APOXYLYPSE - NOW!I review some price action and patterns in the DJI on the 6H time frame. This is just under the hood of the daily time frame. The picture is not good for the bulls.
Wallstreet
US30 Dow Jones short - monthly, weekly levelsHello Traders !
I would like to give you my view of the US30 on the monthly view. We are currently at a weekly level and from here we got see the price going up but also going down. For me it looks like the price will move more down. We are moving down from a weekly/monthly Supply Level. The monthly Demand level would be a possible target.
That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions.
Thank you and we will see next time
- Darius.
WALL STREET (DJI)- VIRAL WINTER IS UPON US! 😨I issue a stern warning to permabulls who are on DJI! Your time is over.
The chart shows possible further break down of price.
For probably the first time in history markets are suffering supply-demand shock. That means most things that are manufactured will be in short supply and low demand. This is due to:
1. lockdowns of consumers across the whole world,
2. restricted transportation,
3. serious interruption of supply chains,
The economic impact is severe. Travel and leisure industries have been hit hard. Airlines are about to go bankrupt, automobiles sales have been damaged, there is significantly lower demand for energy (oil, gas), medical equipment and supplies for hospitals have been affected. Food supplies are running low.
The COVID-19 is has effected a VIRAL WINTER upon the whole planet. This is analogous to a 'nuclear winter' (without radiation fallout of course).
The world is 'freezing up'. It will take a long time to unfreeze. Economies of many countries are being severely damaged.
The Federal Reserve in the USA and umpteen central banks have coordinated to make monetary and fiscal interventions; throwing trillions of dollars at 'the viral effects'. This will not unfreeze the supply-demand conundrum. It simply cannot. How? Because the problem relies on real people and movement of goods, services and international trade. The USA-China trade deal is basically on hold.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
S&P500 Buy SignalPattern: Channel Down on 1H.
Signal: Bullish as the price made a Triple Bottom and Lower Low on the Channel Down.
Target: 2600 (+10% rise as per the previous Lower Low).
Buy opportunity on NASFed is supporting the stock market as much as possible, in this virus spreading a hard time.
I present my 2 possible entry to buy NAS100. Hope things will get better eventually.
Making the most of LIMIT UP for ProfitLimit up acts as a guaranteed stop, this early in the trading day it is likely that it will pull back - especially as it follows DAX.
I traded a small amount (£100 per point) when it pulled back and bounced, perfect time to sell into the bounce, hold, and achieved 1000 points in around 90 minutes just before it turned negative.
The DOW was limit up throughout Asian session, so there is some positive sentiment - probably following the massive decline yesterday.
I have closed the position with 1000 points profit. I am expecting a slight bounce before possibly heading lower. I don't see it going back to limit up before the open.
WallStTraderandCoach - 5+ years of trading my OWN money in the DJI, Always use a stop loss, Always put my own money behind my trades. Turned 10k into 1M + in my first year. Strategy is one thing, you need to change your frame of mind if you want to be successful.
Short Term WALL ST (US30)RSI indicating overbought, CCI not there yet so still room to move higher, has rallied 1100 points from open so may have run out of steam short term, pull back good for 200 - 600 points then take profit.
WallStTraderandCoach - 10k to 1M + in first year - REAL MONEY - 5+ years of day trading just Wall st . Coaching and mentoring in high demand.
ALWAYS put my own money behind EVERY trade, NOT testing theory. 73% Win rate.
Stop loss ALWAYS twice the VIX .
GOLD, RECESSION AND DJIHave a look-listen. I explore what happened with Gold in relation to the DJI going back to 2008-2009. Then I'm back up to 2020.
BEAR Momentum | GBPAUDWeekly - We notice a major exhaustion which mean the market is ready for the downside
Daily - Major Support ans Resistance is set with the market testing the Major Resistance and also made its High after the huge exhaustion with a bearish candle
4HR - The market created a major Resistance which is a Double Top, but on 1Hr we see it test that resistance 3 times. This rejection is a confirmation that the market cant break the resistance after the major exhaustion.
How to ente r - We look for a retrace and enter with Price Action using candle stick analysis or retracements
BEAR Momentum | GBPNZDWeekly - We see a huge exhaustion which means an Impulse buyers were too weak so sellers push the momentum down
Daily - There was a major consolidation before breaking out with a bearish candle after a false breakout candle
4Hr - Market makes LH's with a breakout of the Major support
How to enter - We look for retracement on the Major support broken to catch a sell to the downside (Major move)
Dow to drop another 5000 points?!!With all the terrible news in Italy and the UK looking set to move phase 2 soon and start shutting down schools and all large public gatherings (clubs, gyms etc will be next same as Italy) within the next couple of weeks, the flag extension of 5000 points to the downside looks a really possibility. The 200 week MA is 3000 points lower that seems a likely target in the first instance.
I think we will see a run on the supermarkets, most people off work and serious economic problems.
SPY still isn't looking strong. SPY Fundamental AnalysisThis fundamental analysis is very speculative, please do your own research before shorting/going long.
So as we can see, nothing looks good right now, oil prices are scary, coronavirus still isn't over, and the political situation isn't too great right now with the Turkey conflict in Europe. NY declared a state of emergency, which is obviously where NYSE and Wall Street are based.
We'll see what happens, but this could be one of the worst days for the stock market. I think it is unlikely that we will see many buying the dip, as everything looks grim right now.
Thanks for reading, leave your opinions below.
BLACK MONDAY LOOMS (AGAIN) 😲👊I can't find a spot of good news over this weekend - or one that would make a sound difference to economies (on a longer term basis). I'm expecting (not predicting) panic on Monday/Tuesday. The markets are NOT economies. They represent confidence in economies - similar to bond markets.
Seriously - it's almost all bad news out there - and the algos will be expected to pick all this up and make 'decisions':
Wall Street collapsed ~700 pts on the weekend (unheard of before). Then a slight rebellion north by 125pts.
Cases surpass 105,000 worldwide; deaths exceed 3,500. The number of deaths from the coronavirus outside China edged toward 500, pushing governments and airlines to curtail travel to and from heavily affected areas.
China death toll rises to 3,097.
Italy curbs travel for northern region around Milan as death toll climbs by 33 overnight to 233. 16 million people locked down!
CPAC attendee was infected; Trump had no contact. Trump said he intends to continue holding large campaign
U.S. tests fewer than 6,000 samples.
London Heathrow Baggage Handlers Test Positive for Virus
The International Air Transport Association warned this week that carriers may lose $113 billion in sales this year, almost four times more than its estimate of the epidemic’s impact from just two weeks earlier.
Saudi Arabia plans to increase oil output next month to well above 10 million barrels a day, as the kingdom responds to the collapse of its OPEC+ alliance with Russia. Commodities traders see this as all out 'price-war' in the face of a simultaneous supply-and-demand shock.(The virus had caused reduced demand for oil and price to fall. There was some talk about limiting production/supply of oil in response. Now the opposite seems to be happening).
US walking into a recession at 'peak performance' - jobs report.
I also expect even higher volatility - which is what all sound traders lurve!! But gamblers also like volatility - so to gamblers I say, " Expect to lose more money than you make! "
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Estimates of probability in one direction leaves a residual probability in the opposite direction. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself .
DJI (Wall Street) - key position to watchIf this bull market collapses, those short-sellers who are in profit would need to be prepared for bull-rebellions.
The 200 EMA (or MA) is normally an area for rebellion. I'm looking ahead - as I'm short in this market.
I do not suggest that the 200EMA is a price target.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
FLASHING RED!! BRACE! 🚑😲This is serious picture emerging right now. Have a look. I'm watching what's happening with Gold in relation to the Down Jones Transportation Index, and Bitcoin. This is all coronavirus related.
In tight summary, the smart money is moving into things that store real value - the kind that's unlikely to be affected by central banks.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
Double top fakeout on dow? Gap fill?The dow has retraced back into support and with the hourly moving averages so far above the bottom of the double top breakout pattern I would expect this to be a fakeout and am going long.
Nice potential gap fill of 700 points as well. More upside potential to retest resistance at the top of the double top as well.
Join me at breakoutfakeout.com, follow and like me here.
DJI (Wall Street) - Stalking the algosThis is pretty unconventional. Have a look.
Big pump possibly coming on DJI as several central banks co-ordinate to flood economies with low interest rates and excesses of cheap printed money. Micro time frames give an idea of what could be coming.
Of course, this could be good news for Gold.
The trouble in Chinatown!There's not much interest in the Chinese stock index here on Tradingview but the ChinaA50 is absolutely important for what happens around the globe.
The A50 is in big trouble and more trouble is yet to come in weeks to months. This is just bad news for the rest of the world really.
I'll say no more here - follow some of the price action with me on the 4H.
POP!! POP! POP! 😂Oh well - only about 5000 points of a massive drop in just over 1 week. People are asking, " Has the bubble popped? ".
I go into this in some detail. I think we're at the start of the POP.
This thing is serious though.
I'd like to hear from others if they think this is going back up and to the moon.
DJI (WALL STREET) MELTDOWN - 30 MIN TRENDI previously told people to get ready! Some weren't ready.
The market seems to have selected a 30 min ATR trend line pattern to follow south. How far it will go - nobody knows. This is the essence of trend following i.e. NO TARGETS. This is hard work!
Technical fall - I predicted it on February 16thThe descent on the blue trend line of the long-term bullish fork is over. The beginning of the descent started on the resistance of the median of the long-term fork. The decline was 50% of last year's bullish movement. All the gaps of the last hike have been closed (Look at my analysis of February 16th where I called the 12% drop and the closing of the gaps). There is a good chance that we will go back to looking at the fundamentals. There will be a slowdown in the world economy in the first quarter. If the epidemic of the virus arrives in other countries then the economic slowdown will be more marked. Now, there are chances of a rebound.
US30 New Idea Hi, Guys i am goin long on US30, well bit risky trade, So do your analysis before getting in.
DJI (WALL STREET) - GET READY!! If you can't see a rising contracting wedge, and price struggling near the top - and if you don't know what that means, why are you trading a live account? Did I say there was a guarantee of anything? Did I predict anything? I did NOT!.
Disclaimer: This is not an encouragement to trade securities or alter anyone's open positions. If you lose your money, kindly sue yourself.
