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Dowjonesindustrial

DJI: Trump's Covid-19 Case - A Historical ComparisonIn this analysis I'll be shedding light on my own theory on: - How President Trump's Covid-19 Positive news may impact the market - Similarities and differences in historic cases - Why Trump possibly announced his testing positive so quickly Trump's Testing Positive - Trump testing positive for Covid-19, 4 weeks before the presidential elections, is not good news - Especially considering that the current market is momentum driven, such bad news is good enough to scare new investors from pouring money into the market We can see a similar case where the president's medical condition negatively impacted the market Historic case - President Eisenhower suffered a heart attack in September 25, 1955. - Before this incident, the stock market was at an unprecedented bullish rally - Immediately after news was released that he was hospitalized, the market fell by 6%, leading to $14 billion instantly vanishing - Eisenhower recovered, and it was later announced that his condition was not serious - Eventually, the market bounced, and continued to rally upwards - President Trump also announced his testing positive for Covid-19 a few hours ago - Just as Eisenhower's case, the stock market is in an uptrend, with significant bullish momentum - The market is correcting, due to bad news, but not as significantly as that of the past - Just as Eisenhower, considering the fact that Trump will be taken care of seriously, it's most likely that he will recover from the virus - As such, it's reasonable to expect that the market will continue to rally upwards - However, it's also important to consider that market situations are not the same as the past - For more in-depth explanation on what makes today's market special, check out my previous analysis below: Why did Trump announce his condition? - This is an important question to ask, as Trump announced his testing positive for Covid via twitter - Trump is arguably the most powerful person in the world. He could have concealed his condition if he really wanted to, and later justify it as "classified information" - What could have been Trump's intentions behind this? - In the case of the Prime Minister of the UK, Boris Johnson, his support rate was at 48% prior to him testing positive - After he got the virus, there was a sentiment of sympathy among the general public, leading to his support rate skyrocketing to 72%, an all time high support rate ever since Tony Blair - Given this case, and the fact that the presidential elections will be held in 4 weeks, Trump could have been targeting this sympathetic sentiment among the general public - It's also highly likely that Trump recovers quickly, with the best medical staff from the country treating him - As such, he will be qualified to talk about the issue (as someone who has caught the virus), and suggest that he's the only one capable of solving the problem. Conclusion As past cases demonstrate, problems regarding the President's medical condition is never good for the market. However, given that the president recovers quickly, this could end up being a 'buy the dip' opportunity. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
TVC:DJIEducation
by Michael_Wang_Official
79
US30 is trading in rising channel Another sell off is coming📍 Dow jones industrial average is comprises of 30 TECH stocks. US30 is traded 2020 yearly high around 29600 which is also a February high. After the long upward rally from 2016 until 2020 February it has moved up gradually. And there is no major drop one like happened in 2008 financial collapse 📍 Due the COVID-19 breakout in the USA the economic is came to standstill and lockdown measures area taken this causes Tech companies faced major blow. And the market is sell off until march 23. After that US30 has gained back most of the earlier loses incurred during the initial period of Pandemic situation. And reached almost 2900.00 level 📍 Currently US30 is trading in a upward channel which is called as rising channel and it has reached the slow down phase. We may expect a brief breakdown of this indices 📍 In longer timeframe it hasn't reached the 23.6% Fibonacci retracement level which is comes around 26900. This level will act as resistance for the bear 📍 The price is currently trading nearby the August low level-27200. 50 Exponential moving average is still holding this pair from May-14 if the 50EMA level broken then 200,100 EMA will act as resistance comes around 26400 📍 On Ichimoku cloud the middle line is acting as support for the bearish trend and the Cloud is gradually fading towards red zone 📍 The swing target would be around 23900 which is comes around 50% Fibonacci retracement level 📍 On Elliot wave theory the Major 5th wave is completed and the minor correction waves are currently forming. Within wave 4-5 we can see minor waves from 01-05 📍 RSI is went below the 50 mark and in MACD it has turned red and the oscillators are pointing towards south In H4 timeframe we can see a downward falling channel with series of HH LL LH and the price felled below the 50% Fibonacci level. Strong bearish engulfing candle is formed on August 07 after that the price stared to fell Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
UShort
by forexorbit
DOW Jones, a short term opportunity🦐 DOW on the 4h chart has tested 4 times the support structure at the 27550 zone. The market is moving inside a channel and now found resistance on a minor structure. IF the price will break above the structure we can set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
FOREXCOM:US30Long
by InkyGrip
11