Right - guys and gals - it doesn't get much better than this.
Just don't blow up your live accounts on this pattern. Anything is possible.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is...
This is not a prediction. I don't do predictions. The setup is only a probabilistic estimate based on a reckless disconnect between market sentiment and fundamental reality. It's probably the most reckless in history.
For every probability estimate in one direction - NOTE CAREFULLY - that there is a residual probability in the opposite direction. So if for...
There were mad moves on the DJI (Wall Street) north on Friday 5th May 2020. The bulls gored the bears big time.
But there's 'fundamental' stuff that's not right. The Bureau of Labour Statistics (easily findable via a search engine), said that their figures were not correct. They even said in their report that if unemployment was counted more correctly the...
The Dow Jones Industrial Average Index (DJI) is also looking bearish.
This chart tends to look very similar, almost the same, as the SPX (S&P 500 Index).
The signals coming from this chart goes as follow:
1) Decreasing trading volume.
2) Lower high.
3) Bounce completed.
4) Drop below EMA10 and EMA50.
5) MACD bearish cross while trending lower.
6) RSI broke below...
Much of good trading is about time spent stalking. Trade execution by the most successful traders happens only after much patient study.
The current position of the DJI, resembles a previous one. Patterns tend to repeat. This means vigilance to see if they do repeat. There could be losses involved. I never avoid talking about that.
Sometimes a pattern may...
DOW30 is Bullish - We look to Buy at 24350
▪️ The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
▪️ A higher correction is expected.
▪️ Previous resistance level of 24550 broken.
▪️ Signals are mixed but remain mildly bullish with a short-term timeframe highlighting an exhaustion count.
▪️ We look...
You've been told! Get ready. There is trouble in this heading south more likely, than not!
Reliable sources in non-mainstream media are picking up the second wave of a virus outbreak in China. This is not fake news!
The re-opening (or partial re-opening) was actually fake news. Facilities were actually being built to accommodate more sick and dying people.
There is an opportunity to long the DJI on entry into the 22900 zone.
- Long entries may be initiated on touch of 22900
- Stop Losses should be below the last swing low of 22679 (Red Horizontal)
- Target Point A : 23467 (Green Horizontal)
All remaining target and intermediary resistance zones to the upside are marked above entry by consecutive...
At this time the overall probability from higher time frames is for DJI to move south (6H to 1D). However, there is a trend move probably on a 3 min to 5 min coming up.
This could move DJI up from 20800 to possibly as an estimate 21600. This is not a prediction. Have a look. Also see my other video that tracked a trend change on the DAX (link is below).
Well, this is one to watch. This is a 30 min trend following setup. There are no targets.
NOTE: only about 20% of all traders are true trend-followers. Trend following is very difficult and far more risky than other forms of trading. There are serious losses involved if anyone follows this developing trend. You have been warned.
So, Corona is on everyone's lips but how long will it keep the raging bulls from taking charge?
Any signs of, mitigation measures against the pandemic will provide massive reprieve for the fallen giant DOW Jones!
It may as well have begun....
The image above shows a classic MEGAPHONE in a bullish trend, We have just jumped out of the bear trap, cannot say it's...
In this screencast I show that based on the technical picture and using some fundamental concepts, that heavy down side is likely in the next 3 to 6 months. The degree of momentum south is so heavy that I can expect it to move further south on this time frame.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no...