Dowjonesshort
Dow Johns Sell advice on Divergence Dow Johns Trading around 20750 where its high 20810 if its hold below 20850 we can see a correction toward 20400-20200.
Where we can see Divergence in RSI also. Its giving more Strong sign for sell.
Advice sell in range of 20750-20830 SL above 20900 TP1 20400- TP2 20200
Update on Dow Jones: expect correction lowerThis is an update on this earlier forecast from 28-01-2017:
We have seen a retrace below the 19925 followed by a surge up to 20250 as predicted.
See snapshot below:
It looks like the Dow Jones is topping.
Notice how (on balance) volume and price start to diverge. This is a clear sign of weakness.
The previous analysis is still valid: Expect a notable correction in the days ahead. First target is 19275.
Forecast Dow Jones: Move up to 20250, then major move downForecast Dow Jones for next few months: Small retrace, then move up to 20250 (162 Fib level), then swift move down.
Move up should happen between now and mid March.
This is the first time i analyse DJIA, so don't hold your breath ;]
DOW MINI Future @ 60 min Chart @ How 2 Trade BlackFriday & laterAbove 18919 still short-term upside trend
purple upside trendline (from 11/11 18683 & 11/15 18754)
purple sideway trendline (from 11/14 18919)
I would still prefer to trade the long side, after Trump election (zoom back @ chart)
19020 Points are a good entry capability, if the prices are comming back
19012 Points are a good entry capability, if the prices are comming back
19002 Points are a good entry capability, if the prices are comming back
18988 Points are a good entry capability, if the prices are comming back
18980 Points are a good entry capability, if the prices are comming back
18919 Points are a good entry capability, if the prices are comming back
How ever,
in my opinion are the 18919 Points important, if you`re an technical trader,
cause pirces above - which story ever the market is driving actuallity - suggesting an intact upside trend ...
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
E-MINI DOW JONES @ 60 min. @ slightly optimistic upside trendFrom the technical point of view, the E-MINI DOW JONES FUTURE is in an intact slightly optimistic upside trend.
I am pretty kosher bullish and would prefere to buy back above 19000 - even between 19150 & 19100 ...
I don`t think that US Labour Data or even FED Chair Woman Yellen will stop this trend !?
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
DOW JONES @ Daily @ Basic Scenario 2016 (Brexodus & Trump)Basic Numbers
18172.87 @ 1st Basic Yearly High 2016 before BREXODUS
18629.96 @ 1st High before Back 2 School Season & President Election
18674.74 @ 2nd High before Back 2 School Season & President Election
The Market breakedUp @ no questions :) but i am still not blindly optimistic
- `cause the unpredictabble noises around our new president Trump are too loud ...
How ever, volatility is garanteed, so i wouldn`t be surprised if the Market comes back until 18629.96 & 18674.74. And a fall until 18172.87 (even until 1st Basic Yearly High 2016 before BREXODUS) - inlusive a turnaround above - would only create an evidence of the long-term Bull market which we`re trading now.
long-term Bull Market > 18172.87
mid-term Bull Market > 18629.96 & 18674.74
I am excepting a trading range beetwen 18600 & 19000 while this week and next weeks.
After we could rise, if no politic impacts bites the markets, until 20000 Points - into 2017 !?
Even when our new president Trump will take over the White House offically (21st january) with his team ...
Take care
& analyzed it again
- it`s always your choice ...
Best regards
4XSetUps
Longer Term Outlook on the DOW 30Market should be ripe for a long pull trade come July IMO.
Set those stop and let 'er rip.
DOW JONES SHORT: Monthly Divergence, Fed HikeThe Dow reached as low as 17905 earlier in the day, but has since recovered somewhat to 18150.
Technically: The Dow is due for a large correction to the downside. There is strong divergence on the monthly chart towards 18500. The target would be the missed monthly pivot at 16300.
Fundamentally: US stocks are due for a correction to the downside, because the Fed will hike at least once this year. If they do not hike in September, this will be an opportunity to add to short positions through the election.
I am short on the Dow from 18500, and added on the pullback to 18150. This index should reach 16300 given enough time, as the Fed has to hike sooner rather than later if it wants its credibility to remain intact.
Dow Jones Moving in Range of 1000s of Pts: Pssblty for Drop!After failing to breakout and continue higher, the Dow Jones seems to resume its current behavior: moving straight down after having moved straight up. On the monthly this market is trading right inside of the balance zone, now we might see a simple continuation of this correction by a heavy drop down, just like we saw it twice already.
