DJI Potential for Bullish Momentum | 1st November 2022On the H4 chart, the overall bias for DJI is bullish . Looking for a pullback buy entry at 30816.78, where the 50% and 38.2% Fibonacci lines are located. We are looking to take profit at 34293.93 where the 100% Fibonacci line and previous high is located. We have a pretty safe stop loss set at 29576.21 where it is slightly below where the 78.6% Fibonacci line and previous low is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJI
DJI Potential for Bullish Momentum | 31st October 2022On the H4 chart, the overall bias for DJI is bullish . With price tapping onto our buy entry at 31969.69, where the 50% and 61.8% Fibonacci lines are located. We are looking to take profit at 34293.93 where the 100% Fibonacci line and previous high is located. We have a pretty safe stop loss set at 30081.25 where it is slightly below where the 61.8% Fibonacci line is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
US30 31st OCTOBER 2022Concerns about recession resurfaced among investors as the Fed continued to follow a hawkish path lined with interest rate hikes.
This led some companies in the US to change their earnings projections again, with several companies and analysts revising their outlook downward for the coming quarter.
The market also expects the Fed to raise its benchmark interest rate again at its November meeting.
According to FedWatch, 96.7% of market participants project that the Fed will raise its benchmark interest rate by 75 bp and bring the Fed funds rate to a range of 3.75%-4%.
Wall Street still tends to weaken despite the positive sentiment from the release of the financial performance of issuers in the US.
DJI Potential For Bullish ContinuationOn the H4 chart, the overall bias for DJI is bullish. To add confluence to this, price is above the Ichimoku cloud which indicates a bullish market. Looking for a pullback buy entry at 31187.32 where the 38.2% and 61.8% Fibonacci lines are located. To add confluence to that area, there is a market gap that looks good to be filled. Stop loss will be set at 29891.21, slightly below where the 61.8% and 23.6% Fibonacci lines are located. Take profit will be at 34116.75, where the 100% Fibonacci line and previous 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.
DJI Potential for Bullish Momentum | 31st October 2022On the H4 chart, the overall bias for DJI is bullish. With price tapping onto our buy entry at 31969.69, where the 50% and 61.8% Fibonacci lines are located. We are looking to take profit at 34293.93 where the 100% Fibonacci line and previous high is located. We have a pretty safe stop loss set at 30081.25 where it is slightly below where the 61.8% Fibonacci line is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Dow Jones Breaks Out!The Dow Jones is leading the way for the three US indices by being the first to
recently break and close above the daily 200 simple moving average.
There was a previous break and close above the 200 simple moving average back
in August this year but this proved to be a fake breakout. Only to see price decline by 16%.
This recent move up has been more impulsive than the previous move. The buyers look more
in control, but we need further confirmation before we begin to take long positions again.
We ideally want to see a pattern of higher highs, and higher lows, as this will indicate
a change in behaviour for this asset.
If the S&P and the Nasdaq follow suit and show signs of bullishness, this will further
confirm strength in the market, and a long-term bullish trend will likely unfold.
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See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Is the Blow-Off Top Beginning?My apologies for forgetting to start my TradingView stream guys. I'll get my act together and promise to catch you in the next video.
Inverted yields and odd weeksThis chart shows the periods with inverted 10y2y yields. Usually inversion doesn't lead to recession, like 2008. However the similarities with 2000 are striking. 3 Years ago we had a brief yield inversion, like in 1998. Then a second inversion occurred, bringing prices down with it. The same happens now. Half of the bubble burst occurred with yields inverted. Therefore it isn't necessary for yields to normalize for us to drop. We are in a bubble and it probably has burst.
And a less interesting part of the idea follows:
Yesterday some uninteresting-number-of-weeks candles closed. It was fun checking out where we are and how RSI reacts.
This has nothing to do with trading. I just love charts. I didn't bother with 1W chart because I consider it common.
In the following charts SPX is analyzed. I could post them in a new idea but got bored...
2W - we couldn't escape the ribbon, and RSI is flirting with its EMA. It is a tad lower than 50.
3W - RSI below its EMA and below 50.
4W - A bull trap on the price appears. But we are above the ribbon (for now?). RSI just barely above 50.
6W - A bullish engulfing or something? And then an inverted hammer appears.
Even though stochastic RSI reached the bottom, this doesn't mean that there is enough buildup to push RSI upwards. It takes two to dance/grow. Also EMA of RSI is helpful to me. RSI passing it provides me with an early signal of trend change.
9W - In this chart, the similarities to 2008 end. It resembles the .com bubble burst. It resembles the region just before the October 1998 rally. This one is less grim to the charts before. The candle however is a little mixed.
12W - Kinda bullish? I dunno... RSI made a higher low
18W - 2014-2022 stochastic RSI shows clear divergence. Stochastic producing lower highs, and with this candle it is confirmed.
36W - RSI and it's stochastic show a close similarity to September of 2000, the .com bubble burst.
Finally, I will add this DJI chart showing us where we are in history.
Let the drop commence I guess?
Risk for Stocks increasing again $VIX $DJI
$VIX in middle of range, normal for now
RSI RARELY oversold
Maybe 1x per year & we're @ lower end
$DJI Comparison to last peak
In overbought territory
"2.5% upside" - ??? downside
Reducing longs
Our LARGEST position $TWTR = cash now
As we go higher raising more cash again
DJI US30 Technical AnalysisImpulse moves downside
-5x impulse waves to the downside
-Average move impulse move to the downside
is 12.5%
Correction moves upside
-4x completed moves
-Average move is 11.5%
Price has currently moved 13% since the bottom
of the year. We can use this information to time
when the next move will happen with what
I mentioned above + confirmation and multiple timeframe analysis.
With price sitting inside this new area of daily / weekly supply I like looking for shorts once price shows sellers confirmation on the smaller timeframes. I need to see an upward trend - lines being broken, opposing HH/HL zones being removed.
Let me know what you think.
DJI Potential For Bearish ContinuationOn H4, with the price tapping onto our sell entry at 32144.40 where the 61.8% and 50% Fibonacci lines are. We are looking to take profit at 29640.37, where the 100% Fibonacci line and previous swing low is. Stop loss will be set at 33364.70, slightly above where the 78.6% Fibonacci line 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.
DJI Potential for Bearish Momentum | 28th October 2022On the H4 chart, the overall bias for DJI is bearish . With price tapping onto our sell entry at 31896.61, where the 50% and 61.8% Fibonacci lines are located. We are looking to take profit at 29653.29 where the 0% Fibonacci line and previous low is located. We have a pretty safe stop loss set at 34519.93 where it is slightly above where the 100% Fibonacci line and previous highs are located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
1969, 53 years laterIt is like 1969, only exactly the same. (A quote Ashens would say)
Sticky inflation begins
Gold stagnating
Cheap oil, and then not that cheap
Space exploration
And the following years after 1969, look what happened to:
Inflation: Remained for 10 years
Gold: After a disappointing drop in 1969-1970, it exploded 19x until 1979.
Oil: Increased 10x until 1980
Space: We went on the moon several times, and then we lost the technology.
PS. There may be more similarities I am not aware of.
So what will happen now?
Exactly the same, all over again.
-- Stubborn inflation
-- Gold exploding (not bitcoin, they will ban this stuff and go all-out in CBDC. CBDC is like CBD only nothing like it. It is the dream of governments. They certainly encourage both of them. I don't post an opinion on CBD, I am just posting a joke.)
-- In a couple of years, we will see today's oil prices and actually want them. Now we obviously don't want them, it is like we are on sales and we just don't know it, yet...
-- We have apparently "landed" on a meteorite which is like exactly the same as in 1969 when we apparently landed on the moon. They like to make history repeat itself. If we find the technology we lost all these years ago (maybe Elon with a plethora of CBDC and CBD will find it). Maybe our bodies will go to Mars. Or more probably, we will take an AR experience to space, because that will save the planet.
Let's hope that in 8 years from now, we will not be in 1984. We are definitely stepping towards it.
(I know 1969+15 is 1984, and 2022+8 is 2030. Things are going much faster than 50 years ago.)
Tread lightly, for this is hallowed ground.
-Father Grigori
PS. Let's also hope that we don't meet up with Father Grigori, zombies or the combine.
DJI Potential For Bearish ContinuationOn the H4 chart, DJI's overall bias is bearish. At 31981.14, which holds the 50% and 61.8% Fibonacci lines, look for a pullback sell entry. A market gap that seems to be fillable furthers the confluence. The stop loss level will be 33272.34, well above the 78.6% Fibonacci line. The previous swing low and 100% fibonacci line, which is at 29640.37, will serve as the take-profit point.
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 Potential for Bearish Momentum | 27th October 2022On the H4 chart, the overall bias for DJI is bearish . Looking for a sell entry at 31978.77, where the 50% and 61.8% Fibonacci lines are. There is also a market gap there which adds confluence to that area. Stop loss will be set at 33364.70, slightly above where the 78.6% Fibonacci line is located. Take profit will be set at 29653.29 where the 100% Fibonacci line and previous low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.