Past worked: If you want deep analysis on DJI, then say me in comment. I will work for you from tomorrow.
DOW JONES INDUSTRIAL AVERAGE INDEX Has formed a Evening Star DOJI if the red ink leaks the next day and closes below the doji low the chart can expect major down
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 .
Expect DJI to recover sharply in couple of weeks.
*From oct 2018 to dec 2019 there is very strong divergence of -42% between falling US10Y and rising S&P 500.(On every falling US10Y there is average of 60% correlation with S&P500). *Corona virus Activated the convergence process and covered almost +70% to set the overall correlation at +34%. *There is remaining 30-40% convergence left to align US10Y and...
DJI trading very near to its major demand zones on both weekly and monthly charts. Yesterday DJI closed in its major demand zone @ 18800-19300 on the Monthly chart. Next week if it will sustain below this zone then it may test its minor demand zone @ 18000-18500 and in the worst case, it may test its major demand zone @ 17000-17500. Due to the volatility, these...
BOLLINGER IS TELLING US MAX NIFTY CAN STRETCH THAT IS LOWER LINE OF BOLLINGER BUT FIRST SUPPORT 5 LINE OF PIVOT MAY BE TESTED THEN LAST GASP IS LOWER LINE OF BOLLINGER YOU CAN SEE IN MY PREVIOUS IDEA NIFTY MAX STRETCH IN THAT AND WITH BOLLINGER BAND IS APPROX SAME DOW AND S&P500 TRADING HALTED AFTER HITTING CIRCUITS
follow if it is just short covering it will resume downtrend after filling gap
Dow Jones long term possibilty.................... Might be we r forming an expanding triangle structure in Wave 4 of Cycle degree Wave 5. Expecting this triangle to play out till nxt year followed by a final bull run of 3-4 yrs, before the Big Crash !!!
Its one scenario that I have been looking for. Also anticipated that down move from top before it happened and now if it follows my structure then we will see the all time low in history. I don't know how it will look like then but its gonna worst situation we ever seen. I hope we all gonna survive this.
FOLLOW JUST FOR EDUCATION
Expecting a bottom in Dow / DJI between 22100 -22800 levels. Trend lines indicate probability of these levels.
Support band is between 20887.2 to 22499.8
As asked by many Indian and overseas traders about Dow Jones. I updated live on social media platforms that a big bear hammer is going to strike dow jones in this week. As I post dow jones is trading = 27410 with a low at 27402. Support for dow = 27219-27402 Expectation Low hit today evening or early morning tomorrow , range bound session could continue for...