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Dow Jones Utility Average IndexDow Jones Utility Average IndexDow Jones Utility Average Index

Dow Jones Utility Average Index

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DJU trade ideas

Dow Utilities Could Find Crash Bottom - Part TwoWithin an Elliott five wave impulse pattern, wave "one" is usually equal to wave "five". On the daily Utility chart wave "1" = 145.83 points. The wave "4" high is 773.49 - 145.83 = 627.66 as target for wave "5" bottom. The DJU rally from March 2009 to February 2020 was 675.14 points x .50 = 337.57 points. All-time high was 963.80 - 337.57 = 626.23 as target for a bottom. The DJU rally from September 1974 was 905.87 points x .382 = 346.04 points All-time high 963.80 - 346.04 = 617.76 as a target bottom. The November 2016 bottom was 616.96. Target range for DJU crash bottom is 615.00 to 628.00 Mark
DJ:DJU
by markrivest
DJUA Nearing Buying Opportunity - part twoThe DJUA Elliott wave count of the recent decline is exceptionally clear. If the count is correct,there could be one more rally for a few days followed by a final decline to new lows and .618 Fibonacci support. Note - Alternate count has wave "C" of an "A-B-C" Zigzag complete at either the 1/12/18 low or to bottomed in the support zone on 1/16/18 - New moon day. ** US Stock market closed on 1/15/18. After bottom is in place, subsequent rally could last for several weeks. Mark
DJ:DJU
by markrivest
Has DOW Utilities finished its down trend since January? DOWU has been in a down trend since January of this year. The top in January was 657 and on March we found a bottom at 565.55. The drop of 14% was result of a 25.65% up trend that started in July of 2014 up by 174 days. With bond yields going up there could be room for a drop to 560. RSI is showing that the index is taking a breath from this 42 days drop since the begging of this cycle. If the index surpasses 600.35 resistance there is room to go up to the 607 and 609 resistances. If the index breaks the support at 565.55 there is room to go down to the 560 and 552.67 supports
DJ:DJU
by GPR
Don't overlook thisSince DJIA has only 30 components, and not sufficient to portray the general pictures, as a result DJ Transportation and DJ Utilities are created as well. 1st it was the Industrial index making all time high, followed by the transportation index, and now the utilities index. I can see that 2 massive rejection by 580, plus the bearish divergence comparing to the previous top in July. P.S. Just take note if you are already shorting.. tonight might be another super bullish trading day to wash out the bears, but next Monday we might see sentiment changed with a blink of an eye.
DJ:DJUShort
by jangseohee
1
DowU_nder neckline? Possible SHS & ABCD targets....if!Dow Utilities could setup a classic SHS pattern (in orange and target in yellow) with a neckline around the 527 handle. Left and right shoulder are now at the same highs with a 61.8 retracement of the head - at the 577 handle. The other pattern is a harmonic ABCD patern (in blue) with a target at the 510 handle Momentum on the MACD histogram is decreasing Will it play out....time will tell...as always Safe trading L&G @BLawrenceM Music at work: www.youtube.com open.spotify.com
DJ:DJU
by CoinedByCrypto
1