Break of ATH into month end has set up a somewhat easy push to new highs at 42,375 fib extension level into the first week of the month. Markets as a whole ended the month strong and look juiced to try for new highs despite election polls/odds
Looking for Bulls to re-claim their territory at 33655 will be holding this as a potential swing to 34225 for 560+pts this is a 10:1 Reward/Risk opportunity and as long as Fed Chair doesn't say something to screw up the markets we should remain bullish from here...
Dow Jones got heavily rejected on Resistance (1) and is pulling back to the MA50 (1d). The index is trading inside a double Channel Up pattern. The MA50 and MA200 (1d) each serve as a Support level and potential buy entry. The pattern so far is much alike the December 20th - January 20th fractal and that dipped much lower after its rejection. Trading Plan: 1. Buy...
Dow Jones is bullish on a 1D MACD Bullish Cross with all of its 1D technicals in deep green (RSI = 60.720, MACD = 99.160, ADX = 23.397). This short term bullish trend is almost the same as April's that was later rejected at the top of the long term Channel Up. Consequently, we are selling at the top, targeting the bottom (TP = 33,300) of an emerging Channel Up...
Dow Jones hit TP1 = 33,650 and is now going for our TP2 = 33,900 as per the trading plan we made last week (chart at the bottom). The 1D time frame finally turned (slightly) bullish (RSI = 51.712, MACD = -40.000, ADX = 28.963) for the first time since May 1st but today's pull back is testing the 1D MA50. If it holds, we expect to reach the 33,900 target that is...
Dow Jones is trading inside a Channel Down on currently red 1D technicals (RSI = 42.150, MACD = -137.170, ADX = 39.695). For the past week though it has been mostly sideways between the 1D MA50 and 1D MA200. Today the 1D MA200 held but that alone is not a buy signal. If it crosses and closes over the 1D MA50, we will target first the R1 (TP1 = 33,650) and then...
Dow Jones is rising after the sharp fall earlier today on a pattern that might be an emerging Channel Up. The 1hour RSI got massively oversold at 13.50. Buy if the price breaks over the Falling Resistance and target 34250. Sell if the price breaks under Support A and target 33235 (Support B). Previous chart: Follow us, like the idea and leave a comment below!!
Us30 is going to drop about -340 to -300 points today. approximately from 50% to -21% of yesterdays price displacement. Please give me a follow when this pans out correctly.
Cycle from 12.13.2022 high in Dow Futures (YM) is unfolding as a zigzag Elliott Wave structure. Down from 12.13.2022 high, wave A ended at 32686. Wave B rally ended at 34487 as the 90 minutes chart below shows. Internal subdivision of wave B unfolded as a zigzag structure in lesser degree. Up from wave A, wave ((a)) ended at 33663 and dips in wave ((b)) ended at...
The Dow Jones Index on the 1W chart technically got above the neutral point only last week (RSI = 59.193, MACD = 453.990, ADX = 36.049), which on the long-term (year to year basis) are levels the market deem good enough to buy. The price is establishing the 1W MA50 as its new long-term Support and if we draw the log Channel Up of Dow since the bottom of the 2008...
More down side move would be expected of CAPITALCOM:US30 . as per my analysis, DOW is consolidating for more down side. Next support for DOW Futures will be 27580. Note: This is my personal analysis, only for learning purpose.
CAPITALCOM:US30 Downside View My Entry point 31394 (714 Points) Target would be 30680 Stop loss : 31650 (256 Points) Note : This is my personal analysis, only for learning.
YM1 (DOW JONES FUTURE) will push higher to make a new high around 50% to 61%.
NFP unemployment 6.1% news comes very very bad , in comming week it will push down market,dow,dax,sp500 if you draw trend base FIBO extention(projection) on last N shape,you will see it reach level 161%(most important level on fibo extention) we advice for next 10 day =looking for sell but put SL=100point,if you eat 2-3 SL dont fear ,continiue looking for...
10.31.20 Comparing Expanding Triangles on the S&P and Dow Futures
Hello traders, The bulls have proven themselves dominant in this market. I have a previous analysis where I expect the Dow to reach as high as 30k, which is now a strong possibility. Today I'm expecting more bullish pressure on the Dow we we continue this V-Shape recovery of the stock market. We have a total of 6 confirmations for this trade, on top of the...
Looking for a pull back at this strong area of resistance. Overall the Dow is bullish. So long term investors, look out for another buy opportunity when the pull back occurs. Feel free to enter here with what ever stop loss you choose. I personally use 50 pips, but feel free to use 100.
Elliott Wave View of Dow Futures (YM) suggests the Index ended the cycle from June 15 low as wave ((3)) at 29180 high. Afterwards, Index did a pullback in wave ((4)) to correct against that cycle. The correction unfolded as a double three Elliott Wave Structure. Down from wave ((3)) high, wave A ended at 28052 low. The bounce in wave B ended at 28592 high. Index...