Wow, stocks have really made that V shape recovery and have almost entirely consumed the initial sell off. Record levels of fiscal stimulus and support from central banks along with investors having no where else to put money has lead to this.
The Dow Jones is now trading just above the higher timeframe weekly/daily 0.786 fibonacci retracement level drawn off the...
I am liking the look of shorting Dow at this intraday day double top right now. Nice bearish 1hr closure and some seller momentum coming in prior to tomorrows NFP.
I will make this trade risk free as it makes its way to the bullish 1hr trendline and 50EMA.
If that breaks then I have longer term profit targets at 25,000 and 23,000 (very long term). I will manage...
Are we noticing a sell off from the us30! I have added my analysis
4hour trendline broke and retested fib broke and retested the 50% fib with strong daily Resistance!
This is a swing trade looking at high gains!
The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in...
DOW30 - Intraday - We look to Sell at 25500 (stop at 25650)
The rally was sold and the dip bought resulting in mild net losses yesterday. A shooting star has been posted as prices reject the higher levels. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. With our medium term bias looking to fade gains...
DOW30 - Intraday - We look to Buy at 24850 (stop at 24700)
Previous resistance level of 24900 broken. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. Trend line support is located at 24700....
I can see a few key pieces of technical analysis on the Dow Jones index that I am paying attention to. The first is the bullish trendline that was quickly broken back in early March this year. This shows a significant shift in momentum and the higher timeframe trend technically became bearish when this occurred. Since the lows of near 18,000 were made and the...
From previous chart - buy at 22976, almost 700 pips earned. I just changed the strategy by now from long to short, take profits now as has already earn 700 pips and wait for a correction and triangle patterns. I guess that it won't go up and was resisted by both trend line and EMAs, and would break 133337 key support, no one can save US stocks then. It may fall...
I see the DJIA Dow US 30 falling in the near future.
Even with my short bias, anything can happen as we are in times where big events are happening all over the world.
It looks like we are currently in a range and I expect to break out to the downside at some point.
This is my long term view.
The 24,000 level seems to be holding strong on the intradays with price rejecting it twice recently. I believe we should see more downside on US Stocks tomorrow and through the rest of the week.
Strong selling momentum last week and this current pullback/consolidation should break to see more selling continue. I have got 2 targets on the charts for near term and...
Daily Notes. Updated through the day.
*not actively looking to trade today with it being end of month.
Bias S rallies and potential for L scalp trade on VP Level.
Order Hit. L - VPSV level (support) (24320) T1: (24500)
Key Call Outs.