Dear colleagues, I believe that the correction in the wave “2” has already taken place and therefore the impulse wave “3” has started, which according to the rules of wave analysis should reach the resistance area 41687. This is possible in 2 cases: 1) wave 1 has not been formed yet 2) after wave 2 in wave 3 (then this level will be reached 2 times). Manage your...
"What the Yield Curve and Fed Moves Mean for Your Next Trade." Historically, when the Federal Reserve lowers the federal funds rate while the yield spread is negative (also known as an inverted yield curve), it has often been an indicator of an impending market correction or recession. Let’s break this down: Historically, the bond market is a key indicator....
Price swings and volume look very similar to August 2021 IMO. If it follows a similar trend we will have a few days down to the 50 day EMA or a 2.3% drop but then back to the top for a week or so before a bigger fall (4%) down starting mid to end of Aug. Sometime in Sept we will see a burst back up for election time and then choppy up and down before what could be...
Dear colleagues, after I realized that the price is in the upward impulse of wave “1” I realized that we should look for the beginning of the correction of wave “2”. At the moment I expect the price to rise a little more to the resistance area of 41379 and then start a corrective movement to the area of 38.2%-50% Fibonacci levels (40137). Manage your capital...
Dow Jones (DJI) is having yet again short-term volatility following the August 30 All Time High (ATH), but as we explained last week this is natural, since the medium-term Channel Up hit its top and was looking for the 1D MA50 for buyers and a Higher Low potentially a little lower. On the longer term though, the trend is intact and is heavily bullish. The 1W MA50...
DOW JONES ELLIOTT WAVE Hourly counts of DOW JONES are plotted on the chart. Not a buy sell recommendation just a view. pls do ur own research before going for any trade activity. regards
The stock market continues to make new highs and is finishing the final touches in this topping process. The problem is the Russell is failing to make new highs. We can see before every stock market crash was accompanied with the SPX/NDX/DJI making new highs while the Russell makes a lower high. This occurred during 2008, 2022, and it could be happening right as...
Roaring 20s, Roaring 20s Paralleled 100 Year Event. During 1920s - 1930s we experienced a "pandemic event" in both scenarios *odd*. It created a shock crash followed by a pandemic rebound that the masses called "bubble" this is where valuations broke due to a black swan event. We use the SMA 2D (200) that shows the larger trend of the market and we...
Dow Jones (DJI) did what we expected of it 3 weeks ago (August 13, see chart below) and after pricing a Higher Low at the bottom of the 5-month Channel Up, it rebounded and reached the All Time High (ATH), pricing a Higher High: In continuation of that analysis, we now expect the new Bearish Leg to extend to possibly as low as the 0.618 Fibonacci retracement...
As expected, SPY double-top looks to be playing out. I don't expect us to drop much lower than the pink ascending trendline. Maybe we'll touch that 200 dma before our full send. Let me remind you that the pink ascending tl is the neckline of a large cup and handle pattern on the bi-weekly, the target of which remains 650-700. This is still in play on the longer...
This is how we hold the finance sector accountable. Caution in all assets. The world economy is grinding to a stand-still. This selloff will be deep and obviously very painful. There are a ton of hype stories and narratives out there - I have covered and poked fun at many of the ridiculous narratives in previous posts. We knew this day would come.
INTEL SHORT TRADE Short entry at: 34.74 Stoploss: 35.95 Profit targets: TP1: 33.24 TP2: 30.81 TP3: 28.39 TP4: 26.89 All targets done - INTEL! Please follow for more analysis, tips and trade setups.
Before: Pre Analysis: Looking for price to respect 41,230 to take long position. In this area we've had multiple rejections which formed a beautiful 1hr support. On the 1hr we can see a possible liquidity grab around 41,180 where on a higher timeframe (Weekly + Daily structure) we have respected putting in HL. After: 41,230 Area respected again putting in...
My Dear Robbers / Money Makers & Newbies, This is our master plan to Heist US30 / DJ30 / DJI Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish...
Another day, another record high for a US stock market. Only the one seen on the Dow Jones underwhelms given it is not backed up by its own futures market, let alone its peers. We're also approaching end-of-month flows (which can prompt fickle price action). And keep an eye on the Nvidia earnings report on Wednesday (US) which can single-handedly drive sentiment...
1D Chart / LONG Technical Grounds -NV > +250M -TV Strong buy -LinReg Pearson <0.95 -Pivots HL still Long-Green -LinReg > 90 degrees (uptrend) -Reverse Head & Shoulders Formation -NV shows a declination trend of negative bars -Price crossed up SMA100, SMA20 & LinReg Mid Line -Price crossed up index resistance on past Aug 15th -Price level far from cyclic ending...
DJI has entered a key resistance zone of the 4 HOUR time frame. There are 3 likely scenarios. A,B,C on the chart. We are waiting for a definitive move on the charts, we are looking for a BREAKOUT, either BIG VOLUME breaking the resistance level, or a REJECTION of the resistance level, followed by great volume. The third move that could be made is ACCUMULATION /...
The linchpin was Japan, the Japan interest rate scare has started the panic with the FRED. 1. US Debt spiral is 34.5T. 2. US Debt Interest at 1T and the system has buckled. 3. MMF at all time high 4. Majority still believe a yield curve that has not worked since 2008 will cause a recession. 5. The USA cannot have a recession or it defaults on its debt. Rates...