$DJI chart update from previous setup was a BEAUTY $$$Cant get much better than how this trade I spanning out.
Djianalysis
distribution on Weekly chartAll I have to say is.
R.I.P US economy.
I don't care about the fundamentals only that the effects of the fundamentals are forecasted into price.
Price tells mee all I need to know about the fundamentals and I don't even need to look at the news to tell you that we're in for a rough time.
Look so very like Wyckoff distribution on the weekly.
6monthly chart looks like a super bearish inverted hammer and tweezer top (albet 2 more months to go on this current candle)
1 monthly chart again showing me signs of a weakening trend, simple bearish divergences on all 3 of my oscillators, RSI, fast and slow all in tandem, stars are aligning.
2W, Weekly again all are looking weak.
Technically, we're still considered to be "bullish" since the bullish market structure is not yet invalidated (recent swing low has remained intact).
But what's worrying for the bulls is that on the weekly and 2W chart RSI has failed just below 70 (the upper limit of bullish territory, from what I've seen RSI divergence SFPs forming between 60-70 is bloody terrifying.) is scaring me. On the monthly chart, the fast oscillator just failed at the 0 line, that's very scary again.
Technically we're not bearish yet, but unless I see otherwise, I'm going to be a contrarian and say we're bearish.
feel free to open up the indicators to see what I'm talking about.
targets marked on the chart.
DOW JONES DJI - 2008 SIMILARITIES - ILLUSION OF STRONG ECONOMYDOW JONES DJI - Connect the dots
Keep in mind that I am not your financial advisor, with that said below is my quick analysis which I have done on my previous chart, but if you have not read it already, it will still be relevant
In recent weeks, October 10-11 to be exact we have observed an over 1200 point drop as interest rates have risen. Do you think it was just an accident? Well many will tell you YES, it's just a short term downtrend, but what did many 'analysts' say? They said that this is a 'short' term correction. What is our 'key phrase' here? 'Short' term. When it comes to crypto, yes there can be short term correction, however not in stock market. There is nothing 'short' term about a few month correction and that is what no one is talking about. Did you notice how on same day that stocks started major decline we had so called analysts coming out and saying that economy is strong, it will recover, we will see 40k dow jones soon, it's temporary, and then we had Trump administration come out and say that 'Our Economy Is Strong' and calling Feds 'Crazy'. Now please keep in mind that we are not talking politics or anything of that nature here, just looking at facts and some so called 'Fake News' that we had come out from known media sources telling us that everything was just fine! Does that remind you of 2008 crisis and 2007 on how it started back then? Well it does doesn't it?
What's different about this 'correction'?
What's different about this 'correction' is the fact that this is NO regular correction, but a start of a FINANCIAL RESET and movement to ONE GLOBAL FINANCIAL SYSTEM. Back in 2017, during a press conference with Japanese prime minister Trump noted that devaluation of US dollar 0.41% is a terrible thing, but that a 'LEVEL PLAYING FIELD' is being created and will be here much faster than we think.
In recent days another interesting thing that came out in the news is that Trump Administration has been in constant contact with a crypto currency company called Ripple Labs that have developed fast payment solution which solves world liquidity issue. Do keep in mind that I am not inferring that this is what will be used as global currency or ANYTHING related for that matter. Simply pointing out that there is A LOT happening behind the scenes.
With that said I would also like to point out that Federal Reserve has been very busy as well behind the scenes with their Faster Payments Task Force that was created in recent years with a task in mind of transforming current financial system by 2020
All you have to do here is connect the dots . . .
How do you convince people that one world currency or level playing field is what's needed? Easy, you create, what seems to be a financial crash which in turn makes people and investors 'untrustworthy' towards their country's financial system. As financial crash is happening, suddenly government and different organization come out and tell us that 'WAIT, guess what? We have just the solution you have been looking for!" that's when the 'levels playing field' comes out. I do not want to speculate too much on what it may be but what I will say is that it will result in greater control by government over our finances, in what way it will be done, I am not yet sure, but I do have few guesses which I will not discuss just yet.
Conclusion
What should you do?
Well, since I am not your financial advisor, I am not going to give you a direct answer but I will say what I am doing. I am minimizing amount of cash that I am holding in my banks and moving it into other assets. The bells are ringing
DJI - DOW JONE - UPDATE - FOR FREE - :) - LOLDJI (DOW JONES) should be retracing to Fibonacci retracement level of 0.618 as per the blue arrow.
Also Stoch RSI is going is also on the up
See previous analysis
PLEASE LIKE, COMMENTS AND FOLLOW FOR MORE
DJI Bear Market Probability?There is a negative divergence for the RSI; also it seems to form a head and shoulders pattern. There is quite a probability that monthly candle might form an engulfing bear, if you see that, it is a good sign of entrance to bear market.
DOW JONES DJI - FINANCIAL RESET - THIS IS HOW IT STARTSIn recent weeks, October 10-11 to be exact we have observed an over 1200 point drop as interest rates have risen. Do you think it was just an accident? Well many will tell you YES, it's just a short term downtrend, but what did many 'analysts' say? They said that this is a 'short' term correction. What is our 'key phrase' here? 'Short' term. When it comes to crypto, yes there can be short term correction, however not in stock market. There is nothing 'short' term about a few month correction and that is what no one is talking about. Did you notice how on same day that stocks started major decline we had so called analysts coming out and saying that economy is strong, it will recover, we will see 40k dow jones soon, it's temporary, and then we had Trump administration come out and say that 'Our Economy Is Strong' and calling Feds 'Crazy'. Now please keep in mind that we are not talking politics or anything of that nature here, just looking at facts and some so called 'Fake News' that we had come out from known media sources telling us that everything was just fine! Does that remind you of 2008 crisis and 2007 on how it started back then? Well it does doesn't it?
What's different about this 'correction'?
What's different about this 'correction' is the fact that this is NO regular correction, but a start of a FINANCIAL RESET and movement to ONE GLOBAL FINANCIAL SYSTEM. Back in 2017, during a press conference with Japanese prime minister Trump noted that devaluation of US dollar is a terrible thing, but that a 'LEVEL PLAYING FIELD' is being created and will be here much faster than we think.
In recent days another interesting thing that came out in the news is that Trump Administration has been in constant contact with a crypto currency company called Ripple Labs that have developed fast payment solution which solves world liquidity issue. Do keep in mind that I am not inferring that this is what will be used as global currency or ANYTHING related for that matter. Simply pointing out that there is A LOT happening behind the scenes.
With that said I would also like to point out that Federal Reserve has been very busy as well behind the scenes with their Faster Payments Task Force that was created in recent years with a task in mind of transforming current financial system by 2020
All you have to do here is connect the dots . . .
How do you convince people that one world currency or level playing field is what's needed? Easy, you create, what seems to be a financial crash which in turn makes people and investors 'untrustworthy' towards their country's financial system. As financial crash is happening, suddenly government and different organization come out and tell us that 'WAIT, guess what? We have just the solution you have been looking for!" that's when the 'levels playing field' comes out. I do not want to speculate too much on what it may be but what I will say is that it will result in greater control by government over our finances, in what way it will be done, I am not yet sure, but I do have few guesses which I will not discuss just yet.
Conclusion
What should you do?
Well, since I am not your financial advisor, I am not going to give you a direct answer but I will say what I am doing. I am minimizing amount of cash that I am holding in my banks and moving it into other assets. The bells are ringing
Key price level for US Stock Market - Neutral With the US30USD price sitting at a strong horizontal and upwards trend-line support - the market technical analysis here points at upwards movement (Strong pin-bar bounce from support line).
Although our market analysis points towards a potential move up, you should only enter a position if you see a strong break-out above the 25,500 level.
The DJIA could still be under pressure from the increased interest rates and geo-political tensions, if the bears are able to move the price down below this key support level then the market is in serious trouble and there could a downtrend formation in play.
You should always combine a fundamental and technical analysis together. This can give you a much better insight into where the market is looking to go. Simply using technical analysis is not good enough.
This is not investment advice - Losses can exceed initial deposits when trading. Good luck!
Looking at DJI nasdaq and S&P real quickJust quick thoughts. Probably wont publish until opening bell though.
Stock rundown before opening bell Part1Dji starts at 9:15.
Trading view forces the last viewed chart to take precedent for the category.
DJI Looks peaked + Bearish Divergance on WeeklyDJI has a massive Bearish Divergence on the weekly. RSI shows a top rejection.
Looks like the perfect storm for an economic crisis.
MARKET COMMENTARY: WHAT CANNOT GO DOWN MUST GO UPIn my last commentary I noted that the Euro could bounce. The Dollar has just broken significant support as I write. I have short EURUSD positions remaining, but I'm strongly hedged with a DXY short.
I'm also long Gold and Silver, as a counter-trend short Dollar play.
I also noted that political confusion concerning Trump could make the US markets 'choppy' - this is not happening!
Two things are going on: Firstly, Trump is proving to be resilient, as attempts to discredit him and his supporters seem to come to nothing. Second, the rest of the world is falling apart. Investors outside of the USA are buying up blue chip stocks to hedge their own political and economic risk.
Consequently, the Dow has done nothing but rise since February. Taking out the January high would project a move to over 30,000. I see no possibility of a technical pause in the long-term trend, unless the February low is taken out - this seems impossible at this point. As it stands, the current pattern is nothing but bullish.
I'm long DJIA and S&P500.
Dow Melt Up : Pe Ratios, Inflation, Temporary Illusions of GrandDow Melt Up ?
How much inflation can
they stuff into stocks
before investors &
traders wake up to
the fact that PE ratios
are in bubble territory !
Dow Jones ElliottWave Analysis: Inflection Area Called The RallyHello Traders,
Dow Jones Elliott wave view suggests that the cycle from 08/15/18 (24946) low ended at the peak of 08/29/18 (26186) in red wave 3.
Below from there, it ended the pullback in red wave 4 at 09/11/18 low (25767) and already broke to new highs confirming that the next extension higher has started.
The internals of the red wave 4 pullback unfolded as an Elliott Wave double correction which ended black wave ((w)) at 09/11/18 low (25817), black wave ((x)) pullback at 09/11/18 (26102) and finally black wave ((y)) of red wave 4 at 09/11/18 low (25767).
After breaking red wave 3 peak confirming that the next extension higher has started, it ended the short-term cycle from 09/11/18 low (25767) at the peak of 09/14/18 (26262) in black wave ((i)). Below from there it reached our equal legs extreme (blue box) towards $26061-25963 area, which was the 100%-161.8% Fibonacci extension area of blue wave (a)-(b) where it ended black wave ((ii)) pullback and also where we like to stay long with a risk free position targeting higher targets.
As long as pullbacks stay above 25767 low we expect the index to see more upside. We don’t like the selling.
Bearish Pattern, but will it deliver? In this week's newsletter (search for #WeeklyMarketsAnalysis on Twitter) I covered the U.S stock markets vs. The European ones.
The European Indices can drag the strong U.S market down with them if Draghi will dissapoint.
In such scenario, the Dow presents a bearish opportunity.
A close below the MA line can signal the start of a short term correction wave.
On the other hand, if Draghi will boost stocks... DAX can try to catch up with the S&P500 (currently testing support)
Read more about all of that in this week's newsletter (#WeeklyMarketsAnalysis)
Will the DJI close below 26,000 today ?Will the DJI close below 26,000 today ?
NO .
It will not be allowed to fall below 26K
NOT Today.
No Sir, Mid Terms to close.
It shall remain propped up at all costs.
Fake, Phoney, False
DJI at top of wedge!DJI is at a strong resistance and the top of a wedge! We can assume the price will respect the wedge and target the bottom of the wedge. The trade is how ever risky since there is no real pattern to confirm we will fall to bottom of the wedge expect the fact we are hitting resistance. If you want to be safer wait for the smaller wedge to break that is withing the larger wedge. That will be a better and safer trade!
If you believe in channels ...DJI bounce off of resistance. Sell after close of the daily candlestick.
A Topside Breakout of the Broadening Top on the DowSometimes there are topside breakouts on broadening tops, when this occurs a parabolic spike almost always follows... If today is a one day reversal and the Dow blows through the top, here is my short term price target on the move.
Broadening Top Inside a Broadening Top? That Can't Be Good...The Dow just made a smaller version of the pattern it was already in to complete the formation. I found it interesting, so here it is:
DJI 3 Key Scenario Hello folks, there is my view on DJI =)
Here are the my view with 3 price move variations,
Always wait till price set up above/below level, wait for Retest and Enter into trade!
