FRED:DJIA SUPERCYCLE Degree Wave 5 in Play. Bull Market has Much Higher to go.
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...
I am expecting a bullish movement when it breaks 166.5 levels, it need to sustain above these levels to capture bullish moment. one should go long after successful breakout.
33150 is a crucial level for DOW JONES tomorrow. Need to sustain above it.
The US VIX (volatility index) is over heated at +32 which is unusual. As the US indices have been corrected up to 20-32% from the swing high, technically it is already a crash and enter of bear market especially the technology sector, the most hit one. Next level is recession. My observation is, the increasing VIX is alarming further potential sharp correction in...
Index is unfolding as a leading diagonal of which 4th wave is already concluded and right now we are into the last stages to complete the 5th wave of this leading diagonal which will bring the index below the level of 30635 in the near term. Traders should remain short for the minimum target region of 30600-30000 in the coming weeks with stop loss of 32600.
S&P 500 is looking extremely dicey, we have formed a lower low on weekly and the drive up is most likely to trap retail traders and form a lower high. Watch how this plays out in the coming weeks.
Just when we thought the momentum died off, Snap Chat's result triggers another round of down move. The bears are back on the saddle riding the NASDAQ down down down! I wouldn't be surprised if it touched around 9k in a few weeks.
Russell 2000 We can see this has already corrected to 0.5 Fibonacci Levels, and also we can see 2 previous Highs made in 2018 and 2020, As shared in the analysis of S&P 500 previously that we could notice further breakdown but after some pullback makes more sense looking at Russell 2000's chart.
On the Weekly chart in S&P 500 , I can notice Bearish Head and Shoulder Pattern , but coming week after this drastic fall maybe we can see some pullback to the neckline and then further collapse on the downside at least till the level I have marked that is 3491.25 SP:SPX
Microsoft corporation is undergoing wave 4 correction in long term, wherein wave A is unfolding in 5 waves. Currently wave (5) is extending and expected to tag 242 range. After this there would be a pull back and this would then named as Wave B in long term (This wave may 3 or 5 wave structure) Lets wait and watch
There is a higher probability of reversal on cards!!!
Wave A in progress, Wave (5) of Wave A extending is unfolding and - bad news is, it is also extending Looks like moving towards 107 Lets wait and see
On a verge of breakout from falling wedge pattern. If happens it bullish sign and for more confirmation need to cross swing high of 35700. All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it. Disclaimer : Consult Your Financial Advisor Before Taking Any...
Indian economy is expected to record a sharp V-shaped recovery as the business environment normalizes. Despite this, Indians should overcome the home country bias and ideally consider diversification of portfolio through investment opportunities in international markets. This will diversify the extant geopolitical risk associated with emerging economies,...
Buy Dow Around 36000 it will be back to 36470 Major Support Around 35957
eurinr is nearly break out if you are trading in this currency wait for right entry and enter the right candale Conformation and risk rewardt ratio is 1:5
Today DJI starts gap down and continue down turn. Closer look ... Details in the Chart