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Dow Jones Futures are currently up nearly $900(4%) to $23,400 and has made a push above the 38.2% Fibonacci retracement level and out of the bearish lower levels of the total Fib range. With price moving above the 38.2% Fib level, price has also created a higher high and higher low which indicates a short-term uptrend so the view has now shifted from bearish to...

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The Dow Jones is currently up nearly $840(3.9%) to $21,785 after holding at the 23.6% Fib level upon futures market open last night. Price is currently testing the downtrend resistance line which for now is still acting as price resistance. This move comes as President Trump and VP Pence had an upbeat tone during Sunday evening’s press conference while touting...

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The Dow Jones monthly chart shows price testing support at the 38.2% Fibonacci retracement level in the total Fibonacci range from the 2009 Global Financial Crisis low to the February 2020 all-time high. Price had previously breached the 38.2% Fib level during the initial coronavirus selloff while also breaking below the broadening wedge pattern and finding...

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The Dow Jones Industrial Average(DJIA) opened at $21,285 on Friday and closed at $21,052 for a loss of -$360(-1.7%). Price closed just above the 23.6% Fibonacci level which has acted as support for the past three trading sessions while being rangebound between the 23.6% and 38.2% Fib levels for the past eight trading sessions. Traders have been unable to push...

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The Dow Jones Industrial Average is on its 8th day trading between the 23.6% and 38.2% Fibonacci levels while currently holding support at the 23.6% Fib level. As long as price is trading below the 38.2% Fib level the trend will remain bearish. Price is rangebound between these lower Fib levels while trending below the red downtrend resistance line which is also...

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Still no major change in the market outlook with the Dow Jones Industrial Average(DJIA) being rangebound between the 38.2% and 23.6% Fibonacci levels for the past 6 days, and looks to test lower support at the 23.6% Fib today. The expected move here is still a push below the 23.6% as the coronavirus continues to weigh heavily on the economy, especially with the...

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Gold saw a strong quarter with an opening price of $1,521 in January and a closing price today of $1,637 for a +7.6% gain in the first three months of 2020. This comes after price broke above the 38.2% Fibonacci retracement level in the second quarter of 2019 which was a level that acted as resistance during the 6-year bear market after price peaked at an...

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The Dow Jones weekly chart shows price held support this past week at the 50% Fibonacci retracement level from the 2020 all-time high to the 2009 low. This represents price giving up 50% of the gains seen from the March 2009 low to the recent all-time high made this year. Price also moved back above the 38.2% Fib level on the weekly chart which puts the trend...

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The Dow Jones Industrial Average(DJIA) saw a $915(-4%) loss on Friday after failing to move above the 38.2% Fibonacci retracement level which was pointed out in the previous daily chart shared. Price remaining below the 38.2% Fib level indicates that a bearish trend is still in play and that further short-term price weakness can be expected as long as price is...

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The Dow Jones Industrial average saw a $1,351 gain today, up +6.38% from an opening price of $21,468 with a close of $22,552. Price has also now risen +24% off the recent $18,213 low indicating that a short-term bull trend is now in play. After yesterday’s doji candle(trader indecision candle), price today jumped from the 23.6% Fibonacci level up to, and found...

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The Dow Jones Industrial average saw a $459 gain today, up +2.4% from an opening price of $21,050 and a close of $21,200. Price had seen a high of $22,019(+4.6%) intraday as investors placed hopes on the passing of the coronavirus economic relief bill, but gave up half of the days gains late in trading as the bill fell through and was once again pushed back to a...

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The Dow Jones Industrial Average saw the best percent gain today since 1933 and its largest 1-day point gain ever, up $2,113 today with a close of $20,704 from an opening price of $19,722. This move comes after price held support yesterday at the 50% Fibonacci retracement level of the total Fibonacci range from the 2009 low and the recent all-time high, which was...

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Air Canada chart for follower, JJ Kim. Price has fallen roughly -75% from the all time high in February as global airline stocks have taken an exceptionally hard hit during the coronavirus pandemic as global air travel has witnessed an extreme drop off as countries across the globe shut borders and restrict travel. Price is currently testing and holding at the...

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The Dow Jones continues to hold above the 50% Fibonacci retracement level which is the midpoint between the 2009 global financial crisis low and the all-time high made in February of this year. Stocks saw early gains today as the Federal Reserve announced unlimited Quantitative Easing to prop up banks and the financial system, but then prices retreated as US...

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Gold held above the 50% Fib level and horizontal support line, as expected in the previous gold chart, and saw its best daily gain today since March 2009 when the Federal Reserve expanded Quantitative Easing 1 during the global financial crisis. Price rallied +4.12% today from an opening price of $1,505 and closed at $1,567 on today's Federal Reserve announcement...

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Dow Jones futures are currently locked limit-down as trading was halted after a -954 point drop at the open of trading. Price fell -5% to a new selloff low of $18,086. Price as now fallen nearly -40% from the all-time high in what continues to be the fastest and steepest stock market decline on record. Price is now testing the 50% Fibonacci retracement level...

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After rising +60% off of the $3,850 low, Bitcoin is finding resistance at the 38.2% Fibonacci retracement level near $6,400. Price trading below the 38.2% fib level indicates an overall bearish trend for price and the potential for more weakness. Until price moves above the 50% fib level price will have negative bias. A move above the 61.8% fib level is needed...

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Friday saw the price of gold close at $1,484, down -14% from the recent high of $1,704 made earlier in March. Price has fallen below the 38.2% Fibonacci retracement level and is currently testing horizontal support at $1,450, which stems from a price peak made in July 2019 and then tested and held as support in November 2019. This recent test of horizontal...