The Dow Jones Industrial Average has shifted into negative territory, experiencing a notable downturn following a double top formation around the $40,000 mark on April 1st. As of the time of writing, the price has descended to $39,179, exhibiting a reaction near the neckline of the price pattern. This development prompts a strategic approach based on Fibonacci...
Goodluck
Nasdaq 100 Stocks above 200 MA. Probably this is the slowest downfall ever since the 2008 Crash. We are right now at 2011, 2016, 2018 and 2020 levels
Symbol: DJCFD:DJA Indicators Lag RSI My Opinion: Recovering Comments: Dow Jones slid hard but the overall market looks like it was able to shake it off quite well... The Dow Jones could easily lead the market on the downside if it's not able to pick up pace.
Invalidation : Daily close above the cloud .
Bulls vs Bears had a showdown reminiscent of old western gunslingers. It appears the bulls got their shot off first but, sadly missed their target. Bears will declare victory due to their push in the last hour, but I'm going to call it a stalemate. Tomorrow is another day and I sense a clear winner will arise...
Market will crash or have a strong correction soon, watch the new please...
Dow dropping to 9,000 due to curve Stock market could enter in falling trades and become unstable for months to come.
Let's face it, the more people making a certain call in any given market, the less likely it is to occur. While the world is crying for an eminent recession, a stock market crash, and an explosion in the price precious metals, contrarians are searching for the max pain scenario. For 2020, I see a sideways movement in dollar strength, a coming increase in treasury...
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
Shorting DJA in hope pf getting a reward ratio of 5.