Let's take a look at the Russel 2000. This index seems to be the only one between the Dow, Nasdaq, and S&P that is failing to break to new ATH while they are. What we're seeing is a triple top/triple resistance in Aug 2022, than again February 2023, and again August 2023 which was confirmed with a break down to the lows of October 2023 before more manipulation...
Hello everyone, I am back with another chart, this is the top for SPX. We are now in a recession.
TVC:DJI I have set my target on the chart. If the support drops below 36238, the analysis will be canceled. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
SPY ETF Approaching Critical Resistance Amid Bearish Signals The SPDR S&P 500 ETF Trust (SPY) has been a focal point for investors seeking exposure to the broader equity market. However, recent indicators suggest a potential shift in sentiment as the ETF nears significant resistance levels, hinting at a looming bearish turn. As of late, SPY has been on a...
Dow Jones has been trading within a 18-month Channel Up pattern since the October 13 2022 global market bottom. The current price action is approaching its top (Higher Highs trend-line) for the first time in more than 1 year (since December 13 2022). With the 1D RSI on Lower Highs, which is a Bearish Divergence against the Higher Highs of the price action, the...
Following DJI and NDX, SPX is on its way to ATH by the end of January.
Dear colleagues, the waves continue their development. After the correction a b c, wave 1 in the upward movement is completed. At the moment I suppose that the price will either update the maximum of wave 1, or make a correction to the area of 50% Fibonacci level in the area of 37500 (wave 2), then I expect the price in the area of 100% Fibonacci extension level...
TVC:DJI DJI will be able to create RSI divergence in the near future? DJI will have an adjustment in the near future, but no one knows how much, where and at what price. But in a certain expectation, I think that the case of the price increasing a little more (maybe to near 40K) and then creating an RSI divergence is a fairly typical case for this bullish pattern.
In this video, I delve into the considerations that led me to take a short position on Bitcoin at these specific levels. I want to clarify that I'm not advocating for others to follow suit in shorting Bitcoin; rather, I'm elucidating the rationale behind my decision. The video also touches upon the influence of the Dow Jones and Solana on this decision, and I...
Linear target: 44k Impulse target: 48k The stock market cycles are lengthening. Continued downside till EOM followed by a final melt-up rally that will bring the end of grand wave 5. ETA H2 '22 - H1 '23.
Dear colleagues, I assume that the price has either completed the 5th wave or is completing it. Therefore, I suppose that the price starts its downward movement. I suppose the first target is the support area 37041.78. This is the area of the wave 4 low. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Back in 1968 the two major proponents of the Elliot Wave theory concept where divided as to the wave count of the DJIA. While AJ Frost would consider the 1966 peak as Wave B of an irregular top in a flat correction, Hamilton Bolton was looking at it as the 5th wave of a bullish impulse. One thing is certain, while they disagreed on the count they both agreed...
Too lazy to type again. Just watch the video. Its pretty straight forward. As before, Id still like to see a drop back to the day TF hulls . I am hoping this corresponds to MARA starting under 21.5 and then I can grab it when we start a week back above 21.5. And by above, I dont mean 25-30% above like it did last week.
Dow Jones (DJI) is pulling back on a technical correction as the 1W RSI got overbought (above the 70.00 mark) on the December 26 1W candle. That was basically the first time since June 01 2021 it got overbought and that time also gave a technical pull-back. What draws our attention more than that time though is the December 19 2016 pull-back when the 1W RSI was...
These are serious setups, I found a trendline that connected to the Feb 2020 top and it drop from there the next day. This is BIG we failed to breakout of the trendline connecting 1929 to 2000, it went above and came back under, this is VERY Bearish. First target 26000 under that it gets nasty.
looking for a rebound soon and recovery this year. possible targets : 330$ , 425$
Dow Jones has been trading sideways since the December 28th 2023 High, having tested that Resistance after another three times. Naturally the 4H timeframe is neutral and the 1D technical outlook is about to as well (RSI = 56.255, MACD = 185.180, ADX = 33.836). The 1D RSI in particular is under a LH trendline, which is of the same shape as August 1st 2023, May 1st...
Expecting DJI to drop quite dramatically. $32,500 target B, HF