Djia
DJIA: Monthly - Targeting 966 in 2020This idea is based on the previous original idea of a -90% market drop in the year 2020
DAX30: Weekly - Long-term chart targeting 1566 till year 2020
The market will reset this year and drop -90%
Dow Jones range bound....for nowAppears to be at the upper end of the range. The probability for a drop is higher imo unless it crosses the upper line.
The closer is July, the closer is 18500?I believe that the FED and U.S. Treasury are doing pretty good to support economy with their moves. However, I made a very simple observation on what DJ path might be in case economic and Covid scenarios get worse. I based my observation on a series of increasing tops(1,2,3) started after the March crash and not followed by another absolute top(4). This could be consider a first weakness of the V-shape recovery. I also see the crossover between a 20 SMA and 60 SMA. The closer we get to July with Q2s, the close we get to 18500 again ?
Dow Jones Industrial Average - Short OpportunityDJI might have some percent upside, but the market is starting to show weakness. This recession is just starting. Here is a shorting idea.
GET READY TO SEE TREND CHANGE IN DOW FROM MONDAY ONWARDS TRADE PLAN FOR 18/5/20( MONDAY)
1. The chart I am showing is the daily chart of DJI . Here currently dow is in local distribution phase , where last leg of upwards move is going on. In fact intermediate corrective structure last leg.
2. This is irregular corrective pattern whose last leg is expected to go in red dotted upper micro zone . This the point where this local phase of distribution will end with the completion of c leg of intermediate correction is expected to finish. It may be possible that price would move from lower end of red dotted zone to down side.
3. When this sort of structure gets completed , then with trend gets started that is from point Z is down. Therefore, as per my analysis dow will see fall from Monday on wards. As you all know stock market is game of probability nothing can be 100% sure. So some conditions also apply with this analysis. lets us discuss them in detail.
4. You can see in fig. I made an arrow of green color pointing towards up side. In fact that is showing one condition here. The condition is If price breaches the upper end of micro red dotted zone and comes back in next one hour with out breaking swing of upper side and the day candle closes in red zone, then this zone will remain intact. And positional shorts can be taken with the stop loss of upper swing high. with the first target of blue support line.
5. On the other hand , on breaching price from upper band of red zone and price do not cone back in next one hour of trading then sentiments of shorts will change to longs. Rest market will decide . Price is supreme.
YOGESH VATS
DJI set to go up for second half 14 MayWallstreet is dancing against all odds and its time to make some small profits in day trading tonight.
Make sure to check my next idea for the closing trade.
Dow Jones - neckline has been brokenThe Dow Jones Industrial Average has created a potential head and shoulders pattern below the key bearish gap as a possible resistance area. The neckline drawn through the recent bottoms has been broken. This may open the way to the textbook target located at 21795 pts.
Only a move above the mentioned line or above 24412 pts. may cancel the current bearish view.
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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.
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DOW JONES INDEX Analysis .I think CURRENCYCOM:US30 Index is facing a key level at around 24400 (Green Line) .As long as we don't close significantly , in an upcoming day , above the green line and break above the black line above it , I don't think there would be a reason to believe in a real bullish continuation and recovery of the DOW JONES .Price could try to break the green line by going back to the 22350 (blue line) area then bouncing up from there to break the green line area , but If the bulls fail to help the price bounce up from the blue line , there would be a considerable probability to break below the blue line and eventually return to the starting point at around 18250 .
$US30 | SELL TRADE | +800 POINTS IN PLAYIt is a little hard to lay down a road-map for the US Indices given the uncertainties surrounding the whole coronavirus situation, therefore best to break it down piece by piece - week by week.
A little hard to try and guess what will happen in a more longer term horizon.
For now I see a short opportunity as we complete a 1-5 | A-B-C Cycle.
Hypothetical scenario:
(1) Entry @ $23,786.00 (Sell Limit)
(2) Stop Loss @ $24,287.00 | 501 points
(3) Target @ $22,921.00 | 865 points
(4) R:R = 1:1.72
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
Sideways TradingStock bulls point to a gradual recovery in the economy and consumer spending, and any resumption of index sales will be mixed by rotating the sector to conventional defense sectors and technologies.
Add to that the willingness of the US government to provide additional impetus and the resumption of trade talks between the United States and China.
The bears dispute that markets have returned to overvalued levels given the continuing decay in revenues, not forgetting the fact that consumer spending (and employment) have not yet reached their worst levels and new doubts about the efficacy of trade negotiations between the US and China.
