DOW JONES INDEX Analysis .I think CURRENCYCOM:US30 Index is facing a key level at around 24400 (Green Line) .As long as we don't close significantly , in an upcoming day , above the green line and break above the black line above it , I don't think there would be a reason to believe in a real bullish continuation and recovery of the DOW JONES .Price could try to break the green line by going back to the 22350 (blue line) area then bouncing up from there to break the green line area , but If the bulls fail to help the price bounce up from the blue line , there would be a considerable probability to break below the blue line and eventually return to the starting point at around 18250 .
Djianalysis
#DJI.. SELL IN MAY AND RUN AWAY!.. I think that there will be a long-term correction wave in the global markets on a macro scale, and it is getting closer.. Markets will become very interesting in the coming years, we will wait and see..
For DJI, the structure I expressed in the chart is very important and should be watched carefully.. I firmly believe that, we will observe wedge pattern in the chart of many markets in the big correction wave..
What I wrote is about strong possibilities that most investors and analysts do not express or expect.. Please do your own due diligence when it comes to trading.. Invest at your own risk..
I wish you all the best..
Dow makes HH, but 55 ema is the secret to retesting the lows!We broke downward out of the rising wedge so beautify. It looked like the top of the B wave was in until price decided to make a HH, which may be a potential bull trap. If we can range between 22k - 24k, my EW count will still be in check. A break below 22k will confirm my count and I expect to see many bears entering here. Another wave up would launch us to the 200ma/ema. Will monitor closely to see if we break either direction!
Fake news, Fake Covid-19....It's about to go downHello Traders,
Fundamental Analysis:
Like other big investors that we have in US, i will tell you what they say "It is just a fake movement, the stock market is weak",
We all see all these thinks with Covid-19, 22 million people from US are in unemployed right now, 1 million people that have Covid-19....Bla Bla Bla.
Just think about it, no employers, no production, only money from Fed, and the stock markets is rising ?!
People start to realize that everything that is on the news is just to put fear in people minds, search for Dr. Rashid A Buttar.
Tehnical Analysis:
-breakout of trendline (sell signal)
-retracement from resistance (sell signal)
-big bearish divergence on MACD (sell signal)
Leave a like and follow for more ideas!
Enjoy it!
PS : Is my vision, make your own choices.
DJI: Market Showing Weakness, Short Term (May 3)X Force Global Analysis:
All markets is currently showing weakness in both technical and fundamental reasonings. With no clear signs of recovery for the COVID-19 situation, we may see an uprise of technical traders taking advantage of the situation to drive price down even further trying to keep the technical aspects on a larger picture in tact.
With that being said, we can see a clear break of the 1D rising wedge that may drive us down to the main three fib levels.
Another interesting correlation is with the cryptocurrency markets, where Bitcoin is showing similar signs of retracements and bounces. Please check the extreme similarities in our other analysis:
Trade Safe.
Is It Time For The Recovery? Or More Down Side? (DJI)Their is a lot to study here.
Ever since our initial breakout we have not seen a retest on the breakout to test for a support.
Each impulse has decreased roughly by 7% each push back up.
The last wave was a 7% impulse as we reach the level of Resistance.
The decrease in buy percentage could represent a correction to come.
24815 is key break level for upside continuation.
If it did fail to breakout out I'd look to play a bounce off the downward breakout level to see if we can find support.
Total we have 5 waves up to current level. Could be end of a wave cycle.
I know that these times have impacted many lives and ultimately I just wish it would fly back up and the world can go back to work.
Very critical area for the stockmarket around these levels.
Enjoy.
SPX: The Great Depression and Today's Market 1W (Apr. 27)X FORCE GLOBAL ANALYSIS:
The Great Depression that took place in 1929, took 10 years to recover, and is still remembered as one of the most devastating events that hit the stock market. Today, the stock market is recovering from a devastating hit caused by a virus outbreak (COVID-19). Governments and banks have worked together, initiating both monetary and fiscal policies to resuscitate the market. However, doomsday theories arise, comparing the current situation to that of 1929. In this analysis, we explore the possibilities of a Depression in 2020.
Analysis
- First off, we look at the technicals, comparing the Dow Jones Industrial Average in 1929, and the S&P500 in 2020
- Visuals demonstrate a similarity in terms of the general trend
- Both charts start off with a parabolic move (not demonstrated above).
- Then, a phase of consolidation - marked by the red zone - which represents base 4 of a parabolic move
- The first thing to note during this phase is that we see an extended bearish divergence
- Prices form higher highs and the Relative Strength Index (RSI) forms lower highs, demonstrating a lack of strength in the bullish trend
- After reaching the peak, we see the Moving Average Convergence Divergence (MACD) form a death cross. This death cross marks the beginning of a temporary bearish trend reversal
- Then a bounce near the trend line takes place. During the Great Depression, DJI bounced over 50% before continuing to drop. SPX has currently bounced over 30%.
- As it bounces, an ascending bearish wedge pattern is formed
- As the ascending wedge pattern reaches resistance between the 0.618 and 0.5 FIbonacci resistance zones, a rejection takes place
- Prices drop further, and we see a continuation of a downtrend following the descending trend line, marked by the dotted purple trend line.
- According to Ray Dalio, one of the most successful hedge fund managers in history, there are debt supercyles
- The last debt supercycle ended in 1929, and usually last 50-100 years
- Because this crisis was initiated by a viral outbreak, the real economy has also been significantly damaged, with unemployment rates having skyrocketed
Counterarguments
- Unlike the government and banks back in 1929, we are more prepared for a crisis today.
- The US has initiated Quantitative Easing at an unprecedented rate, and the Fed has cut interest rates like never before in history
- As biomedical companies heavily invest in medicines and vaccines, we see hope in eradicating the virus.
- Since this crisis was triggered by the virus, mass production of a vaccine could immediately end the crisis (driven by bullish anticipations of the future), and possibly take us to all time highs
- The doomsday prediction has been a popular argument for years. Ray Dalio has also been taking about the possibility of a debt supercycle since 2016.
Market Sentiment:
The fear and greed index for the S&P500 Index still points towards fear, despite the huge bounce we have recently witnessed.
What We Believe
It's impossible to perfectly predict and time the market. Leveraging for maximal positions in the market is definitely not optimal, and so is terminating all positions to catch the bottom. We believe that the trend is your friend. Identifying short, medium, and long term trends is absolutely essential, and choosing the right stocks, with strong fundamentals that can stand the test of time throughout this crisis, is the recipe for success.
Trade Safe.
Dow Jones 1930 Breakdown of the trend -81% Update after 25 yearsA similar situation is happening now. Then a breakthrough of the uptrend line, price fixing below the uptrend line and another -81.5% market fall. Previous highs were updated only after 25 years.
The situation on the Dow Jones now. A very similar schedule as in 1930. It is important how the price will react near the uptrend line, which will act as a support. If there is a breakdown of the uptrend line and the price consolidates below it, a very dangerous situation will arise like in 1930 and a complete collapse of the US economy. Let's hope this does not happen.
My former trading idea is an indicator. Published in April 2019.
Which gave a signal of a market reversal before its fall.
The relationship of the Dow Jones and the Fed% rate We are ahead of the financial crisis.
Fun with trading - minute by minute analysis DJI - Follow-upEnergy buildup = violent move
The end off a penant = decisive move! happens more often then not.
Trading psychological levels. How is the majority trading? It is all emotional.
Stock market = reading the mental/psyche/emotional health of the herd.
Also markets want to 'fuck' you over, carefull of false moves!
Nothing is certain, they are all probabilities with one outcome being more likely then another.
Previous video: stick to your analysis. let me add: when you're wrong, admit it, change your analysis, but still stick to it!
Never marry a trade.
📉 Dow - Jones Continues to FallHello everybody.
Having examined in detail the wave structure from the beginning of the decline, I conclude that an increase from March 23 of + 30% , is only a correction of the decline impulse.
This correction I marked by the fourth wave, which is most likely already formed. From 24000-24400 I expect a continuation falling in the fifth wave, with the aim of updating a minimum of thirds wave.
However, after fall to the area of 17000-18000, probably the first phase of the crisis will be end, and the markets will begin to recover.
Good luck!
DOW JONES AVERAGE - Monthly Chart - ForecastIf the 5th Elliott wave represents the historical
all time high of the Dow Jones bull market for
more than 100 years, then it is possible that
the stock market entered a historical bear market.
The only confirmation for this scenario is the
Dow should decisively break the lower trend
line of the channel and sustain trading below 19500.
Currently we may see some
slight pressure up before down.
Daytraders, Are You Ready? (DJI)Symbol: DJI
This post is for all the day trading junkies out there. I am showing the 30 min time frame with a cross over to the downside. If I double that timeframe and go to the hourly, I'm at a tipping point in thr market. We would enter to short till 30 min and hourly line up to go back to the upside. We are putting our money on red. We will watch closely on the market open . If we see a change in our indicator and strategy than we will have to play break to top. But, for the most part we are short here.
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Dow JonesSymbol: DJI
Who said major recessions couldn't be predicted?
Buy green
Sell red
I'm just sayin.... 🤫
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Dow JonesSymbol: DJI
Could be an opportunity to short monday.
We will have to wait and see on the open.
Be prepared.
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DJI technicaly based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 DJI technicaly indicators showing we can expect higher bulish market continuation, FIBO 0.382 which is in many cases stong supp is breaked, good bulish candels foramtion, expecting to see push in price till FIBO 0.6 or till last above green trend line.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
Dow JonesStock Symbol: DJI
Big picture, don't fight it. Let it correct. It is way to early to make a call on this. We are viewing this from looking way out. That is a massive red doozie. Waiting for solid compression. Last break like this was the 2008 collapse. I ain't touching it.
Diversify and use 5% stoploss
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Bull Flag or Descending Triangle. What Does The Death Cross Tell You?
The death cross occurs when a short-term moving average (typically 50-day SMA ) crosses over a major long-term moving average (typically 200-day SMA ) to the downside and is interpreted by analysts and traders as signaling a definitive bear turn in a market.
The opposite of the death cross occurs with the appearance of the golden cross, when the short-term moving average of a stock or index moves above the long-term moving average. Many investors view this pattern as a bullish indicator. The golden cross pattern typically shows up after a prolonged downtrend has run out of momentum. As is true with the death cross, investors should confirm the trend reversal after several days or weeks of price movement in the new direction. Much of the process of investing by following patterns is self-fulfilling behavior, as trading volumes increase with the attention of more investors who are driven in part by an increase in financial news stories abut a particular stock or the movement of an index.
Limitations Of Using The Death Cross
All indicators are “lagging,” and no indicator can truly predict the future. Once & while a death cross can produce a false signal, and a trader placing a short at that time would be in some near-term trouble. Despite its apparent predictive power in forecasting prior large bear markets, death crosses also do regularly produce false signals. Therefore, a death cross should always be confirmed with other signals and indicators before putting on a trade.
Possibly Bull Flag or Descending Triangle as well, outlined in dark Green.