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Djia

DOW JONES Trading PlanPattern: Channel Up on 4H. Signal: (A) Sell as the RSI got rejected on its Resistance Zone. Wait for the MACD to cross in order to open the position. (B) Buy if the 28160 Resistance breaks. Target: (A) 27000 (projected contact with the 4H MA50). (B) 29700 (+14.50% rise from the Higher Low). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! Shout-out to TradingShot's top TradingView Coin donor this week ==> @scheplick
TVC:DJI
by TradingShot
1
Follow the smart money! 1. Bonds are showing a very similar up trend pattern as in the early 2020 (black line) See what happened next in late February and early March. As soon as the market started its descent, bonds shut way up ! 2. The dollar appears to want to bottom. Where did it go when bonds shut up? (Orange line). There was a small lag but DXY went way up to the roof! 3. What does it mean for Gold (cyan line) & miners? As the dollar shoots up, Gold, priced in USD, will correct like they did then. Target is hard to establish at this point but a significant pull back is expected. I will update when I am out of this trade. 4. Conclusion, as soon as the over valued stock market shows signs of weakness, bonds will shoot up, the dollar will follow and gold & miners will correct significantly. As they also did in 2008 (not shown in this chart) before taking off! Please note this is a short term view (30 to 60 days). I am bullish on gold and miners long term. However, a great entry price should come soon. Why not profit before then? Disclaimer: The above is not an investment advice. It is merely an opinion and I share it for your entertainment only. Do your own due diligence and above all, trade safely and stay safe!
AMEX:GDXJShort
by adventurous51
Dow Failed Bullish wedge and H&SOn the left we can see the Dow was making an inverse H&S on the daily chart, but as you know i always find these kind at these spots very unreliable. But as we all know, retail has been pumping the stock markets and is also probably a big cause to why it even got this high past 2 months. Anyway, Dow failed to push higher last week, making a double top at the 27200. But maybe even more important, it did a perfect retest at nr 1 two weeks ago, but then got the second rejection at 27200. Since then, it has been testing the neckline around 26400 for several days in a row. Normally, this means the inverse H&S will fail. Retests should normally not take too long because that doesn't show any conviction then. On the right, you can see several support lines. Something i have shown past months with Bitcoin as well. Where all the potential bearish pattern got saved each time by these trend lines. Which is of course not uncommon during an uptrend. So, as long as we don't see a clear break of that line, the market could still turn up again. Think the max support is around 26200 now, at 26000ish there is another support which could still give some support to make the candle wick above the 26200. On the left there is also a trend line it seems, don't know if it already broke or still hanging above it. Big picture: think in case we drop to 25.000/24.500, good chance we see a bounce again, but i am quite sure that eventually we will drop withing a month or so. Since a right shoulder will likely be formed after touching that big support zone, but i assume it will just be a temp thing. Something like this: So in other words, think bulls need to keep it above 25K, otherwise a very big chance that HUGE support zone around 24.5K/25K will most likely break and then should cause another big wave down. Don't forget to like if you appreciate this :) Previous analysis:
FOREXCOM:US30
by botje11
3
Investing is no longer a luxury but a NECESSITY Let me be bold to say that - investing today is no longer a luxury reserved for those with money but in today's ever changing world with more uncertainty than before, it is a MUST to invest. This is pull out from an article here , but the gist of what it tries to say is best illustrated with figures : The Purchasing Power of the Dollar -What is $100 worth in 1913 over time? 1913: $100 1923: $57.89 1933: $76.15 1943: $57.23 1953: $37.08 1963: $32.35 1973: $22.30 1983: $9.94 1993: $6.85 2003: $5.38 2013: $4.25 2019: $3.87 Firstly, gone are the days where money saved in banks can get you a decent interest. Secondly, the eroding value of money over time or inflation, in short will takes away the spending power of your dollar bill as shown above. Being a millionaire in 1913 and not using it wisely and keep till today will only result in $38, 700. You lost a $961, 300 by doing NOTHING !!!! Doubt that is a good and wise decision to take. Fast forward to 2020, it is becoming more important , in fact a pressing matter to save and invest wisely as the world takes on more challenges, food price, gasoline, accommodation, etc are becoming more expensive. All these are happening while your meagre salary is not increasing 10% a year ! If you use a variety of instruments, like index, forex, commodities and stocks ,etc to invest over a period of 20 years, say from 2000 with an initial capital of 10,000, earning a compound interest of 20% a year , you would have 383,376 in your account now. This requires time, patience, market timing, stock picking , trend analysis, etc but the most important part is to take action early. It is never too late to start, whatever stage of life you are at. Even with 100 dollars, you can still make great returns if you have the hunger to do so.
TVC:DJI
by dchua1969
ridethepig | Quarterly Updates in the Dow📍 The Pinned Buyer => The move lower is justified, since Equities at these levels are as good as forced. After Fed and other CB intervention has stopped, it will inspire anything but confidence. => So a health crisis, thirsting for a vaccine allowed Equities to outperform last Q as a haven for the bizarre 'Keynesian stimulus'. The correct move was a dead-cat-bounce and early buyers were slight! Now that we have cleared the knee jerk phase, what will follow is an elegant catastrophe. Let us look at that DAX chart for reference to the dead-cat-bounce: After overshoots to the downside Buyers defended their game in an entirely rational manner, but now they commit a mistake which enables a snap decision for risk bears. Even those who are bullish on the ST outlook can admit these levels are unattractive in view of the fact that a second wave will oblige surrender on the activity. Remember re-openings are political fairy-dust, confidence is just not there and a quick look at VIX sitting above Lehman levels tells us this. Here many roads lead to home. Unfortunately thanks to the presence of real risk into US elections and year end flows. Thanks for the support coming with likes, charts, questions and etc. As usual keep the feedback coming 👍 or 👎
UShort
by ridethepig
8