$DOWI US30 Has An Important Level This Week - Mind The GapsTraders, DOWI (Dow Jones) pushed really nicely after a good correction. Now like all indices worldwide this is also looking over stretched and has started to go side ways on higher time frames. The current weekly price action has been very strong. The current weekly candle is very strong and next week it is expected to have a bull candle too but we must wait and see how it reacts around the important level 35576/80. A weekly close very close or slightly lower than this level can increase the possibility of US30 falling lower next week. This is because of a completion of a smaller time frame M pattern.
This important level can also lead to Head And Shoulders pattern.
There are gaps available on both sides. This market has been filling all gaps to the upside and few on the the downside. The current weekly candle left a good gap at the bottom so any push to the downside may increase the chances of filling of that gap. There are 4 gaps available on the upside too. 2 of them are nearly at all time high.
So this market us stuck between 2 opportunities. My bias is bearish but I must trade I see with confirmations and tight risk & trade management.
Trade what you see and keep the risk management tight.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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-Vik
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DOW Industrials (DOWI)
daily analysis of AT&T INCHi friends
I present to you a daily analysis of a very important market and as you see the graph shows that this market will know with a very high probability a downward trend with the vigilance of return
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DOW JONES LONG & SHORTExpecting a new record high for major equity markets(DJI , SPX , etc.) till september-october '19.
After that another deep correction may follow that highs before the new economic expansion phase.
I believe the worst is already behind , bottom was formed in 2018.
TP for Longs : 28.000-29.000
Correction Deep Target : 23.000-24.000
Good Luck.
DOOM For The DOWAs we have been rejected at 26000, media remains optimistic as we approach another major selloff with ongoing trade talks with china and the ever changing FED rate news it is clear we have topped out with this dead cat bounce and will retrace down following the resistance.
WEEKEND REVIEW: S&P500 looks set to crash UP, be careful bears!Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
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short Ym all the way to 24607the Ym is pulling back from todays hi, it will pullback all the way to 2407 after that i will look to enter long all the way to the 38 fib. retracement from feb huge drop.
4/01/2018 DOW Analysis" The Dow industrials broke above the 25,000 level for the first time on Thursday " www.reuters.com
$DOWI 2.62 Fib ext and channel resistance $DOWI 2.62 Fib ext and channel resistance. RSI MACD extreme reading along with SKEW. Short buildup likely
$DJI hitting massive technical levels$DJI hitting massive technical levels . BOth Medium term and short term resi lines have been hit now. The ascent on the back of tax rate cut started in Nov 16 and now mkts are up 4000 points from pre trump ATH. At the least a corection to key 200 MA should unfold before Santa rally season in late nov-Dec comes in play
DOWI since the1920's: More food for thought.Center line of two long term channels at same location: our current price. Feedback welcome.
Significant top for SPX. Time to shortWe've reached significant top for SPX. I will like to drop to 2200s and the continuation should last for months Imo.
Stock markets and gold. Buy gold short markets IMOA lot of moving components and policies that were implemented in the past is leading to markets crash near term IMO. There are reasons for everything. Gold is relatively cheap right now compare to what will happen next IMO.
Outlook for tomorrowToday's price is as if tomorrow's NFP is priced in. We should see a substantial sell off tomorrow. Either it breakup above today's close or close where I point the arrow. Thanks for the view. Feel free to comment.
could this be the top?we have a serious Fib resistance at 2420. This chart kind of make sense to me. I think we are due for a big pullback.
Dow index forecast: new high is coming after this pattern.Flat pattern is expected to end the correction of wave 4, then there is a new high is coming.
Good luck,
Topping in my opinion. Very limited upside and very large downside. Not worth the risk to buy right now as stocks are overly valued to a level seen prior to 2008 crash.
SHORT.600% run from 2008 crash due to QE. 38.2% FIB retracement pointing towards below 700. Strong Short in my opinion.
SELL IMOGiving the semi conductor index is overly bought and due for a big correction. I think this is where AMKR is heading.
