When will DJI start to move up again?

By elliott77

Updated

This is a short term prediction of where I think DJI is headed before it can resume an uptrend. Let's see

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The path is TBD...the target remains IMO. Let's see

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another though on the path...pair with your own analysis.

Trade closed manually

I am closing this idea...I feel something like this is more likely now

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I can't help it...I just want to post this last thought (TBH I'll probably post more but I'll try not to since I closed it)

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I kind of wonder if the bottom has been hit and not we are forming an ascending triangle which in turn prints an inverse head and shoulder which results in a double top in Oct? The timing is definitely TBD but just a thought ...I then think next year at some point we may have a big collapse in the markets but just my thoughts ...good luck in this volatile time

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Furthermore I will be surprised if the DOW doesn't end negative today as I think it hits its target tomorrow

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The ascending triangle pattern is invalid now IMO...maybe an Adam and Eve pattern? The targets remain the same. A double bottom may be in order.

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Moved up my trend line ...not sure how accurate it is currently TBH as I have moved it a few times in the past weeks. DJI could only have 1% more down to go before it recovers? Let's see. The dates are based off the rate hike announcements which seems to be giving the market some direction IMO. So the last hike baked in being in Aug and then the market can go up for a bit?

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haven't had time to post but funny enough as you may have noticed the ascending triangle is alive and well...won't have time to post much but pair with your own analysis...good luck

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Here is my current thoughts...I have to admit I haven't much time to do analysis these days but it looks like it just wants to go up IMO...let's see

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I'm not sure of the path but it looks to me that DJI heads up until maybe the end of Sept, then a substantial pullback? hmm...just a thought to pair with your own analysis.

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updated ...

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Have we seen this before? Hmm ... only time will tell of course

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I think we are entering 60 days ish of sideways and a little up...

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my current thoughts...we shall see

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pullback or pump?

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Just a thought...we have a pullback IMO.

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maybe it comes down further ...let's see

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Where will DJI find support? Here is just an idea

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or a smaller pullback? hmm

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can it keep going up? very interesting if so...

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shorter timeframe thoughts ...

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Sure looks like more down to me ...let's see

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Nope... :) up it goes. Let's see

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This is my last post on this idea as the idea overall is invalid but my updated ideas may pan out...we will see..good luck to you all!

Trade closed manually

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I'll close this officially with a long term thought... good luck

elliott77

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