Is the Stock Market Dead Money For The Next 10-20 Years? So much of how our markets work is based on optimism. Can you imagine being a money manager and your entire sales pitch is some negative diatribe about how the market is going down and will continue to go down? Would you fork over your hard-earned savings based on such a story? Not a successful plan...
Earlier today I was on a conference call with traders examining the index price patterns and discussing the initial price action of The SP500 (INDEXSP: .INX) and the Nasdaq (INDEXNASDAQ: .IXIC) off their July highs. Currently my company is forecasting we revisit, and ultimately breach the October 2022 lows sometime in the first half of 2024. However, what the...
In my latest installment of the repeating Sentiment chart, we get a front row seat on how trader sentiment ebbs and flows with price action. Once we hit the target of 4172-4180, that will be a function of the bearish thesis getting aggressive. A complete unwinding of the utter junk spewed on CNBC a month ago. New highs possible? Soft landing? The magnificent...
Dow Jones is priting a bottom on the newly emerged Channel Down which calls for a short term buy. The same kind of formation was witnessed in middle March on the long term bottom pricing when the (recently broken) Channel Up started. Trading Plan: 1. Buy on the current market price. Targets: 1. 34400 (MA50 1d). Tips: 1. The RSI (1d) is on the 30.00 oversold...
Dow Jones / US30 hit the bottom of the Channel Down that is correcting the index to the Rising Support of the larger Channel Up pattern. It did cross under the 1day MA200 (bearish) but on the other hand the 1day RSI is rebounding on the Oversold Support (bullish) like on the March 13th low. Keep a tight SL on the low of the bottom candle and buy. Target 34400...
Today we hit my long standing targets and so far have bounced. I have carried an orange bullish count and a bearish blue count on this chart for a while now. If we can develop an impulsive 5-wave structure up that breaches 4508. I'll remove the bearish blue count targeting 4030-4060. Should we rally in a corrective 3-wave manner and fail to take out key...
Post 2009 Financial Crisis, they made movies about the housing and economic downturn. Here’s the thing, there are over 10M financial advisors, money managers, hedge fund managers, and fundamental and technical analysts in the industry. This doesn’t include the geniuses in the Financial News business. However, why did only a hand full of that total population...
The Dow Jones index (DJI) has broken below the long-term Higher Lows trend-line and has transitioned into a Channel Down. The current Lower Lows leg is approaching not just the bottom of the Channel Down but more importantly the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line). The latter in particular provided a Double Support Bounce on (June 01 and...
I’ve written about price heading to the mid 4200’s to low 4300’s for a while now. By my count, I’ve written a total of 4 times just in the month of September. Links below: Sept 15 Sept 14 Sept 8 Sept 2 The target moved up slightly following the Sept contract change to Dec from 4256 to 4307.50. As the analysis changed, I adjusted my targets. But I...
Dow Jones is waving a strong bearish break out signal as it crossed under the bottom of the 6 month Channel Up today and most likely will close that way. This means that the trend is shifting to bearish on the medium term as a new Channel Down could emerge. Trading Plan: 1. Sell on the current market price. Targets: 1. 33840 (MA200 (1d)) and if it breaks after a...
Dow Jones crossed again over the former Falling Resistance after making a bounce near the 1day MA100. This is the third time this level holds in almost one month. This keeps the long term Channel Up pattern intact. The 1day RSI is on the exact level of the June 2nd break out, showing a high level of symmetry of waves inside the Channel Up structure. Buy and...
Hello, Welcome to this analysis about the DOW JONES Index, we are looking at the 4-hour timeframe perspectives, the recent events, the established formational structure, and what we should consider in the upcoming times. In my analysis I discovered that the Index has completed a substantial formation on which it can build up on and approach main target-zones....
Today, we have clearly started our descent down to the low 4300 level. I have posted about this sort of move for a while now. This move to the 4300 level will not happen in a day, nor do I think it will reach my target by next week. However, I do think this will be the type of descent that will not allow for good short entries. That day has come and gone....
Dow Jones (DJI) gave us a strong bottom buy signal 8 days ago (see chart below): On today's idea we look at the 1H time-frame, which offers a buy opportunity for quick 1-2 day profit as the index is on a strong bullish leg within a newly formed Bullish Megaphone. Based on the 1H RSI which turned overbought and the 1H MACD which just formed a Bearish Cross,...
________________________________________________________________________________________________ Hi Traders, this is a signal I give to you for free today. The DOW INDEX has formed a clear triangle breakout with volatility and completed above the 400-EMA where entry with pull back is...
Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at the DJIA 4-hour timeframe perspective, the index has recently shown high volatility movements to the downside which was expected after the gap-fill and the ending of the wave-count as pointed out previously this move now confirmed and the index testing the back-up-zone...
Hello Traders Investors And Community, welcome to this analysis where we are looking at the DOW JONES 4-hour timeframe perspectives, the upcoming decisive events in the structure, what we can expect after these events occurring and how possible outcomes can show up in the schedule. The DOW like other major indices recovered somewhat from the corona-breakdowns and...
The Dow Jones Industrial Average is forming a Potential Right Shoulder within an Ascending Broadening Wedge pattern and in this Right Shoulder, we can see a Potential Bearish Gartley at the HOP level with PPO confirmation. If it plays out, we will confirm a Partial Rise and increase the chances of a full on breakdown below this wedge pattern which at the very...