DJI
DJI - Dow Jones Industrial Index by KRS Charts 16th October / 6:58 PM IST
What is next possible Move for DJI ❓Technically.
1️⃣ As we can see, DJI is in HHs and HLs upside trend. With recent high small Flag Target is achieved so profit booking is expected. ✅
2️⃣ Along with it, Index is above 100EMA again bullish trend it confirms. View wise Market is Bullish and new upside Target can unlock after its breakout from above Red Resistance zone as we can see in Chart.
3️⃣ In case of correction all the supports are marked in Charts will possibly help market to Bounce back from those levels.
4️⃣ Despite of all lower support my view on DJI will stay Bullish until it will break Green Support Zones and stay underneath of 100 EMA ⚠️⚠️
MARKET CRASHNSE:NIFTY TVC:DJI
US market 1929 vs 2024
Is it just coincidence or is history going to repeat itself ??
Great Depression, was a worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory.
Similarities and differences between the microeconomic conditions during the start of the 1929 market crash and those in 2024.
Similarities
Credit Expansion and Financial Innovation:
1929: The 1920s saw significant credit expansion, with many Americans buying stocks on margin (borrowing money to buy stocks), leading to inflated stock prices.
2024: Similarly, the 2020s have seen rapid credit expansion globally, with innovations in financial products and increased borrowing, contributing to elevated asset prices1.
High Leverage:
1929: High leverage was prevalent, particularly in the stock market, where investors borrowed heavily to invest.
2024: High leverage is also a concern today, not just in stock markets but across various sectors, including real estate and corporate debt1.
Financial Sector Vulnerabilities:
1929: The financial sector was vulnerable due to speculative investments and lack of regulation, leading to bank failures.
2024: Today’s financial sector, while more regulated, still faces vulnerabilities from high leverage and interconnected global markets1.
Economic Contraction:
1929: The U.S. experienced a severe economic contraction, leading to the Great Depression.
2024: There are concerns about economic contraction due to various factors, including high inflation, geopolitical tensions, and slowing growth in major economies.
Differences
Policy Responses:
1929: The policy response was slow and inadequate. The Federal Reserve’s actions were limited, and there was a lack of coordinated fiscal policy.
2024: Today’s policy responses are much more proactive. Central banks and governments have implemented significant monetary and fiscal measures to stabilize economies.
Globalization:
1929: The global economy was less interconnected, with the U.S. being the primary driver of the economic downturn.
2024: The global economy is highly interconnected, meaning economic issues in one region can quickly spread to others. This interconnectedness also allows for coordinated policy responses.
Technological Advancements:
1929: Technological advancements were limited, affecting communication and the speed of economic activities.
2024: Technological advancements have transformed economies, enabling faster communication, better data analysis, and more efficient markets1.
Regulatory Environment:
1929: There was minimal regulation of financial markets, contributing to speculative bubbles and bank failures.
2024: The regulatory environment is much stricter, with measures in place to prevent excessive risk-taking and ensure financial stability.
Conclusion
While there are some striking similarities between the microeconomic conditions of 1929 and 2024, particularly in terms of credit expansion, high leverage, and financial sector vulnerabilities, the differences in policy responses, globalization, technological advancements, and regulatory environments are significant. These differences suggest that while there are risks, the tools available to manage economic downturns are more robust today.
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Trade Secrets By Pratik
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Disclaimer
NOT SEBI REGISTERED
This is our personal view and this analysis
is only for educational purposes
Please consult your advisor before
investing or trading
You are solely responsible for any decisions
you take on the basis of our research.
DJIWhat has started in Oct 2023 has formed a parallel channel. It has completed one of the target given in Aug 2023 for 40904.
from 35210 on 8th Aug 2023 to high of 41096 and highest closing of 40842
cmp 39737
Now going forward we may expect selling continue until 37100
35500 is good support for pull back, at the same time it is the lower edge of the channel.
Bull run continue.
Please understand this is election year for US, I don't see selling until Nov 2024
US30 SetupFOREXCOM:US30
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
Markets can be Unpredictable, research before trading.
Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Breakout in Dow Jones Industrial Average (DJI)...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
DJI Intraday Prediction Levels for 29 Nov 2023DJI Intraday Prediction Levels for 29 Nov 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 35495,35555,35610,35640,35703,35780,35860,….
Major Supports-35350,35280,35230,35175,35115,35065,3500,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
If You are a new trader then just watch ( No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Short Term view on NIFTYToday nifty gap down from the resistance of value area (Range) and touched control value area or small range within big range's and acted as support for price and form doji. Because of Doji market is uncertain to predict because of Island reversal too. To increase the probability of the prediction that the market or trend reversed or not yet. price must have to fill the today's gap.
Island reversals are strong reversal pattern. like on 5th Oct which gave strong support for the gap down of Israel - hamas war. Today's pattern is also Island Reversal.
For Bullish view market must have to fill the today's gap first. NSE:NIFTY
DJI target 48000 to be touched in june 2024DJI wave theory analysis on weekly basis: presently Dow in wave 1 & making triangle pattern or complex (clue; Dow making HH & HL). whenever DOW will break it BD base trend line ,that time wave 3 has to be started & it should first target 1.68% of wave 1. than it to be take time & correction downside unto 38% of wave 3. again when 4th wave to be completed once its target to be 48000 in 5th wave.
This is educational purpose only