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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. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
DJ:DJILong
by InvestingScope
5
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-
DJ:DJIShort
by bitdoctor
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
BITSTAMP:BTCUSDLong
by reenjes88
DJI - Head and shoulder formation?! Hello traders, we see a interesting formation in the weekly timeframe provided from the Dow Jones Industrial Average Index. Since January 2018 the index is trading in the range between 27000 and 21700 points. It fromed and interesting formation till now with an low at 21700 points. Looks like an inverted Head and Shoulders formation, the right shoulders could possibly complete within the next weeks. If we break through this upper resistance line which you can see in my chart, it would be possible that we get a good squeeze with momentum to the upside. For completion the upper resistance line should be confirmed with an pull-back. When we break thorugh and confirm the line i will open a long position there. Possible targets would be 32000 to 33000 points. Thank you for looking at my analysis, i would appreciate when you follow my profile for more excelent market reports. Have a nice day!
DJ:DJILong
by YinYangCrypto
2
Dow Jones below the MA20. Caution. At least -1.40% underway.DJI has crossed below the MA(20) for the first time since late March. 1D has turned neutral (RSI = 50.457) calling for attention. Since the aggressive bull market took a pause in January 2018, Dow Jones crossed below the MA(20) 12 times. The dynamics of each break out vary but on average the price dropped -4.94% before the next sustainable rise. The highest decline was -14.10% (December 3, 2019) and the lowest -1.40% (May 29, 2018). Since the index has already pulled back -0.94%, it is fair to assume that more selling in underway. If it drops to the minimum -1.40% then the bottom will be made around 26,050. If it drops to the average -4.94% then expect a bottom around 25,100. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:DJIShort
by InvestingScope
1
Dow Jones (DJI) - Time to take a bowNot financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. Wow. What a rally. Looking at different indicators and charting methods, I've found some confluence I'd like to share with you. 1. We got rejected at what would appear to be some resistance based on a pitchfork. This seems to be the new hot thing these days but in this case it's actually looking good. We got rejection at the top descending resistance line of the pitchfork which leads me to believe it's an accurate measurement of price action and control. 2. Is 71.3% fibonacci retracement a real thing? I've now seen this level get defended more times than I'd like to admit. We actually got rejection there on DJI which leads me to believe since I'm seeing this across multiple asset classes now (crypto and traditional markets) that this is a level I need to pay attention to and take seriously. 3. Assuming we go down from here, we should be targeting at least $24,000 conservatively but a revisit of the median is not out of the question which would be a decent thought for a double bottom reversal. Will this happen? Only time will tell. Nobody has a crystal ball. 4. We're trading above the 200 day moving average and found some support there on Friday, so we've got a tight zone here. 5. Last thing to note - I'm using an overlay that detects pivots and you can see (red and green arrows) that it has done a decent job for past performance. Well, it just turned bearish last Thursday. This further supports my theory of some downside in the near future. No Trade Zone: $25,000 - $25,400 Breakout above or below will be the trade. I am leaning bearish at this zone but trade the safe and probable trade, not the hopeful trade. If you weren't able to get short at $25,400 then you need to wait for a confirmed breakout in my opinion. Trade safely friends! <3 -CE-
DJ:DJIShort
by bitdoctor
SHORT Dow Jones Carves A Lower High at 24860!The Dow Jones index has made yet another high at 24860 levels before pulling back, which could be a potential top for the down trend to resume further. Please note that Dow Jones pulled back close to the down trend line passing through around 25150 levels and just ahead of fibonacci 0.786 resistance at 25100 levels respectively. This might not be a confirmed bearish reversal though but potential remains for bears to take control from here. Looking at the wave structure, after having produced an impulse wave lower Wave (1), followed by a flat corrective Wave (2), the Dow Jones might be unfolding Wave (3) lower and might have completed waves i and ii at 21800 and 24860 levels respectively. If the above structure holds, we could see much lower levels going forward. Please note that 26000 levels needs to hold for bearish structure to build on from here. 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.
DJ:DJIShort
by FXTM