Dowjonesindustrial
Historical Analysis of the DIAHistorical Analysis and Monthly Chart :
The DIA showing Strong Major Bull Trednd with serveral interaction with the Return Line (RL).
Note the Pick in Momentum since February 2016 (or B3), the next Major bottom made above the Major Trend Line (MUT), and therfore showing the failure of the Bears to take the price downward.
But, we dont see strong sign of buyers either.
The DIA is inside big Consolidation that lasted for almost 2 years (since Oct 17).
Weekly Chart :
The Resistance Area between 265.88 - 267.53 Established in Jan 2018, the second attempt to go above that level accured 1 year ago (Sep 2018) and the reaction was very violent and took the price to far down levels.
Since then the price hit the Resistance Area 3 Times :
1) April 2019 - the price got into resistance reaction and made New High Bottom.
2) June 2019 - the price go through the Resistance Area, Failed to continue, and made new higher bottom bellow that level.
3) September 2019 (these days) - the price close above the area last week, but with relatively low volume.
We need to keep an eye on the price this week and look for the power of the buyers, how far they can take the price up (if any).
Notice also the Volume Activity in the Consolidation Area - Pickup on down moves, and diminsh on the Rallies - weakness .
Daily Chart :
The Daily chart does not give us alot of new information.
But we can see the Trading Zone (sort of Rectangle), and the price movement above it.
The Minor picture is Bullish.
Conclusion :
Since B4, the overall picture looks positive.
But the Key for understanding the coming moves relly on the reaction to the Resistance Area, and the examination of the Bulls Power.
Any High Volume Bullish Activity above the Resistance Area, can take us again to the Return Line (RL).
If we will see Second Failure on the Resistance Zone,we need to examine the power of the Beats, and the next areas to look for are the bottom of the trading zone, and B4.1.
If the Bears will act Aggresivley and take the price bellow B4.1, the picture is very negative and the next level is the MUT.
DOW to crash soon? $25,400 and then $22,200Is it possible that we have topped out on the DOW and that a we will see a retracement soon back to $25,400 or so? Assuming we do make a drop, I have posed a possible scenario in which a head and shoulders would then form and take us back down to $22,200
$DJI Bear Flag Forming on the 1 Day Chart- Massive Recession?See more at cryptoplanet.cash
join our telegram: bit.ly
follow on Instagram: www.instagram.com
DJI Fractal AnalysisHey there guys,
Time for Mr. Downy (#DowJones) to be analyzed. As most of my charts, i start with detecting fractals and drawing Fibonacci Retracement. So in this case, in one month time frame it's quite easy to read and pretty obvious. Now the thing is that if the market follows the track.
So here we start another analysis. Just an idea as usual. I've been studying this one for months so ill try to keep update as usual in less time frames. ill draw channels, patterns, chuvashov fork, etc. Everything that is needed to study this special chart to keep the track cause this one moves the economy big time every time it goes down, so even if it change the fractal that i already drew, ill try to keep you updated.
Hope you find it interesting and you are as usual welcome to comment.
Note: This are my personal interpretations and case studies, and are not financial advice! Use it as your own risk!
Don't forget to check my instagram:
www.instagram.com
Peace out!
Charter X
Dow Jones Industrial Average DJIA possible SHORT (cont.)Possible continuation pattern forming, not perfect but could be considered a BEARISH CYPHER if trend continues to target on the short term.
Makes sense to have a small bull trap on the way down, something to keep your eyes on in any case.
USA SHORT TMF + ETFS that i have looked into.
BBUS QQQ QID
DYOR
CYPHER TARGETS ARE THE 618 and 100% retracements of leg C - D but I believe a roll over and further downtrend will continue
not a financial advisor
DOW looking bearishI assume based on Dows failure to rally, perhaps this is a sign that market wants to turn around
At each test of resistance, after dropping more than 500 points, the market has continued to push bearish as well as the Divergence also validating the direction.
Dow Jones / Gold Ratio Support Line BreaksThe last time this occurred a new bull market in Gold began. The movement in Gold in the last couple of months confirms this breakout.
The Fake Trump Economy 2019/20, SPX,DOW short scenario.We have a nice opportunity to sell SPX and DOW in the next Months. WHY?
FED will let rates at the current position, because NFPs are well good, semms so... :D
Gold still rising, Oil is wage.
Problems with trade negotiations with Europe and China, here don't forget the Brexit, its still there.
Overbought indicators on SPX and DOW.
Tripple Top formation with possible huge breakout like 2000 or 2008.
Ans so on...
What speaks for a coming crash?
-Overbought formation since the year 2000.
-State dept of the US is enormous, even here the US is still in a recession.
-Even China own the whole US in Bonds, think of that. :D
-Word economy is still damaged at this point, even if we get an trade deal.
And, what Donald did the most in his being? He failed, even if it fits on economy.
Stay prepared for the next big short.
Parallel channel breaking out. DJIA heading towards 30kFlag pattern in the making on the short term charts! going forward we should see levels of 30,000 soon!
rising channel breakout height about 3000 odd points..
DJIA HIGH P/E READY TO FALL OUT OF BROADENING TOP - SHORT ITThe Dow Jones Industrial Average DJIA is selling for a P/E of 19.3. This is quite high historically. Everyone is buying the hype of lower interest rates boosting stocks. Well, in 2000 and 2007 rates were falling with a falling stock market. Cutting rates is a sign somethings wrong. Anyway, the first rate cut scenario is factored in by now, I don't expect a boom after the cut. Rather it is a situation of buy the rumour, sell the fact. Look at Coke KO, a Dow Industrial. It's earnings and sales have gone nowhere and down over the last 5 years, yet, it's selling for an outrageous P/E of 36. The DJIA and S&P500 are hitting all time highs, a real danger in my opinion. I can see a correction coming, how severe I'm not sure. But, for those adventurous you could short sell the DJIA and S&P500 or SPY. I think a 10% fall is going to happen, possibly more. This will probably happen in sync with the decline in bitcoin and ether. Many assets are overvalued now, cutting rates to prop it all up is not going to work.
The RSI, ROC and stochastic are all measuring overbought. A sign of the decline to come.
GOLD ans SPYCheck out this post also, this information is interesting. Thanks for your support and drive to succeed!
mymillennialinvestor.wordpress.com
US30 Dow Jones Re-testPossible retest to 27,000 ish area . Fib retrace to possible 50% or 61.8; retest of trendline. Descending channel
This is for demonstration and educational purposes only. Trade at your own risk. This pair is very very volalite. Join my team and engage with a community of traders, get 24/7 support, and an educational platform to teach you how to trade. Inbox me for more information. Also please feel free to like and comment. Also see my links below to follow me on Facebook and Instagram.
Daily DJI Dowjones index forecast analysis08-JUL
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Rising section of high profit & low risk
S&D strength Trend: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening selling flow when stock market opening.
READ MORE: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: -0.1% (HIGH) ~ -0.5% (LOW), -0.3% (CLOSE)
%AVG in case of rising: 0.8% (HIGH) ~ -0.2% (LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.2% (HIGH) ~ -0.7% (LOW), -0.3% (CLOSE)
The DJI is Going To Make a Move SoonThe DJI has formed an Inverse Head and Shoulders Pattern, a break above the neckline will signify a pretty big move to the upside. However, it also is showing a Bearish Divergence on the RSI. If we fail to breakout, I believe we could see a sharp move down. It is also interesting to see Gold breakout recently, proceed with caution.
Dow Jones Industrial Knocking on Heavens DoorAre we breaking into heaven on the 3rd, 4th or at last on the 5th knock?
Elliott Wave View: Dow Jones Futures (YM_F) Has Resumed HigherDow Jones Futures (YM_F) broke above June 10 high (26289) suggesting that the next leg higher has started. The Index is now showing an incomplete sequence from June 3 low (24610), favoring further upside. Short term Elliott Wave view calls the rally to 26289 on June 10 as wave 1 and pullback to 25898 as wave 2. This indicates that the entire rally from June 3 low is unfolding as an impulse Elliott Wave structure. Wave 2 unfolded as a double zigzag where wave ((w)) ended at 26050, wave ((x)) ended at 26261, and wave ((y)) of 2 ended at 25898.
Wave 3 is currently in progress and subdivides as an impulse in lesser degree. Up from wave 2 low at 25898, wave (i) ended at 26153 and wave (ii) ended at 26001. Expect the Index to see a few more highs to end 5 waves up from 25898 low. This 5 waves up will end wave ((i)) of 3. Index should then pullback in wave ((ii)) to correct cycle from June 13 low before the rally resumes. We do not like selling the Index and expect buyers to appear as dips continue to hold above 25898 in 3, 7, or 11 swing
DOW/DJI Market Analysis - Entering Consolidation PeriodDOW/DJI graph looks like it's in consolidation.The blue lines (solid and dotted) represent areas where I expect the price to go up/down to. They are the support and resist.
The green circle represents a period of time where I think the consolidation will come to an end.
What is consolidation? It's when the market is undecided if it will go up or down.
What happens when the consolidation comes to and end? We will see a move that will "break" the blue lines and head up or down.
The way current conditions are, this consolidation period will come to and end between January 2020 and May 2021. We could then see a crash or break-out. The move up or down, when we come out of consolidation, might be slow as well.
The lowest the price will go (before the end of consolidation) is around 22000, the highest around 26500.
This is not financial advice. Remember that everything is dynamic and up to interpretation of the trader and the tools they use. I will keep updating this graph every so often as conditions change.
Elliott Wave View: Dow Jones Futures Correction to Find BuyersElliott wave view in Dow Jones Futures (YM_F) suggests that the decline to 24604 ended wave ((W)) on June 3. This decline ended the cycle from May 1 high as a 3 waves zigzag Elliott Wave structure. Wave ((X)) bounce is currently in progress to correct the cycle from May 1 high in 3, 7, or 11 swing. The internal of wave ((X)) rally is unfolding as a zigzag Elliott Wave structure. A zigzag is an ABC with 5-3-5 structure. Wave (A) of ((X)) is now in progress as a 5 waves impulse.
Up from 24604, wave 1 ended at 24938 and wave 2 pullback ended at 24684. Rally then resumes in wave 3 to 26085, wave 4 ended at 25974, and wave 5 ended at 26289. The 5 waves move higher ended wave (A) of higher degree. Short term, Index is in wave B pullback to correct cycle from June 3 low (24604) in 3, 7, or 11 swing before turning higher again in wave (C). We don’t like selling the Index. As the rally from June 3 low is impulsive, expect wave (B) pullback to hold above 24604 for at least 1 more push higher in wave (C).
I advise caution...Many believe that we are going to test the highs of 26,700, and that may happen based off the momentum we gathered from the recent rally, but I don't like the smaller (grey) fractal you can see inside the larger (white).
Head and Shoulders is still in play IMO.
The weekly and daily RSI's are both showing divergence.
I think 3rd quarter is going to be nasty.
DOW JONES Buy signal on break out and pull backPattern: Descending Head and Shoulders on 1W.
Signal: Bullish above the Lower High trend line and within 24700 - 25200. Supporting: thr 0.382 Fibonacci and RSI at 30.
Target: 26700 (1W Resistance).
