Price has reached TL resistance and I expect bears to come in and drive price back down.
1D: As you can see as price continues to make a new high, the indicator shows price making a flat; this may suggest bearish divergence.
I review some of the potential moves on DJI and probabilities (not predictions) ahead. Importantly price has violently punched down through a daily investor zone. The weekly and daily time frames create probabilities for the south on lower time frames. This is both an opportunity and risk. Have a look and get ready.
Disclaimer : As usual if you lose your own...
I assume based on Dows failure to rally, perhaps this is a sign that market wants to turn around
At each test of resistance, after dropping more than 500 points, the market has continued to push bearish as well as the Divergence also validating the direction.
In my last commentary I noted that the Euro could bounce. The Dollar has just broken significant support as I write. I have short EURUSD positions remaining, but I'm strongly hedged with a DXY short.
I'm also long Gold and Silver, as a counter-trend short Dollar play.
I also noted that political confusion concerning Trump could make the US markets 'choppy' -...
Diamond pattern nearing completion. A break in price down could mean a half staff pattern, with the second leg the same length of the first. Yearly and monthly pivots below provide strong support and price target at 23100 area.
Break up could be a price trend reversal to the monthly R1 at 25100.
Panic and doom are transformed overnight by relief, hope and greed - in what is widely known as the biggest Ponzi scheme in the history of the world. Google and YouTube are your friends.
This is not a prediction - it is an expectation based on hard facts that are out there.
Yes - the markets are always right as I hold no power over the future. But there is...