DJI has extended the 1W Channel Up (RSI = 65.157, MACD = 519.030, Highs/Lows = 742.8189) that has previously provided a handful of trading opportunities (see bottom of the analysis). At the moment a Double Top is being formed on 1D, which since April has been a bearish signal, later initiating a decline towards the Higher Low zone (where the 1D MA200 always...
As per our last study, the +100 pip target has been reached: The index has approached the Higher High zone of the 1W Channel Up (RSI = 64.884, MACD = 62.620, Highs/Lows = 78.1742) and the 1D RSI is close to the 71.30 level which since February 2019 has always caused a pull back. When on the Higher High trend line of the 1W Channel Up in particular, the 71.00...
One view I am keeping in mind for the market over the next 5 years. Let's see if we can break out of this channel to the upside! :D Not financial advice.
Pattern: Channel Up on 1M. Signal: Bullish as the RSI on 1D made a bullish break out above the Lower High trend line (dashed) and is replicating the start of the year pattern. Target: $8900.
Despite Friday's fairly strong pull back, Nasdaq still approached last week the 8,027 All Time High after a very aggressive rebound on the 1D chart (MACD = 50.350, Highs/Lows = 51.7055) since October 2nd near the 1D MA200 (orange line). Having almost made a Double Bottom then, the annual pattern (2019) resembles that of the 2016/ 2017 period. Not identical 100%...
After hitting our previous Target, the index is once again approaching the 3,030 1W Resistance and All Time High (ATH). 1D has just turned bullish on its RSI = 56.532 (MACD = 7.990, ADX = 32.823, Highs/Lows = 25.3073) but this is not the clue we are looking at for our next move. What seems to be more relevant now is how S&P traded on a similar situation in...
Momentum has turned bearish on many fronts. Bearish trend pressure coming from above. Currently hovering in a decision zone. Indicators: Weiss, Macd, EMA DYOR
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CAC is quite strangely printing on the big 1W/1M time frames a similar trading pattern with the early - mid 90s. The MA50/200 sequence is identical within a Channel Up with two distinct peaks that broke the Channel momentarily before testing again the supporting trend line. What stands out in particular is the +46.50% rebound from the first Higher Low on both...
Bullish trend is over for this and other stock indexes. ABC correction should start.
over-buy situation the bull trend slope is too high a call-back probably happen
The index is now testing the 1W Resistance (26,280 - 26,300). 1D has been trading on an Ascending Triangle pattern (RSI = 62.583, MACD = 150.200, Highs/Lows = 229.6786) and upon reaching this 1W Resistance zone on overbought stochastics (STOCH = 98.665, STOCHRSI = 90.823, Williams = -0.392) a sell window opportunity emerges. The SL however should be tight...
Dow broke out trendlines to the upside yesterday and also closed above its 100 MA and 200 MA for three days but its 100 MA crossed below 200 MA the first time since 2015 with a divergence of RSI on the daily chart. The Dow's 100 MA/200 MA crossing down could mean a lot from a long term perspective and we might see what would follow soon. Dow gaps up opening...
This study focuses on the very long term trading chart of Dow Jones since the Great Depression in an effort to determine if stock holding remains safe following the markets cyclical correction since last September. So far during each of the post war bull cycles every cyclical correction within the channels was supported on the previous Higher High. The only...
The U.S. stock markets have rallied nicely after last quarter's end of year route. This is encouraging generally speaking for the market and overall economy. The current price structure looks like the trend could continue and even push close to previous all time highs. With a Super Pivot Stack in place the price action suggests a move higher from here. At the...
Nasdaq has so far made a +13.55% rise from the December low, the strongest bullish sequence since the October All Time Highs. If this sequence is not a Dead Cat Bounce, then we've spotted a fractal that shows it can make an additional +8.45% rise in the coming weeks. Illustrated in orange is the December 02 - December 25 candle sequence that led to the recent...
We could see a bounce at the trend line that corresponds with the Support Will be monitoring the trade very closely with more updates on the World and US economy!
Technical Analysis and Outlook As shown on Nov 24 chart analysis, DJI inner Index Dip 23210 was completed as of Dec 20 trading session, while Current Index Dip 23365 is open for business. There is two additional Index Dip outcome for mid-long term perspective. Currently, we have two strategic resistance levels to be aware of. Mean Res registered at 23223 ...