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DJI

🅱️ Bitcoin, The Stock Market (SPX, NDX, DJI), USDT.D & AltcoinsI like to browse through charts between different markets in the search for confirmations and correlations. One of my favorite types of confirmations is Bitcoin and the Stock Market. We know that these have been moving together but Bitcoin is leading the way. While the SPX is still below its August 2022 high, Bitcoin already broke that price... Let's have a closer look: 💾 SPX Closes On Strong Bullish Bias +Bitcoin & Bank Crisis Notice how in the chart above the SPX bounces exactly in mid-March. On Friday it closed full green with a 10-months high. The RSI is really strong and all looks good. If the correlation continues then we are set to start this week green. Unless the SPX and the rest of the charts I will show you below crash on Monday. Then we have the Nasdaq, it is the same situation. Bitcoin has been consolidating but the NDX went ahead. This alerted me of the SPX moving forward and the rest of the markets as well... See the chart: 💾 Nasdaq Went Ahead | Next Target Above 15,555 The NDX hit a more than a year long high when it peaked around its April 2022 resistance. Not actually peaked, this is a new bullish breakout just taking place. The week closed full green. I am thinking that Bitcoin is set to follow unless the NDX crashes on Monday but so far it looks good. The DJI stood behind. While it is trading below its August 2022 high this level has been challenged continually and we know that it will follow the other two indexes, they always move together. Last week closed full green above EMA10 and EMA21. See the chart: 💾 DJI Then we have the inverse correlation with Tether Dominance, USDT.D and this one is a bit more tricky because of the mixed signals. First, the chart: Favoring the Bitcoin bulls, we have more than a year of lower highs and what seems like a distribution phase, volume dropping since May 2021, two years. Weaker signals in favor of the Bitcoin bears is the fact that the weekly session is still trading above EMA10 and EMA21. We also have the Altcoins that we can use. What one does, the rest follows; that's one for the bulls. We also have some smaller pairs and ALTSBTC pairs growing, something not seen when in a bearish phase. Look at XRPUSDT, it went ahead: ✴️ Ripple's XRP Inverse Head & Shoulders Confirms Higher Low Litecoin is on a similar situation. We have pairs such as ChainLink and EOS whom went through a full correction and this is kind of mixed. If what one does the rest follows, it can mean that Bitcoin is yet to go through this huge correction or that these pairs being weaker dropped more than the stronger ones. When we take all the signals in consideration, the bulls are on top. Of course, this doesn't mean anything if you are looking at the short-term... When focusing on the bigger picture, Bitcoin is set to continue growing, higher highs and higher lows in the weeks and months ahead! Thank you for reading. I am wishing you a lovely Sunday... Or Monday if you read this after today. Namaste.
INDEX:BTCUSD
by AlanSantana
2
💾 DJIThe Dow Jones have been left behind compared to the SPX and NDX but the chart still looks pretty good. We have a hammer 25-May after a months long correction, followed by a full green candle. This is a reversal signal with confirmation the next day. We just need to see follow up on Monday but looking at the three major indexes together, SPX, DJI and NDX, we are going to call it bullish. The blue spaces on the chart is the strong support. The DJI is trading within a long-term higher low. The bias is 100% bullish. We will see how it goes but we expect it to grow in the short-term based on the current look of the chart. This can change if the support levels break. If support remains intact, up we go! Namaste.
TVC:DJILong
by AlanSantana
2
DJI - Bullish H & S pattern #stocksMarket sentiment has changed with the fed pausing interest rate's. possible we see this bullish move, but this doesn't mean Bull market. zooming out you can see, this will break ATH and possible to complete an old wycoff accumulation extension. My thoughts.. we may get the break out from all time high with the fed easing, but this is likely to be a bull trap! Im still expected the Dow to take out the lows, later on in the year possibly when we see further rate hikes! Suspected a recovery based off a W pattern I see forming on the US30, link attached below. Originally I was very bearish once the price rejected 0.702 fibonacci retracement levels twice. now its very possible to see a bullish recovery, will do great for market sentiment! but I would be very weary once this H & S completes this pattern.
TVC:DJILong
by dibz1996
DOW JONES rebounding on the MA50 (4h) aiming at 34750.Dow Jones has had a strong rebound on the MA50 (4h) since the Fed low yesterday and maintains the short term Channel Up. There is still much room for the index to rise inside the long term Channel Up. Trading Plan: 1. Buy on the current market price. 2. If the price crosses under the Channel Up, buy on the MA50 (1d). Targets: 1. 34750 (Rising Resistance). 2. 34900 (Resistance 2). Tips: 1. The RSI (4h) has its own Rising Resistance to be mindful of. The last two contact points with it, formed Higher Highs on the short term Channel Up. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US30Long
by TradingBrokersView
4
DOW JONES The closing of the 1day candle can send it to 34900Dow Jones/ US30 hit yesterday Resistance A (34260) but closed the candle under it. If it closes over it, especially if the Fed assists with favorable news today, buy and target Resistance B at 34900. Until it closes over it, a rejection is equally possible, with the 1day MA50 being the lowest buy entry in the event of a pull back. The 1day MACD is still on a Bullish Cross, showing a healthy bullish trend. Previous chart: Follow us, like the idea and leave a comment below!!
U
by TheCryptagon
11
Will the DOW break through or bounce back?The DOW is at an interesting level now. It nearly touches the upper side of a triangle. If it breaks through, there is a resistance zone waiting. What's next? Will the DOW break through the triangle and resistance zone or bounce back? Will this be a short chance while summer is looming? Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations
CAPITALCOM:US30
by TraderXLII
DOW JONES: Levels to trade for continuation of rejection of the Dow Jones is bullish on a 1D MACD Bullish Cross with all of its 1D technicals in deep green (RSI = 60.720, MACD = 99.160, ADX = 23.397). This short term bullish trend is almost the same as April's that was later rejected at the top of the long term Channel Up. Consequently, we are selling at the top, targeting the bottom (TP = 33,300) of an emerging Channel Up pattern. If on the other hand the index crosses over the R1, we will take the loss on the sell and go long, targeting the top (TP = 35,200) of the Channel Up, unless the price closes under the 1D MA50 earlier, in which case we will book the profit earlier. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
U
by InvestingScope
6
DJI - Horizontal Trend Channel 🔹DJI is within an approximate horizontal trend channel in the medium long term. 🔹A break upwards will be a POSITIVE signal, while a break downwards will be a NEGATIVE signal. 🔹DJI is testing resistance 34100. 🔹Technically slightly negative for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
TVC:DJILong
by wavepoint99
DOW JONES: Testing the 1D MA50. Rally if it holds.Dow Jones hit TP1 = 33,650 and is now going for our TP2 = 33,900 as per the trading plan we made last week (chart at the bottom). The 1D time frame finally turned (slightly) bullish (RSI = 51.712, MACD = -40.000, ADX = 28.963) for the first time since May 1st but today's pull back is testing the 1D MA50. If it holds, we expect to reach the 33,900 target that is under the top of the large Channel Down structure. With the MACD having formed a Bullish Cross, there are high chances of this turning into a medium term rally into a new Channel Up. If R1 breaks (34,275) we will buy the breakout and aim at the top of this potential Channel Up (TP = 35,200). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
ULong
by InvestingScope
6
S&p500 UpdateThose who follow me know that I am meticulous, and I count waves on ALL timeframes, including very low timeframes, before concluding the big picture. The surge in DJI on Friday led me to believe that the diagonal I've been following since March 13 is invalid. However, after examining 1-5 minute timeframes and above, I still think we are in the final stages of the ending diagonal, also known as the rising wedge. However, the price must not exceed 100% red line (wave three length) and must not fall below 0 - x line subsequently (the hard guideline for wxy double zigzags) for the scenario to be valid. If either occurs, I will be left scrambling for alternatives. In the next post, I will review DJI, which I have not visited for a while.
FX:SPX500
by Fomenka
SPY Super Bubble Forming Once In 100 Year Event Picture tells everything, there is not even near enough pain in the markets, fastest rate hike mimicking the Nikkei Bubble, 1928 Bubble. This is a text book once in 100 year Super Bubble event. CFTC S&P 500 speculative net positions is currently at -434.2K meaning mostly short US Bank deposits have flew to Money Market Funds scared of bank runs MMF siting at $5,223,061 Units: Millions of Dollars Something does not feel right at all, the interest rate hike cycle has not worked and the US is in even more debt having to raise the ceiling Key point here is to prepare for the actual crash if this plays out, and unemployment going near 20-30% followed by hyperinflation The fact that the market has bounced this powerful and majority of the retail market is sitting on shorts is extremely scary, as you should know these recoveries don't take years it will be a depression for decades.
AMEX:SPY
by FederalXBT
DOW JONES on a confirmed Bullish break-out.Dow Jones (DJI) has broken above the short-term Channel Down today, fulfilling the conditions for a buy break-out as presented on our previous analysis (see idea below) and is now even above the 1D MA50 (blue trend-line): To add more to the bullish sentiment, it even broke above the Diverging Lower Highs and has no real Resistance until 34270, which is our short-term Target. The current rebounded was achieved after the 1D MA200 (orange trend-line) held as Support on three separate tests. The hidden Buy Signal however was derived by the 1D MACD, which completed today a Bullish Cross, the first since March 21 that was the previous market bottom and the start of the current long-term Channel Up ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
4