DJIA - support and resistanceLooks like consolidation time in box with immediate resistance at fib 61.8% and support from 38.2%
S1 : 33000
R1 : 33400
Djianalysis
DJI still bearishIn our view, DJI remains bearish .
What we can see on a chart is a potential deviation in a well-defined downtrend .
RSI looks weak and remains in a downtrend.
As we're bearish on other major idicies such as SPX:
We expect that DJI will continue going down.
Long-term targets and potential path for DJI are shown on the chart.
Good luck
US30 SET TO REWARD BULLS AHEAD OF THE NEW YEARDji recent touch on the 50 & 0.617 Fib region and the retest is a confirmation with other technical tools that the US30 is et to reward SWING TRADES with +/- 2900 pips according to DANCOLNATION CAPITAL trading strategy.
Kind of Flag Pttern, Intraday setupThe index is trying to move up and yesterday it treaded positively the sustained and formed a flag type pattern so possibly its preparing for another upside move.
Dow Jones Index Outlook 21 Dec 2022TVC:DJI DJI is clearly moving in a downtrend direction in the 30m timeframe. However, it stopped making a lower low yesterday plus it has a bullish divergence signal between price and RSI.
This bullish divergence is signaling a chance of trend change to either a sideway or uptrend direction, which we need to monitor the price action today.
If the market opens within the range of 32650-33040, then it has a chance of trading in this range for today.
However, if the market chooses to gap open above 33040 then it will test at 33163 and 333000 respectively.
On the other hand, if the market gap opens below 32650 then it will test at 32470 and 32328 respectively
LONG TERM POSITION DJIAUse strict stop. Wait for price to reach Entry as indicated. First TP @ 44383.38.
DJII want to talk to you now about world crises.
A global economic crisis is a dramatic deterioration of the global economy. It manifests itself in a significant reduction in production, disruption of production relations, bankruptcy of enterprises, and growth of unemployment.
Micro-crisis markets occur almost every 8 to 15 years, but we will briefly consider only the most serious ones.
The crisis of 1929 is probably the most interesting crisis, and it is the one that everybody talks about and everybody talks about the crisis with this example.
The crisis of 1929 was a result of urbanization, which led to a high unemployment rate in the United States, the crisis of overproduction, the aftermath of the First World War, which led to a redistribution of the world and of the raw materials markets.
The crisis of 1978, one of the most usual crises, was caused by the overestimation of the market and the trading by the traders with the software (only introduced at that time). The mechanism is simple, the market falls within the usual crisis, the software understands that it is necessary to short, all the traders short, and the price goes lower and lower. Plus the Chicago stock exchange goes down, supposedly because of a crash, but we all know that this was probably done on purpose, as part of a stop to the decline. Because of this stoppage, the crowd got hooked on more panic, and the market began to fall more intensely.
The crisis of 2008. The causes were, as always, the blowing of the market bubble, when the stocks of the companies were very overvalued, as well as the overheating of the economy on the background of the uncontrolled growth process of the mortgage lending to the population.
The crisis of March 2020 is due to covid constraints as a consequence of the panic and shutdown of production.
The crisis of 2022, most likely in the future, will be combined into one with the crisis of 2020, as in principle one arises from the other, plus an uncontrolled stampede of currency to strengthen the economy, as well as a large-scale war in the center of Europe.
I think this is not the end, and the decline of the entire world economy will continue.
Translated with www.DeepL.com (free version)
HOME DepotImagine the smell of this legacy stock pumping to $500 in 2023 only to get everyone thinking bear markets over then huge rug to $2. I don't make the rules guys.
40 Bar Cycle Chart - Dow Jones DIA DJIA - Updated 121022Given that we are headed into the release of the November Consumer Price Index this upcoming (Tuesday, December 13th) and also the December Federal Reserve Interest Rate Decision (Wednesday, December 14th) , are markets set up for another short opportunity into the end of January (Q1)?
DIA DJIA Daily Chart Template
www.tradingview.com
Which camp are you in on the short-term (end of year into Q1/23') direction of markets?
Camp A: We are likely we headed for new lows in Q1/23 (Fluctuating Inflation + Persistent Price/Wage Pressures + Hawkish FED).
Camp B: We are likely to break the downtrend into the start of Q1/23' (Peak Inflation + Deflationary Forces + Dovish FED).
Let me know your prediction in the comments below!
DJI SHORT POSITION Its look great to short here because we have some confirmation so enjoy it the rising channel have been breakdown and the RSI is making bearish divergence
Dow Jones: Down UnderAfter moving sideways for a while, we're expecting Dow Jones to drop into the orange target zone between 32 762 and 31 980 points to complete wave iv in orange in order to push the trend back up to the orange target zone between 34 305 and 35 466 points. After managing to pull itself up there to compete wave (i) in blue, we expect the course to drop back South.
In our alternative scenario, Dow Jones can't turn the trend up this early and continues to drop below the support line at 31 738 points. After crossing this mark, the course should sink further into the blue zone between 31 331 and 29 789 points until wave alt. (iii) in blue hits its low before turning back up to move North. blue hits its low before turning back up to move North.
DJI SHORT POSITIONAccording to the harmonic pattern AB=BC is showing the bareish signal and also it is near resistance area good time for short
💢SELL DJI at the best place and price💰🔰You can see the analysis of the Dow Jones index in the four-hour time frame (DJI _ 4H) 🔍🧨
💥Considering that the price has been able to break the Up trend line🖤 and pullback💜 to it, if the price can reach the intersection of the SUPPLY zone and the Up trend line🖤, it can fall to the DEMAND zone🔻
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
_______📈TRADER STREET📉_________
Is Dow's correction really over?As we all know, Dow30 (All American indices in fact) started to drop since the beginning of the year.
However, looking at a longer chart we can see that this drop is overlapping suggesting correction.
At the beginning of October, Dji made a new low under 30k, followed by a second drop in that zone, making a small double bottom.
After the break back above 30k, the index traded to the upside in a very nice and constructive way and recently also broke above the falling trend line.
If this is a bull trap or not remains to be seen, but strictly technical, the index is bullish at this moment and it will stay this way as long as the price is above 32k.
A break above 34k would call for further gains and February's 36k high could be the target.
S&PHello and welcome to this analysis
S&P appears to be still on its corrective path, the bounce had came from a heavily oversold zone.
Now going forward this fall if it protects 3500 then it could be a exp flat b of iv and spend some more time sideways (triangle) or retest the swing high with c of iv. Breach of 3500 would suggest 5th to take it down to 3350 approx.
Buckle up for more volatility
Dow Jones Weekly Volatility Forecast 7-11 November 2022Dow Jones Weekly Volatility Forecast 7-11 November 2022
We can see that this week our volatility is at 3.25% which declined from 3.45% last week.
Currently according to ATR we are on 55th percentile, and according to VXD we are on 30th percentile, indicating in both cases, that we are currently is a stable market.
Now, based on the implied volatility data that we have for this week, lets look into further details.
We can see that currently there is 20.7% chance, that our candle is going to close at the end of the week either above/below the next channel
TOP: 33385
BOT: 31160
This can also be translated as a 79.3% chance that the market is going to move within this established range.
At the same, looking at the previous high/low values of the candle, and taking into account the entire history available of data, we can expect that there is going to be a
35% chance that we are going to touch the previous high of 33100
70% chance that we are going to touch the previous low of 31700
Down Goes The Dow Jones Industrial Average Index (DJI)Today you can review the technical analysis idea on a 1M linear scale chart for the Dow Jones Industrial Average Index (DJI).
In the chart, I added in the Keltner Channel (KC), RSI and MACD as well as review the Great Recession history to get an idea of where the DJI is headed. It seems that the DJI has been moving up an ARC with a possibility to come down and touch it again. It is currently inside a descending channel with the DJI about to touch the median line of the Keltner Channel. Based on the KC median line history, there may be a strong chance DJI price gets rejected. If DJI price falls as much as it did during the Great Recession, it could come down to the $18K level where there is strong support. The RSI and MACD could support that type of drop as both of them are no where near the oversold region. If the DJI price goes above the KC median line, there is a stronger chance to see the price go to $33K-$34K.
This is presented on the monthly chart so please have patience.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
Dow Jones ( DJI ) Next MoveDOW JONES INDUSTRAIL AVERAGE ( DJI )
Time Frame - H1
We have ELLIOT IMPULSIVE WAVE ( Bearish ) in Long Time Frame #LTF
Completed " 123 " Wave and Forming " 4th " Impulsive wave will Reject from Fibonacci Level ( 50% - 61.80% )
BULLISH CHANNEL Pattern in Short Time Frame #STF need Rejection from the Upper Trend Line #UTL
ELLIOT TRIPLE WAVE COMBO in Short Time Frame #STF and completed the " Y " Wave
Sell After Rejection from the Demand Zone ( 31908 - 32176 )
Dow Jones Analyze( Road Map/Scenarios)!!!🗺️Dow Jones Industrial Average Index technical analysis (DJI) moved as I expected it 👇✅.
DJI was pushed back from the resistance zone & SMA 20 (monthly TF) as I expected.
Now, we have Two Scenarios here:
Scenario 1: DJI will make the Expanding Leading Diagonal.
Scenario 2: DJI has passed the corrective waves by Double Zigzag Correction, and We have to wait for breaking the Resistance Zone by DJI (Low Possible).
❗️ Note ❗️: If DJI touches 31885$ , we can verify the first scenario.
Dow Jones Analyze (DJIUSD), Timeframe Daily⏰( Log Scale )
🔴Resistance zone: 33700$ until 33260$
🟢Heavy Support Zone: 31260$ until 29680$
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DJI will decide for staying bullish or wake up the bearThe last time DJI touch MA200 in 4h timeframe, the price was move very volatile for whole market.
DJI shortthe price go down till pullback after the tuch of consolidation the new LL most be tuched .
dow and jones index - short signalwe have a very good short signal for dow and jones index, for long and short terms both are down, don't ever buy it, all positions supposed to be short not long
Nifty crash ?Nifty breakdown levels,,,
Breaking today's low will take nifty to further down side.
Weekly candle close below 17166, more down side possible as per fib levels !!!!
