Dowjones
Dow jones Index Dow jones 34250
Index is facing price rejection around 34350-34600 range.
If index is not able to cross above 34600 range and sustain.
Pre assumption of harmonic pattern formation, resistance as per previous swing high levels.
would act as stiff resistance, reversal from current levels would lead to steep selloff in index.
down side levels of 32500-32000-31500 possible..
Bulls time be cautious
Nasdaq ixic indexIXIC index CMP 13550
Today index registered high around 13594 levels.
Ascending parallel channel resistance around 13580-13630 levels.
Bearish divergence on RSI, with respect to price.
Index if not able to sustain at higher levels, can give sharp reversal.
1000-1300 lower side possible as per channel structure.
Bulls time to be cautious
IF DOWJONES MANEGES TO BREAK ABOVE?Dowjones made inverted head n shoulder pattern on weekly scale, although its not confirmes yet, If Dow manages to break above 334250 then it ll get into one sided bull run.
Lets wait patiently or sell on very rise with stoploss above 34250.
Exit all short positions once it gets past 34250.
Bearish Crab In DowjonesBearish Crab In Dowjones
Sell PRZ - 34310/34359
SL - 34501
Target - 33750/33500
Dow Jones Index Weekly levels May 29- April 2
Buy Above 33156.15
Buy Targets 33259.50 33362.28 33445.35 33528.42 33646.70 33718.51 33963.50 34232.43
Sell Below 33030.55
Sell Targets 32927.20 32824.42 32741.35 32658.28 32540.00 32468.19 32223.20 31954.27
S&P500 indexS&P500 index is looking good for a rally in the coming days , with a downward trendline breakout showing a possible trend change in the index , and also a good inside bar breakout on monthly time frame , retest is done and if this monthly candle(MAY) manages to close above the zones of 4140 , a possible bulll momentum of 9-10% can be seen in the index in coming days , view will be invalid if monthly candle closes below 4140 levels , SL will be 4020 levels if monthly candle closes above 4140
Dow Jones Daily TF AnalysisDow Jones couldn't break the Inverse Head and Shoulder formed on daily TF. now has formed Double Top. A daily candle closing below the white cline can give the 2 targets on the downside marked with red line. For aggressive traders an hrly candle closing below the white line can go for shorts.
DJI trend analysisCurrent market movement looks like a beginning of a downtrend according to Elliott wave theory.
A small pullback taken by the market and from point A it's taking resistance.
confirmation of downtrend would come if point B breaks and market continues to rally down.
dow jones wave strategydow jones move upside 5th wave
use 2 or 4 trendline break price go down side start wave abc corrective wave
US markets : A view of big move comingwatch chart. us market on verge of a big big move to 36500+++ or below 30000
Disc : for educational purpose
Dow Jones ShortDow Jones trading at upper range of trendline currently and are resisting to cross from last 5 trading sessions, if it did not cross then you can take a short trade below the recent low with stop loss of current recent swing high.
SPX 500 ANALYSIS trading above 20 & 50-period average
trading now well above earlier resistance areas
should approach previous hurdles at 4225, which if sustained can continue towards 4450-4480
Dow Target 32000once again Dow price rejection at previously discussed several times as resistance and distribution area as shown in chart. Rejection is very clear with diamond pattern indicating bearish trend towards target of 32000 which is previous seen support.
DOW JONES upside prediction with levelsDJ:DJI dow jones can go upto33630/33690 above 33543,
if breaks 33699.87 and styas above it, then dow can reacy upto 33862/33902 levels.
Bearish Gartley In DowjonesPerfect Bearish Gartley
Sell Dowjones Between 33113 - 33353
SL - 33601
Target - 32900 / 32700 / 32500
dow jones shortDow jones short,
enter at 33380-33410,
stop-loss at 33430,
first target at 33300,
thank you.
Dow at Supply ZoneIn charts its clearly distribution and supply zone added with headlines of recession headlines indicating more down side for Dow
