The rally off the August 18th lows is an overlapping mess that stands a high probability of concluding very soon, if not TODAY. However, yesterday's CPI report market reaction marked a unique opportunity to remind followers, that markets are not linear. You can choose to look at the CPI report positively through a bullish or bearish lense. The reality was the...
________________________________________________________________________________________________ Hi Traders, this is a signal I give to you for free today. Support will be great with a like and follow when useful. ________________________________________________________________________________________________ ENTRY: 27820-27950 MINIMUM TARGET: 28250 STOP LOSS:...
Dow Jones (DJI) is forming this week the first MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross (when the former crosses above the latter) on the 1W time-frame since September 2016 (assuming January/ February 2021 was flat due to the COVIC flash crash). This on its own is a major long-term buy signal, especially since the 1W MA50 has been...
Hello Traders Investors And Community, welcome to this analysis about the recent events, the current price-formation-structure and what we can expect the next times in one of the major leading stock-indices worldwide and one of the oldest participants in stock-markets the DOW JONES INDUSTRIAL AVERAGE, after we have seen the huge corona-crisis-breakdown which hit...
If you’re a parent, you’ll certainly understand that children do things despite being told not to. Is it out of curiosity? A rebellious nature? An issue with authority? Or my favorite, they know more? Yes, yes, and yes. It could be those answers or a variety of other reasons. Nonetheless, we don’t expect market participants to act like children. Maybe as...
Pair : DJI - Dow Jones Description : We have Break of Structure with Completed Retracement at the Lower Trend Line of Bearish Channel in Long Time Frame at Fibonacci Level - 50.00%. It has completed its Impulsive Wave " 1234 "
As many of you may recall I recently posted that the areas of ES 4250-60 is my next target. What happens there will determine the price action for the remainder of 2023. You can read the post here. However, from a sentiment standpoint, we look next to see if boldness develops on the part of the more bearish thesis. To breach the 1.0 on the ES in any...
It’s not the Fed. My perspective is Chairman Powell has been fairly clear in his updates to the markets. The markets simply don’t want to hear any of it. It’s not bonds, or interest rates. Those are trackable and I have posted on the 2yr and 10yr bond yields. Yields are creeping higher and have done so since the October lows. It’s also not corporate...
Raising inclination trend has confirmed on the Dow Jones. What this means is that the rising trend is going up at a higher degree. A normal trend is around 45 degrees. A stronger trend is 60 degrees. and once it starts rallying above 60 degrees this is where GREED kicks in and you should prepare for downside. Also there is a strong Rising Channel which I'm...
Nifty has made a significant recovery after hitting a low of 19223 on August 31, 2023. According to Elliott Wave Theory, the Nifty made its low as Wave iv of Minute Degree Wave {iii} within Wave (i). Until November 2023, Wave (i) of Minute Degree Wave {iii} might drive the index toward 20400-20600. As Wave (ii) of Minute Degree Wave "{iii}," a pullback toward...
The point of view of US30 analysis is that the current trend is still in a bullish state, the bearish that occurs up to Fibo 0.236 is a Swing Correction and there is a possibility that currently there will be bullish continuation
Dow Jones (DJI) held its 1D MA100 as Support and as projected on our analysis last week (see chart below), it formed a Higher Low on the 5-month Channel Up and rebounded: We now move to the 1W time-frame where this week's 1W candle is so far the strongest since July 17 and already recovered the 1D MA50 (red trend-line). After completing the standard -4.70%...
DJIA is about to dip 4-5% from around Tue Aug 1st till Aug 23rd.
Maybe the catalyst higher starts at Jackson Hole and Chairman Powell's speech at 10am? If not that, then the market will move higher because of either a soft, or NO landing recession thesis. As I continue to update my sentiment chart for my followers, these are the current narratives being discussed...but it will not matter to the sentiment chart what the...
Dow Jones is having the strongest pull-back since late May, so far still within the technical boundaries of the 5 month Channel Up. In doing so, it is only a few points before hitting the 1D MA50 (blue trend-line), which has been intact since the July 10 Low. Despite that contact, the index hasn't closed a 1D candle below the 1D MA50 since June 01, which was at...
Today I shared a video in my trading room of Tom Lee on CNBC post his CPI massive rally call which didn't materialize. One member pointed out: " Lol. The man in this interview is not “fearless.” He is having trouble getting it out, and he has concerns. He is impressed by the “pronunciation” of this move. " I share the sentiment chart so we can observe the...
After 3 weeks of being range, it seems us30 can fall towards 33% level, as a retrace for higher probable prices.
I vividly recall a few years back having just finished labeling the above chart of the SP500 from inception. I labeled the chart and included most of the historical events that occurred over the course of that time. As a trader, I wanted to have a quick reference visual picture of price action during war time, innovation, and societal change, juxtaposed on my...