The Story of Dow Jones - The Big Picture
I am going to paint you a story. Judge & Act for yourself.
Is 26000 justified for Dow Jones?
Should it go higher or lower? And based on what catalyst?
Are the results, all there is, keeping Dow Jones at where it should be? e.g consumer spending, manufacturing results, unemployment.
Does this chart not already placed itself at where it should be?
26th Oct 2019
The US indices are flirting with the Highs, while the Asia Indices are flirting with the lows. STI , HSI , China A50 .
The coming Fed Cuts looks already priced in.
29th Nov 2019
DJI has jump 60 points above the support (Orange).
Will the area of interest continue to be relevant? (Yellow Triangle)
What else will sustain or push this peak to new heights?
Is 26000 justified for Dow Jones?
Should it go higher or lower? And based on what catalyst?
Are the results, all there is, keeping Dow Jones at where it should be? e.g consumer spending, manufacturing results, unemployment.
Does this chart not already placed itself at where it should be?
26th Oct 2019
The US indices are flirting with the Highs, while the Asia Indices are flirting with the lows. STI , HSI , China A50 .
The coming Fed Cuts looks already priced in.
29th Nov 2019
DJI has jump 60 points above the support (Orange).
Will the area of interest continue to be relevant? (Yellow Triangle)
What else will sustain or push this peak to new heights?
He has a tendency to talk the market down when the Market is at a high level and vice versa.
The Yellow Triangle is still in play, although prices have broken thru the resistance (blue line) and pull back (due to no firm deal on tariffs between US & China).
watch the Lunchtime Speech for a talk down to the markets, putting prices back into the triangle.
Expect fast pace price actions and then retreats into consolidation once again.