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DOW JONES about to complete a handle to new All Time HighDow Jones has bee forming peculiar Cup & Handle (C&H) patterns since June 2021. Every time the price broke above the Handle, new All Time High (ATH) followed. As you see DJI is right now on its 1D MA50 (blue trend-line) and about to break above the latest handle. If it breaks, the formation should target the 1.236 Fibonacci extension by mid March. The time-frame is such because the previous Higher High was formed halfway the red Ichimoku Cloud. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
ULong
by TradingShot
2
DOW JONES could enter an accumulation cylinder if the MA50 holdsEverything went according to plan since my last update on Dow Jones as we accurately caught the December 20 bottom and today the 37000 target has been almost hit, so it might be a could idea to book medium-term profits: I have to update our outlook now as a new pattern may emerge as per the late 2020 price action. That is an Accumulation Cylinder (as per Livermore's speculative model) that technically leads to a new High. The technical condition for this to arise is for the 1D MA50 to hold. In fact there are so far many similarities with November 09 2020, which was when the last Accumulation Cylinder took place: a) The price is near the 0.236 Fibonacci extension. It was at that level that the rise stopped, the price took a relief break but the 1D MA50 held and the cylinder started. b) The Ichimoku Cloud squeezed right before the Cylinder started. c) Both rises that preceded the Cylinder started on a 1D MA200 (orange trend-line) rebound d) Both were at the end of a long-term Channel Up. e) The sequence that completed the Channel Up and started the Cylinder was a Zig Zag Higher Highs/ Higher Lows displayed by the bold black arrow. On the other hand, if the 1D MA50 fails, we should most likely see an extension of the Channel Up. In that case Dow should hit at least the 1D MA200. Basically the most optimal buy entry in the past 6 months within the Channel Up has been the 1D RSI's Buy Zone (green zone). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
4
Bearish DIv on the DJIThe market is extremely overheated, overbought, and is reaching a peak. US equities have been going up since March '20 and some traders are worried about a looming depression. The concern is valid. The government keeps printing money, spending money, raising the debt ceiling, COVID is STILL spreading, CDC changing guidance, tapering, interest rates, etc! YA-da-ya-da. IT feels like there are so many moving parts - how do you make sense of them? You just look at the charts and cut out the noise! After further review, the stock market is going to crash, it is just a matter of when and why. I believe the catalyst will be a news event that causes a massive sell-off, then, a dead cat bounce, followed by risk off event that sends US equities in a multiyear depression. Looking at the yearly chart of the $DJI from 1987-2021. There is massive bearish divergence there. There is even bearish divergence from '87-'21 on the RSI! EVERYTHING is overbought. COVID accelerated the transition to digitization and increased people's dependence on the internet. People are saving way more now too which is why the velocity of money has decreased... people are buying assets, houses, gold, and bitcoin. People are waking up and realizing that the US government has been debasing our currency since 1970. And they will continue to do so! People want to own assets, people want to save, people want to be protected from inflation. Robinhood helped democratize trading and access to the stock market and retail has played an increasingly important role in the market. I believe the market is set to crash next summer and that there will be a multiyear depression. Hyperinflation or stagflation seem to be the most likely scenarios as well. Runaway inflation will be the story. Biden's administration will be the scapegoat. Because let's be honest, every president is only concerned about one thing: getting RE-ELECTED. They don't care how much money they have to print, how much money they have to raise or how much debt they have to finance. Every politician, from Reagan, to Bush, to Obama to Biden, has continued to destroy the US currency. It will be no different with next president we "elect". In other words, Biden's administration is scapegoat for all of Washington and every state actor who has a role in fiscal and monetary policy. The market is overvalued, propped up by fear and a QE, and is facing a whirlwind of negatives to start 2022. The companies that survive this multiyear depression, will come out twice as strong. HODL. Buy Bitcoin. Best of Luck,
TVC:DJI
by TheJonesPortfolio-100T
5
Dow Jones │ 06-12-2021Dow Jones Industrial Average Index Is on Bearish Trend Date:- 06-12-2021 Bearish :- Short-Selling { Negative } Pattern :- Still Practicing Dow Jones :- ( 15 ~ ) Points ( Sideways Closing ) Dow Jones :- T.C.A ( 34564~ ) Levels STOP-LOSS :- Uses Your Own Stop-Loss Quantum Physics Researcher :- Jeevan Singh T.C.A Created Using With HPC ( High performance Computing ) Guys This is R&D ( Research And Development ) Purpose Only. I am Not Responsible If your Stop-Loss Hit And! I am Also Not Responsible If Regulator Call Me Manipulator. Thank You For Making Trust And Don't Forget To Support Me!
TVC:DJIShort
by TRUECOSMOS
DJI Short of the century v2Short term expanding wedge above larger expanding wedge. With high inflation data in US and possible interest rate rises, outlook and chart ripe for a short. Confirmation over next few days, depending on sell volumes/news/interest rates etc etc. DJI will likely retest and bounce/false breakout trend lines, be patient! Short term short: SL: 36670 Entry: ~36090 TP1: 35630 TP2: 34794 TP3: 33934 Long term short: SL: 33513 Entry: ~32868 TP1: 29620 TP2: 26187 TP3: 19588
TVC:DJIShort
by Cranka
3
DIA (dow jones etf) - Support, Resistance, Trend - October 2021Dow Jones Index ETF has been in a daily downtrend since September 2021. DIA price is currently above trendline resistance. -Bullish scenario: price breaks and holds above $350 to $354. -Bearish scenario: price falls below $344 to $338. Resistance(s): $350, $352, $354, $355, $357, $359. Support(s): $346, $344, $339, $335, $333, $331. Q3 2021 earnings season is starting, and will likely be the catalyst for price volatility this month.
AMEX:DIA
by NoFomoCharts
Dow Jones - DJI - Check yourself before you REKT yourself! lolDow Jones - DJI - Reality Check: Sometimes we have to accept that the market is doing what it wants to do and not what we want it to do. Overall, the Dow has lost upward momentum(Technical Facts). The Dow has not been able to reach or break the $36,000 level in the last 5 months. At this point the Dow needs a boost in order to regain momentum. Maybe the Debt Ceiling or Bills in Congress will give the Dow a boost. If not, we have to accept what the market is showing us. At this point, we have to precisely pick the stock winners and losers or just wait in cash or crypto until the dust settles and then pounce. Otherwise, we are going to feel like a genius for picking a bottom or we will be biting our nails while we are in drawdown. Long term investors with deep pockets(lots of dry powder) can continue to increase their positions in a downturn because they have a 3, 5 or 10 year outlook. Riddle: Do we want to call the bottom or just catch the trend when it is established, Up or Down?
TVC:DJI
by PortfolioBuildersClub
1
DIA (Dow Jones Index ETF) - Support, Resistance, Trend -09/05/21DIA (Dow Jones Index ETF) has been uptrending in 2021, on daily and weekly charts. However, price is currently consolidating between $352.18 and $355.83. Bullish scenario: -DIA price breaks up above resistance to establish a higher-high. -Resistance levels: $355.83, $358.07, $361.59. Bearish scenario: -DIA price pulls back down to test support levels below. -Support levels: $352.14, $348.46, $346.17. Note: To maintain a weekly uptrend, DIA price needs to close and hold above $346.17.
AMEX:DIA
by NoFomoCharts