SYMMETRICAL TRIANGLE IN PLACE. SHOULD RESOLVE SOON (TO THE UPSIDE IN MY OPINION)
Panic and doom are transformed overnight by relief, hope and greed - in what is widely known as the biggest Ponzi scheme in the history of the world. Google and YouTube are your friends. This is not a prediction - it is an expectation based on hard facts that are out there. Yes - the markets are always right as I hold no power over the future. But there is...
The Dow Jones Industrial Average (DJIA) has made a quick and powerful bounce from 17883 to 18873 points (Thursday). It represents a 5.5% increase in only one week. The victory of Donald Trump has apparently raised the idea that the new policies might spark a stronger economic growth. After that short term progression, we can clearly see that the underlying trend...
FB broke out of a rising wedge and targeting 110. Cheers!
DJI index is continuously in consolidation mode since mid of Sept. If you are Bollinger band in your trading, you will see that the band is getting tight now and it is due for a break out. The direction is not so clear at this moment but I want to on a lil bit BULL side, until 18000 is strongly get broken down. Trade Safe s0nic
You can see a triangle formed on the uptrend from february, now broken. We also broke from an extended inside bar consolidation (yellow channel). If short from higher there's a good case to keep something on the table here. If not, a break of 18k should offer a pull back and retest as resistance. If that holds should be a good entry for the green levels...
Currently wave (C) is underway and its possible target price near $71. I will buy some when price find ground here.
Wave 5 is going to be continued, so we could have 20000 soon.
When looking at the daily bollinger bands width (bbw) there have only been four other times where the bb were as tight as they are now. Years 1964 & 1965 and year 1995 before the huge breakout into the year 2000 high In all of the previous times the S&P500 was in a small pullback then rallied 5%-6% which I believe it could do again. I believe buying the dip is...
Here is a chart that looks at market moves over the last year and the technical signals that have predicted future returns.
It seems only volatility in Utilities can truly threaten equity , so that this might be the ultimate indicator for going short equity . Right now the danger level is very low, because Utilities are through the roof.