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Djianalysis

DJIA going up more or a reversal is dueHello everyone , as we all know the market action discounts everything :) The Dow Jones Industrial Average closed at a record high on Friday while the market close above 35,000 for the first time ever, bringing its gain for 2021 to more than 14% clinches four consecutive days of finishing in the green, The DJI seems to be getting even more momentum by day and we could be seeing something big happen in the next few months and the price reaches the 40000 range. Using the Eliiott waves theory we can see that the market could be in the middle of his second impulsive wave and the price could be reaching the 35411.49 resistance line by the end of the wave . The market movement is still in the range of a upward channel with no reversal patterns to be found yet , A move over 34951 will show us the presence of buyers. breaching 34993 will tell us that the buying is getting stronger. This is a potential trigger point for an acceleration to the upside since there isn’t any resistance . A move under 34951 will show us the presence of sellers. If the move is able to create enough downside momentum then we might be looking for a pullback into the first retracement zone at 34308 to 34146. Since the main trend is up, buyers will probably come in on a test of this area. technical indicators showing that : 1) The market price at 35061.56 trending above the MA 34765.01 and EMA 34747.79 (bullish sign) 2) The RSI is at 58.21 showing great strengths in the market with the possibility to reach overbought zone soon (bullish sign) 3) The MACD at 131.29 showing great momentum in the market with a positive crossover happening ( bullish sign) Support & Resistance points : support Resistance 1_ 34527.11 1_34969.30 2_ 34366.37 2_35250.75 3_ 34084.92 3_35411.49 Fundamental point of view : The focus shifts to tech stock earnings and the Federal Reserve. Traders aren’t expecting much from the Fed, which is why the market has been rallying. Investors seem to have accepted the notion that inflation is temporary. The risk is still to the downside since the Fed could surprise again by announcing a tapering date or moving the date of the first rate hike closer. The Fed wraps up its two-day meeting on Wednesday and its statement will be scrutinized for any mention of the timeframe for tapering its asset purchase program, although Chairman Jerome Powell made it clear in his recent testimony to Congress that the U.S. economy still needs the central bank's full support. In June, policymakers began debating when to start cutting monthly purchases of $120 billion of Treasuries and mortgage-backed securities. Powell may indicate that while a discussion on tapering has started, there is still time before officials reach a conclusion on what they will do. Policymakers are expected to highlight the risk from the rapidly spreading Delta variant, which investors worry could derail the economic recovery. Most analysts expect the Fed to give a clearer indication of its plans for scaling back its quantitative easing program at its annual conference in Jackson Hole, Wyoming, in late August, before a formal announcement on tapering later in the year. According to investing and dailyfx _____________________________________________Make sure to Follow and Like for more content_____________________________________________ This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts 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.
TVC:DJILong
by GabiDahduh
DJI early signs of bear market.The price of the DJI is not following anymore the primary upward trend line that began in march 2020, neither the channel line. Is not able to make new higher highs and there is a shooting star in the top of the advance. There is been a 93% upward move since march 2020, which is a record upward move in such a short period of time. Volume is heavier on downward moves than upward moves, there is a volume and price divergence. Also the price is moving sideways, all of this is suggesting that distribution may be happening already.
TVC:DJIShort
by maksimpancheff
1
DJI 1D analysis 02/07/21Hello everyone , as we all know the market action discounts everything :) The market seems to continue its movement up with no signs of a reversal yet , all the patterns and indicators that we used on that chart are telling us the market is still not stopping here , MACD creating a bullish positive divergence, market price moving above the MA and the STOCH is in an overbought state . Fundamental analysis : The Dow Jones Industrial Average finished up over 130 points, or 0.4%, to end at around 34,633, marking its fourth-highest close in history as it inches toward eclipsing its May 7 all-time closing high at 34,777.76. Traders think U.S. payrolls on Friday could jolt markets from a slumber that has locked currencies in some of their tightest trading ranges for decades. Initial claims for state unemployment benefits dropped 51,000 to a seasonally adjusted 364,000 for the week ended June 26, the Labor Department said on Thursday, although they are an unreliable guide to Friday's broader indicators. Make sure to Follow and Like for more content If you have any questions please ask Thank you for reading.
TVC:DJILong
by GabiDahduh
3
DJIA 1D price analysis Hello everyone , as we all know the market action discounts everything :) we saw from the chart that we analyzed that the DJI price is moving in downtrend which is a great point of entry with a sell stop action , there are no signs of the market reversing yet , will keep you updated . Fundamental analysis : The U.S. stock ended sharply lower on Friday, Dow is posting his worst weekly performances in months, after comments from Federal Reserve official James Bullard that the U.S. central bank might raise interest rates sooner than previously expected spooked investors. The blue-chip Dow started the week at record closing levels, but ultimately fell by his most in any week since late October and late February, respectively. This was compounded by Bullard, president of the St. Louis Federal Reserve, saying Friday he was among the seven officials who saw rate increases beginning next year to contain inflation. Inflation, and how the U.S. central bank will tackle it as the country comes out of the pandemic, had been front-and-center of investors' minds in the run-up to the policy meeting, which ended on Wednesday. The CBOE volatility index, Wall Street's fear gauge, closed Friday at a four-week high. If you have any questions please ask Thank you for reading .
TVC:DJI
by GabiDahduh
DJI at a critical level - Bulls pray it doesnt break this 👿☠️👹DJI aka Dow Jones Index has been sliding south for the last 7 days, but considering that it has been going up for last few months it is not surprising to see this kind of pullback. Now the issue becomes, will this index keep having losses till it collapses to the abyss or this magic line is going to save the trend and push the bulls up to the moon as they say? Lets dive into the charts and analyze. This chart is straight forward, the Dow Jones Index has been following this trend line since November 2020 and now it is coming to retest the trend line. As I post this TA, it is kissing that line. To me it is not much of a concern until we close one daily candle below this line, if this happens it will be a warning shot and I may start re-evaluating my long term bullish positions. On other indicators, daily PSAR looks bearish, price below 21EMA which is bearish but on the bullish side price is above both 50MA and 200MA and the blue trend line. At the moment I am neutral and I am holding my positions until something changes. I will keep you updated as things change. If you like these TAs, please smash the like button and share with your friends and other traders. Have a great week ahead. XTF.
DJ:DJI
by xtf_ze_trader
DJI 3413.99 - 0.23 % SHORT IDEA * PRICE ACTION & STRUCTUREHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE DJI INDEX FROM THE MONTHLY CHART. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRAD
DJ:DJIShort
by PULEMokhothu
DJI 34269 - 0.36% SHORT IDEA * MONTHLY OVERVIEWHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE DJI INDEX FROM THE MONTHLY CHART. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
DJ:DJIShort
by PULEMokhothu