm Starting to See a Patern Here (DOW JONES DROP INCOMING)The Dow has tested the blue resistance line (around 19,000-19,200) about 7 times throughout the last week. The Stoch RSI is also showing it is not oversold yet. In addition, you can see the pattern of a big drop, a small gain, a big drop, a small gain, and so on. We just had the small gain and I think another big drop is coming on Monday. However, if it decides that after 7 times of hitting a resistance to rebound off of it, this could be the bottom of the recession (I think this is highly unlikely and has a 5% chance of actually happening).
Weekly Momentum On Major Pairs (Week 13/2020)First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Very Bearish
Gold & Silver: Bearish
XXX/JPY: Very Bearish
Stock Indexes: Very Bearish
BitCoin: Bullish
DJI - Dow Jones Industrial AverageReduced 1929 bear -65%. Just idea, not trading advice.
This indicator shows the distance from the 20 MA (here monthly)
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weedmoon - dodging clouds of corona, stacking physical weed, that's how we do it
Open gapOh boy, tomorrow's open is gonna be a doozie.
Let's examine where we can go.
-that last hour is ugly. Any bids looking for a sale are shook.
-potus answered a question about a possible recession, to which he said maybe, and of course the times have run a headline saying he said this on his own accord; in reality he was brushing off a question that wasnt related to covid
-we have a very weak upper channel that formed on march 5th, which I believe is going to form the top of a descending channel; the base of which we formed trailing blood on feb 28th.
Tomorrow is going to be red.
Dow Jones Preparing a Big Bearish WedgeYesterday i posted the bearish wedge on the left, the smaller one, thinking it could drop and then move up again. We did exactly that, but the move up has been a bit slow for my taste, so now i am thinking we might be in the making of an even bigger wedge (the yellow triangle).
For this to play out, we have to make a lower high now, actually even means that the high should be set already. I expect US to move again AFTER Europe closes in half an hour from now. So as long as we stay below 26650/600, this idea stays valid.
If this plays out, we should see a drop below yesterday's low, thinking around 25.500. If we find support there, we could be headed towards the 27300/700 zone. Only to make a new high there and then make another huge dump. Maybe 2000 points, maybe 6000 points, that i can't say.
Some of the updates i posted yesterday:
Was hoping Dow would come back to current prices, maybe even 27500, since FED just cut the interest rate with 0.5%, spiking you prices a bit. Thinking they can fight the virus with intrest (LOL).
For me it’s simple now, as long as we do not see a the virus calming down, and continuing to spread, closing down businesses, markets will drop. Trump and his friends will do everything to prevent a market dump, but as long as the problem increases, people will simply sell into each rally we get. So I don’t believe they will be able to hold it.
Now normally, each wave happens in at least 3 waves. So the big dump was a single wave, meaning we should see another wave at some point. I think it’s worth the risk, to take on a short between 27000/500 with a very wide stop, think I will even use 1000/1500 points. It could potentially be an entry for a big move, maybe even below 20.000 if economies continue to find troubles because of this virus.
About eurusd, looking great. With this intrest cut the FED did, will put even more pressure on the Dollar. So maybe we get a correction on eurusd, but I think that a very big chance that THE low was set last week when I told you guys to hedge, that we will likely see it continue to rally this year.
Even Dow is glued to my line :) . Anyway, still dropping, now comes the difficult part. This idea is actually to patiently wait for a bounce in this zone, rally above today’s high, see it slow down and then short it. Going long here is risky, fed rate cut news today was short lived and got sold (as expected, xxxxxx thinking it will work ). At the moment looks like a bear flag or bottom formation. Think if we see one more dump, fast one, like towards 25500ish, could be a stop hunt and then the potential low. But again, long is very risky in this market, safer plays is shorting the highs
DOW JONESDow Jones is the oldest index in the world.
This index always shows what is happening with the US economy - the largest economy in the world.
Soon can be a new crisis and the question why this is happening? people will have many answers
But I'm not talking about that
Each crisis created new technologies and new companies, and the people who created or invested or participated in this are rich.
Companies created in crisis 2007-2008
Blizzard
Whatapp
Airbnb
Uber
During the dot-com crisis and the Russian crisis
Amazon
Ebay
Netflix
Google
EXON
1991
Idex
Eccenture
1980-1982
AT&T
Adobe
1973-75
Apple
Microsoft
1969-71 Starbucks
1960-61 Humana
1937-38 Macdonalds
The crisis is changes, changes in the consumption model, transition to a new stage of evolution,
in the next crisis, someone will lose their jobs, and someone will create large multi-billion dollar companies
2008-2009 and Bitcoin are very good examples of this. I’m sure that Satoshi understood the flaws of the financial system.
and created bitcoin which is devoid of these flaws.
Create whatever
Best Regards EXCAVO
And thank you Kris Kacher
US stock market: growth out of control The Dow Jones Index is showing the longest period of growth in its history. Given that this growth is completely divorced from economic development, even the most avid bulls in the US stock market are beginning to doubt about prospects: the growth is clearly out of control.
There is another fact: when the market grows very rapidly in a very short period, it becomes extremely vulnerable to correction.
According to many analysts, a correction in the US stock market is inevitable and its minimum scale is 10% -20%.
Jack Ablin, chief investment officer at Cresset Capital, expects a 15% correction in early 2020.
The problem of the US stock market in terms of continuing the bull rally is the lack of drivers for such growth: the economic growth rate has long lagged behind the stock market growth rate, on the eve of the Presidential election, there are no serious economic reforms to be expected, companies are stopping their share buyback programs, and their financial results for the fourth quarter in a row show worse growth rates.
Perhaps the only chance for stock market growth is an active interest rate cut by the Fed. But the Central Bank made it quite clear that it is not going do that.
Recall, we consider 2019 the last year of unjustified growth in the US stock market. Already in 2020, it is going to adjust. The scale of correction is from 50% and higher. Given that in recent years, shares of technology companies in the US stock market have grown by an average of 7-8 times, the US stock market will no doubt become the object of massive sales. We recommend participating in this process, selling both the market as a whole (Nasdaq index) and the shares of individual issuers (Apple, Microsoft, Alphabet, Oracle, etc.).
Dow Jones should become interesting in the red area Afters Monday´s sell off it the red area (50-76.4% retracement) is on my focus. At the moment we have seen a first shy pull to the upside. This move has not yet a 3-wave structure therefore we could correct a little bit but then see a deeper pull into the red area in form of a C-wave. After a clear 3-wave corrective move up ABC into the red area the index would look interesting for a short swing opportunity. Stay tuned for more
Catastrophe On The WayThis is a weekly chart of the Dow Jones. Notice the ascending wedge. That is a bearish pattern. A big bear is on the way. look at the stochastics down below. Notice we are at a top of the cycle. Once the price bars move outside of the triangle it will break strongly in the direction it breaks the triangle I drew. Whatever direction it goes while exiting this pattern that's the direction it will go.If it breaks down it will go heavy to the down side. Look out below! Check me out on my YouTube Channel. I'll be posting in about 30 hours.
Dow Jones Trading 2 HR Chart Oktober EducationHere i show you a simple trading stragety
on a 2 HR Chart.
So only a few trades in a month.
Trading Long if you have a high high
anmd trading short if you have a lower low.
10 Trades
+ 330
+ 60
+ 400
- 270
- 45
+ 30
+ 45
- 110
- 190
+ 250
6 Gewinner + 1115 Points
4 Verlierer - - 715 Points
SUMMARY 400 POINTS
with only 4 times a day to watch the chart
It would be even better in a 1 HR chart
with more trades and better Results
Good trades.
if you want to support my work, please like them
My analyes here are all NOT a request to buy or sell
seomething. Allways do you own research.
Renkotrade
Dow Jones: Channel Up turned into a Triangle.Dow Jones is extending the rebound on the Higher Low made yesterday on the 1W Channel Up (RSI = 51.067, MACD = 249.310, Highs/Lows = 0.0000) after the Nonfarm Payrolls missed the forecast today. This fundamentally bullish for the stock index (Fed and rate cut outlook).
Technically the 1W Channel Up failed to make a Higher High last month so the medium term overlay can turn into a Triangle. Thus we revise our target on a Lower High at 27,200.
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Dow Jones - Not a coincidence - Bearish signsThis is not financial advice. These are my personal views. Nothing in this should be taken as advice.
Looking at the log scale going back to the great depression, there are several things that we can see. We've been in this channel for almost a century. Ebbs and flows and signs that we are running out of steam.
I heard people joke around a few months ago that the stock market just "keeps going up" but if we're being honest with each other, we're running out of runway and there's a cliff in front of us. If we can't get off the ground, we're going to fall into the ocean.
Alright. Bad analogies aside, we're seeing bearish divergence on the 6 month scale going back to 1999 and the recent fall in 2017. We're at the top of this channel as its drawn and while there's nothing to really say we're going to fall tomorrow, there are certainly signs that we're in a euphoria stage in the stock market.
1. Trade wars. Need I say more?
2. Inflation. USA is printing money like it's going out of style
3. Interest rates cut. The economy is so good, yet we're cutting rates. What?
4. Trump. Like him or hate him, there's definitely euphoria around the stock market around election time and right after his election.
5. Yield curve.
I could go on but these are the important pieces of information I am holding near and dear to my heart.
I don't consider this a dire warning as the market can continue going up but we are quickly reaching the point where if (or when?) we collapse, it could wipe trillions out of the stock market.
Please be careful. Watch for big companies to fall first. Watch Amazon, Apple, Netflix. If people are bragging they have $500Bn in a stock, they're probably looking to sell it to you. You don't generally brag about big positions unless you're looking to sell.
No targets. No timeline. This chart creates one candle every 6 months. This is a slow moving dragon.
Trade carefully friends.
<3 -CE-
DOW JONES vs BITCOINThis is the DOW JONES chart. Red area from this chart fits in the yellow area on the bitcoin chart.
The banks and businessmen from the stock market said that bitcoin was a bubble. That's right. But bitcoin recovered calmly from that crash.
Bubbles also exist in the stock markets. If I compare this graph with the Dow Jones, the other ones come with the bitcoin.
Then the DOW JONES is a good example of the stock market collapse. Where it takes years to be able to buy from the biggest bubble ever. Even worse than the Dutch tulip mania.
Recovery will take a long time because DOW JONES took 100 years.
The yellow area in the bitcoin chart is where the dow will fit in and the red area what the stock markets will expect.
So bullish on Bitcoin and short the bankers