- strong resistance around 340 - bearish divergences - bearish S&P500 (coming recession)
How do you think - will they rise? i think they will - why? Why not? Buy I am usually wrong, so perhaps this time will not be different. DOW is at interesting level, where market will need to decide - they want the blue chips to grow or fall... I am neutral at this point and I will be watching the events. Good luck all the TV community!
Bearish divergence and death cross. This idea is a trend hypothesis, do your own research.
Due to Delta Variant worries the market had a decent dip today, but honestly that is the least of my worries. The support and resistance channel was broken pretty badly as seen by my blue lines. Also with MACD confirming a dip to the downside it seems this will be a long term trend. However RSI is at a lower so it seems we will see a bounce back within the next...
A fortnight ago gave us a real warning with big drops in the market. 10th May was the last higher high and the stochastic RSI showed pressure and selling commenced .Close to a month later 7th June the stochastic RSI was overbought once again but this time the price had dropped a lower high position The structure is the same and the price making a 2nd lower...
Chart preview update Link to the original idea below
$DJX may be on the verge of a major decline. Many signals points into that direction: - S13 exhaustion point recorded today (October 6th) - Daily Price Flip - Daily close near Demand Line - Wave B recently triggered after a recent advance of 5 upwaves - RSI lagging near neutral zone From this observation, 3 different scenarios can be drawn: 1. Moderate Bear...
Trading complex corrective waves is very difficult. You know this to be true if you've been trading for the last 1.5 months. Well, this market is fickle. It didn't reveal its wave count until today. But now that it has, those who still have the energy and the capital will profit mightily. Wait just a bit longer and then fire the beam cannon. Heading straight...
Stock-market expert sees a ‘monstrous rally’ on tap next week, if 1 recent trend holds ??? Based on research from the Fundstrat team, the stock market will start to drive higher on Aug. 14, with the possibility of a 30% rally in store for equity markets over the course of the ensuing two weeks. “Since 1920, every stock market decline >35% saw a symmetric price...
the DJI rose 600% from its last crash coming up to 1929.
If resistance has been found, down we go...
Hello guys.. I am happy because you guys have supported well And I will work hard for you. Just like and follow me. You have to check my target not my chart quality because I am always right. D J X is very burning point which is given in chart. Enjoy.....
Double top on Dow Jones - Plus a bearish divergence detected on MACD. Next direction is down! No way to go up. We will see a tumble on the main American index on next weeks. Thanks, See you, Simone
Food for thought as the trading year approaches it's end. This count suggests lower prices below 23000 level. And reflects my belief that a 5th wave Cycle degree is still pending and that the 4th wave is yet complete as an expanded flat