DJI heading lowerThis week the DJI back-tested resistance and failed. Im expecting it to continue lower below 29200 and for 29200 to become the new ceiling resistance.
D-DJI
S&P trend is still downCrazy two weeks with some massive price swings. However, all said and done the down trend that started in January is still intact. Big test yesterday of resistance but ultimately failed with the gap up closed and no follow through after Fed rate hike. Looks like a good old pump and dump. The gray region (connects to gap up in 4/21) that I drew seems to be a very strong support and resistance zone, but again it could not hold it. Also failed to stay above the 200-day sma. Price looks to be making a double top with a slightly lower second top. If price closes below 20-day moving average band, then corrective wave is all but confirmed. Next question is, how low will it go.
From "Hovercraft" to IHS pattern? WAY EARLY but interesting 2cDo you see it? $DJI
Is it easier to see on weekly?
The "Hovercraft" patter COULD be a precursor to an Inverted Head & Shoulder!
See it now?
IT'S WAAAY early & it doesn't mean it'll happen
$ETH had one recently & went kaput
Can $DJI #BEAR be ending? Time will tell
IMO chances are NOT for
BUT
As stated MANY TIMES #markets are NOT logical
What about $NDX $SPX & $RUT?
Short answers
no, bleh & actually looks like head & shoulder recently lol
$DJI forms Outside Week (DAY)Had no plan for trades 2day barring huge opportunity, which not seeing
BUT like $META action in "bear" market
Did say keep this in mind
BUT THIS IS NOT THREAD FOR @facebook
It's for $DJI and its cronies #DJIA $DIA $UDOW $SDOW
WE HAVE HUGE MOVE in place with more to follow
Being this is WEEKLY the paint = more important
31.7k is 50% retracement but IMO we're likely retesting 30k next year, just don't see bloodbath ending year
Another post which may or may not post here later
AFAIK no such thing as HOVER pattern🤣
Me having FUN
BUT
could be precursor to one! IHS patter is hint
Dow Jones Analyze (Road Map)🗺️(Update)!!!As I said in a previous Idea about Dow Jones, If DJI touches 31885$, we can verify the first scenario.👇
DJI will make the Expanding Leading Diagonal, and I expect that DJI will go down to the end of main wave 5(zones).
Dow Jones Analyze (DJIUSD), Timeframe Daily⏰(Log Scale)
🔴Resistance zone: 33700$ until 33260$
🟢Heavy Support Zone: 31260$ until 29680$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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DOW JONES Can the 1st Golden Cross since Aug 2020 save the day?Yes the Dow Jones Industrial Average Index (DJI) formed a Golden Cross on the 1D time-frame (1D MA50 (blue trend-line) crossing above the 1D MA200 (orange trend-line)) for the first time since August 05 2020 (!) with the price approaching today the 1D MA50, the closest it has been since October 24. Can this provide Support and save the day for Dow preventing it from having a similar sell-off as in August - September and May - April?
Well we have to look at it step by step. As long as the price closes daily above the 1D MA50, we have a positive sign that the market treats it as Support. At the same time closing above the former Lower Highs trend-line (since the January 04 High) puts additional buying pressure. That will help at forming a Megaphone pattern (green dashed lines), which can be the necessary transition tool that offers the needed pull-back on profit taking and takes the index into the new Bull Phase.
At the same time keep an eye on the 1W MA50 (red trend-line), which was previously the Resistance of most of the 2022 correction and made the August 16 rejection. Prior to the 2022 correction, the 1W MA50 has been the absolute Support of the 2021 rally. If all the above keep supporting, we can expect Dow to test the 35550 (April 21 High) Resistance by the end of January.
On the other hand, a closing below the 1D MA200 will most likely initiate a sell-off that will reach at least as low as the 0.618 and 0.786 Fibonacci levels, similar to what happened in September and April.
Additionally, the RSI on the 1W time-frame got rejected on the Higher Highs trend-line that since February has caught all major peaks. It can be used as a very effective buy indicator as well as its Higher Lows trend-line has also caught all major Lows since May 23. On a side-note, this 1W RSI Channel Up can be a major bullish divergence signifying the trend change to long-term bullish.
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DJI Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for DJI is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 33418.59, where the previous low is. Stop loss will be at 33899.17, where the 61.8% Fibonacci line is. Take profit will be at 32485.23, where the 161.8% Fibonacci extension line is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJI & NDX has more distribution $DJI distribution continues
Party over for $NDX
Technically, NO PUN INTENDED, never really had one
$QQQ also shows distribution
DJI - Next level to goComment :
1) Market correction is predicted, at least, to 28638
Support & Resistance :
S : 28638
Remark :
- length of ab = cd = de
DISCLAIMER :
Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
DJI Dow Jones has 3 days of distributionCopy paste
For some reason I though I posted distribution on $DJI on 12/13 but had done it for $SPX
#DJI also has it & today will make 3 days
A LOT OF DAMAGE done last 2 days
DJI: 1D like bounce in channel to 34K As above.
Looks like obeying down channel with support and bounce off bottom trend line at 31K. Likely small uptrend to 34K.
Will follow.
DJI Potential For Bullish ContinuationLooking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Price has tapped into my buy entry at 33987.06, where the 50% Fibonacci line is. Stop loss will be placed at 34595.51, where the 38.2% Fibonacci line and previous low are. Take profit will be at 35411.35, where the previous swing high is located.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DOW JONES Has the narrative changed to bullish?The Dow Jones Industrial Average (DJI) has entered into a new short-term pattern on the 4H time-frame, a Bullish Megaphone. The 4H MA100 (green trend-line) is the pivot right in the middle of it and the short-term Support is the 1D MA300 (yellow trend-line), once a long-term Resistance which rejected the previous High on August 16.
Almost two months ago with our October 20 analysis, we argued why the trend has changed to bullish and if Dow broke above the 1D MA300, it would restore it on the long-term as well:
Is that still the case? In our view yes, especially when we see formerly bearish patterns on the 1D RSI and MACD indicators, turned to bullish. As you see we are at a point on the 1D RSI (blue circle) where the price was already below the 1D MA50 (blue trend-line) on April 26 and with the 4H MA100 as the Resistance was trending downwards. Same with the 1D MACD, which is so far ignoring the Bearish Cross. So instead of those indicators turning the price bearish, we are above the 1D MA300 and the 1D MA200 (orange trend-line) within a Bullish Megaphone. The once bearish narrative seems to have changed to bullish.
So what now? The 1D Golden Cross (MA50 crossing above the MA200) is the first such bullish formation since August 05 2020, back in the period when Dow Jones was recovering from the COVID pandemic crash. This means that as long as the 1D MA50/200 Support, we can buy the pull-backs and gradually target new Highs. Our next target is the 35550 (April 21 High) Resistance. Only break below the 1D MA50 and subsequent rejection upon testing it as a Resistance, will be a bearish signal, potentially going all the way back to 29000.
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DJI Potential For Bullish ContinuationLooking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a possible buy entry at 33987.06, where the 50% Fibonacci line is. Stop loss will be placed at 34595.51, where the 38.2% Fibonacci line and previous low are. Take profit will be at 35411.35, where the previous swing high is located.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
$DOW US30 SPX- Going up? I am long!Fina trade this channel. Respect Risk. Keep it simple. The chop tomorrow is the only thing to be mindful off.
DJII want to talk to you now about world crises.
A global economic crisis is a dramatic deterioration of the global economy. It manifests itself in a significant reduction in production, disruption of production relations, bankruptcy of enterprises, and growth of unemployment.
Micro-crisis markets occur almost every 8 to 15 years, but we will briefly consider only the most serious ones.
The crisis of 1929 is probably the most interesting crisis, and it is the one that everybody talks about and everybody talks about the crisis with this example.
The crisis of 1929 was a result of urbanization, which led to a high unemployment rate in the United States, the crisis of overproduction, the aftermath of the First World War, which led to a redistribution of the world and of the raw materials markets.
The crisis of 1978, one of the most usual crises, was caused by the overestimation of the market and the trading by the traders with the software (only introduced at that time). The mechanism is simple, the market falls within the usual crisis, the software understands that it is necessary to short, all the traders short, and the price goes lower and lower. Plus the Chicago stock exchange goes down, supposedly because of a crash, but we all know that this was probably done on purpose, as part of a stop to the decline. Because of this stoppage, the crowd got hooked on more panic, and the market began to fall more intensely.
The crisis of 2008. The causes were, as always, the blowing of the market bubble, when the stocks of the companies were very overvalued, as well as the overheating of the economy on the background of the uncontrolled growth process of the mortgage lending to the population.
The crisis of March 2020 is due to covid constraints as a consequence of the panic and shutdown of production.
The crisis of 2022, most likely in the future, will be combined into one with the crisis of 2020, as in principle one arises from the other, plus an uncontrolled stampede of currency to strengthen the economy, as well as a large-scale war in the center of Europe.
I think this is not the end, and the decline of the entire world economy will continue.
Translated with www.DeepL.com (free version)
What's with the VIX? 13th December 2022🖼 Daily Technical Picture 📈
➤ Today we saw the unusual situation where the VIX jumped significantly higher and the S&P500 equity index also rose higher. Normally, these two indices move opposite to each other i.e. higher level of volatility (often due to fear) leads to lower equity prices and vice versa.
➤ Astute watchers would have seen this occurrence a few times in the past. The last time I recall something like this happening was during August 2020. For five trading days, S&P500 moved exponentially higher whilst VIX jumped from 20 to above 30. S&P500 then reversed quickly and wiped out all the gains within a couple of days.
➤ I'm not expecting the above outcome with imminent Inflation data on 13th Dec and the Fed interest rate decision on 14th Dec. The relationship with the VIX and S&P500 should snap back very quickly. Perhaps what is happening is that there are big bets by both Bulls and Bears, bidding up the price of volatility. What may happen is a complete fizzle in equity prices with a lack of movement.
➤ I currently hold a -8% short exposure. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction.
➤ Conclusion: Perhaps people's expectations are getting ahead of themselves.
DJI Daily Bearish EW TargetsHere we are mapping the next impulse down.
We did some calculations but we will let the chart drawings do the talking.
Thanks for watching.
Namaste.
Bitcoin's Volume Profile | Weekly & Monthly TimeframesLooking at the bitcoin's volume profile on Binance, we can see the biggest weekly red/bear volume bar ever printed early November.
Chart | BTCUSDT Weekly
This volume came in as bitcoin broke below support and hit a multi-year low.
Let's move to bitcoin's (BTCUSD) monthly timeframe
In September 2022 bitcoin printed its highest bearish volume month ever but remained trading above Fib. support.
In November we have another strong bearish month but this time the 0.786 Fib. retracement support level was broken, a very important level.
The monthly candle closed below it.
Now Bitcoin is trading below this level and aiming lower, one final drop, just as we saw with the SPX, DJI and NDX (See "Related Ideas" below).
Bitcoin Corrects Over 84% From Major Bullish Waves
We have mainly two scenarios, we expect the bottom to be in/confirmed before the traditional financial markets and also before April 2023.
Scenario #1 (red arrow): Straight down. No relief rally. The worst possible scenario and depression/job application washing cars for us.
Scenario #2 (green arrow): Price bounce followed by a very strong flash crash that sets the bottom and the slow paced recovery starts to take place followed by sustained long-term growth.
Read the articles below for a broader market perspective:
💾 S&P 500 Index (Bring In The Bad News, We Are Ready)
💾 Dow Jones Industrial Average Index Analysis (Lower High = Short)
💾 Nasdaq 100 Index | Strong Crash Ahead (Prepare!)
💾 Volatility S&P 500 Index (VIX) | Goes GREEN/Bullish!
Namaste.
DJ30 - Bias remains bearishDJ30 - Intraday - We look to Sell at 33735 (stop at 33885)
The 261.8% Fibonacci extension is located at 34398 from 28612 to 30822. The medium-term bias remains bearish. Bespoke resistance is located at 33735. Rallies continue to attract sellers.
Our profit targets will be 33400 and 32700
Resistance: 33735 / 34000 / 34400
Support: 33400 / 32697 / 32600
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
DJI Potential for Bullish Continuation Looking at the H4 chart, my overall bias for DJI is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a possible buy entry at 33240.22, where the 23.6% Fibonacci line is. Stop loss will be at 32485.23, where the 38.2% Fibonacci line is. Take profit will be at 35411.35, where the 78.6% Fibonacci line and previous high is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Volatility S&P 500 Index (VIX) | Goes GREEN/Bullish!It is no secret, when the major indexes move down, the VIX goes up.
We can see the inverse correlation quite easily as the VIX had a major bearish wave, from Sept. to Nov., just as the DJI and SPX moved up.
Now the VIX bottomed late November and this week closed above MA200 and EMA300.
The first green week in multiple months.
Ok, let's predict the future.
The VIX will move first to 27.90, easily.
It can go higher and hit 30 and also higher... 33. Midterm (1-3 months).
Long-term (3-6 months or longer) ... Above 43 and even 58.
Ok! Let's just wait, nobody can predict the future... And these are just codes... You are looking at squares and lines on a screen... Really?
We will see!
Thank you for reading.
Namaste.
Nasdaq 100 Index | Strong Crash Ahead (Prepare!)All of the three major indexes, SPX, DJI and NDX (Nasdaq 100), the NDX looks the worst.
It seems that the technology sector will be the one that will suffer the most.
There is no upward correction when you compare the NDX to the DJI and even the SPX.
Here we see very little recovery in Oct. - Nov.
This is very bad news.
The stocks are going to suffer strong.
The big ones... Well, according to this chart.
The NDX closed weekly below EMA10 and a major downtrend is easy to spot and has been going since November last year. This one peaked together with Cryptocurrency.
We can see that the SPX peaked two months after Cryptocurrency/Bitcoin.
Think about it... Bitcoin can bottom two months before the SPX.
Ok, Nasdaq 100.
The main support we are looking at short-term is ~10,500.
It can easily go below 9000 based on the current weakness.
It seems TradFi will bottom in 2023.
After the bottom, we go up.
If you want the full analysis, long-term targets... Visit my May 24, 2022 article.
14 Trade Ideas Predicting The NDX Crash | Where Is The Bottom?
I love you for your continued support.
Thank you my friend.
Namaste.
