Djianalysis
ridethepig | Dow📍 Major Updates on Dow, Nasdaq and S&P coming this week.
Equity buyers are not happy, the loss of the technical structure seeks compensation and yet in similar risky fashion the Portnoy crowd continue to buy the dip at over extended levels. The one missing aspect to their account, inflation, it will land a devastating blow to the real economy and eventually, when the Fed taps, the stock market will follow.
The Russell already broke down:
Late buyers are trapped. We are going to hear a lot more on the media about how investors continue to rotate to value, but the cycle down has already started and this is an advantage to sharp speculators. To the downside the levels to track 24,500; 22,800; 18,600.
Thanks as usual for keeping the feedback coming 👍 or 👎
ridethepig | Unfinished business in the Dow📌 General remarks
After we completed the breakdown as expected, we have a valid swing down for sellers. Today flows look set for a small pullback before continuation of the decline into 26,376 and 25,139 as the main targets below. This is a leg of two halves, we have a zig and a zag. We are trading the pullback in the Zig before we function the continuation of the zag, you get the point!
In this case, before we tackle the impulsive legs we should quickly check the behaviour of the market as we approach the C target. It can be concerning for some sellers that the possibility of continuation with vaccine holy grail - a valid and diagonally opposite force to the bearish case of a major cycle down in the global economy triggered via health crisis .
What all of these undermine is confidence and the powerful urge to take on risk diminishing. Vaccine or not, sadly there is no chance of this making its way around supply chains till 2021/2022 so we have at least 2-3 more quarters to get through in this cycle down. As I keep repeating, most recessions are typically 5 quarters in length and it is not uncommon for 1 or 2 of those quarters to be bullish, this is part of the repositioning battlefield.
DIA's Plunge to an Icy DeathIt's slippery out there - both up and down.
But especially down.
Just a basic roadmap to navigate the blizzard and potential avalanche.
Expect similarly dangerous slopes for SPX and NDX.
- Perma Frost Pig
AMEX:DIA
CURRENCYCOM:US30
SPCFD:SPX
NASDAQ:NDX
US30 Buys Price is currently sitting in a range and we have experienced some bearish pressure this week due to FOMC interest rates unchanged. However, the Dow is overall bullish from higher timeframe analysis as indicated from my previous chart. Looking for an entry on 15 minute based on bullish structure being respected (Daily 78.6 tested and rejected).
50 Pip stop loss | TP 960 Pips
From the -27 Level I expect a rejection, so this is also where you can also go short.
Dow Jones is ready to go lower to complete (ABCDE) daily waves Dow Jones is ready to go lower to complete (ABCDE) daily waves and test the key resistance zone 25k
Head and Shoulders formed in DJIHead and Shoulders pattern created in DJI & DIA charts on September 17th. Downward baseline/trendline formed between the 17th and the 30th of July. Idea is that the market drop from the Head and Shoulders pattern must break down through this trend line (minimum drop level) before a bottom forms from this play. Short Call.
Head and Shoulders formed in DIAHead and Shoulders pattern created in DIA chart on September 17th. Downward baseline/trendline formed between the 17th and the 30th of July. Idea is that the market drop from the Head and Shoulders pattern must break down through this trend line (minimum drop level) before a bottom forms from this play. Short Call.
Let's take a look at the MarketHi everybody!
To begin almost anything, it helps having the right tools in place for the job.
The moment has come for me to set up a full outlook on the DOW JONES (DJI), everything will be approximations, and can update periodically on the same thread, I think.
This is a study completely based on my own understanding, and it is freaking minimal, but it is collective. I encourage suggestions and opinions.
Also, I am thinking as I'm writing so I will try to clean it up for you but my brain is slippery.
Let's start to begin...
#DOW - Another 800 points fall? #US30USD #tradingview #djiAfter such a dynamic crash yesterday, a recovery could currently run as wave b.
Following a further sell-off of 800 points in the direction of 27,640?
There the continuation of the bull market could be expected.
So wait and see and drink tea/coffee and prepare for a short and subsequent long position.
Best regards from Hanover, Lower Saxony
Stefan Bode
Dow Jones Suggesting The Next Great Crash in 2026Hello everyone,
We hope that everyone is having a safe week! Here we would like to show you a massive overview of the Dow Jones - the longest raiding stock data available. The reason why we believe the bull run will continue is due to the 'Resistance Turned Support theory'. It suggests that IF all things considered the market continues to trend the way it is, we may be on to a huge move to the upside. A break to the upside would bring us up to new highs all the way until 2026 as long as we stay within the channel.
X Force provides quality content provided by experienced traders who would like to make charting more simple for the general public. If you love our content, please make sure to give us a 'like', we would highly appreciate it!
Dow30 (DJIA) - Tight range: Here is what I'm looking forUS30 (DowJones).
We are in a tight 350 point range for the last week.
Will long above upper black and short below lower black.
Keep it simple.
Dow Jones BullishAs we see on the chart last week's candle is bullish. I expect this week or next price to reach All Time High.
DJI going upwards?Hey everyone,
the DJI gos more sideways than everything else. The base of the triangle can be used as a goal prediction if you put it on the front of the triangle. The front is also the time when this goal should be reached. Normaly the price leaves the triangle in the previous direction.
But the DJI will have to face a few resistance zones on it's way.
Much fun with that trade!
Leave a follow, my goal is 200 :)
Get this #DJI-FAILED_MONEYPRINTSmart money shorts this bitch. It's over, gone, ended, finished. fcuk 'er bud!
DowJones - Only levels I'm playing right nowLong above upper black
Short below lower black
Keep it SIMPLE
