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D-DJI

Russel 2000 WeakLet's take a look at the Russel 2000. This index seems to be the only one between the Dow, Nasdaq, and S&P that is failing to break to new ATH while they are. What we're seeing is a triple top/triple resistance in Aug 2022, than again February 2023, and again August 2023 which was confirmed with a break down to the lows of October 2023 before more manipulation came into play. Some will say inflation is declining and talks of rate cuts seems to be the reason markets rose, but from what we are hearing today from the Fed is that rate cuts aren't likely as they continue to backtrack and downplay rate cuts. Perhaps, they know something before we do... perhaps double peak inflation like the 1970s? Just as everyone believes its declining, surprising new data comes out that proves otherwise? Let's see. Once again we see the Russel 2K failed more recently to break and hold above 2020 with constant rejections. This would be the 4th rejection and we could be on the 5th rejection. And why not? Banks once again are starting to shake, with JPMorgan losing deposits, NY Community Bank failing, banks invested in CRE are tanking and this before the big ending to their Bank Term Funding Programme (BTFP) officially ending. Look at the chart for it, it spiked in March 2023 with the failure of SVB, and it is spiking once again Jan and Feb of 2024. Something coming down the pipelines? I shudder when I see markets breaking ATH, because it has ALWAYS meant markets are more vulnerable to bad news (be it financial, economical, or geopolitical). What we're witnessing is a market that is getting fundamentally weaker and weaker. The economy does not support equities hitting ATH, as earnings are revised lower, personal debt is $17 TRILLION dollars (an ATH) and personal savings are at an all time low. This is not including the decaying jobs market, retail, national debt, manufacturing, consumer sentiment and so on. The floor is a 1 centimeter sheet of ice and it's warming up. This bubble is poised to pop any moment now. My advice Obviously, be vigilant. If you are holding positions from a lower price point and you are making profit, I say hold until whatever event happens and breaks the glass floor. If you are new money looking to invest, I can not suggest investing now at the top with such toxic economy and financials. Do your own research, look at the economic data and see if any of it or at least majority of it gives you peace about investing. People are broke, debt is exploding so retail will inevitably collapse and since we're a retail based economy, you can imagine what comes next. Targets for Russel 2K - IWM 1) 1915, if we break that then 2) 1730, if we break that then 3) 1680, if we break that then 4) 1630, if we break that then run for the hills.
CME_MINI:RTY1!Short
by WorldEconomics
1
"SPY Peaks: Signs Point to Market Reaching Pinnacle"SPY ETF Approaching Critical Resistance Amid Bearish Signals The SPDR S&P 500 ETF Trust (SPY) has been a focal point for investors seeking exposure to the broader equity market. However, recent indicators suggest a potential shift in sentiment as the ETF nears significant resistance levels, hinting at a looming bearish turn. As of late, SPY has been on a notable uptrend, consistently climbing towards one-year high resistance levels. This trajectory has garnered attention from investors eyeing the possibility of continued gains. Yet, caution flags are waving as the ETF approaches the $500 to $520 range, projected to materialize by March or April of 2024. Market analysts and technicians are closely monitoring this critical juncture, as historical data indicates a propensity for price rejection and subsequent correction around such resistance zones. While past performance is not indicative of future results, the confluence of technical factors underscores the significance of this price range. One factor contributing to the bearish sentiment is the overextension of the current rally. With the market experiencing an extended period of growth, there is growing concern about unsustainable valuations and the potential for a market pullback. Additionally, macroeconomic uncertainties, including inflationary pressures and geopolitical tensions, further amplify the apprehension among investors. Moreover, sentiment indicators such as the fear and greed index are signaling heightened investor optimism, often considered a contrarian indicator suggesting potential market reversals. As greed eclipses fear, complacency may set in, leaving the market vulnerable to downside risks. Investor psychology plays a crucial role in market dynamics, particularly during pivotal moments such as approaching resistance levels. The psychological barrier of reaching a milestone price range can trigger profit-taking among investors, leading to selling pressure and downward price momentum. Institutional investors, who often have the firepower to influence market movements, may also opt to rebalance their portfolios in anticipation of market headwinds. As such, increased selling activity from institutional players could exacerbate the downward pressure on SPY and the broader market indices. While the outlook remains uncertain, prudent investors are advised to exercise caution and closely monitor developments in the coming weeks. Key technical levels and market indicators will offer valuable insights into the potential direction of SPY and the broader market. In conclusion, as the SPY ETF approaches critical resistance levels amidst bearish signals, investors brace for a possible shift in market sentiment. With the $500 to $520 range looming ahead, caution is warranted as historical precedents and technical indicators point to the potential for a corrective phase. Vigilance and adaptability will be essential for navigating the evolving market landscape in the months ahead.
SShort
by UnknownUnicorn2319099
1
DOW JONES at the top of the 18month Channel Up. Medium-term SellDow Jones has been trading within a 18-month Channel Up pattern since the October 13 2022 global market bottom. The current price action is approaching its top (Higher Highs trend-line) for the first time in more than 1 year (since December 13 2022). With the 1D RSI on Lower Highs, which is a Bearish Divergence against the Higher Highs of the price action, the current levels are a strong candidate for a medium-term pull-back. Even though we are past the transition year of 2023, which got the index out of the 2022 Bear Cycle and into the new Bull Cycle, thus we do not necessarily need a strong correction like those of August - October 2023 and December 2022 - March 2023, a smaller technical pull-back would be natural to normalize the overbought technical indicators and extend the long-term bullish trend. As a result, we are targeting at least 37120, which is Support 1 and just above the 0.618 Fibonacci Channel level, the first target of the December 19 2022 pull-back and a typical % correction similar to August 24 and May 25 2023. Not that the 1D RSI was under a Lower Highs trend-line both during the August 2023 and December 2022 corrections. Interestingly enough, both corrected by -9.20%, so technically we can see a correction as low as the 1D MA200 (orange trend-line) and the 0.236 Fibonacci Channel level at 35000 (even though it is less likely unless very negative fundamentals hit the market). Also it is worth pointing out that there is a technical maximum extension above the Channel Up, which is the red Triangle, in case the current Bullish Leg of the pattern goes for a +21% rise, like the December 01 2022 did. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Short
by TradingShot
4
Hellena | DJI (4H): Long to 100% Fibo 38516.Dear colleagues, the waves continue their development. After the correction a b c, wave 1 in the upward movement is completed. At the moment I suppose that the price will either update the maximum of wave 1, or make a correction to the area of 50% Fibonacci level in the area of 37500 (wave 2), then I expect the price in the area of 100% Fibonacci extension level 38516. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
TVC:DJILong
by Hellena_Trade
2
BTC - This is Why I Am Now Shorting Bitcoin...In this video, I delve into the considerations that led me to take a short position on Bitcoin at these specific levels. I want to clarify that I'm not advocating for others to follow suit in shorting Bitcoin; rather, I'm elucidating the rationale behind my decision. The video also touches upon the influence of the Dow Jones and Solana on this decision, and I present a slightly less optimistic perspective on BNB. While the medium-term outlook still anticipates all-time highs, the short-term signals suggest a potential impediment to the crypto market's performance due to a looming recession. Despite this, I posit that ongoing stimulus measures during such economic events act as catalysts for the subsequent upward movement. It seems imprudent to adopt a bullish stance before a correction has run its course, underscoring the fundamental principle behind the formation of AriasWave.
Short
by AriasWave
2
🅱️ Bitcoin Is The Dow Jones In 1968 | Elliot Wave TheoryBack in 1968 the two major proponents of the Elliot Wave theory concept where divided as to the wave count of the DJIA. While AJ Frost would consider the 1966 peak as Wave B of an irregular top in a flat correction, Hamilton Bolton was looking at it as the 5th wave of a bullish impulse. One thing is certain, while they disagreed on the count they both agreed that what should follow was a new bull-market regardless of the count and they were right. We ended up with a triple zig-zag followed by a new bull-market: We have the same situation today with Bitcoin, people are divided between the third and fifth waves. One interpretation calls for the top to be April 2021 with the low in November 2022 being Wave C of a flat and Wave 4 of the impulse in a higher degree: While some others are calling for new lows taking the November 2021 irregular top as Wave 5 of the bigger impulse: Well, there is actually a big difference with the Dow Jones forecasters from the past. While they had a different count as to the irregular top, both agreed that what would be now equivalent to the November 2022 low in Bitcoin was the bottom in the Dow Jones before a new major leg up or bull market, our Cryptocurrency analysts, some, are still divided between new lows and a new bull-market. Now, let me offer you my count, it is pretty simple. The 2017 peak is definitely the end of a major 5-up wave, no doubt about that, we can easily draw a 5-up wave pattern with multiple extensions. What follows is a correction, you can draw it in any way you like and here we have an A-B-C or Zig-Zag from Dec. '17 to Dec. '18. The next wave can be either an inverted Zig-Zag or another 5-up wave, makes no difference, from Dec. '18 through June '19. This is followed by another correction ending in March 2020 and here a new 5-up wave pattern starts. From March 2020 through April 2021 we have another impulse and April 2021 marks the orthodox end of this bull market. What follows is a correction, classic EW theory and you can see it on this chart. If you want to be conservative or lets just say not bullish, you can say that another correction can follow after the Nov. 2022 low, this is possible and you can draw an upward Zig-Zag or whatever you like, we can only really confirm the wave count in retrospect. But, if you consider go past market action and the way Elliot Wave theory works, we are set for a new 5 waves up impulse. Which is really just the fifth wave of a higher degree since the correction from April 2021 through November 2022 is only Wave 4, which tends to be complex, hard to read and long. We have all these characteristics here... Bitcoin is going bullish... Can any Elliotter confirm/comment if I am right or wrong? Namaste.
INDEX:BTCUSDLong
by AlanSantana
121
DOW JONES Why you don't want to miss this rally.Dow Jones (DJI) is pulling back on a technical correction as the 1W RSI got overbought (above the 70.00 mark) on the December 26 1W candle. That was basically the first time since June 01 2021 it got overbought and that time also gave a technical pull-back. What draws our attention more than that time though is the December 19 2016 pull-back when the 1W RSI was again overbought. The difference here is that the price action and patterns that preceded that pull-back/ consolidation are very similar. A Lower Lows bottom on the 1W MA200 (orange trend-line) that took place on a 1W RSI Higher Lows Bullish Divergence, gave way to a break and sustainable rise above the 1W MA50 (blue trend-line). Following the current pull-back/ consolidation we are at, a very strong Channel Up took place. As a result, even though the sentiment is bearish on the short-term, possibly until the January 31 Fed Meeting, it is clear that the long-term trend is bullish. Every such correction has high probabilities from now on to be a buy opportunity. The target can be as high as 43000 within 2024. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Editors' picks
TVC:DJILong
by TradingShot
49
DOW JONES: Top is being formed, 1D RSI Bearish Divergence.Dow Jones has been trading sideways since the December 28th 2023 High, having tested that Resistance after another three times. Naturally the 4H timeframe is neutral and the 1D technical outlook is about to as well (RSI = 56.255, MACD = 185.180, ADX = 33.836). The 1D RSI in particular is under a LH trendline, which is of the same shape as August 1st 2023, May 1st 2023 and December 13th 2022, all major market tops of the past 13 months. This is a strong technical Bearish Divergence and consequently we expect a pullback to at least the 1D MA50. Based on those past peaks and corrections though, we should be expecting at least a 0.382 Fibonacci pullback, thus our target is near the S2 level (TP = 36,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Short
by InvestingScope
1
$DJI Looks okay but $SPX showing more strength, $VIX weak#CPI data is out and it came out a lil higher than expected TVC:DJI broke out of the small downtrend officially yesterday However, volume was weak, likely because of CPI data today Keep an eye on RSI & $ Flow for guidance in direction. Want to see break above for RSI. Holding 36kish is a good sign for AMEX:DIA --------------------------------- Not much on NASDAQ:NDX so focus on SP:SPX it is. RSI shows this to could be picking up steam soon. Looks interesting. However, the $ FLOW could be better. TVC:VIX is weakening. While it roared louder than last time it's already whimpering and cowering. Being weak can be more fuel to the bull case we mentioned a few times. Bumps here & there but #stocks looks to be higher. Tons more data, for more info, see out profile
DJ:DJI
by ROYAL_OAK_INC
$DJI still rangebound, $VIX weakening again, Yields mixedGood morning update. The TVC:DJI is still within the range. Logical as investors are awaiting CPI on Thursday. This will guide on cuts to #InterestRates. The SP:SPX showing some strength & currently in small trend higher. But the CLOSING is VERY IMPORTANT. Day range is nice but always respect the closing. TVC:VIX is weakening again. TVC:RUT is still in a rut 😆 There's a lot of mixed data! --------- #Yields 2yr & less are looking weak & trading under all short term avg's. Longer term are looking better, normalization of curve? Weekly shows huge selloff but RSI is stabilizing. US #Dollar looking to take its current downtrend out. TVC:DXY That's it for now, ENJOY your day!!!
DJ:DJI
by ROYAL_OAK_INC
U.S Equity Index’s Overview – A Repeating PatternU.S Equity Index’s Overview – A Repeating Pattern The Bull Thesis – Ascending Triangles The 200 day (blue line on each chart) is squeezing price up towards each red resistance line making each chart look like an ascending triangle (evident on every chart). With the 200 day as underside support for price and the 200 day sloping upwards, things remain positive. The Bear Caution – Throw overs, Transportation Lag and the Hidden Wedge We need to be aware and cautious of a throw over top on each chart which is always a possibility. Price on each chart would need to fall back below the red support line (pricing having only been thrown over the red line to come back down again). The DJ:DJT – Transportation (Chart 1) is lagging behind all the other charts and has not taken out its Nov 2021 or Jul 2023 highs. This relative weakness in Transportation is worrying as this index offers an early indication of potentially less manufacturing and goods being transported, with this chart lagging and failing to take out its highs, it could be an early indication of a more pronounced slowdown in the economy. This chart we need to keep a very close eye on. If DJT fails to rise above its red line and loses the 200 Day, this could be a very bad signal. We also need to be aware of how one important chart is showing a rising wedge pattern (Chart 3 – Major Market Index TVC:XMI ). This old school chart is watched by the OG traders and investors as a more general market chart. Lets keep an eye on the upper diagonal on the rising wedge for resistance on this one. A rejection here could be something of an early warning sign and obviously losing the red support line would confirm this. Charts 4 - 6 4. S&P 500 SP:SPX 5. NASDAQ NASDAQ:NDX & 6. US Small Cap 3000 TVC:RUA All these charts appear to be about to break into all time highs, however they are slightly lagging the Dow Jones Industrials TVC:DJI and the Major Market Index TVC:XMI which have broken all time highs. In the Charts 4 - 6 break out above their red lines (above recent all time highs), this could be another confirmation signal of bullish momentum. Obviously a rejection at this level does not bode well. SUMMARY In this hard to navigate market environment we need to pay attention to DJT (Chart 1) and XMI (Chart3) as they provide clear boundaries that we can watch for hidden bear signal warnings. On the contrary, in the even these charts and charts 4 - 6 breach their respective resistance levels mentioned above we can be assured that the wind is at out back in this currently confusingly bullish market. If you like this overview please let me know and I will complete similar overviews for other markets and indices. Thanks for reading PUKA
TVC:XMI
by PukaCharts
DOW JONES Correction has started. Where can it stop?Dow Jones (DJI) started a strong decline since our December 29 2023 sell call (see chart below), the strongest since the remarkable rally started on the October 29 bottom: On today's analysis, we want to look into the same market dynamics and the pattern we drew 10 days ago but this time on the 1D time-frame. What stands out the most is that this time on the January 02 2024 High, the RSI peak that was made a few days back on December 19 2023 (hence the Bearish Divergence) was a (much) Higher High that the previous two (red arrows down) on the Higher Highs trend-line (July 26 2023 and April 13 2023), that was made on the vastly overbought level of 87.50 (highest since January 11 2018). Our short-term target remains 36750, which represents the 0.618 Fibonacci retracement level from the Jan 02 High. The other feature on this 1D chart that stands out is the 38.50 1D RSI Support, which provided rebounds on May 25 2023 (long-term) and August 24 2023 (short-term). That RSI Support reveals where our first buy attempt should be. Price-wise that could be as low was the 0.5 Fibonacci retracement level (35100) of the October 27 Low. By the time it potentially makes contact with it, the 1D MA200 (orange trend-line) could be there as well. A medium-term candidate is also a -4.50% range from the Jan 02 High, which would give us 36150 and is where the 1D MA50 (blue trend-line) is headed right now. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Short
by TradingShot
1
$DJI now in short term downtrend, NDX, SPX & RUT already wereLooks like the TVC:DJI is in a short term downtrend. NASDAQ:NDX SP:SPX & TVC:RUT all are in short term down trends which begin couple days or so ago. TVC:VIX is at higher end of the recent pattern and it keeps poking it. *(TOOK THIS FROM ANOTHER POST Remember, the more something is poked the weaker it becomes Picture paper holding a marble Poke with a needle Poke enough & that marble falls Same works to the upside)* The TVC:TNX or10 yr #yield looks to be setting up decently on the 4hr intraday. #stocks
DJ:DJI
by ROYAL_OAK_INC