Dow Jones is comfortable above 26000 which was a key level. The was gap up has happened in the last session is the indication of strength. It is now above 50 EMA which is another sign of strength. With RSI above 52, we are in bull phase as of now. Next resistance expected around 26700.
Dow Jones (DJI) hourly chart analysis - Symmetric Triangle.
Credit Cycles and Keynesian Economics : Passive Investing The boom bust cycles need a safe haven . Indexes track micro economic transactions and the market trading on such transactions are prone to distortions of dominant traders and weak regulators . Gold becomes a hedge against the FED-Wall St nexus. This pattern doesn't exist in Neo economies as much. Tech...
I am bullish on the counter till its holding 115, sl fir me is 115 while upside i see upto 160 zones
This post is for my future reference only. The previous two secular bull markets made a 9.5 year low before continuing their secular bull markets. Currently this year with the consolidation we have seen, price could be setting up to make a low this November/December where after the low is in place, the current secular bull market would resume to make new highs....
If closes below 23527 (i.e breaking the neckline), then sell, with SL: 26769, Target: 20285 Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Dow jones possible correction till 26150-80
Hi, I think the dow is in a strong bullmarket – superordinate. It seems that wave 4 (purple in brackets) has completet it‘s mission already and ended as a triangle. But: On the short term, I see a possibility to short it. Startpoint: red box. Endpoint: green box. So the green box then is the startpoint of the long call. It could be the last chance to get...
Currently at 26635 Can climb to 26744
will like to see it deep red upto even 1040 levels soon !!!!!!] will that be possible with stop loss of 1089 ...! need to check
Dow Jones looking good for bullish now fed news also out and finally its seems too good for long in range 24800-600 there is support level at 24,500 target will be 25,300 in next 5-15 trading days.
Demonetization really matters? all economist have different view. what to follow? Follow the chart bcz a picture worth thousands words.. honest view looking at chart. recovery may be rapid also than what i shown. its forecast only. study purpose only.
Short term top seems to be in the offing. Whats in store in Yellens speech on Friday?