S&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...
Breakout above resistance zone, need weekly close above 34281 ....
Dow 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.
Current 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 move upside 5th wave use 2 or 4 trendline break price go down side start wave abc corrective wave
watch chart. us market on verge of a big big move to 36500+++ or below 30000 Disc : for educational purpose
US30 long from here when it changes character, look for FVG for long position.
Dow 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.
Completed the ABC pattern, Expecting sharp movement in either side.
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
once 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.
DJ: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.
Perfect Bearish Gartley Sell Dowjones Between 33113 - 33353 SL - 33601 Target - 32900 / 32700 / 32500
Dow jones short, enter at 33380-33410, stop-loss at 33430, first target at 33300, thank you.
In charts its clearly distribution and supply zone added with headlines of recession headlines indicating more down side for Dow
it is entering zone of resistance where it can feel heat and spend some time before breakout !
Dow is at a zone where supply was seen previously and today we need to wait and watch for clear direction.... any move above or down will give further direction to Dow today and till friday EOD