Get started

Jones

The DOW seems to have lost some support.My vertex hypothesis states that before major trend changes, the vertices on their respective parabolas will be generated on their moving average parabolas (minimum or maximum points in which the slope of the tangent line is zero). A common metric for bearish vs bullish market cycles is the price action being below or above the 200 daily moving average, respectively. In the above chart, the DOW, for the first time in a long time, is showing its 200DMA as declining, similar to drops in 2008, for example. Prices remain below the 200DMA -- indicating the beginning of a bear cycle -- and if the 200DMA is not taken back, we could see drops to the Fibonacci retracement levels of $13.8k and $12.4k.
DJ:DJIShort
by RespectRiskManagement
1
IS THE S&P500 FOLLOWING YEARS 1965-1966? IF SO SHORTOctober 2014 - October 2015 coppied and pasted on to years 1965-1966 correction rally and correction. Here is a possible fractal where current price could be following or rhyme with years 1965-1966. Both periods had an initial correction (october 2014) both periods had a powerful rally out of the correction lows that made a similar % move and time move from lows to highs. Both periods seem to have made a wedge into highs. From highs to the August 24th lows both periods made a similar % drop and took a similar amount of time. Current price is following the sideways chopzone of year 1966 to date. If current price can not break out of the chopzone where year 2015 continues to follow the year 1966 correction. I would believe towards the end of this week into next week the S&P500 could make a final top before dropping another 16% if year 2015 continues to follow year 1966. I could be 100% wrong! I also have a bullish view where if price breaks out of highs or finds support in the chopzone the S&P500 could go on to make new highs or test highs. I don´t know so I am keeping an open mind to bull and bear setups. If the short continues to trade I will look to sell the ES with a stop to show me I am wrong and not max pain. Best to your trading!
YShort
by elp
3
DOW JONES OVERVIEW: APPLE HOLDS 10-YEAR UPTREND TESTDuring the recent selloff, Apple on long term basis failed the 5-year uptrend by falling below 1st upper standard deviation from 5-year (260-week) mean @ 109, however held the test of 10-year uptrend by bouncing up from 1st upper standard deviation from 10-year (520-week) mean @ 92. On short term basis, the price managed to hold 1-year ascending channel (marked by 1st standard deviation from 1-year (264-day) mean, but the risk remains on quarterly basis - the price is below 1st standard deviation from quartelry (66-day) mean @ 116, reflecting probability of more downside here. Thus we can conclude that while price is trading above lower 1st standard deviation from yearly mean @ 102,80, the overall bias remains positive. It will be confirmed by price getting back into 5-year uptrend by breaking above upper 1st standard deviation from 5-year mean @ 109
NASDAQ:AAPLLong
by Killy_Mel
2
DOW JONES OVERVIEW: 3M RISKS TO TEST 10-YEAR TREND3M price is in a very tricky situation... On long term basis it failed its 5-year (260 weeks) uptrend test by falling below the 1st upper standard deviation from 5-year mean. It's 10-year uptrend is still intact, as price is trading above upper 1st standard deviation from 10-year (520 weeks) mean. On short term price is in downtrend on quarterly basis (below 1st st deviation from quarterly (66-day) mean, which is now allinged with upper 1st standard deviation from 5-year mean) Price has also fallen below upper 1st standard deviation from 1-year (264 days) mean, risking downtrend on 1-year basis. Thus if 3M continues to trade below 1st standard deviation from quarterly mean (149) and below 1st standard deviation from 1-year mean (144.75), it risks to retest the 10-year trend border, marked by the upper 1st standard deviation from 10-year mean (130)
NYSE:MMMShort
by Killy_Mel
2
Pitchforking the Dow could burst its bubble!US stock markets have proved their resilience over the years as they have climbed a "wall of worry" and my my my, it has been some wall they have been scaling. It would be foolish to call the top in any market that has displayed such steepness in its ascend but it is evident from the chart that we have hit some long term resistance levels. - Triple Bottom Measured Targets: Dow has hit the 50% measured target - Andrew's Pitchfork: Dow has hit the upper boundary of the pitchfork 3 times within the past five months and is being resisted. - Rising Wedge - Dow still "coiling up" within its rising wedge Maybe all that is missing is a final " Buying Climax" that would pierce above the pitchfork upper boundary and wedge , to send the Dow tumbling down and begin a long awaited multi-month correction! 17k remains a CRITICAL SUPPORT LEVEL!
DJ:DJI
by Legionnaire