So I have been tracking this pretty extensively, just haven't posted my findings (which up to this point have been spot on) until now... Why? Because this is such a far fetched scenario, I feel in the rare event this does happen - if I don't have some kind of proof that I caught it before-hand no one will believe me lol... Now, this is part 1 which is the weekly...
DJI Going pretty as per plan Some more room to fall as per the oscillators. May be a bounce is in play from the Trendline or the Support Zones identified before reaching the Target 2.
The Dow is currently moving dangerously close to the 30 week moving average. If we close the week below the moving average, we can expect a large correction to follow. Check the history in the chart, every time we have dropped below the 30 week moving average, it was followed by a larger correction.
Everything in the chart Best of luck
A few scenarios. Tomorrow morning should tell us a lot on where the stock market is headed.
Blue parallel channel: main price trend channel Purple parallel channel: secondary price trend channel I know I'm missing some crises here and there, but I figured I only need to mark some. The correlations I am able to make is that a high RSI along with an unsavory reason leads to big trouble. Great Depression: credit **(Edit: I forgot to add that the huge run...
After breaking the symmetrical triangle last Friday, the DJIA's run to 26500 looks likely. I expect a very good next two week; starting with a price target this week of 26000, and 26500 next week. It is fair to say that the Dow could face a lot of pressure from its January high. Therefore I believe that the price will be dancing between 265-266 for a week before...
Hello everyone, I am very hesitant re; sharing this idea. I do hope by putting this out there, I will gain valuable feedbacks & perspectives that I otherwise would not have had. I am fully aware that this is a bold statement to make: we have a recession coming up soon. In fact, I think the recession has already begun. ----- This is a 2 week chart of DJI. It is...
Looking for bounces or cross throughs. Neutral for now. We should see some short term down-side action, for sure. But a couple places where it could bounce off, heavy.
Dow jones have been falling sharply of late and it is currently rested at the 61% retracement level on the fibonacci . A close at that level along with oversold RSI could trigger a relief rally in DJI but it will find really hard to break 24500-25000 at closing level today.
Yesterday was a buying opportunity. We needed to see follow-through today, which did not materialize. This rejection compounds the bearish reversal. What happens next? ...think of the elevator scene in The Shining for a clue. We are about to witness the sacrifice of 2017's gains, in a very short space of time. Make no mistake; it will be bloody, fast, but it is...
I am fairly new to the markets, but I found a few similar features between the chart for the stock market crash of 1987 and our current situation. Any feedback is greatly appreciated!
B&B Pattern. Trade setup with Buy Limit position (EP) at 25387 Stop Loss (SL) at 24531 and Take Profit (TP) at 26186. Money Management I have 22,800 USD in my portfolio. I can lose 10% of the port which is 2,280 USD. I will Trade MINI DOW JONES ($5) Position Sizing 1 Tick = $5 1 Contract size need IM = $3,685 (I can open not more than $22,800 / $3,685 =...
hi all after 20 months of upward way needs a correction i smell it should correct to 20000 area as a historic support area so iam seeing 22900 and 20700
It may be crazy to short the bull, but I think it is time. Weekly RSI is over 90. Should be time to take a step back.