I expect the Dow Jones within a week or so to be hitting a $26225 price point. I definitely say it is bullish and potential resistance could be near. However, the correlations have been seemingly positive and as an index of the general market, it looks like a good position. As a HODL it looks to be a fairly conservative investment strategy to be in your portfolio....
THIS, my friends, is a parabola. It is a glorious sight, but parabolas never last forever. On the chart I've marked levels in red, every 1000 points up to 30k: 25k,26k,27k,28k,29k,30k... I'm not such idiot to call THE top on the market. I'm simply saying my understanding of technical patterns leads me to safely conclude that this move will shift and a new...
Fundamental: I do not think that with the extension of the fiscal reform, the bullish euphoria will decrease in the index. Technical : As you can see in the attached image, the price at this moment is in a very important area, 1.61 fibonacci. what would be the culmination of the 3 "Super Wave". We should wait for the two confirmations that are in the graph to go...
Look at the macd. Screen is not enough :). It is in the sky. I guess no one can imagine such rally. If this is not BUBLE nothing BUBLE on earth. Amazing man unbelievable. Anyone trades dow jones i guess shorted this anytime in lifetime and bail out. When this rally finishes there will be major breakdown. :) Anyone wanna see buble this is the buble. Good Luck.
look at the chart for further information. Retracements are based on Fibonacci retracements.
Possible short of DJI ahead in the next 5 days. To be used in conjunction with the weekly DJI Chart.
Price/action looks like last August, we are now about early Sep.
Never closed below MA50 since election
Hey Traders, Just wanted to pull this simple analysis on DJI (Dow Jones Industrial Average) We had an impulse and a corrective structure, I am sure we can get a brakeout soon, watch for that and then go long for a short term trade. - Hey Traders, Simplemente compartir este analisis en DJI (Índice Down Jones) Tuvimos un impulso y una corrección. Estoy seguro...
Drop had to happen, but neatly at bottom of channel now. 7:1 trade
Dow Jones Industrial Average Back to 20000
Note how a new lower upper boundary has been established.
The price of the Dow Jones $DJI has reached long term extreme levels with the 14day RSI marking max levels inline.. Note Elliott Wave theory requires RSI divergence in wave 5 while wave 5 is not the extended one (wave 3 already extended).. Setting this rule on the side and assuming that indeed price is rolling the last 5th wave, I would like to see a possible...
Forecast Dow Jones for next few months: Small retrace, then move up to 20250 (162 Fib level), then swift move down. Move up should happen between now and mid March. This is the first time i analyse DJIA, so don't hold your breath ;]
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Still long, ceteris paribus. That said, this should show what a minor and major pull back would look like at current level.