Dow Jones - Uptrend IntactShort term support and continuation levels highlighted. Be aware that equities failed to rally on good news from China today. This is a signal of caution.
YM1
Indices - Risk On is the Theme of the DayNice moves in Indices but beware of earnings from US banks today: JPMorgan and Wells Fargo will be watched closely for signs of economic slowdown or recession.
US Exhaustion on Main resistance Double Top H4I m shorting this level if prices fail to break 25.260-300 which seems to act as a strong resistance for now.
Trade FXCM CFD Entry: 26.290 - TP1: 26125 - TP2 26860 - sl:25340
#FXinsights #cisTOPIX US$ & Real Capital Gains in MarketsFrom NEW BOOK "P.R.O Trading" by Joshua Corum in CORUM's Capitalism Theorem (+BONUS Chapter) DJIA TVC:DJI at $17420 will accumulate $6.7 TRILLION in $USD Real Capital Gains and Increase the USD$ TVC:DXY to 6.7% to 102.96 where REAL Capital Risk + Costs is ONLY 1.34%. U.S. Markets need to take these capital gains NOW!
RIGHT NOW REAL US$ Capital Risk + Costs = 5.36%
THIS is 5.36 PIPS per $100,000 lot in Capital Structures!!! TOO HIGH!!!
See #FXinsights & #cisTOPIX ONLINE!!!
Dow Jones: shares to head south after reaching November peak ? High risk:reward opportunity to try and pick a top to this epic rally
DJI Inside and up on the month- TheStratInside month and a break to the upside, which after a small retest back into the range has rallied strongly for full timeframe continuity. Buy signal was at 25109. Bad idea to short until a reversal signal appears.
No reason to be short YM/DJIWe are in the 8th green week in a row. Price up on all timeframes. This week was the first time we opened close to the weekly pivot and dropped below for a few hours. However it quickly recovered above and is now past WR1 again. We are above the yearly and monthly pivot. Until the markets open or drop below the WP and hold there, there is no reason to be short.
Volume profile has a positive skew and is building value higher. Currently sat near POC, look for it to continue quickly to the next node at 26000 if it isn't rejected here.
DOW JONES THE ULTIMATE BONESYM1! looks like it has plenty of fuel left in its TANK.
DOW JONES
Untested levels lie above and below
You can have pending orders in either direction
With this information, do what you will
But always remember execution is everything
Pretty charts don't equal profits, so always remember to take proper risk adjusted setups
:)
Dow - Key Levels for GuidanceMost likely, we are in for some more chop before the trend re-asserts itself. We cannot rule out further volatility and even some probing/testing of the cycle lows. The important thing is that we don’t close below the cycle lows. The main fulcrum to the upside is currently at 25000 more or less.
Dow - Volatility Still Sky High, Buyers BewareBased on volatility considerations, it seems like we're in a consolidation pattern after the leg lower. This might last some time - possibly until Brexit (March) or the EU elections. We are not buyers in current conditions.
Dow Jones: Broken trendline suggests drop to 23300The break of 24250 as key support opens up a drop toward February lows
BTFD at ES 2550-2558 - defined risk.
Current Price at Posting: 2610.75
Directional Bias: Long
Price Target: 2680
Good Entry: 2550-2558
Risk/Reward: Max of 10 point risk / Potential Reward of 130 points.
Trade Idea Invalidation: Hourly Candle close below 2550
Dow: Rising trendline & 24k = major supportThe Dow is at its lst chance to rebound from rising trendline and round number support
Otherwise another drop to the February lows is likely
Consolidation Range for Dow before Potential Face RipperCurrent Price at Posting: 25588
Directional Bias: Long
Price Target: 25850+
Good Entry: 25270-25320
Risk/Reward: Max of 50 point risk / Potential Reward of 500-600 points.
Trade Idea Invalidation: Hourly Candle close below 25250
Dow Jones Industrial tracking Oil and metals lower $YMDJIA is headed lower tracking investors rotation from stocks into 10yr T-bonds. I am seeing the index breaking down towards 22-21k.
Oil has already shed considerably and metals are trading lower too which effects Dow Jones Industrial sectors.
Technically we breached a weekly Insidebar to the downside and traded back which gives us an opportunity to get back into the downtrend on smaller timeframes.
This is still just an inside month.For all the rhetoric of crashes etc, just remember we are still in an inside month, we have gone nowhere! Trend is down on all timescales but that can all change in the next two weeks with the new month and the seasonal strength starting the timescales afresh. Don't get married to an idea.
Also to note- this chart shows beautifully the importance of monthly closes and opens in relation to yearly pivot points. Look how often they coincide with each other. Another reminder to scale out to the bigger picture and not get sucked into the noise of emotional rallies and sell offs.
YM Yearly volume profilePoint of control sits at 24800. We are still in a range moving between YP and YR1, with plenty of space to move either way so don't be drawn into early calls of crashes etc. We have returned and dropped below the POC which should now act as resistance. However 24200-25500 is a value area with a broad profile so strong moves both ways can occur.
Some NQ LovingDirectional Bias: Long
Price Target: 7140-7160
Good Entry: 6840-6860
Risk/Reward: Max Risk of 30 points/Potential Reward of 250-300 points
Trade invalidates on a close below 6825 on the hourly candles.
Dow Jones - Short-Term trend pushes higher on Trump/Xi commentsThe US-China trade war fears have subsided after a positive phone call between Trump and Xi yesterday. THe markets dismissed Apple's worse results and continued bidding up stocks.
We're now in full recovery mode as suspected, with retail traders shorting into this rise.
Dow Jones Elliott Wave View: Correction CompletedHello Traders,
YM short-term Elliott wave view suggests that a bounce to 25845 high ended red wave “b”. Down from there, red wave “c” unfolded as ending diagonal structure i.e lesser degree cycles within black wave ((1)), ((3)) & ((5)) also unfolded in 3 swings structure. Where black wave ((1)) ended at 25220 low as zigzag structure. Up from there, a bounce to 25594 high ended black wave ((2)). Below from there, black wave ((3)) ended at 24515 low in another 3 swings.
Above from there, a bounce to 25075 high ended black wave ((4)) bounce. Then finally a decline to 24089 low ended black wave ((5)), which also completed cycle red wave “c” & blue wave (IV) pullback. Up from there, the index made a strong bounce higher & broke the pivot from 25845 thus suggests that the next leg higher in blue wave (V) could have started. Near-term, while dips remain above 24089 low the index is expected to resume the upside. But a break above 26962 10/03/2018 peak remains to be seen for final conviction of this bullish view & to avoid double correction lower in bluee wave (IV) pullback. We don’t like selling it.
