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DOW JONES Best buy entry on a 7 month basis.Dow Jones is approaching Support (1) and the Rising Support of the 2023 Channel Up. The Support (1) level has been holding for 5 months. Based on the Falling Resistance that initated the current correction and the rejection on the MA50 (1d), the price action is identical to November 2022 - March 2023 so far. Trading Plan: 1. Buy on the current market price. Targets: 1. 34800 (Falling Resistance). Tips: 1. The Sine Wave tool very accurately displays the Cycle of peaks and bottoms since late 2022 and shows the price is on the most optimal bottom buy level time wise. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Long
by TradingBrokersView
DOW JONES: Support Zone intact. Buyers are favored short term.Dow Jones is volatile on the 4H timeframe (RSI = 37.485, MACD = -170.620, ADX = 29.943) after almost testing the S1 level (32,813) yesterday but following a 4H MACD Bullish Cross formation, it is a low risk buy opportunity. The rejection of the previous rise took place on the 4H MA200, so that is our target again. Buy and TP = 33,700. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
DOW JONES The bottom isn't in yet.Dow Jones may be trading inside a long term Channel Up but the medium term pattern is a Bearish Megaphone. The last Bottom of the Channel Up was closer to the 1week MA200, this time the MA level is even closer, a strong candidate for a bottom. The previous correction leg made a -10.15% extension, a new one of this size meets almost perfectly the bottom of the Channel Up and a little over the 1week MA200. Sell to 32400 then reverse to buying and target 33600 (1week MA50). Follow us, like the idea and leave a comment below!!
CAPITALCOM:US30
by TheCryptagon
DOW JONES: Strong short term buy signalDow Jones is on a range with the 1H timeframe neutral (RSI = 46.672, MACD = -41.790, ADX = 29.739), giving us an opportunity to buy the decline of the last three days and target the 1D MA50 (TP = 34,000). Technically this consolidation, even on 1D RSI structure which is inside a Rectangle, mimics early September. The medium term trend remains bearish inside a Bearish Megaphone but the long term bullish inside a Channel Up. See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
DOW JONES On the verge of a new bullish break out.Dow Jones is testing the MA200 (4h) today, after holding the MA50 (4h), extending the rebound that was generated at the bottom of the Channel Up. This is so far replicating to a good extend, the March 15th rebound-bullish leg. Trading Plan: 1. Buy on the MA200 (4h) break out. Targets: 1. 34850 (Falling Resistance). Tips: 1. The MACD On the (1d) time frame is past a strong Buy Cross, much like March 22nd. It shows that we are on the same level as when that bullish leg tested the MA200 (4h). Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Long
by TradingBrokersView
2
DOW JONES is in an expansion Cycle and people still shorting it!Dow Jones on the 3M chart gives you the clearest picture you can get. Every 10-15 years it consolidates inside a Megaphone (fundamental reasons like war, recession etc) and then an expansion phase follows. In the 90s this expansion phase was extended due to the uprecedented boom of Dotcom. While the index is on its expansion phase, the RSI trades inside a Falling Wedge, which warns of the loss in bullish strength and eventually leads to the new Megaphone. Right now it is obvious that we are in an expansion phase. Needless to say it will last for as long as the MA50 holds. The real question is will it be short like in the 1950s or extended like in mid 1980s-90s? Follow us, like the idea and leave a comment below!!
TVC:DJILong
by TheCryptagon
7
DOW JONES May be starting a new Bull rally under our nose..Dow Jones (DJI) is printing on its RSI on the 1W time-frame an astonishingly symmetric Higher Lows pattern as 2015/ 2016. As with today, the price was within a Rising Wedge at the time, making a fake-out bearish break but still was emphatically supported by the lower Bollinger. In fact the Bollinger Bands have been instrumental in containing the price action. It we are indeed (based on the 1W RSI) on a bottom similar to October 31 2016, then a very aggressive Bull rally is about to begin. And as always the majority isn't taking notice. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
2
DOW JONES has considerable upside potential targeting 34850.Dow Jones touched the MA200 (1d) today after bouncing off the bottom of the Channel Up. This is a standard V shaped reversal, much like the one in March. Trading Plan: 1. Buy on the next MA200 (1d) break out. Targets: 1. 34850 (Falling Resistance contact in similar fashion with April 14th). Tips: 1. When the RSI (1d) is rebounding after being oversold, which is what took place on the March 13th Low. The two patterns are identical, this is why we expect the same target symmetry as then. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Long
by TradingBrokersView
4
Forget Soft, Hard Or No Landing, Higher For Longer...Is the Stock Market Dead Money For The Next 10-20 Years? So much of how our markets work is based on optimism. Can you imagine being a money manager and your entire sales pitch is some negative diatribe about how the market is going down and will continue to go down? Would you fork over your hard-earned savings based on such a story? Not a successful plan of attack for a person trying to raise capital if you ask me. However, therein lies the disconnect between what is really going on in today’s market, versus what the average person reads and hears in the financial news. The same optimistic money managers sponsor those articles or those TV shows. Would your business buy an ad on a show or in a magazine that constantly gave a negative outlook on your business? I’ve always considered myself an optimist. However, nowadays, I find nothing to be optimistic about with respect to the US stock markets. The reason is, my prevailing analytical thesis is, the markets are now entering a long-term cycle in which many aspects of our economy will be reverting to their respective long-term mean. From interest rates, to income inequality. This time frame, I refer to, is meant to be a reset in expectations. If I am correct in my analysis, this will unfold over a long period of time. During this period, many of old correlations and metrics used to determine the value of the stock market, assets in general, (housing, for example) will break down and end up becoming less useful to those who fundamentally analyze assets, stocks and the markets for a living. The cycle I am referring to is one in which none of the current market participants have experienced. Now before you draw a hasty conclusion, and think this article is about me warning you, the reader, a 1987 stock market crash scenario is on the horizon, I’ll caution you. It is not. However, my analysis shows that the market will essentially become dead money for at least the next decade or two. That means buying most market-based asset classes, and holding them, will not produce the desired results of the past. Please indulge me while I provide some background and explain. I practice a form of market analysis that is exclusively focused on price action. I guess you could sum up my work by styling me as a pattern analyst. That means stock market news, events, corporate earnings and all external data is of little concern to me as I carry out my day-to-day analysis on the SP500. I never take those external events into account while analyzing any of the markets I cover. I watch the patterns market participants create with their buys and sells. I study those patterns across the many markets I cover and over both the short and extremely long periods of time. One could say I took my mother’s advice to heart, and watch what they do, not what they say. It’s the law large crowds, and the larger the crowd, the more accurate the forecast. The SP500 contains one of the largest crowds assembled. Each day it involves millions of participants, exchanging large volumes of assets for vast sums of money. Suffice to say, my work can produce some scary accurate forecasts based on the participation of the crowds in those markets. A final anecdote to explain my work lies in a simple experiment I observed some time ago on YouTube. To illustrate the power of large crowds, a YouTuber decides to conduct an experiment. The individual fills a large mason jar with marbles. The half gallon sized mason jar is now brimming with marbles, and the metal lid is twisted on, sealing the jar. The individual then attends a local carnival and sets up a booth to solicit guesses as to the total amount of marbles contained in the mason jar. Volunteers are asked to simply observe the jar, and write down their guesses on a post-it-note. After collecting a large number of post-it-notes, the guesses are entered into a spreadsheet. Next, the marbles are emptied on a carpet and counted. 1340 marbles. Comparing the spreadsheet data, the conclusion was, although some volunteers came close in guessing the correct number of marbles, no one guessed correctly. Guesses ranged from as low as 300 to as high as 3,000. A seemingly random data set. However, under further examination, the average of the total guesses were 1335 marbles. This simple experiment explains the legitimacy of some sort of “inexplicable collective consciences” when involving a large crowd. My current bearish perspective manifests itself in this same notion of the large crowd of market participants but over an extremely long-time frame of the SP500 (INDEXSP: .INX). Below is a chart of the price action of the index from inception. To put a simple explanation on the chart above. Since the stock market crash of 1929, the price pattern of the SP500 has essentially advanced in a 45-degree angle higher. I will spare you my explanation of the labeling of the chart as to not bore you as those details do little to further my explanation of the analysis. However, I will state that all our society has achieved since in the last 150 years is notated on the above chart. The advancement of technology, medicine, communication, war and peace is all included. For me, this becomes a visual picture of some of the best and worst times humanity has experienced during this time. What is compelling, is some of those pivotal moments barely stands out on the chart. Fast forward to today. After almost a 100-year price advance from the 1929 crash, we are now entering a prolonged period of digesting all those gains. I cannot over emphasize that this area of consolidation I forecast is 100% natural and should be no cause for alarm from a pattern analysis standpoint. As stated, that is a simplified explanation of what a super cycle event wave (IV) accomplishes. Additionally, our last Supercycle event, labeled (II), is an area of digesting gains that was hastened once the events of the Spanish Flu of 1918 were behind us and that pent-up demand was unleased. In the US, those times are referred to as the roaring twenties. Cyclically there are many character similarities in our wave (II) and our current wave (IV). Chief among them was a global pandemic and the aftermath. However, in my form analysis, a wave (II) and a wave (IV) are supposed to alternate in terms of time duration and retracement depth. If one takes place over a short period of time, the other should be long. I can see this sort of alternation I refer to take place every day, as it pertains to the very short timeframes. These patterns, whether long or short term, tend to be fractal in nature. Meaning, if you removed the dates and timeframes from a 1-hour chart of the SP500 and a 150-year chart (like the one displayed above) they would look strikingly similar. To a pattern analyst, like myself, I would be unable to discern what timeframe I was looking at. Nonetheless, the patterns would be instantly recognizable. Because these fractals form and complete on the smaller timeframes, through observation we can forecast the same effects on the much longer time duration charts. These fractal patterns tend to be self-similar and repeating. In conclusion, if what I see unfold each and every day is indeed similar and repeating when observing a price pattern that is 150 years in the making, the conclusion will be a decade or two of dead money due to a long-term cyclical digestion of gains. Call it a “massive reversion to the mean event”. From things like interest rates to income inequality, a total reset to longer term norms. Additionally, if my analysis is correct, the January 2022 stock market highs will not be breached for a very long time to come. This will be a time where investors will be forced to become more creative and pickier, as it pertains to seeking a return on capital.
TVC:US30YShort
by maikisch
7
DOW JONES: Failed on the 1D MA200, further decline possible.Dow Jones failed to close Friday's 1D candle over the 1D MA200 and opened the day lower. The 1D technical outlook remains bearish (RSI = 33.039, MACD = -323.740, ADX = 47.730) as the medium term Channel Down is still holding. A crossing over the 1D MA100 reverses this. Until then we can expect the decline to continue until it tests the HL trendline of the Channel Up or better yet the reversal is confirmed by a Buy Cross on the 1D MACD. A potential rebound there targets the R1 level (TP = 35,100). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Short
by InvestingScope
3
DOW JONES Bottom formation buy only on the short term.Dow Jones is priting a bottom on the newly emerged Channel Down which calls for a short term buy. The same kind of formation was witnessed in middle March on the long term bottom pricing when the (recently broken) Channel Up started. Trading Plan: 1. Buy on the current market price. Targets: 1. 34400 (MA50 1d). Tips: 1. The RSI (1d) is on the 30.00 oversold support. Same as on March 13th. An additional buy indicator. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Long
by TradingBrokersView
3
DOW JONES Approaching a critical Support cluster.The Dow Jones index (DJI) has broken below the long-term Higher Lows trend-line and has transitioned into a Channel Down. The current Lower Lows leg is approaching not just the bottom of the Channel Down but more importantly the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line). The latter in particular provided a Double Support Bounce on (June 01 and May 25) and hasn't been broken since March 29. We are waiting for the first 2-day green 1D candle streak in order to buy and target (at least) the 1D MA50 (blue trend-line). Projected contact at 34450 (target). The 1D RSI has hit the 34.80 Support, which provided the bounce on the August 24 bottom. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
5
DOW JONES crossed below the 6 month Channel Up.Dow Jones is waving a strong bearish break out signal as it crossed under the bottom of the 6 month Channel Up today and most likely will close that way. This means that the trend is shifting to bearish on the medium term as a new Channel Down could emerge. Trading Plan: 1. Sell on the current market price. Targets: 1. 33840 (MA200 (1d)) and if it breaks after a small bounce target extension 33200 (bottom of Channel Down). Tips: 1. The RSI (1d) is trading in a Channel Down of its own. Last time it did was from December 2022 to March 2023 and as you see that price action is similar to today's. It bottomed some way under the MA200 (1d), which is consistent with our target extension. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Short
by TradingBrokersView
DOW JONES Buy signal to 35300 short termDow Jones crossed again over the former Falling Resistance after making a bounce near the 1day MA100. This is the third time this level holds in almost one month. This keeps the long term Channel Up pattern intact. The 1day RSI is on the exact level of the June 2nd break out, showing a high level of symmetry of waves inside the Channel Up structure. Buy and target the 0.786 Fibonacci level (35300). Follow us, like the idea and leave a comment below!!
CAPITALCOM:US30Long
by TheCryptagon
11
DOW JONES: Rejected on the 2week Resistance. Any change to recovDow Jones is having a sharp opening pullback on the 1H timeframe but remains on a bullish 4H technical outlook (RSI = 58.586, MACD = 126.970, ADX = 41.565), as the HL trendline of the Bullish Megaphone is holding. The reason for the pullback is the rejection on the R1 Zone (35,100 - 35,030). A 4H MACD Bearish Cross will most likely take the price to the HL trendline and the 4H MA50 (TP = 34730) in order to test the buying accumulation at the bottom of the Megaphone. A buy signal consists over the R1 Zone, whose target will be the Megaphone's HH trendline (TP = 35,400). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
2
DOW JONES Strong bullish leg within a Bullish Megaphone.Dow Jones (DJI) gave us a strong bottom buy signal 8 days ago (see chart below): On today's idea we look at the 1H time-frame, which offers a buy opportunity for quick 1-2 day profit as the index is on a strong bullish leg within a newly formed Bullish Megaphone. Based on the 1H RSI which turned overbought and the 1H MACD which just formed a Bearish Cross, this sequence resembles the August 28 - 31 fractal and we could be on a similar position as on August 30. That was the final consolidation before the bullish leg made its peak on Resistance 1 (35100). Due to the Bullish Megaphone, this time it can go a little higher, so today's buy position targets 35150. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
3
DOW JONES 1st 1W Bullish Cross since 2016. Can we see 42k next?Dow Jones (DJI) is forming this week the first MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross (when the former crosses above the latter) on the 1W time-frame since September 2016 (assuming January/ February 2021 was flat due to the COVIC flash crash). This on its own is a major long-term buy signal, especially since the 1W MA50 has been supporting since March. As you can see the 2022 - 2023 price action is very similar to the 2015 - 2016 sequence. Both fractals started on a Bear Cycle under Lower Highs, which bottomed after marginally breaking below the 1W MA200 (orange trend-line). The new Bull Cycle was confirmed after the price broke above the Lower Highs trend-line and turned it into a Support being formerly a Resistance. The 1W MA50/100 Bearish Cross signified the bottom. Notice how even the 1W RSI and 1W MACD fractals are identical with their respective Higher Lows. It appears that Dow is currently past the initial Channel Down and on the Circle pattern, which in 2016 was the final consolidation before a hyper aggressive rally that topped in January 2018. Before that top it reached the 1.5 and 1.786 Fibonacci extensions. We treat the current pull-back as the last opportunity to buy this upcoming rally while the price is still that low. Having relatively low expectations, we expect to see at least 42000 (1.5 Fibonacci) by the end of Q1 - start of Q2 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
8
DOW JONES Last buy opportunity on the 1D MA50.Dow Jones (DJI) got rejected on August 31 on the 4H MA200 (orange trend-line) and that made the price pull-back. We are now close to the 1D MA50 (red trend-line) again, which is where the initial rebound started on August 25, exactly at the bottom (Higher Lows trend-line) of the Channel Up. This is the final buy opportunity on this pattern, as any closing below it would be a pattern invalidation and the trend would change to bearish on the long-term. Key to this, is the formation of a 4H Golden Cross, which could be only 4-5 days away. The last such formation was on June 09 and as with the one that preceded that, it will be a bullish signal. We will wait for either a new 1D MA50 test or a completed 4H Golden Cross in order to buy with the lowest risk possible. Target 1 will be 36000 and Target 2 36900 (just below the All Time High). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
1
DOW JONES Buy opportunity after strongest correction since May.Dow Jones (DJI) is consolidating under the 1D MA50 (blue trend-line) for the 5th straight day and is doing so near the bottom of the 5-month just above the 1D MA50 (green trend-line). The latter has been intact since June 02, so technically we are at a very strong Support zone. In fact August's decline so far has been the strongest technical correction since May. The lower buy confirmation will come after the 1D MACD forms a Bullish Cross, but you can also take the break-out buy signal if a 1D candle closes above the 1D MA50 first. In any case, our bullish target is 36300, which would represent a +6.13% rise, the minimum rise % since the Channel Up started on March 15. If however the 1D candle closes below the 1D MA100, we will take a quick sell and target the 1D MA200 (orange trend-line) at 33800. Upon successful hitting of the target, we will add the 2nd buy position and use it for a longer term target at 36900. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
1