Djia
DJIA REJECTION - SHORT TERM BEARISH BUT WILL RETEST PREVIOUS HIDJIA REJECTION - SHORT TERM BEARISH
Short Target As Indicated
Then I'm Expecting It To Retest Previous Highs
*Still On A Upward Channel And Showing A Bullish Sentiment
*Be Wary - Could Be Forming A Distribution Pattern
*My Bias Is Still Upside - Investors Showed A Lot Of Interest (Value) From September Crash
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⚠ DISCLAIMER:
Trading Involves High Risk! I Share My Trading Positions And Ideas With You For FREE
BUT Please Be Responsible For All Your Actions.
This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
SPX500 to ATHsEquities will only continue up through and after the election. If stimulus is kept until after, then it was all a ploy to keep the market up no matter the winner. This was a major, pump and dump.
POSITION YOURSELF TO SERIOUSLY CAPITALIZE.
Don't forget the dollar is meant to strongly devalue from neverending QE.
DOW JONES broke above the 1D MA50. Buy Signal.Pattern: Channel Up on 1D.
Signal: Buy as the price broke above the 1D MA50, crossing it as a Resistance for the first time since April 27. Also the MACD formed a Bullish Cross. The past 3 occurrences initiated a rally.
Target: 29200 (the Resistance).
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$UONE The $SPI $SUNW of next Week? The Catalysts Say Bigger...Let’s compare: $UONE 1,600,000 O/S 980K Float
$SPI 15,000,000 O/S
$SUNW 16,000,000 O/S
You do the math.
We went from $2 to $50 last time on absolutely no news. Trump announcement of $500,000,000,000 into Black communities announced near the end of trading day on Friday kicked off a 100% into the close of A/H's trading, closing near $8 from $4 I anticipate a move to $50+ by Tuesday. Last time it took about 2 days to get to $40 and 5 days to get to $50 I believe it will be alot faster and harder this time around.
We could possibly even see $70 when this is all said and done.
Corrective move could be in it's final fase.Dear traders,
According to my wave count we should be nearing the end of the correction that has been going on this entire month. 26300 is my final target before I expect the bulls to really wake up again. This area has been a battleground before. During this year's summer we've seen it as both resistance and support, and also last year this area was of importance to many traders.
A succesfull rebound means we can start looking back up again to finally try and beat the 30k.
Don't worry too much about the US presidential election yet. It's still 6 weeks from now and during that time a lot can happen on the market.
So for now my strategy remains selling the rallies until either my target has been reached and/or the bear channel has been broken to the upside.
Click on that follow button if you want to enjoy regular updates on major indices, commodities and forex :-)
Best regards from The Netherlands and remember: always use stops when trading!
DJIA, Moving In The Channel, These Steps Ahead!Hi my friends,
since the bearish breakdowns established within the major indices and also within the DOW JONES, it is showing up with some interesting price action at the moment, as the market is slightly oversold this can lead to some possible rallies firstly on the shorter term sooner or later, in this case, I detected the important levels and possible outcomes within the index to consider further destinies, for now the trend still remains to the downside however this can change when the index manages to show up with the right price action, till then we should not keep the established bearishness by side as the direction factly is still to the downside.
Looking at my chart you can watch this huge descending-channel-formation marked in blue, within this channel the index has build up a wave-count coherently following up to the downside, at the moment the index forms the major wave D in the wave-count which will run directly into strong resistance layers, firstly consisting of the falling upper boundary, the 100- as well as 200-EMA marked in black and also the horizontal resistance coming into the surface here, these all together forming a coherent and logical resistance cluster which is likely to be confirmed to the downside when touched, this mechanism will set up the final wave E.
When the index shows up with the most likely scenario forming the bearish wave E to the downside, it has the possibility given to recover which can be done in the blue back-up-cluster marked in my chart, where the end of wave E coming together with the lower boundary and the Fibonacci-support lying there, all together building the support from where a bounce can be done, in this case, it is from high importance that the index really bounces in this range because when the index moves swiftly below it and closes below this can invalidate the channel breakout which is not the most likely outcome for now however this scenario should not be underestimated.
In this manner, thank you for watching, support for more market insight, good day to you, and all the best!
“There are many roads to prosperity, but one must be taken.”
Information provided is only educational and should not be used to take action in the markets.
NOVN$NOVN RSI way overbought, could reject here retest .36c B4 breaking up or could just power through straight to .80c So I am holding & watching
Dow Jones - support has been brokenIn our recent analysis, we have mentioned that the DJIA may create a potential head and shoulders pattern. A few days later the trendline and the support line had broken which could confirm the mentioned pattern.
It seems that the broken support at 27196 pts could be a possible resistance right now along with the broken trendline and an upper limit within a downward channel. The next potential support could be located at the line drawn through the bottoms and at the low of 26014 pts.
Due to the spotted lower highs and lower lows we could say that the market creates a downward trend. It seems that only a move above the upper limit within the channel would change the sentiment from bearish to bullish.
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Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
ridethepig | Dow📍 Major Updates on Dow, Nasdaq and S&P coming this week.
Equity buyers are not happy, the loss of the technical structure seeks compensation and yet in similar risky fashion the Portnoy crowd continue to buy the dip at over extended levels. The one missing aspect to their account, inflation, it will land a devastating blow to the real economy and eventually, when the Fed taps, the stock market will follow.
The Russell already broke down:
Late buyers are trapped. We are going to hear a lot more on the media about how investors continue to rotate to value, but the cycle down has already started and this is an advantage to sharp speculators. To the downside the levels to track 24,500; 22,800; 18,600.
Thanks as usual for keeping the feedback coming 👍 or 👎
ridethepig | Unfinished business in the Dow📌 General remarks
After we completed the breakdown as expected, we have a valid swing down for sellers. Today flows look set for a small pullback before continuation of the decline into 26,376 and 25,139 as the main targets below. This is a leg of two halves, we have a zig and a zag. We are trading the pullback in the Zig before we function the continuation of the zag, you get the point!
In this case, before we tackle the impulsive legs we should quickly check the behaviour of the market as we approach the C target. It can be concerning for some sellers that the possibility of continuation with vaccine holy grail - a valid and diagonally opposite force to the bearish case of a major cycle down in the global economy triggered via health crisis .
What all of these undermine is confidence and the powerful urge to take on risk diminishing. Vaccine or not, sadly there is no chance of this making its way around supply chains till 2021/2022 so we have at least 2-3 more quarters to get through in this cycle down. As I keep repeating, most recessions are typically 5 quarters in length and it is not uncommon for 1 or 2 of those quarters to be bullish, this is part of the repositioning battlefield.
Impact of Presidential Election on Financial Markets.________________________________________________________________________________________________________________________________________
Hello Traders Investors And Community.
Welcome to this educational idea about the Impact of Presidential Election on Financial Markets. First of all, this is not a political view at all nevertheless we
are facing the next important event that can have a substantial effect on the financial markets and therefore also important for traders and investors. Coming
to this conclusion the history has shown that the presidential election and its pre also as post events can be suited into a whole presidential-election-cycle in
which the several stages and timeframes within the cycle affecting the performance of markets.
For this case, I looked at the past data and how presidential elections affected market performances and found out some very interesting and worthwhile
things about it, these data resulting from the past election data can be measured into a 1.5-Year-Presidential-Pre-And-Post-Election-Performance-Cycle and
the whole 4-Years-Presidential-Election-Performance-Cycle , both cycles are measured by historical market data and have a logical and coherent approach
within them as the reelected or elected party together with the president playing an elementary role within it.
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1.5-Year-Presidential-Pre-And-Post-Election-Performance-Cycle:
As you can watch in the graph on my chart, the past data has shown that it is a meaningful factor wether the elected party gets reelected or other party gets
elected. This is matching with the theory that the new elected party needs to adjust firstly to increase economy properly, however what they both have in
common is the decline in the first year after election where the market has shown decrease whether under the incumbent party or new elected party.
Furthermore, the graph shows that certainly after the first year since election has passed the market tends to increase where with incumbent parties the
market performed better and on the contrary, with a new elected party the perfomance of the market increased also however not that big as with the
incumbent party where the increase was partially four times higher.
Besides that what is also really interesting here is the difference between the incumbent party and new elected in the last six month to the new election,
where the market showed some steady decrease in growth however still an increase with the incumbent party while under the new elected not that
much and also showed declines to the downside.
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4-Years-Presidential-Election-Performance-Cycle:
This graph shown in the left bottom of my chart is explicating the importance of the 4-years passing after a election, where the market clearly showed a
weaker performance and possible declines in the first year after election which is matching also with the first graph and 1.5-years. This can result of a first
adjustment in the market to this fundamental macroeconomic event before it can regain in pace together with the elected party and economic policies.
The performance increased averagely steadily in the second year after election in historical price data till it reached its peak in the third year before election
as the sitting party and president going into the objectives they have set in the campaign to increase the economy and with the goal to get reelected, this
data was fairly consistent, regardless of the presidents and party political leanings.
In the first year the peak performance going a little bit back which is also matching with the first graph where it also counts on the incumbent party or the
new one, this year is the preparation on the new election and data has shown that performance has experienced steply declines till the election countdown.
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Conclusion:
Taking all these factors into consideration we can say that the market in the first year after election begins to grow slowly and firstly adjustes to the election
results as the party comes in touch with it, then the performance begins to grow after the second year, here is it also a fundamental factor if the incumbent
party got reelected or a new party got elected, as the incumbent reelection showed averagely better results. This tendency to the upside reaches its peak at
the third year and then falls slowly till the election countdown. These data has been really coherent and repeatedly in the past that is why the election cycle
is an important measurement that should not be kept by side. At the end it has to be noted that a massive swift in politics can also transform the cycle into
other performances, however, this did not happen till now.
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Outlook:
It is no more than two months till the next election is taking place and it will be an significant occurrence as historical data has shown if the incumbent
party currently consisting wins the election anew or new party is going to taking place which can change performances. Not only by the fact that history
has shown declines in the first year after election we should not ignore that the corona crisis is still not yet over and that there exists a gap between real
economy and stocks where real economy is still damaged by the corona increase and measurements while stock market making gains, this is an unhealthy
environment which can unload itself, the real economy and stock market need to grow together for providing a solid market growth, this current economic
disadvantaged situation matching with the first performance year after an election which is averagely not the best can take place into an inconsistent market
outlook, therefore we should not keep the decline perspective out of sight especially the weeks and months it can show up in critical movements.
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In this manner, thank you for watching , support for more tutorials and a good day!
"There are many roads to prosperity but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
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Head and Shoulders formed in DIAHead and Shoulders pattern created in DIA chart on September 17th. Downward baseline/trendline formed between the 17th and the 30th of July. Idea is that the market drop from the Head and Shoulders pattern must break down through this trend line (minimum drop level) before a bottom forms from this play. Short Call.
Dow Jones - potential head and shoulders patternLooking on the daily chart of the Dow Jones Industrial Average we could spot a potential head and shoulders pattern which has been creating under a key resistance - the bearish gap from February.
If the gap holds the market could move lower and break the trend line and the support at 27196 pts. Near this support, a potential neckline may be located. It seems that move below the support may open a way to the potential target located at 26014 pts.
________
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.