Looks there is chances for Pull back for Bulls. (atleast for some time :) )
Disclaimer:
I'm not a SEBI/anyother registered analyst, Trade at your own risk!
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.
Is BLOOD Clotting S.T.A.R.T.s in Dow Jones?
Signalling or can say Indicating Trend Reversal
If happens ......... Partially Possessive for Indian Market too.
Disclosur: Information shared here can be my view or real trades.
As i am not SEBI regd. analyst, Take this information as study/education purpose only.
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dow jones would see a 2 weeks of calmness to which it can rise till 25100(max) after which it will fall from around 26-28 feb.....long trend line support exists at 22500.... we would touch it and make a head shoulder on charts which will starts it new journey..... :)))
Possible Last Leg of Bearish CYPHER.
CONCLUSION:
If Dow Jones Completes " Bearish CYPHER"
.................Seen 6.53% Upside.
If same thing Happens in NIFTY
TARGET of NIFTY would be 11145.
INDIAVIX also support UP move of NIFTY,
as in Last candle Formed "LH - LL" Pattern.
Though NIFTY was DN 1.15%.
Take this study Beyond Normal Technical Analysis.
Most overbought ever...at least till 1970's
If that's not enough please humor me.
What's funny is everyone in the mainstream is defending. Including Warren Buffett.
www.cnbc.com
And this is the response from Cliff Asness
twitter.com
You know where I stand. Make up your own mind.
This is a global equity story. Not just the US.
Indian benchmark indices touched...
I have been tracking the DOW JONES weekly chart from the last couple of months when it started showing consecutive green days regardless of global factors, earning reports, etc.
So what intrigues me out of the weekly chart is the hastiness of the DOW towards the upper band of what appears to be a forming RISING WEDGE.
DOWs rise recently has been crazy to say...
Dowjones(22300): #-veDivergence
Going forward till 22450 is not crossed expect retest of 21900-21800
Sustainable downside will come on break and close below 21800 only....
For Friday Sep 15, 2017
DOW JONES INDUSTRIAL AVERAGE (TVC:DJI)
Above 22233.3 Go Long For Targets 22266.6, 22281.5, 22315.6, 22359.6, 22378, 22407.8
Below 22173.7 Go Short For Targets 22140.3, 22125.4, 22091.3, 22047.4, 22028.9, 21999.1
