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Djiaprediction

The end of the Bull Market? A big drop is coming I do not trades stocks or indexes at all but technical analysis can be applied to any instrument so this is my view on the DJ Index. The DJI has had an incredible run since March 2020 (18183) to the high of 36855 made at the beginning of the year. What were the reasons for this? 1) Low to no interest policy of the FED 2) Optimism of recovery from Covid and vaccine discovery. 3) Free money being available and a lot of amateur traders getting into the market This Index however has run out of steam. Technically speaking, there are massive reversal signs that are in play since May 2021. 1) Weekly Overbought on RSI 2) RSI Divergence on the weekly chart 3) Head and shoulders pattern complete On a fundamental side we have: 1) Interest rate increase to combat inflation 2) The China lockdown 3) An energy crisis 4) The sad invasion of Ukraine The year long consolidation between 34000-36000 is a dire warning that the market is in consolidation for a big move. It is very unlikely to be up and we are looking at the intial levels of 30,0000 and then 26,000. If the consolidation lasts for a few months, these levels will not hold and we will see a bigger drop. There is no timeline on the weekly chart, but let's revisit this chart in July, October 2022 and January 2023 to see where the market is at.
TVC:DJIEducation
by JD_TeenTrader
8
Dow Jones (DJI) | Two points to start the correction📍Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. This index has almost the same form and structure due to the convergence with the spx index in the count. In this structure, the main 1 and 2 waves are formed and the 3 main waves have completed their 1, 2, 3 and 4 microwaves and are now inside the 5th wave. Wave 5 will probably form a triangle, and from this triangle, wave 4 at the end of its trend and wave 5, to create a balanced ratio for the main wave 3, may end on Fibo 1.618, and then the main wave 4 will start its correction. Breaking the red circle is required to confirm this correction. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DJIShort
by mahdisoltaninjad
3
Dow Jones (DJI) | Best point for sell🎯Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In this index, only the main 1 and 2 waves are formed and from the 3rd wave, the 1, 2, 3 and 4 microwaves have ended and are now inside the 5th wave. Wave 4 of wave 3 consists of three waves, two of which are formed before breaking the trend line, one wave breaks the trend line, and wave 4 ends after breaking the trend line. We suggest that wave 5 ends near Fibo 1.618 before the trend line or by hitting the trend line and then breaking the red circle to form a descent for the main wave 4. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DJILong
by mahdisoltaninjad
3
Dow Jones (DJI) | Best point for sell🎯Hello traders, DJI in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In the wave count that has been done. The main waves 1 and 2 are complete. As we said in the previous analysis, it is possible that the main wave 3 is not over and we are in the wave 4 of the 3rd wave. From wave 3, wave 2 was not normal and this wave can be shorter in time and the rest of the waves are part of wave 3. But for now, this is how we consider it. From wave 3, microwave 5 forms its ascent and it is probable that it will climb to Fibo 1.618 and then wave 4 will form long and deep. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DJILong
by mahdisoltaninjad
2
Dow30- Could yesterday's bearish engulfing announce a drop?From the beginning of 2021, Dow Index has risen around 20% from the bottom to the top, which is phenomenal. However, looking closely at price development, since 10 May (yellow line) the rise counts only 5%, and since mid-August's top( green line), ONLY 3%. This for me is a clear indication that the bulls are very tired and in need of a correction. After the recent ATH, Dow dropped hard and has started to recover at the beginning of December. Yesterday's strong bearish engulfing can be the signal for the bears and price can drop again to recent bottom, now support. A new ATH would negate this scenario
UShort
by Mihai_Iacob
24
Dow Jones (DJIA) | Best point for sellHello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. According to the count made in this index, waves 1, 2 and 3 are formed and are now at the beginning of wave 4. Depending on the shape of wave 2, wave 4 will probably move deep, at least to 0.5 fibo, and will lengthen over time, and it can be said that wave 4 will be a flat. The first movement of the flat to the pink line is formed after the confirmation and failure of the red circle. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:DJIShort
by mahdisoltaninjad
2
DJI Analysis after reaching 6.2 % CPI, Inflation rate Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ 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.
DJ:DJI
by GabiDahduh
Dow Jones gained 0.39% what's next ?Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ 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.
DJ:DJILong
by GabiDahduh
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.
OSE:DJIA1!Short
by nmiah7c