CORRECTIVE STRUCTURE IN DJI - 1H CHARTHey Traders,
Just wanted to pull this simple analysis on DJI (Dow Jones Industrial Average)
We had an impulse and a corrective structure, I am sure we can get a brakeout soon, watch for that and then go long for a short term trade.
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Hey Traders,
Simplemente compartir este analisis en DJI (Índice Down Jones)
Tuvimos un impulso y una corrección. Estoy seguro que pronto el mercado rompéra alcista, estad al tanto y en la ruptura de la estructura buscad una oportunidad en largo a corto plazo.
Carlos
Djialong
YM1! @ 30 min @ give him time until Christmas (until evening)basic upside trend is still intact - and runs around 19500 (today) and even around currently prices around 19838 (while 23rd december`16). How ever much more important is the 19810 price are, in my opinion! `Cause this price was the low before yesterdays fed rate hike. And from this point of view, technicly bulls need to defeat this price areafirstly, to get accumulate more bulls for higher prices.
The targets are clear:
19900 last alltime high (tuesday)
19911 alltime high (1st reaction - while fed rate hike releases)
19930 target of lows (before and while fed decission yesterday)
20140 high & low projection while yesterdays fomc press conference
But as i am trying to say: "give him time until Christmas"
- it`s not forbidden to buy lows tomorrow or even next week :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a analysis (for swing traders) - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
YM1! @ 1h @ in front, while & after FOMC press conferencelet me first clarify: "i got cold feets traders - & closed my both long positions in AXP & GS"! I am thinking that we will can buying both shares a little bit cheaper, in the next few days :shades: ...
In the YM1! i am still long, not only `cause the sentiment is by far not so euphoric even like in the banks & financials. And by the way the chart is also looking much better! Not so fast and furios - and much more constructive! I`ve made the effort, that everybody understands what i mean - and why i am slightly optimistic - not sensitive - still restrained (kosher) bullish :)
As long the consolditaion Box holds between 19605 & 19431 Points i don`t see any reason the get in panic about the future - in the YM1! - in the US Major Equities - in the US Blue Chip shares.
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
Dow to get 23k before crashMorning guys,
Wishing you all a happy weekend - I will not be free much this weekend so wanted to share this chart this morning. The eurusd call was completely as expected which was brilliant for us all, please see the related idea if you have not already plenty more opportunity before we reach parity. There are still plenty of people who continue to think inflation is bad and rising interest rates. Deflation has done nothing to help the European economy. All they keep doing is reading their text books from school.
The Dow has made a thrust up to the late 19k level. We can see technically, the market has closing resistance at 19576 level with the next level up at the 19731 area. I suspect that the majority of the retail public will start to jump in after 23k is exceeded on the Dow. They will keep expecting this to "end any day now" and we may yet get that Phase Transition after getting through the 23,000 level.
The highest PE Ratio took place in 2009 during the crash - not a bull market. Why? Smart money just wanted to park in blue chips. There are times when you just want to park your money when banks and bonds are not a place to be.
Volatility will rise next week, we could pause, retest support then turn back up into January. There is a risk that we then have a correction.
Naturally these moves present great investment opportunities, more on this to come.
DJIA LONGDJIA is expected to RISE now.
* It may rise Rise and come near 17958 levels
* Stoch RSI (3,3,14,Close) is Rising.
* RSI (14,CLOSE) is Rising.
* CCI (20,CLOSE) is Rising.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :17801, SL: 17756, Tgt 01: 17909, Tgt. 02: 17958, Tgt. 03: 18109. The view expressed here is on weekly basis. [b ]Caution: The above is our personal views, It is not a recommendation neither a tip nor an advice for trade. Please consult your personal financial advisor before investing.
DJIA LONGDJIA is expected to RISE now.
The reason why we feel DJIA may Rise.
* To Rise and come near 17776 levels
* Stoch RSI (3,3,14,Close) is Rising.
* RSI (14,CLOSE) is Rising.
* CCI (20,CLOSE) is Rising.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :17650, SL: 17614, TGT 01:17737, TGT 02: 17776, TGT 03: 17898. The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. It is not a recommendation neither a tip nor an advice for trade. Please consult your personal financial advisor before investing.
DJIA LONGDJIA is expected to RISE now.
The reason why we feel DJIA may Rise.
* It may Rise and come near 17600 levels
* Stoch RSI (3,3,14,Close) is Rising.
* RSI (14,CLOSE) is confused.
* CCI (20,CLOSE) is confused.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :17461, SL: 17421, TGT 01: 17556, TGT 02: 17600, TGT 03: 17734.
The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial adviser before investing.
DJIA LONGDJIA is expected to sink now.
The reason why we feel DJIA may Rise.
* To Rise and come near 17600 levels
* Stoch RSI (3,3,14,Close) is Rising.
* RSI (14,CLOSE) is Rising.
* CCI (20,CLOSE) is Sinking..
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from LONG above :17461, SL: 17421, Tgt 01:17556, Tgt 02: 17600, Tgt 03:17734
. The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
LONG DJI ::: RISK CALL :::The reason why we feel DJIA may Rise.
* On weekly basis it has started moving up
* To Rise and come near 17287, 17418 levels .
* Stoch RSI (3,3,14,Close) is Rising.
* RSI (14,CLOSE) is Rising.
* CCI (20,CLOSE) is Rising.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :17151, SL:17113, Tgt 01: 17245, Tgt 02: 17287, Tgt 03:17418. The view expressed here is on weekly basis. A WORD OF CAUTION IN LONGING THE DJIA as DJIA has already travelled to far into buy region be ready for a snap back.. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
LONG DJI WEEKLY BASISWe expect DJI to rise
STOCH RSI is rising.
RSI is rising.
CCI is rising.
Long DJI Above: 16908 SL: 16853 TGT 01: 17044 TGT 02:17105 TGT 03:17292. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
DJI LONGDJIA is expected to rise.
There are many reason why we feel it may RISE
01. It is trying to touch Monthly Risk buy level of 16719.
02. BULLISH ENGULFING in WEEKLY Chart.
03. To RISE and come near 16597.
04. Stoch RSI (3,3,14,Close) clearly states it may RISE.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is of the same view.
Keeping all the above indicators in view along with the chart pattern we expect it to rise. Our BUY call shall be from 16427 with a SL @: 16379 Tgt01: 16544 Tgt02: 16597 Tgt03: 16759. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.