DJIA - Dow Jones Overbought, President Race 2021, BitcoinShort-Term
DJIA is overbought with RSI over 75.
On the Daily, we are going to see a correction in the next 4 weeks.
RSI over 80 or greater and we will have a decent correction in my opinion (RSI 80+ is like December 2018 selloff).
Long-Term
From where price meets white line resistance in December 2018, we use same 427 Day Period.
427 from current price brings us to January 2021.
January 2021 is when the outcome of the Presidential Election is confirmed - 427 Days.
November 2020 is the Presidential Election.
Bitcoin Correlation
Bitcoin Halving (when supply is cut in half) occurs May 2020. Price normally peaks over a year after halving.
December 2021 giant 10-year white wedge on chart basically has no room, while Bitcoin is peaking, and we have political uncertainty.
Bitcoin and other hard assets like Gold may see a supercycle if:
-government adds to $13 Trillion sovereign debt, go towards zero interest rates, and continues printing money like September 2019 with "not exactly QE $200B a month".
Confirmation
Multiple charts are telling the same story at around the same time.
If the 2Yr/10Yr inversion holds correct (with it's 100% track record over 90 years), we have about 1 year.
We should be prepared by July 2020 in my opinion at the latest. Earlier the better.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short - AAPL , SPY.
Djiaforecast
Look for potential rebound in DJILook for an hourly close above 26195 to confirm potential reversal, based on 1hr renko chart.
Look for a retracement and enter LONG around the range 26130 and 26195.
Stop Loss placed under 26020, below the long 1hr candle.
The target level is 26560, with Risk / Reward Ratio 1:2
Thoughts on the Dow Jones Heading Into the WeekendHope you guys enjoy the video, be sure to leave a like, comment, and follow for future posts!
The Dow Jones was down about 600 points today as President Trump continued his sparring session with China, and increased tariffs yet again. We can see a dangerous M forming on our 1 day time frame and I indicated crucial support levels with the fibonacci as well as the dashed red line. If those levels do not hold, we will see the Dow take a plummet in the next week, and the talk of a recession may become a reality. Looking at our shorter time frame, we can see the Megalodon timer giving us a green. I hope that this is a sign that buyers will hold the support levels for the Dow Jones, and hopefully the US and China can come to an agreement soon, so that we may continue our bullish run in the stock market!
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What's Next For the Dow Jones?The Dow Jones has been all over the news as always, but very volatile as of late. With trade wars escalating, the question of a recession is at the front of the headlines. If we look at our 1 day time frame we can see our fibonacci retracement level right below the dashed line I put on the chart. This is the danger zone. Looking at the chart pattern we can see a dangerous M beginning to form. The MacD also looks suspect as the DJI had a rough day. If the Dow cannot hold these levels between the dashed line and the fibonacci line, we may really see a volatile downwards movement. It is not looking great. If we turn to our shorter time frame though, we can see that the Megalodon timer is giving us a green. Hopefully this will be enough to boost us back upwards, because if not... the talk of a recession may become a reality!
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DJI big fall aheadThe Dow Jones hit historical maximums. I believe this is just a bull trap and a big fall is on the cards.
We see on the chart a big RSI divergence and the price printed somewhat of a doji just before season earnings started. Also MACD (not in picture) confirms the bearish momentum. It has been reported that earnings this quarter are going to be pretty bad and the Fed rate cut has probably already been weighted in.
A fall to the 26700 area will happen in a quick way. I believe the correction will be stronger and a fall all the way to the 25400 area is very very plausible.
I am ready to short this market at the minimum retracement.
Do you have different ideas? Let me know in comments!
Recession Part 1 : The Dow CrashSince last recession(2007-09) DJI have been growing steadily in last 10 years without any break.
All impulsive trends comes with pullback/recession/ and DJI is no such exception..
If dow jones cant hold above the redline (21640) we might see big down trend coming in markets which has already been started.
Few reason:
www.nasdaq.com
www.theguardian.com
www.washingtonpost.com
If recession comes then it would be a new opportunity in coming decade and can make you super rich and wealthy.But the question is will you be at the right side of the trend?
DJi (Dow Jones), Waiting for sell signalI'll open sell after fake broke of key level 26954.0 because:
- 26954.0 is a historical 10-Month High.
- Many traders will close their buy positions near this level and it can cause falling of the price.
- Potential profit will be in 5...20 times bigger than risk.
Daily DJI(Dowjonies) Forecast View26-Jun
Forecast timing analysis by pretiming algorithm of Supply-Demand strength
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
read more: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.2% (HIGH) ~ -0.5% (LOW), -0.1% (CLOSE)
%AVG in case of rising: 0.8% (HIGH) ~ -0.2% (LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.2% (HIGH) ~ -0.7% (LOW), -0.3% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Daily Dow jones forecast timing analysis.Stock investing strategies
Read more: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
S&D strength Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 0.5% (HIGH) ~ 0.1% (LOW), 0.4% (CLOSE)
%AVG in case of rising: 0.8% (HIGH) ~ -0.2%(LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.2% (HIGH) ~ -0.7%(LOW), -0.3%(CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
DJI 1HR Chart LONG ChanneltradingHello to all watching my charts.
Here is the Dow Jones DJI in a 1 HR in my chartsystem
with channel trading.
At the moment we are long and we will check on monday
whether these channel will continue to give further up the direction
or if the index will fall out or make a break out.
Whats very interesting is that same channel in the past has function
as support and resistance in May.
Best trades for all
Renkotrade
DOW/DJI Market Analysis - Entering Consolidation PeriodDOW/DJI graph looks like it's in consolidation.The blue lines (solid and dotted) represent areas where I expect the price to go up/down to. They are the support and resist.
The green circle represents a period of time where I think the consolidation will come to an end.
What is consolidation? It's when the market is undecided if it will go up or down.
What happens when the consolidation comes to and end? We will see a move that will "break" the blue lines and head up or down.
The way current conditions are, this consolidation period will come to and end between January 2020 and May 2021. We could then see a crash or break-out. The move up or down, when we come out of consolidation, might be slow as well.
The lowest the price will go (before the end of consolidation) is around 22000, the highest around 26500.
This is not financial advice. Remember that everything is dynamic and up to interpretation of the trader and the tools they use. I will keep updating this graph every so often as conditions change.
DJI LONG BREAKOUT 15.3.2019 11:30 NYTNow we have an interesting sign here.
DJI has break ot of the short channel (i have marked them in red)
and comes bak to our well known blue trendline from 11.3.2019
Thats a really strong sign.
DJI managed not only to go sideways out .
Strong up and trading along the long line in blue.
I exspected now higher prices
Also to notice
We have taken out the resistance at 25757 and thats also a fine
long sign.
I will update that at end of todays trading.
DJI Situation 14.3. 10:00 NYT SHORT but possible tredn changeDJI has managed to get our off the sharp short channel
i had marked fe day ago into a more wider short channel
now i have marked in red to see them easily.
But since 2 days we have also an established long trend
to see at the blue long trendline which i have marked
as support on the long side.
Now we only can wait what will happens next.
a) a brake of the blue long line as stay in short
or
b) a brake of the red line to get in a neutral and maybe long aerae.
Both possibilities are equal weighed in my eyes
and i cant see any advantage for one of them to forecast
Lets check the DJI end of today trading, i am shure
we can see more clearly the situation.
DJI SHORT end of 12.3.2019In the opposite direction to the Nasdaq situation we have here now the DJI.
DJI is still caught in the bigger short channel i have marked in red lines.
He tried to go out at end of yesterday and start of todays trading but
the outbreak failed.
Now the upper line (i have matrked the channel in red lines)
is the important resistance line for the ext trading days.
Unfortunately for the bulls the yesterday established
long trendline has been broken today (now in orange color)
That not a strong sign.
It is to exspect either a fall dwon in the trend channel or a
sideways go out, but also these possibility is NOT a long
setup.
If that occures we have to check the situation new
whether there comes up a new long trendlie or similar strong signs
or not.
So for now situation is still Short in the channel
--This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---