Jones
View On Dow Jones (18 Nov 2018) *UPside possibleView On Dow Jones On (18 Nov 2018)
I am not buying into "the market gonna crash" news.
Rather it found the support near 25,430 and it is primed to move upward.
There is some chance of the dropping as well but I reckon it shall go higher to the end of 2018.
Dows 26,000 will be the interim target for now.
Let'see.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Dow Jones Industrial Average (DJI) Price Prediction for 10/25/18I am predicting it will either go up or down by the date shown. I am more 90% confident that it will go upwards, but I included the decrease path just incase.
The indicators I used were:
1) Gann
2) Ichimoku
3) Lunar Cycles
4) Elliot Waves
5) Fibonacci
Thinking Fast and Slow: A Case for Dow Jones Industrial Index Hello traders.
Here my case for slow and fast moving trendlines.
Following a major drop the past few days on DJI we are looking at a very volatile market indeed.
I am not going to elaborate on why this happened and make sense of the 2000 point drop you can read all that on WSJ
Our job as traders is to find a direction that is consistent with our technical analysis and not speculate around causes and effects.
My approach is based around trend lines and act on projections around said trendlines highlighted as yellow arrows.
Position your trades accordingly.
Trade Safe, Trade Well
DOW JONES: DON'T PANIC!The week before last gave us a shooting star/doji. The following week resulted in a pull-back that has everyone scared.
For now, we held lower parallel support. However, I'm leaning on the prospect of more downside for now.
The markets are telling us something: there is clear concern over the mid-term elections. If Democrats win, I'm sure that would pour water on stock market fundamentals. The Democrats seem to be in a state of emotional meltdown. Any Democratic victory may render the United States uninvestable. As the crown jewel of American industry, the Dow Jones may enter a serious bear market.
However, I do not foresee that happening. I foresee a Trump victory - not only in the mid-terms, but for 2020.
So, stay with the trend. There will be an amazing buying opportunity soon. Should last week's low give way, it opens up the possibility of falling to the year's lows. Even better: we take out the February low WITHOUT closing below it, on a weekly or monthly basis, creating a severe snap-back rally. THAT would be an incredible trade.
I am bullish the Dow Jones long term. I am bullish the Dow Jones in the medium term. But bullishness must be fueled buy the consensus being on the wrong side. We MUST create the conditions that prompt the majority to believe that stocks will go down, in order to go up.
This could be a period of sideways consolidation, in a large range. Or it could mean a spike down that 'washes' everyone out, catching them flat-footed.
Such a move is possible. Was last week the spike? For now, I think not, as I believe the markets are awaiting confirmation in US politics in November.
I await a signal to enter a full position long. As long as we remain below the 25760 area (prior support turned resistance) on a closing basis, I will be taking short scalps, ready to roll into a long.
Dow Jones short approach #2My previous analysis aged well, as expected, we bounced for a pullback in the 25000's, I'm searching for an entry in zone 1 and 2, tiny stop loss because risky move, for big r/r. If the sell off continues , a very good TP would be around 24050-24100. What are your thoughts ?
11.1/1 R/r | The Big Short | 1D Bear Div | Evening Star doji 1DThe recent hike of the fed rates will eventually result in a large number of defaults which will cause for a collapse/ pullback / correction / whatever you want to call it.
1D Bear Price action & Bear div
Unsustainable parabolic uptrend
The band has stopped playing. Pull the plug
Get out of US Equities and hedge with BTC,
after all that's what it's made for.
Close short - 20201
Stop loss: 1.83%
Entry: 26 656
Risk/Reward ratio: 11
Happy trading
Dow Jones short entry ?Today DJIA made a new ATH, breaking the previews resistance but failed to stay above for now. Multiples bearish divergences, as you can see the last time we saw a divergence like this it was follow by a correction, the economics context isn't very good, and October isn't a good period in markets. So I think we could see an other correction in coming days. What are your thoughts ? Do you think DJIA is gonna make another ATH soon ? The only thing making me think the Dow can pursue his ride is that only two companies aren't performing GE and IBM, but I think 2/3 are overvalued.
Short Apple - Short US MarketI continue to say that the bull run in Apple will soon be finished. The divergence between the rising stock and the down trend in RSI is visible. The problem is that in Nasdaq and Dow Jones you can see the same thing. The economical cycle is almost finished. You can look at the indicators. They are all slowing:
United States ISM Purchasing Managers Index (PMI) - July: 58.1 - Estimate 59.5
United States ISM Non Manufacturing PMI - July: 55.7 - Estimate 58.6
United States Building Permits -July: 1.311 - Estimate 1.4
United States Consumer Sentiment - August: 95.3 - Estimate 98
United States New Home Sales -July: 627 - Estimate: 645
United States Existing Home Sales -July: 5.34 - Estimate 5.4
United States Durable Goods Orders - July: -1.7% - Estimate -0.5%
My view is that september will be a very big stress test for the US Market. The graphic of the Dow Jones index is very similar to the one in 1929...even the market sentiment is the same
China - US trade war, Trump's impeachment, inflation rising, FED's rising rates, North Korea etc --- anything can go wrong...and from that point, the market will start fearing and puking
DOW JONES - Bearish EWs count on 15 min and reduced liquidity.DOW JONES - Bearish EWs count on 15 min. selloff driven by the news on Cohen and Manafort - we may have seen a new source of volatility entering the US stock markets.
Global liquidity is shrinking and US market liquidity is being reduced by the Fed's rate hike and QT program.
Dow Jones: WARNING PART IIIn my previous post, I was short the DJIA, with the expectation of adding at down trending resistance. I did add, but was quickly stopped out.
Now price has broken ABOVE the resistance line, and I'm forced into a neutral position. This means I have no conviction either way, and any trades I take will be 1/3 of my full size.
I do not want to be one of these traders who perpetually tries to short US equities - which is exactly what has fueled the most hated rally in history. Yet, I maintain that this could be a FALSE BREAKOUT, and that significant downside remains a possibility. For that to happen, price would need to quickly reverse, fall back under the top side of the multi-month triangle, and stay below there.
Another possibility is that we see a choppy consolidation at these levels over the next few months, before simply rocketing higher. For the bullish case to be confirmed, I would still need to see a closing above the 25800 level to indicate strength.
For now I'm neutral, with a slight bearish leaning. My bearishness is colored by the action in S&P and the Nasdaq - updates coming soon.
I will take a small short position on a Monday rally, with a stop above last week's high. If price moves higher next week, I will wait for a clear pattern to emerge before acting.
Russell 2000 US Equities' Upside Leading Indicator says GO 7-3*I tried to draw trendlines on all the comparison symbols but TradingView just isn't having it. Sorry!*
Hello Friends, the Russell 2000 has begun a new uptrend after breaking its previous trend line and making a higher low and higher high. The rest of the US indices are in consolidation. If recent history is a guide, the Nasdaq, which may or may not be breaking out of the diamond formation it has constructed, should be the second mover. The S&P should follow and finally the Dow. Notice the Dow seems to be the leading decline indicator. Of the 4 I would personally rather trade the Russell or Nasdaq, after all, buy strength, sell weakness.
This 3rd is a holiday trading period. Furthermore, I do not know what affects the tariffs coming online Friday will have, but one would think this is priced in by now, although trade is obviously the story that has been roiling the markets. However, it appears to me things have gotten to the point where the market wants to climb and it is going to do so trade concerns regardless...probably as a result of the money flowing in every month? due to retirement investments and institutions. Anyway, prudence may decide waiting until after the fourth...but then once could say the same thing about the tariffs etc. When does it stop? The decisions we must make.