Dow Jones - Elliott Wave Technical AnalysisDow Jones continues to show strength, it's a slow mover as volatility is low for value stocks.
- 3rd wave's peak may or may not have reached yet, but either way still has a 5th wave to complete before correction.
- Green parallel zone represents bullish impulse still in place, upper line acts as resistance and below line also represents trend line of support.
Enjoy!
Djianalysis
Sell after two monthsAfter buying for two months, Now we are going to sell
Wait for finishing this 4h candle, till now that broken down the strong trend line, we need pull back and test the trend line again
Have good trade
Dow Jones: Where to go? 🚧🚧🚧Chances are good that the Dow Jones does not stop at 34000 points and crushes through that zone like Shaq used to do back in the day. If the Dow manages to also crush the resistance at 34336 points, our alternative scenario will prevail and bring even higher quotations. In our primary scenario, however, we believe that we take a long road here and that the Dow will correct a bit, before pushing for 34500 points.
Stay trading!
SPXI think a nice correction back here to the inverted head & shoulders neckline is coming. Would be super bullish and set up for the next parabolic move towards 4600.
We have the Fed buying bonds 20-30yr in order to implement YCC. We have also the fed stating the inflation is not a concern. (Which is B S IMO)
We have a reopening economy, entire world soon to be vaccinated if not already and Trillions of dollars in stimulus money floating around looking for a vacation and some DOGE coin entries.
Don't be a stupid bear and buy the dip like BIG MIKE Fam!
As always BIG MIKE PERMA BULL loves you guys and hopes we all get rich AF. ;)
So I'm Bearish...LongtermLooks like we are in the end of an extended wave 5.
Looking for a market top coming in the next year or so.
Retail reddit traders blowing up stocks is a clear sign that we are in the final impulse as retail traders don't typically get personally involved until the end. Also the hedge funds getting margin called is a warning sign that people are overleveraged.
*Notice how in the 70's when Nixon took the USD off the gold standard, the market began it's extended 5th wave. If he hadn't have done that, the market most likely would have had a normal 5th wave comparable to where our current subwave 1 of 5 ended around 1987. So in that reality the 80's would have marked the end of the cycle. We would have gone through another depression and then started a new cycle with the internet boom, but nope.
Honestly China might take over because they'll be able to fund larger deficits and sell their bonds to take over blockchain, while we're paying off all of our ancestors debts!
Building up positions in the VIX.
If this is the top of the top though....WTF do we do...?
People say gold and silver. We also have crypto and defi now so that's good. Maybe other countries or emerging markets?
The U.S. dollar cracking is gonna be part of this so sitting in dollars isn't really an option this time!
Dow Jones: No Fooling here! 🤡🤡🤡The Dow Jones is going to experience its biggest crash in history in just about a week. No, we’re just kidding. It’s April Fool’s Day, folks! In reality, we expect the Dow to further grow and expand all the way up to regions around 34000 points. After a short correction, we are set to tackle all-time highs above that level, too.
Happy Easter Holidays!
The Best (passive) Index SHORT in the world. - The Dow!The Title Chart is the DJIA/Nikkei225 - the best of them all.
Here are the rest;
This one is not very representative since it reflects the weakness in the Pound.
Still, it is a country-mile better deal than holding the Dow (Long).
Well, you get the idea as the rest of the worldwide indexes reflect the same story, across the board. (With the Asian Indexes leading the pack vs. the DJIA!)
One other, important issue to consider that these - above -declines haven't even factored in the Currency Differential(s) between between local currencies and the U$D. - Doing so, the Dow has an even grimmer future.
DOW JONES (DJIA) – Week 10 – Bearish pressure increasing.The main stock market Indices had a strong session on Tuesday as Treasury yields backed off a bit. Dow Jones hit a record high before backing off with expectations that The House will pass the vote for the $1.9 trillion Biden stimulus bill on Wednesday.
Technically speaking, the price made a new historical high, reaching the 32180.0 level. At the moment it looks like this bullish move needs some space to breathe, as the price started to lose some momentum at the upper channel line.
We expect a bigger degree bearish pullback to take place, with a chance to find some support around the 30k level. If that area is breached, we anticipate the momentum to increase and continue towards our first target in order fill the GAP created at the beginning of November.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move
DJI FORECAST AND COMMENTARY - DOW JONES INDUSTRIAL AVERAGEDow Jones now trading at the area I would expect a turn around. It could push right through before retracing. I would look for a modest short position in this area with a tight stop loss above 52.5, taking profits at the lines below. Possibilities are 1. it comes down to the orange and tests highs again. Or 2. It comes down to the red line before testing highs again. Or 3. The damn thing just continues upward. Hope this helps your trading ideas but remember this is NOT financial advice, do not take trades based solely on this idea, I am not a financial advisor. This is record keeping only. This is also more commentary than a call but I'm marking it a short call. :P
Be safe out there yall.
DOWGOLD Ratio - SHORT; Look where it is sitting!What "global recovery"??... Are "they" serious? - Of course not. But it is entertaining, that much is true.
Going long Game Stop makes a great deal more sense than owning US equities - or any other, for that matter.
(At least a case can be made for he former .)
... and here is one (among many!), reasonably reliable Risk On(Off) FX pair ...
... which says that the title chart just hit the wall.
DJIA AT A KEY LEVEL The multi year bull channel coincides with the steep rally channel from March lows so these levels are key for breakout or profit taking