Dow

[Kodiak]

Weekly

Buy the dip at 30K?

[CGETrading]

Looking good!

If price declines into March and then bottoms on the 14th of March at the 30k level we will have a great opportunity to go long for new highs all the way into 2023! March 14th is the next cyclical turning point and a low on that day will signal a rally.

Edited January 23, 2022 by Carl-Gustav

[MongiIG]

22 hours ago, Kodiak said:

Weekly

Buy the dip at 30K?

DOW JONES TECHNICAL ANALYSIS

The Dow Jones has fallen more than 5% this year amid broad-based stock market weakness. After the recent pullback, the index has broken below its 200-day simple moving average and is now sitting near a key floor in the 34,665 area. If sellers manage to invalidate this support, traders should prepare for a possible decline towards 34,400 and then 34,000, the December low. On the flip side, if we witness a rebound, resistance appears near the 35,000 psychological level, but a move above this barrier can attract buyers and set the stage for a climb towards 35,500 over the near term.

DOW JONES TECHNICAL CHART

Dow Jones Chart prepared in TradingView

 

Written by Diego Colman, Contributor. DailyFX 21st, Jan 2022

[MongiIG]

[CGETrading]

US30 approaching cyclical support...

[MongiIG]

S&P 500, FTSE 100, DAX – Equity Markets Slump as Russian Troops Invade Ukraine

Feb 24, 2022 |  Nick Cawley, Strategist. DailyFX

S&P 500, FTSE 100, DAX 40: PRICES, CHARTS, AND ANALYSIS

• Equity markets hitting multi-month lows.
• Further volatility is expected going into month-end.

Global stock markets have made fresh multi-month lows on news that Russian forces have invaded Ukraine, confirming Western fears. The markets are now waiting for confirmation of increased sanctions by the US, EU, and the UK to Russia’s aggression and these embargoes will only add to the current heightened levels of volatility in a range of asset classes. While these new sanctions may eventually bring a level of calm to the market, in the meantime expect heavy swings either way in all equity indices.

While the crisis in Ukraine remains the dominant driver of risk and markets currently, month-end equity portfolio rebalancing may also add an extra dose of volatility in the coming days.

VIX INDEX DAILY CHART - FEBRUARY 24, 2022

How to Short Sell a Stock When Trading Falling Markets

The S&P 500 is now back at levels last seen in May last year and has lost over 14% since printing an all-time high in early January. Horizontal support from prior swing lows continues to come under pressure and until the overall situation becomes clearer, further sell-offs cannot be discounted. The CCI indicator shows the S&P 500 in oversold territory and this may act as a short-term buffer against further sharp falls.

S&P 500 DAILY PRICE CHART - FEBRUARY 24, 2022

The FTSE 100 is also under pressure but the indices’ composition is helping to stem further losses at the moment. The FTSE is heavily skewed towards large oil and commodity companies and with the prices of these commodities pushing ever higher, and with a weaker GBPUSD rate helping FTSE exporters, further losses may be contained for now. Recent losses have also pushed the CCI indicator into heavily oversold territory.

FTSE 100 DAILY PRICE CHART – FEBRUARY 24, 2022

 

The DAX 40, in contrast to the FTSE 100, is being hit harder due to Germany’s heavy reliance on Russian energy. The DAX is over 2,000 points lower than the double high seen in mid-November and early-January, while volatility is at a multi-month high.

DAX 40 DAILY PRICE CHART – FEBRUARY 24, 2022

What is your view on Equities and Risk – bullish or bearish?

[CGETrading]

Daily Chart of US30 with Major Cycles.

Edited February 24, 2022 by Carl-Gustav

[Kodiak]

Almost there?

[MongiIG]

On 20/05/2022 at 19:00, Kodiak said:

Almost there?

Dow tries to stabilise after dismal week

The Dow Jones Industrial Average fell to last week’s 30,637 low, the lowest level seen since March 2021 when the index formed an interim bottom at 30,545, as growth and inflation worries hit.

The index is expected to stabilise ahead of Tuesday’s US S&P Global manufacturing and services PMI data release for May, at least in the short-term, and try to revisit the February and March lows as well as its one-month downtrend line at 32,234 to 32,440 over the coming days, now that a “Hammer” has been formed on Friday’s daily candlestick chart, that is to say a bullish reversal candle.

While the Dow doesn’t manage to heave itself back above last week’s high at 32,756, though, the downtrend remains very much entrenched since a series of lower highs and lower lows can clearly be made out on the daily chart.

Failure at last week’s low at 30,637 would engage the 30,545 March 2021 low and most probably also the 38.2% Fibonacci retracement of the pandemic uptrend and pre-pandemic high at 29,800 to 29,568.

Source: ProRealTime

 

 

Axel Rudolph | Market Analyst, London | Publication date: Monday 23 May 2022

[THT]

On 20/05/2022 at 18:00, Kodiak said:

Almost there?

Great Call

Daily DJIA Chart:

Showing Geometrical key levels of the retracement AND the MEAN's of the range from the 2020 LOW

This next chart shows the previous info but with the addition of price projections from A - B from A

2 is the EXPANDING ratio of the SQUARE (so you take the diagonal of the square 1.4142 which is the square root of 2 and times it by itself) 

Notice how B was the mid point 50% level of C-D. C-D were the HARMONIC (SQUARE) ratios of the range projected upwards from 2020 Swing low #A

Also #B was the 50% level of the entire move

So the market KNEW in 2020 exactly what level it was heading to in 2021/2022!!!!!! - Just wish it had let us all know too lol

Some good strong levels still awaiting price action 

THT

[Kodiak]

" could be driven only by a cease-fire between Russia and Ukraine, which JPMorgan expects in the second half of the year as the economic costs of the war become fully realized for many countries, including Russia."

https://www.businessinsider.in/stock-market/news/the-stock-market-is-poised-for-a-strong-second-half-of-2022-as-the-us-economy-avoids-a-recession-and-inflation-gets-cut-in-half-jpmorgan-says/amp_articleshow/92417299.cms

Yes a ceasefire would be bull trigger

 

[Kodiak]

Dow daily

Nothing new on the eastern front

But maybe a bounce?

 

 

 

 

[Kodiak]

Dow daily

Resistance 30 500

Could be a third wave up?

 

[CJ-TradingFloor]

24 minutes ago, Kodiak said:

Resistance 30 500

Could be a third wave up?

Monitoring 30 500 level

 

 

 

[CJ-TradingFloor]

Dow 4hour chart - TP reached!!!

HL - Higher Low, LL - Lower Low, HH - Higher High, LH - Lower High

[Kodiak]

Santa claus rally is delayed this year?

But i think we could get a bounce up, if not before year end so maybe next week?

https://seekingalpha.com/article/4566721-record-puts-to-calls-ratio-indicates-an-important-moment

 

 

[Kodiak]

SP500 Daily

 

 

[Kodiak]

Better late than never?

[Kodiak]

SP500 Daily

Buy at 3800?

 

 

[Kodiak]

Almost there, maybe next week?

[Kodiak]

SP 500 Daily

Maybe 4200?

Depends on Powell i guess?

 

[Kodiak]

SP 500 Daily

 

[Kodiak]

[Kodiak]

SP 500 Daily

 

Maybe like this?

[MongiIG]

Hi @Kodiak, @Carl-Gustav and @CJ-TradingFloor

 

[CGETrading]

1 hour ago, MongiIG said:

Hi @Kodiak, @Carl-Gustav and @CJ-TradingFloor

 

Hi,

A closing above 37K in December will be bullish as it will generate an all time high and a buy signal.

However US30 is approaching the top of the channel (cyclical resistance), which stands at the 37.5k area. This level is also the break-line which is a cyclical pressure point, if broken (close above) a possible RALLY to 40K comes into play.

Support currently lies at the bottom of the channel.

The monthly cyclical derived ANGLE generated from the low is very STEEP, expect price to follow this angle going up.

Edited December 14, 2023 by Carl-Gustav