US30 in a bearish trend on the 4hr chart
Price is pulling back in to the 50ema and fib cluster zone as shown on the chart.
I am waiting for rejection candles to form and then short down to new lower lows at 24500
At today's FED meeting a cut of 25 basis points is expected in response to the slow in economic growth and stunted inflation. This could be the signal that the markets are topping and we are due for a big correction. Currently Dow at all time high with support zone holding at 27000. A break of the support and 200SMA could signal a short as the market top....
My own indicator the Mojiadoji is flashing panic across the boards .Black Monday is upon us ,the rich will become the beggars ,the fools become the wise .
I'll be popping champagne while the Wall st wizz will be popping his head out a 44th storey window surely followed by the rest of his body and a few colleagues that went balls deep in this good times...
DOW30 - Intraday - We look to Buy at 26775 (stop at 26700)
Prices have continued the bearish move lower and resulted in 4 consecutive negative days.
Afternoon dips were bought into and follow through bullish momentum resulted in the market moving higher.
The overnight dip has been bought into and there is scope for...
The rally was sold and the dip bought resulting in little net change yesterday.
News events could adversley affect the short term technical picture.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
Price action is forming a bearish flag which has a bias to break to the downside.
Although an initial dip was posted, buyers emerged and follow through bullish momentum resulted in all the previous day's losses being overturned.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
Trend line resistance is located at 26890.
Bespoke support is located at 26725.
There is no clear...
Trade valid until 21:00hrs (UK Time)
US30 - Intraday - We look to Sell at 26600 (stop at 26675)
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Prices have continued the bearish move lower and resulted in 2 consecutive negative days. Further selling is expected to follow with the hourly Ichimoku...
Ive been waiting for shorts on US indexs for months now. Finally reached my sell zone. Ready for the bubble to pop. I see traditional markets as inversely correlated with the cryptocurrency market, i can see alot of money leaving stocks/indexs etc and pouring into cryptos. Lets see
It is good idea to compare instruments to get a deeper insight into potential big moves. In this 3 min tutorial I show how to create four scales on the right of the chart for four instruments.
To add instruments you use the compare button.
Then us a drop down arrow on the instrument at top left to find Pin to scale.