DJA respected trend line resistanceDJA respected trend line resistance and appears to be forming a double-top pattern the first target is 10850. If the 10850 support line breaks down, we will have a bearish signal
DJA trade ideas
Dow Jones Composite Trying to RecoverSymbol: DJCFD:DJA
Indicators
Lag RSI
My Opinion: Recovering
Comments: Dow Jones slid hard but the overall market looks like it was able to shake it off quite well... The Dow Jones could easily lead the market on the downside if it's not able to pick up pace.
📛 The signal! Powerful SNP 500 breakdown! False, isn't it? Why?📈 What are we seeing at the moment? The SNP 500 index broke through the resistance line and headed up! Our "four screens" system gives a "buy" signal. You can see the levels on the chart.
Let's remind you about the rules: a maximum of 2% in the risk transaction and the need to have a system, as well as a plan to exit the position (we will not write about this to our competitors, since we have our own Fund).
📃 Now for the article in the WSJ (the Wall Street Journal). Many people are now interested in why the strongest decline in the economy is almost not reflected in the us stock market?! We recommend reading the article on the WSJ (full article for a paid subscription, we can send you the English version on request in the BOS). It does not prove the fairness of the situation, but it explains the logic of investors. In short, here are 5 main reasons: 1) belief in a rapid recovery; 2) rising tech giant shares offset the overall decline, creating the illusion of normality; 3) overall EPS has grown; 4) lack of alternatives for investment; 5) fear of playing against the fed. In General, as they say "too big to fall".
DJA head and shoulders. Going down. BearishToday DJI may bounce little, but we are going in bearish mode. Head and shoulders forming. From now on we are going down.
Be careful here (not just stocks but all assets)Times like these where we are up 1000 points and down 1000 points generally are followed with a huge move "usually" in the downward direction.
Look back at 2008 , 2000, and 87.
Not "professional advice" of course, just saying to be careful as we dont know what more there is to come from this virus.
Dow dropping to 9,000 due to curveDow dropping to 9,000 due to curve
Stock market could enter in falling trades and become unstable for months to come.
trade war disputes and market outperformance US vs rest Worldtrade war disputes and market outperformance US vs rest World .. US trade resolutions as the chart suggest, when us trade deficit is shrinking, the rest of the world ouperform the us markets...
cycling throughbubbles left right and center. crypto, housing, cannabis. be ready for a great dip. probably the greatest buying opportunity of our lifetime.
everyone saying buy the dip but eventually, but that doesn't work out so well every 10 years or so
Major DJA consolidation. Price made ATH then swiftly retraced to old support, never breaking it. I think it could go up more.
We're All ScrewedThis is a graph of the Dow Jones adjusted for the strength of the Dollar. As you can clearly see we were riding pretty high for a really long time, maybe "The Greatest Bull Run" of all time, but all good things must come to an end.
DOW COMPOSITE REACHING THE PREVIOUS TOP: BREAKOUT OR PULLBACK?DOWC is in a key level, the previous top. There is a bearish divergence for a possible retrace. If the price breaks the previous top a strong wave up can begin.
Increasing possibility of a spanking collapseI know most of you guys are aware of such,
yet, i tried to categorize the significant similarities of distinct behavior phases of DOW Composite, throughout the last two loops..
If the blue arrowed far-east originated falls are not a coincidence, we might already have seen 'the roof' of the decade..
,and a downfall may be witnessed by the end of this year.. (or within the first half of the next).
I’m pretty sure this chart may be a trash for temperate traders, as they are vigilant for it, for a long while ..
but I just wanted to share ;)
Have a nice week..
Dow Composite index – weak closing could signal completion of 5-
A weak daily closing below Monday’s high of 6344 could be a signal the index has completed basic 5-wave structure.
A weak closing on Wednesday has already signaled a bearish price-RSI divergence.
Bears should observe caution as selling is likely to gather pace only if the daily candle closes below 6344.
Intraday dips below the same followed by a positive move could be signal of more gains ahead.
DOWCEsperamos ajustes en los bolsas de USA debido al ciclo de alza de tasas de interés de las FED así como una toma de utilidades, mientras no rompa la resistencia no hay señal clara de continuación alcista.
We hope adjustments on USA equities due to the cycle of rising interest rates the Fed and profit taking, while not break the resistance no clear sign of bullish continuation.
Technical Analysis: Coming To A Narrow PRZ | $DOW #DOWFriends,
A very short note here regarding the Dow Composite Index.
Using proprietary patterns, an unusually narrow potential zone of reversal is defined. All of these can be verified by major or minor Fibonacci levels as well.
Both mean and average are defined as well. By reverse engineering a Fib-based retracement at the 38.2 significant level, this would point to the flat topside of a rising triangle from which price broke out following last mid-impulse consolidation.
All this seems to converge and should alert both pattern traders and the occult market geometrist of an unusual convergence of technical events.
Cheers,
David Alcindor
Predictive Analysis & Forecasting
