There is two consecutive chart triggers, a small Inverted Head and Shoulder Pattern, and a big skewed W -pattern, with one patterns final target triggering the other pattern, making a chain reaction like in the price momentum. which can push for bigger move.
S&p 500 i am just looking for a small pullback trade not a correction
Levels are marked in the charts Resistance = Orange Targets = Green
Looks like it will be a quite tough to break 25200 levels
Past worked: If you want deep analysis on DJI, then say me in comment. I will work for you from tomorrow.
Key Levels for SHOPIFY INC NYSE for INTRADAY TRADING are : Upper Breakout~363.50 First Target~370.30 Interim Resistance~378 Final Resistance~384.80 **Lower Levels** Lower Breakout~351.55 First Target~345.60 Interim Support~339.60 Final Support~334.80 Please trade with caution and consult your financial adviser before trading.
suppose to sustain above 21 494, price push more up 300-400 points on DJIA. Valid R 21518 => There's still a chance to push price 20532 and 20415 if the price is trading below 21518. Exactly resistance was taken as yesterday predicted .
suppose to sustain above 21494, price push more up 300-400 point s on DJIA. Valid R 21518 => There's still a chance to push price 20532 and 20415 if the price is trading below 21518 . Exactly resistance was taken as yesterday predicted.
R 21518 Below this level target is 21094(breakdonw) , suppose breakdown this level will push price 20532 and 20415 . Recent, GAP was almost 661 points which is -ve for DJIA. If suppose price close above 21518 will push price upward. (low chance)
As observed on the weekly chart of Nifty 50 bulls have nothing to worry as of now as the uptrend is intact. The previous swing low (10637+) is is intact and its still trading above 200 Wk SMA (which is currently at 10290) Nifty is currently at 61.8% retracement level from the March 2018 low to Jan 2020 high (all time high) Bulls who are going long now without...
Or, will the sell-off continue this time around? The follow through today is very important. Else, it could be negated.
Dow Jones index (DJI)day chart analysis
Break below Red Trendline can cause a bit of a correction. Not a case for any severe negativity.