Djianalysis
ECONOMIC RESET IS NEAR - LEVEL PLAYING FIELD IS NEARDJI VS GOLD
You probably noticed news media screaming about upcoming recession recently... Weird right? Sure is, because that's not exactly what is happening behind the scenes. In reality we are witnessing what is called 'economic reset' also known as financial systems reset. That means that even though recession like impacts are likely, you're not exactly going to see a full follow through this time.
Sure it's easy to make comparisons towards 2008 and say that due to negative yields and other indications that we will have 2008 on steroids... While those people would be correct in a way, we see it a bit differently.
Crypto currency was not invented by mistake and released in the form of Bitcoin in 2008. It was created to 'beta test' a new type of economic system which would result in a 'levels playing field worldwide' and ensure near instant money transfers from point A to point B, eliminating third parties while at the same time increasing control over money flow. I'm not here to suggest that Bitcoin or some crypto coin will be used as global currency in near future and all that, but I am here to suggest that blockchain on which cryptocurrencies run today, might very well be used in the next generation of our global financial systems.
I'll dive deeper into that sometime in the future again, but let me quickly get back to the chart itself...
What do you see there?
On chart we see pre 2008 and mid 2008 crash money flowing out of stocks and into precious metals such as Gold. We then observe that same money slowly flow out during the 2011 - 2015 Mega stock market bull run but then we see Gold begin stabilizing around March 2016 and resuming the uptrend going into today, while the stock market slowly comes to a stall as we see an increase in the trade wars, negative yields, increase in debt and continued world political instability. What does all that mean? It means that the rich are slowly but surely migrating from the traditional stock market into precious metals ones again such as Gold. That also indicates that they potentially see more profits being made in Gold value rise vs the traditional stock markets. We have also heard IMF, World Bank and some of the G20 governments indicate that economic 'reset' is coming and we've heard some leaders express worry in regards to current economic state. Although it might be difficult to wrap your head around exactly what is going on and what is to come, it's surely alarming to see some of the top stock holders such as Warren Buffett unloading on the market while telling the average investor to continue buying.
Conclusion? Be ready for a transition between the old and the new economic/financial systems. There's no guarantee that we will see a shift or a price correlation in the traditional stock markets however its nearly safe to say that something is going to move sooner than later and to be prepared financially.
I will expand more on the upcoming resets soon, but at this time keep in mind that I am not a financial advisor, do not invest what you're not able to afford to lose.
Dow: Just Over 25,000 Monday; Then Brief Relief Rally; Then DownOn Monday I am targeting a finish just over 25,000 but not by much, followed by a slight relief rally to trap bulls further before coming down further.
My target is near 24,000 +/- 50pts by the Fed meeting in mid September where as a result of the stock market on the verge of collapsing, and the trade war escalation, there will likely be a 25bps cut. However, I do not see the Fed providing more immediate relief by proposing a 50bps cut. Therefore, I don't see a huge relief rally off the cut.
At this point, if the Fed cuts 50bps, this will induce more scare into the market as a confirmation of a failing economy. So a one day relief will turn into a potential melt-down. Moreover, I do not believe the Fed can rescue the market at this point (nor can the ECB).
Ultimately, to rescue the market from full melt-down and collapse, you will see huge fiat currency money printing in expense of the USD (and other currencies around the world). For this reason, people should have significant entries in Gold/Silver.
- zSplit
*Note: I will continue to update this idea incase Trump issues some "fake news trade updates", in which case relief rallies may extend further than I have suggested here.
Thoughts on the Dow Jones Heading Into the WeekendHope you guys enjoy the video, be sure to leave a like, comment, and follow for future posts!
The Dow Jones was down about 600 points today as President Trump continued his sparring session with China, and increased tariffs yet again. We can see a dangerous M forming on our 1 day time frame and I indicated crucial support levels with the fibonacci as well as the dashed red line. If those levels do not hold, we will see the Dow take a plummet in the next week, and the talk of a recession may become a reality. Looking at our shorter time frame, we can see the Megalodon timer giving us a green. I hope that this is a sign that buyers will hold the support levels for the Dow Jones, and hopefully the US and China can come to an agreement soon, so that we may continue our bullish run in the stock market!
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What's Next For the Dow Jones?The Dow Jones has been all over the news as always, but very volatile as of late. With trade wars escalating, the question of a recession is at the front of the headlines. If we look at our 1 day time frame we can see our fibonacci retracement level right below the dashed line I put on the chart. This is the danger zone. Looking at the chart pattern we can see a dangerous M beginning to form. The MacD also looks suspect as the DJI had a rough day. If the Dow cannot hold these levels between the dashed line and the fibonacci line, we may really see a volatile downwards movement. It is not looking great. If we turn to our shorter time frame though, we can see that the Megalodon timer is giving us a green. Hopefully this will be enough to boost us back upwards, because if not... the talk of a recession may become a reality!
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$DJI- Massive Crash ImminentElliot wave patterns always move in the same specific way. In a 5 wave pattern which will inevitably be followed by an ABC correction. The textbook example of the pattern is shown right below the monthly Dow Jones Chart.
The Dow Jones is a compilation of the top 30 stocks. A crash in the majority of these stocks would rock the global economy in ways that we have never seen.
By now you’ve probably been hearing people say here and there that the stock market is a bubble. They’re not the majority, but we saw the same sort of behavior during the Bitcoin rise to $20,000. Which was, of course, a massive bubble. These views should be taken seriously.
Because of the way that the Elliot wave works it is impossible for there to not be a massive ABC correction to follow, which could potentially last for decades.
Instagram: @Crypto_Planet_VIP
Website: Cryptoplanet.cash
BRACE! Wall street (DJI) in trouble. I review some of the potential moves on DJI and probabilities (not predictions) ahead. Importantly price has violently punched down through a daily investor zone. The weekly and daily time frames create probabilities for the south on lower time frames. This is both an opportunity and risk. Have a look and get ready.
Disclaimer : As usual if you lose your own money, kindly sue yourself.
DJI big fall aheadThe Dow Jones hit historical maximums. I believe this is just a bull trap and a big fall is on the cards.
We see on the chart a big RSI divergence and the price printed somewhat of a doji just before season earnings started. Also MACD (not in picture) confirms the bearish momentum. It has been reported that earnings this quarter are going to be pretty bad and the Fed rate cut has probably already been weighted in.
A fall to the 26700 area will happen in a quick way. I believe the correction will be stronger and a fall all the way to the 25400 area is very very plausible.
I am ready to short this market at the minimum retracement.
Do you have different ideas? Let me know in comments!
Recession Part 1 : The Dow CrashSince last recession(2007-09) DJI have been growing steadily in last 10 years without any break.
All impulsive trends comes with pullback/recession/ and DJI is no such exception..
If dow jones cant hold above the redline (21640) we might see big down trend coming in markets which has already been started.
Few reason:
www.nasdaq.com
www.theguardian.com
www.washingtonpost.com
If recession comes then it would be a new opportunity in coming decade and can make you super rich and wealthy.But the question is will you be at the right side of the trend?
The DJI is Going To Make a Move SoonThe DJI has formed an Inverse Head and Shoulders Pattern, a break above the neckline will signify a pretty big move to the upside. However, it also is showing a Bearish Divergence on the RSI. If we fail to breakout, I believe we could see a sharp move down. It is also interesting to see Gold breakout recently, proceed with caution.
Daily DJI(Dowjonies) Forecast View26-Jun
Forecast timing analysis by pretiming algorithm of Supply-Demand strength
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward fluctuations.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
read more: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.2% (HIGH) ~ -0.5% (LOW), -0.1% (CLOSE)
%AVG in case of rising: 0.8% (HIGH) ~ -0.2% (LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.2% (HIGH) ~ -0.7% (LOW), -0.3% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Dow DJI LONG but massive Resistance in FrontHello to all watching my charts
Here i show the Dow Jones after the Fed Meeting
and market is closed on 19.6.2019
My channel system tells me we have still a Long Channel
and a long position should used.
BUT (what i normally not note ) we have now really
a lot of resistances in front which i have show also in blue color.
As you know form my other posts i always say:
Trend channel lines beats resistance lines
but if we such a power of resistance in front i cant ignore that.
So of course maybe this time trend beats also
but i would be very cautions with new longs at that point.
If you have a long position with a fine profit
maybe from 25100... i personally would tale the profit here
Please remember that.
Good trades
Renkotrade