Djiashort
YM1! @ 30 min @ give him time until Christmas (until evening)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 accumulate more bulls for higher prices.
The targets are clear:
19900 last alltime high (tuesday)
19911 alltime high (1st reaction - while fed rate hike releases)
19930 target of lows (before and while fed decission yesterday)
20140 high & low projection while yesterdays fomc press conference
But as i am trying to say: "give him time until Christmas"
- it`s not forbidden to buy lows tomorrow or even next week :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a analysis (for swing traders) - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
YM1! @ 1h @ in front, while & after FOMC press conferencelet 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 looking much better! Not so fast and furios - and much more constructive! I`ve made the effort, that everybody understands what i mean - and why i am slightly optimistic - not sensitive - still restrained (kosher) bullish :)
As long the consolditaion Box holds between 19605 & 19431 Points i don`t see any reason the get in panic about the future - in the YM1! - in the US Major Equities - in the US Blue Chip shares.
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
$DJIA (US30) has completed flagPossible pullback on Monday to 19700. Doesn't affect overall bullish view.
Dow to get 23k before crashMorning 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 inflation is bad and rising interest rates. Deflation has done nothing to help the European economy. All they keep doing is reading their text books from school.
The Dow has made a thrust up to the late 19k level. We can see technically, the market has closing resistance at 19576 level with the next level up at the 19731 area. I suspect that the majority of the retail public will start to jump in after 23k is exceeded on the Dow. They will keep expecting this to "end any day now" and we may yet get that Phase Transition after getting through the 23,000 level.
The highest PE Ratio took place in 2009 during the crash - not a bull market. Why? Smart money just wanted to park in blue chips. There are times when you just want to park your money when banks and bonds are not a place to be.
Volatility will rise next week, we could pause, retest support then turn back up into January. There is a risk that we then have a correction.
Naturally these moves present great investment opportunities, more on this to come.
$NDX ($QQQ NAS100) leading $DJIA (US30)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
DJIA SHORTDJIA 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. The view expressed here is on weekly basis. [b ]Caution: The above is our personal views, It is not a recommendation neither a tip nor an advice for trade. Please consult your personal financial advisor before investing.
SHORT DJI ::: REVERSAL CALLDJI is expected to sink now.
There are many reason why we feel it may sink.
01. It is below quarterly buy level.
02. hammerl in daily Chart.
03. To sink and may come near 16150
04. Stoch RSI (3,3,14,Close) is not clear.
05. RSI(14,CLOSE) Is Bearish.
06. CCI(20,CLOSE) Is also 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 bellow:16628 with a SL @: 16839 Tgt01: 16334 Tgt02: 16150 . We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
