Earlier back in May 16th, 2019. I made an analyse of dow jones. The analyse was, during that time the price was around in the 25758 (Recorded with picture on another app in different language), and the last resistance seem to be roughly around 27150 for short position and making a short position anywhere near 26580. Aiming to go for 25570 as the first aim, and...
Price near all time highs, 3rd retest of supply zone
Recently I published that bonds were going up, which could indicate a possible crash in Stocks. Here is the Bond Long trade I posted: If you are in PUTS for SPY/ DIA, i would recommend hold for longer. Enjoy the profits. -Shaggad
DowJones is strongly bullish and is now focusing on the area where the absolute maximum recorded in 2018 is found. With the break of resistance it is rising to around 26600 points. The price should not face obstacles, is now reaching again 26900 points. It will going to try to record new historical highs. In fact, fundamentally, the FED's stalled monetary policy...
As shown in the chart.
All of them break the key short-term resistance. After having passed that period of weakness characterized by bearish sessions, as we expected after Powell's conference. The three downtrends, which were due to start on March 20th post-FED, did not reach the respective support areas where we had hypothesized the target zones. As regards SP500, when price was at...
I see a lot of energy in this market. Price action has once again pierced a long term resistance level that originates at the 1987 high and takes in the 2000 high (thick red line). Technicals on the monthly still have to fully unwind. I will wait to see whether the DJI makes a higher low in the next cycle bottom or whether it breaks down lower. If it makes a...
The price is going towards an important resistance area: between 24700 (EMA 200 periods on daily tf) and 24900 points (highest price of the last 4 months) there are resistances that in case they should reject the attempt to break on the upside, they will start again a sales phase similar to that of December. So far, the price is destined to test that area, but,...
it was difficult to foresee a possible forex reaction on world cup result, unless the winner were the sole user of its currency (case of brazilian real), but regarding the stock market, the french CAC40 having no positive reaction at all to this means only one thing: big players exactly know where it is going to go and have already loaded their bazookas. in one...
Weakly chart showing broken of ascending trend line, closing under the trend line is a bad signal..
Was I right or wrong? let's see
DAX GER30 backtesting bearish trendline - still SHORT
The Dow reached as low as 17905 earlier in the day, but has since recovered somewhat to 18150. Technically: The Dow is due for a large correction to the downside. There is strong divergence on the monthly chart towards 18500. The target would be the missed monthly pivot at 16300. Fundamentally: US stocks are due for a correction to the downside, because the...