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Dj30

S&P 500 Looking Bearish.............1. Bat Pattern completed on 3-Nov, Went Down After that but again bounced back. 2. Bearish Divergence in Daily, Weekly and Monthly Charts. 3. FED meeting in December, Consumer Confidence & GDP Data on 24-Nov Employment on 4 Dec, Stocks tend to fall 20 days Prior to FED meeting (Just an Observation). Scenario 1 - S&P will hit 20 Degree Slope @ 2100 and will Return (20-27 degree slope and 50-59 degree slope are very common in trend). Scenario 2 - S&P will Make New High of 2160 & will Crash.
FX:SPX500Short
by BrokeButBold
2
Overheated after nice up leg flying with the BAT?Hey fellows, I actually do not trade the DowJones30 but I like I found during my sundays market studies some nice patterns. In the orange box you will find a potential Reversal Zone which is conveyed by three facts: 1. Close to upper Trend resistance line of Trend channel 2. AB=CD pattern 3. Last but not least a bearish BAT, although I do not have a lot of positive experience with harmonic patterns I do like to see them :-) What do you think? Important: :-) If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree. Please remind yourself that this is just my personal view on the market and you always should do your own analysis before trading
FX:US30Short
by Phenlx
2
An InterestingAnalysis of DJ30 with the MACD technical indicatorWe are now in unfamiliar territory. The MACD technical indicator Moving averages has crossed over above 120 points 22 times since 2003. Of those, 22 times, 19 of them led to at least a mild pullback within a month. 3 times it moved sideways or down where no money could have been made at all within one month. The MACD has crossed over 200 points 6 times since the early 90s, it was then followed by a pull back EVERY time within the month. In 2009, the minimum move was 250 point drop but then it went much higher in the following years. The largest pullback was in 2001 when it dropped 2700 points. The average pull back is around 1000 points, but there is a first for everything I suppose. Will it continue to go higher? As this is a mature market, following years of stimulus and cheap money, my bet is that the market simply doesn't have the fuel to keep going and as the MACD crossover happened at such a high level, I see at the very least around a 300-400 point move down within the month. This presents a very good risk/reward opportunity.
DJ:DJIShort
by maccabean
A crash may occur shortly. No, but really!Here is my logic: 1. Fundamentals don't support record highs. High stock prices don't represent real economic activity. Unemployment. situation still not pre-crises levels yet prices are way above that. 2. Oil showing lack of demand. 3. US dollar becoming more expensive. End of low exchange rate. 4. China weakening as well as imports. 5. End of easy money and fed soon to increase rates. The first rate rise in a while will certainly be a shock. 6. Geopolitical tensions with new sanctions on Russia and a new Iraq war vs Isis. 7. September is a historically the worst month for stocks. 8. We are way overdue for a market correction. 9. Low volatility and consolidation showing breakout is about to happen. I don't think it will be up. 10. Strong resistance about 17100 11. Europe potentially falling back into Recession. In any case, going short is a good idea as the risk/reward ratio is pretty good. September is historically a bad month but October saw the biggest market drops in 1987, 1929 and 2001. I'm saying short the market until the end of October I think there is a good decent chance of some good profits. www.thealphagenerator.com
DJ:DJIShort
by maccabean
5