D-DJI
DJI Potential For Bullish ContinuationThe overall bias for DJI is bullish on the H4 chart. Additionally, the price is above the Ichimoku cloud , demonstrating a bullish market. Price has tapped into my buy stop entry at swing high 34106. 01 for this trade. At the previous swing low of 33063.05, where my relative safe stop loss is located. Take profit will be at 35492.22, where the previous swing 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.
Dow Jones Industrial Average Index Concern!Today you can review the technical analysis idea on a 1M linear scale chart for the Dow Jones Industrial Average Index (DJI).
In the chart, I added in the RSI as well as review the Great Recession history to get an idea of where the DJI is headed. It seems that the DJI has been moving up an ARC with a possibility to come down and touch it again. It is currently inside a descending channel. If DJI price falls as much as it did during the Great Recession, it could come down to the $18K level where there is strong support. The RSI could support that type of drop as it is no where near the oversold region.
This is presented on the monthly chart so please have patience.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #millionaireeconomics
Market Update 11/30/22 Timestamps BelowReal support for Vix is below at 19.8 and 19.4 with the strong trend line at 17.6. Though Powell did have bullish comments today, the price movement of the VIX supported the likelihood of a market move upwards more so than a market move down.
Time Stamps:
VIX 0:00
APPL 11:00
NASDAQ 14:39
DXY 15:40
BTC 16:50
SPY & DJI 18:22
$DJI reversal & ripping after Fed speechAfter #Fed Speak
Tiny $VIX gap filled
$SPX pumping, heading towards small gap
4Hr $DJI bouncing off GREEN = 20 EMA
Exponential Moving Avg
RSI looks okau
#DJIA Breaking small down trend
Volume still kind of light FOR THE DAY but currently typical at start & end of day
#stocks
$DJI expected small selloff - Likely trade sideways till EOYOkie-Dokie
FOR END OF DAY
4HR:
👀on RSI breaking 50
#DJIA trading above or sub GREEN Mov Avg
Daily:
$DJI trading above or sub light blue line
A selloff to GAP will suffice
Setting up for another bump
Likely trade sideways rest of year
#stocks $DIA $NDX $QQQ $SPX $SPY $VIX
DJI Potential For Bullish ContinuationThe overall bias for DJI is bullish on the H4 chart. Additionally, the price is above the Ichimoku cloud , demonstrating a bullish market. Looking for a buy stop entry at swing high 34106. 01 for this trade. At the previous swing low of 33063.05, where my relative safe stop loss is located. Take profit will be at 35492.22, where the previous swing 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.
Month DJI Data - DEC likely trade sideways > BONUSESThis is series of charts but can only show 1
1/2
ALWAYS👀@ volume
$DJI Late Apr/May heavy DOWN
Early OCT noticed shift
TURNED FULL BULL, DOCUMENTED
Recently, lower volume but NO heavy SELL
WHY?
BONUSES - #stocks likely to trade sideways till 2023 =
Lil down - lil up
$VIX $SDOW $UDOW $SPX $NDX $QQQ
2/2
$DJI hourly shows nice trend
4Hr shows weakness signs
$DIA ran a lot, expected
LARGEST RUNS tend 2b in BEAR MARKETS, FACT
-
Our position
SMALL short, down tiny amount
Some longs
Nice amount of $
Tons Treasuries few months @ 4.6%
Raised #crypto $ bit, nice run over weekend
#stocks
S&P 500 Price Action & Economic Data An overview of the market technical analysis from the major indices on the first day of the week prior to major economic data, the NFP. What will impact the market movement this week? We will be looking closely at the commodity market, bond yields, US Dollar and the Gold markets. We also touch on AMD stocks as our watchlist for this week.
BTC VS DJI - Log Fractal Fib RetraceLooking at the 1M BTC Chart Over the DJI Index I cannot help but notice a 2018 type similar fractal fib retracement pattern. With the current market conditions could lead to a possible retracement on the DJI Index to the 18k-21k $ region, in that scenario we can expect BTC to retrace to the 7k-10k $ levels. Described a possible playout with plenty bull traps and bear traps. One of the first signs to confirm this theory would be a test and rejection in the 27k-29k $ area. Will keep a watch on how this plays out.
ROARING 20's. WHY ANOTHER BULL MARKET is upon us.Market shocks and drawdowns are designed to shake you out.
Charts are pointing to continual asset inflation this decade.
#DOWJONES to $64,000 was a general target I had in mind a few years ago.
NOW we have confirmation this could indeed play out over the coming 5-7 years
#FTSE100 to break 10,000 and indeed we have a target of over 12,000
#DAX to $25,000
again seemingly absurd numbers
but not so absurd in a historical context.
Bitcoin | SPX, DJI, Altcoins, Flash Crash, The Merge-ETH & MoreWho dares to make a prediction at such a juncture?
Anything goes...
After this type of action, a new low compared to June but with lower volume... We normally tend to see a test of the "counter trendline", this is as common as it can get.
We also have MA200 dropping fast and once this one drops the candles tend to move in the contrary direction and meet up half way.
We also have the feds easing a little bit, any good news the market can use as an excuse for a much needed relief.
We see many Altcoins that did not hit new lows instead hit new highs, signaling that not all is lost.
The SPX is sitting above 4000.
Its bear market is not over but already in the relief phase with a few more weeks to go.
The DJI broke the August high... We see some positive signals around...
What about Bitcoin, where will it go?
We are looking for a jump now but we have no volume, no positive signals... So many a flash crash and then up?
Ethereum, the merge, is already trading above EMA10 but weak nontheless...
I say up... What about you?
Let me know in the comments below.
Namaste.