Ty @BitFink.Dow potential lovely promising sell setup not a trading advice do your own ta thanks. Dedicated to @BitFink ❤️👑
Djianalysis
Dow Longterm Buy Setup.Dow just broke the triangle to the upside and is coming back to retest the last support which suggest huge volume coming in at this level that's why the triangle broke to the upside means it's going more up after the retest. Not a trading advice do your own ta thanks. Tp is huge. Best to keep it for long term because gold has also topped and I'm expecting a deep correction for gold in monthly tf.
DJI Analysis after reaching 6.2 % CPI, Inflation rate Hello everyone, as we all know the market action discounts everything :)
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U.S. stock markets opened lower on Wednesday after data showing the U.S. inflation rate hit its highest in over 30 years, something sure to put fresh pressure on the Federal Reserve to tighten monetary policy faster.
the Dow Jones Industrial Average was down 53 points, or 0.2%, at 36,267 points.
The DJI index had hit a record high within the last week after the Federal Reserve had indicated at its last policy meeting that it expected not to have to raise interest rates for another year.
Consumer prices rose 0.9 percent month over month in October and 6.2 percent year over year, according to the Labor Department, the highest rate in more than 30 years. The increase was broad-based, and the core CPI increase accelerated to 0.6 percent on the month, for an annual rate of 4.6 percent.
From a Technical point of view :
The DJI is still showing Bullish signs all over the technical side but this might reverse if the Federal Reserve doesn't come up with a plan to beat inflation, The market is trading at 36278.36 and could be moving to the first support line located at 36076.01 where it might pull up again, in case the situation doesn't change then we might see a further drop reaching the support located at 35456.54.
Technical Indicators show :
1) the market is still above the 10 20 50 100 and 200 MA and EMA (Bullish sign)
2) The RSI is at 67.22 and dropped from the overbought zone today, with no divergence found between the indicator and the market.
3) The ADX is at 25.94 indicating a trending market with a positive crossover between the DI+ (31.05) and DI- (16.30).
Support & Resistance points :
support Resistance
1) 35924.67 1) 36608.31
2) 35520.26 2) 36887.54
3) 35241.03 3) 37291.95
Fundamental point of view :
U.S. President Joe Biden said on Wednesday he has asked National Economic Council to work to reduce energy costs and the Federal Trade Commission to push back on market manipulation in the energy sector in a larger push to reverse inflation.
The Democratic president said he was committed to the independence of the Federal Reserve in its efforts to combat inflation. "Inflation hurts Americans pocketbooks, and reversing this trend is a top priority for me," he said in a statement.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
Dow Jones: Rock'N'Roll 🤘🤘🤘The Dow Jones is extending its gains and solidifies its position north of the mark at 35777 points. The index should not cross this line - for now. In total, we expect the course to further increase and reach areas above 36958 points. After that, we expect a fall towards 35822 points.
Happy trading!
Dow Jones gained 0.39% what's next ?Hello everyone, as we all know the market action discounts everything :)
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U.S. stocks were higher after the close on Tuesday, as gains in the Basic Materials, Technology, and Healthcare sectors led shares higher.
The Dow Jones Industrial Average rose 138.79 points, or 0.39%, to 36,052.63
Possible Scenario for the market :
The market is trading right now at $36052.64 and the trend is moving with a strong Bullish momentum that started on the 28th of October, After a sudden drop in the market.
This Bullish movement will probably be reaching the $36115.86 resistance level where it will be aiming to breakout that level to reach the resistance at $36380.11.
In case the Bears tried to make a move then we could be seeing a drop that most likely won't reach any further than $35456.54.
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish signs)
2) The MACD is above the 0 line indicating a Bullish state in the market, with a positive crossover between the MACD line and Signal line.
3) The STOCH is in overbought zone with a positive crossover between K% (97.80) and D% (96.21)
Weekly Support & Resistance points :
support Resistance
1) 35575.99 1) 35978.05
2) 35332.38 2) 36136.50
3) 35173.93 3) 36380.11
Fundamental point of view :
The Fed will release a statement at the end of its two-day meeting on Wednesday when it is expected to announce the start of tapering its bond-buying program. Markets also are pricing an interest rate hike at the Bank of England meeting on Thursday.
"Most times, markets are happiest when they get predictability when they get what they expect, and I think the expectation is that they are going to taper," said Randy Frederick, vice president of trading and derivatives for Charles Schwab (NYSE:SCHW) in Austin, Texas.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
Am I Crazy to Expect DJIA to Drop by 8000 points Long Term?Markets are strong and the outlook currently is very bullish. So anyone who thinks that markts will drop significantly in the mid to long term would be laughed at right?
But i just cant help but notice that markets are way too high at the moment. everything seems pretty over valued - although market analysts will say the valuations are just about at the right level if not still low.
Could all these excellent company earnings be transitory, thus skewing the markets?
or perhaps theres something more to come, such as another wave of teh pandemic that could pull the markets down.
Whilst we are yet to see what it could be... my better judgement of technical alalysis tells me we could see a big correction in the markets over the long term.
Im aiming for around 26,000 for teh DJIA. Time will tell.
US30/ Dow Jones AnalysisPrice is approaching yearly highs AKA as a Liquidity Level. There is divergence going into the Liquidity Level so predicting price to immediately reverse and go short (short term) once it hits the Liquidity level OR Break and retest yearly highs to continue long. Wait for your price action and confluences.
This is simply my analysis and not financial advice
AVDLLooks like a push to the 618 fib retracement might be up next. If we have an impulsive 5 up incoming the chart should look like this IMO.
BUY US30/WS30: Swing Trading AnalysisEntering a Buy Limit order for US30:
Entry: 34020
SL: 33470
TP: 35940
The market is testing support at 34000, added 20 pips to accommodate for spreads and broker rates. Will enter a buy in this zone as soon as I see reversal signals in order to reinstate
LONG positions. The SL is below the zone. The entry also matches with Fib level of 61.8 which is a good area to buy especially on US30.
DJI forming a triangleDow Jones Index is forming a triangle with potential pump or dump of nearly 4 percent! Personally I think that it will breakout before the end of the triangle to a new all time high.
dji intraday tips dji intraday tips ..................................................................................
DJI - STILL LARGELY BEARISH AS DEBT CEILING APPROACHESDJI / US DOLLAR OVERVIEW
Looking at the broader picture here on a 5D chart, we see DJI following exact movement as per October 2007 - mimicking the financial crash of the 2008. As we continue to watch the events that unfold worldwide, an even greater threat to the healthy economy looms in the darkness, stock market crash (deflation of the financial stock bubble caused by an increasing world inflation).
Dow Jones Industrial Index with higher potential up to 41003 possible Take profits for DJ:DJI
We are still in a bullish trend in the indexes like CURRENCYCOM:US30
SL under 33000
Fibonacchi Extensions:
TP1: 35600
TP2: 37000
TP3: ~40000
Dow Jones Industrial - Comparision to The Great Depression First time using tradingview for stock market and the first thing I saw was this. I had an idea to compare the charts from today's time and from the great depression. I am very noob at TA but I am starting to learn and understand basic principles and from what I've read, isn't the RSI one of the best indicators?
I mean... we have some big "news" in the world today that wasn't very welcomed and maybe the crash from March 2020 was just a sign of what is about to happen?
Dow Jones Industrial creates a double bottom at 33920Dow Jones Industrial creates a double bottom and forms a long-term price channel in H4. The Index also completed a five-wave pullback sequence to the downside and could head back up if it holds above 33920
Dow Jones: Good Boy! 😎😎😎Who is a good boy? The Dow Jones is! Here, the top was perfectly hit and the following correction also evolves as planned – so far. We expect the course to drop below 34034 points and then attack new all-time highs.
Let’s gooooo!
APPLLooks like Apple has completed a 5W impulsive move up on HTF weekly chart and is probably going into another ABC correction that keeps the price flat to down until some catalyst create the next pattern
DJI - BEGINNING OF THE END? - CryptoManiac101DJI / US DOLLAR OVERVIEW
Every time I've heard someone mention DJI and the so called 'upcoming crash', it almost sounds too repetitive and at the end of that same week you'd see DJI, DOW climb higher and higher to everyone's dismay. Well, we might finally be nearing or entering the new 'phase' of the stock market and global economy as a whole where we will finally see the Black Swan event unravel.
Stay tuned!
End Of The Bull Run?This week the US had a Jobs Report that showed slower than expected growth, which has led to a bearish week in the stock market. The DJI has formed a double top which has broken to the down side. Could this reversal pattern play out and bring about a bear market?
Dow Jones Danger Zone - Jan 2022Similar to my SPX500 idea, I think the fractal here looks remarkably similar to price action and we could be approaching the top in the DJIA. Suggested date
Down Jones Industrial Average is 50% @ a trough or Down for one!Since Covid's Low 28 signals !!!
Volume Weighted Average Price (VWAP) is a technical analysis tool used to measure the average price weighted by volume. VWAP is typically used with intraday charts as a way to determine the general direction of intraday prices. VWAP is similar to a moving average in that when price is above VWAP, prices are rising and when price is below VWAP, prices are falling. VWAP is primarily used by technical analysts to identify market trends.
