As per limited study April and May should reward bears.
Inittial signs of DJIA topping out is seen with my Time and Price study.
Rest market is supreme.
SL above 39889 (Weekly closing basis)
Downside 3000+ points positionally.
S&p 500 index currently trading near its all time high, and perfectly made the evening star pattern at this strong resistance, looking positionally bearish.
Note :- Not any recommendation, just sharing my view for the s&p 500 index.
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DJI 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...
Hello & welcome to this analysis
S&P has entered into the PRZ of a Bullish Harmonic Gartley pattern.
A bounce/reversal could be expected as long as it does not breach below 4375
Regards
DJI has broken down of a range consolidation and as per range the downside targets are marked on the charts.
Most of the other details are clearly marked on the charts and overall weakness is visible in post today's candle close in US Market
Previous DJI analysis are linked in related idea section
us30 (dow jones) right now forming reciprocal ab=cd with butterfly formation
below b point 32529 more fall can seen up to 30980-30780
on 30980-90780 2 pattern will active reciprocal ab=cd and butterfly for bull run till 34000-35000
* DJIA Took a support at 20 EMA support on a 3M timeframe
* RSI is heading to a strong zone
* If RSI crosses the trend line then we will see big breakout
40000 Incoming!
DYOR! Please don't take any call based on my view.
On Weekly Basis:
DJIA has corrected almost 50% of its down move from 34152 to 28725. It is bear market correction, usually sharp bounces. It also has resistance of 50 DMA at 31125 which also a pivot point. DJIA fell from all time high of 36800 to 29888 which was A wave of Grand cycle and corrected 61.80% to B Grand Wave at 34152, also close to 200 DMA level of...
RSI Bullish Convergence was there on weekly charts of Dow Jones only 5 times in last 20 years, which was always followed by average 15-18% market rally
similar RSI convergence is visible on weekly Dow Jones chart Right now, pre-covid highs are acting as a support
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your...
The US headline CPI data released last week surprised the market with a smaller drop than expected. As such, a higher chance is being given to a 75-basis-points rate hike in the upcoming September FOMC meeting. The US stock market reacted with a major sell-off last week, signalling that the summer rally has overstayed its welcome.
The Dow Jones plunged by 1,300...
When will exchanges do something about these manipulative massive fat finger traders that cost traders their whole lives?? Today is no different, looks like many got ripped apart with this huge freak trade!!
A very nice bearish harmonic near a probably resistance area, after a long run up, I'm expecting DJI to take a bit of cool off and retrace at least 38.2% of the move.
