Today is April 9th 2018. As I am writing this the DJIA is up over 400 points @ 24,352. This after a huge sell off on Friday 4-6-18 which marked the first day in sub wave 3 of wave 3. I expect a lot of down movement in price this week so I will be shorting the DJI via SDOW (3x leveraged short) starting before the end of the trading day. As always your comments...
I think the pattern is more evident here on the Dow Jones, when compared to SPX. The next leg down (when measured from peak to baseline) has us right at "bear market" territory. From the current high (open/close) a close beneath 21293.368 puts us below the 20% threshold, and while we may dip to this area, I'm not so certain we will close a session beneath this...
DJI playing out classic boom/bust cycle. Targets listed in green.
DJI Going pretty as per plan Some more room to fall as per the oscillators. May be a bounce is in play from the Trendline or the Support Zones identified before reaching the Target 2.
Let's see how many indicators DOW can ignore. 4H macd about to cross, bearish div on rsi and a falling wedge. -------DO NOT SHORT DOW!!! THIS IS AN EDUCATIONAL/EXPERIMENTAL TRADE--------
implies another 22400 then 400 point drop.
Sell the gap closure 21978, with SL above previous high.
Clear pattern at 20,000 and 21,000 implies some consolidation here.
Good fit from last pullback. Yesterday was not severe, could easily see more.
Price/action looks like last August, we are now about early Sep.
Both going down in short-term, but one will break.
basic upside trend is still intact - and runs around 19500 (today) and even around currently prices around 19838 (while 23rd december`16). How ever much more important is the 19810 price are, in my opinion! `Cause this price was the low before yesterdays fed rate hike. And from this point of view, technicly bulls need to defeat this price areafirstly, to get...
let me first clarify: "i got cold feets traders - & closed my both long positions in AXP & GS"! I am thinking that we will can buying both shares a little bit cheaper, in the next few days :shades: ... In the YM1! i am still long, not only `cause the sentiment is by far not so euphoric even like in the banks & financials. And by the way the chart is also...
Possible pullback on Monday to 19700. Doesn't affect overall bullish view.
Morning guys, Wishing you all a happy weekend - I will not be free much this weekend so wanted to share this chart this morning. The eurusd call was completely as expected which was brilliant for us all, please see the related idea if you have not already plenty more opportunity before we reach parity. There are still plenty of people who continue to think...
The point is that the QQQ rose before the DJIA in relative terms (red line is DJIA). It implies a 3.5 drop in DJIA. Other studies confirm a 19225-ish top
It isn't much, but it's showing a downtrend. NFP will decide.
DJIA is expected to SINK now. * May SINK and come near 17340 levels * Stoch RSI (3,3,14,Close) is SINKING. * RSI (14,CLOSE) is SINKING. * CCI (20,CLOSE) is SINKING. Keeping all the above indicators in view along with the chart pattern we expect it to SINK. Our SELL call shall be from SELL Below :17458, SL: 17492, TGT 01:17377, TGT 02: 17340, TGT 03: 17225. ...