Get started

Djiaprediction

DJIA going up more or a reversal is dueHello everyone , as we all know the market action discounts everything :) The Dow Jones Industrial Average closed at a record high on Friday while the market close above 35,000 for the first time ever, bringing its gain for 2021 to more than 14% clinches four consecutive days of finishing in the green, The DJI seems to be getting even more momentum by day and we could be seeing something big happen in the next few months and the price reaches the 40000 range. Using the Eliiott waves theory we can see that the market could be in the middle of his second impulsive wave and the price could be reaching the 35411.49 resistance line by the end of the wave . The market movement is still in the range of a upward channel with no reversal patterns to be found yet , A move over 34951 will show us the presence of buyers. breaching 34993 will tell us that the buying is getting stronger. This is a potential trigger point for an acceleration to the upside since there isn’t any resistance . A move under 34951 will show us the presence of sellers. If the move is able to create enough downside momentum then we might be looking for a pullback into the first retracement zone at 34308 to 34146. Since the main trend is up, buyers will probably come in on a test of this area. technical indicators showing that : 1) The market price at 35061.56 trending above the MA 34765.01 and EMA 34747.79 (bullish sign) 2) The RSI is at 58.21 showing great strengths in the market with the possibility to reach overbought zone soon (bullish sign) 3) The MACD at 131.29 showing great momentum in the market with a positive crossover happening ( bullish sign) Support & Resistance points : support Resistance 1_ 34527.11 1_34969.30 2_ 34366.37 2_35250.75 3_ 34084.92 3_35411.49 Fundamental point of view : The focus shifts to tech stock earnings and the Federal Reserve. Traders aren’t expecting much from the Fed, which is why the market has been rallying. Investors seem to have accepted the notion that inflation is temporary. The risk is still to the downside since the Fed could surprise again by announcing a tapering date or moving the date of the first rate hike closer. The Fed wraps up its two-day meeting on Wednesday and its statement will be scrutinized for any mention of the timeframe for tapering its asset purchase program, although Chairman Jerome Powell made it clear in his recent testimony to Congress that the U.S. economy still needs the central bank's full support. In June, policymakers began debating when to start cutting monthly purchases of $120 billion of Treasuries and mortgage-backed securities. Powell may indicate that while a discussion on tapering has started, there is still time before officials reach a conclusion on what they will do. Policymakers are expected to highlight the risk from the rapidly spreading Delta variant, which investors worry could derail the economic recovery. Most analysts expect the Fed to give a clearer indication of its plans for scaling back its quantitative easing program at its annual conference in Jackson Hole, Wyoming, in late August, before a formal announcement on tapering later in the year. According to investing and dailyfx _____________________________________________Make sure to Follow and Like for more content_____________________________________________ This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view , not financial advice. If you have any questions please ask and have a great day !!! Thank you for reading.
TVC:DJILong
by GabiDahduh
I MADE THIS FOR YOUUUU!!!Drink...my....HOT......KOOLAID!!!!! Just my observations looking back on all the events during this credit expansion cycle. VERY interesting when you look at the RSI indicator below. Look at all the historical market events that correlate to exact tests. ***The Cryptocurrency markets will lead the way off the cliff. We may have already started... I really don't know if we're going to 100k but I am holding my crypto still because it is the future. Think about it. The best performing assets usually are the ones that crash and pop the bubble because they pumped the bubble up so much. What has been the best performing asset over the last 10 years? Crypto. I love crypto and know blockchain is the future, but my blockchain friends need to remember that crypto will most likely crash similar to the 1929 crash. We'll wipe away all the bad cryptos and fakes by devastating the market so badly that only the real projects stay. Those will be the Amazon, Apple, and Google of crypto. If you have cash at the bottom of the crash and are able to invest then, you could be set for life. Should be able to buy a country if you figure out how to short this correctly. I appreciate any advice you experts may have. Buying VXX puts seems to be the general consensus. Maybe 1-2 years out?... I've only traded for 6 years so I'm still trying to understand the markets. (NOT FINANCIAL ADVICE. Just what I'm seeing.)
DJ:DJIShort
by MonetaryRebel
2
DJI 34269 - 0.36% SHORT IDEA * MONTHLY OVERVIEWHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE DJI INDEX FROM THE MONTHLY CHART. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
DJ:DJIShort
by PULEMokhothu
FINAL WARNINGI am OUT. This is getting crazy and I am pretty gosh darn confident in this count!! The RSI readings match the wave count as well. Red Box = retest of the momentum resistance, indicative of a wave 5. Yellow boxes = I zoomed into just that final wave 5 we've been in for 12+ years and it has retested 3 times! I'm seriously creeped out. *My theory is that once the public realizes that inflation will not be transitory and that all their expenses are going up, the musical chairs game is going to end. No shame in taking some profit at least if you've been in this market for a long time. THIS IS NOT a correction that I can advise you just hold through. THIS IS depression-like correction that's coming. You're gonna be holding the bag for probably 20-30 years before we get back up to these prices. Please prove me wrong. THIS IS NOT FINANCIAL ADVISE.
TVC:DJIShort
by MonetaryRebel
12
So I'm Bearish...LongtermLooks like we are in the end of an extended wave 5. Looking for a market top coming in the next year or so. Retail reddit traders blowing up stocks is a clear sign that we are in the final impulse as retail traders don't typically get personally involved until the end. Also the hedge funds getting margin called is a warning sign that people are overleveraged. *Notice how in the 70's when Nixon took the USD off the gold standard, the market began it's extended 5th wave. If he hadn't have done that, the market most likely would have had a normal 5th wave comparable to where our current subwave 1 of 5 ended around 1987. So in that reality the 80's would have marked the end of the cycle. We would have gone through another depression and then started a new cycle with the internet boom, but nope. Honestly China might take over because they'll be able to fund larger deficits and sell their bonds to take over blockchain, while we're paying off all of our ancestors debts! Building up positions in the VIX. If this is the top of the top though....WTF do we do...? People say gold and silver. We also have crypto and defi now so that's good. Maybe other countries or emerging markets? The U.S. dollar cracking is gonna be part of this so sitting in dollars isn't really an option this time!
TVC:DJIShort
by MonetaryRebel
2
The Bubble End Game (in terms of the Dow - DJIA)OK, so this I had mapped out quite a while ago but despite my general agreement with the widely circulated May 24, 2021 Dooms Day predictions (in as much as a likely date around which the music will stop ), this (chart)setup was still missing it's trigger . - Until last Friday, that is. That last 15 minutes of trading on Friday, March, 26., 2021 was no ordinary window-dressing! That was a no-holds-barred locking onto the Final Target and simultaneously initiating the count-down, All-in . (By various players and in no small part by Sovereign Public "Investors" - i.e.; Central Banks.) If one examines the Who bought What, How and Why - and why at that exact moment -, the gig is up. - Not that those key players had any place left to hide hence, the notable drama preceding the whole event during the previous 24 hours. (I imagine that by the time of this posting it's all out there so I shall spare the repetition.) At the risk of stating the obvious, the size and enduring length of this current Speculative Bubble deserves (even demands), at the very minimum, at least an attempt to find some still unsuspecting buyers to trap and onto whom to unload as much as humanly possible before the music stops and the silence becomes deafening. - And that means; An Exponential Blow-off Top .... that was the trigger , this picture was missing, until last Friday, that is. (And Yes, last Friday's market close was the first and only trigger , in this particular frame work.) - And since nothing tickles a (historically uninformed) speculator's fancy like a no-rhyme, no-reason, all-in, exponential charge into oblivion... Well, you got it! - Or at least the beginnings of one. So, what is special about Dow 37130-37250, around the 1st week of May, 2021 that would make it a likely Final Price Target ? - Confluences! Providing a (rather obvious) Final Top between Dow 37130 - 37250; ... and potentially close to the much-touted May, 2021 time frame. ... after which, most likely; ... nothing but Gravity. Game on!!...
CBOT_MINI:YM1!
by Nemo_Confidat
5
I'm hearing scary things - SELLI am short the entire market. What I was just told by a high level politician is earth shattering and biblical. The USA Corp. is bankrupt. The previous president signed a new Declaration of Independence on July 4, 2020. Check his wife's Twitter posts. The United States is now running under the original 1776 Constitution and everything that has happened by the new administration is null/void including the inauguration. I was told everything Congress and the Senate are doing and have done, is null/void because it was done under the old USA, Corp. I was also told, due to the election fraud, and the illegal certification of a fraudulent election by the previous V.P., it is treason. I was told to read the 14th Amendment. I was also told the military is running the United States, and not who you think. As for Washington D.C., I am being told at least 2000 troops will remain and arrests will start taking place soon. I am told this is the biggest military sting operation in the history of the United States and even the World. I was told big news is forthcoming. Moving into cash. SHORT!
CME_MINI:NQ1!Short
by HotCharts
4