" The Dow industrials broke above the 25,000 level for the first time on Thursday " www.reuters.com
$DOWI 2.62 Fib ext and channel resistance. RSI MACD extreme reading along with SKEW. Short buildup likely
$DJI hitting massive technical levels . BOth Medium term and short term resi lines have been hit now. The ascent on the back of tax rate cut started in Nov 16 and now mkts are up 4000 points from pre trump ATH. At the least a corection to key 200 MA should unfold before Santa rally season in late nov-Dec comes in play
DOW vs ASX nearing ATH of 2000 Tech bubble. History may not repeat but sure can rhyme
Center line of two long term channels at same location: our current price. Feedback welcome.
We've reached significant top for SPX. I will like to drop to 2200s and the continuation should last for months Imo.
A lot of moving components and policies that were implemented in the past is leading to markets crash near term IMO. There are reasons for everything. Gold is relatively cheap right now compare to what will happen next IMO.
DJIA is ready to move down to below 17.5K by mid-June
Today's price is as if tomorrow's NFP is priced in. We should see a substantial sell off tomorrow. Either it breakup above today's close or close where I point the arrow. Thanks for the view. Feel free to comment.
we have a serious Fib resistance at 2420. This chart kind of make sense to me. I think we are due for a big pullback.
Flat pattern is expected to end the correction of wave 4, then there is a new high is coming. Good luck,
DOWI, _________________________________________________________________________ Ahmet S. Ozturk CISI Level 3 Certificate
Very limited upside and very large downside. Not worth the risk to buy right now as stocks are overly valued to a level seen prior to 2008 crash.
600% run from 2008 crash due to QE. 38.2% FIB retracement pointing towards below 700. Strong Short in my opinion.
Giving the semi conductor index is overly bought and due for a big correction. I think this is where AMKR is heading.