GE is on Higher Highs on the 1W chart for the first time since August 2016. That was the last peak before a strong 2 year bear cycle hit the company. As you see on the chart General Electric's trend is a parabolic Channel starting with the All Time Highs in 2000. This long term curve has entered its asymptotic phase and may initiate the recovery back to the...
DJI is trading on a 2 month long 1D Channel Up (RSI = 67.760, MACD = 270.600, ADX = 45.275, Highs/Lows = 174.000) that seems to have reached an inner peak. With the RSI on the 4H chart also on the Resistance Zone, we are expecting a minor pull back that will give us the opportunity for a long position. The current Support Zone is 28,900 - 29,010 with 28,700 as...
SPX is trading within a 1D Channel Up (RSI = 64.687, MACD = 28.070, ADX = 51.456, Highs/Lows = 0.2723) since the October 3, 2019 bottom. There is however one bearish divergence signal that calls for a sell towards the 3,070 1D Support if the 1D Channel Up breaks to the downside. That signal is the RSI which is trading sideways (at best) on a pattern that resembles...
Nikkei has been on a strong 1D uptrend since the August rebound on the 20,115 1W Support and just recently 1D turned neutral (STOCHRSI = 53.869, ADX = 18.607, Highs/Lows = 0.0000) showing possible signs of exhaustion. The 1D RSI is on a bearish channel, diverging from the price action and that could be a first sign of a short term trend change. We have traced...
The Volatility Index is currently pulling back on 1D turning neutral again (RSI = 51.020, Highs/Lows = 0.0000) with MACD still bullish (0.780) but decelerating as it approaching the 1D MA50. Based on a similar pattern in 2018, the index should break below and consolidate for the next 2 months restoring stability back on the markets. ** If you like our free...
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...