The Dow Jones Industrial Average is expected to trade at Current fundamentals do not confirm above the Sudden Market Crashes don't happen all the time but this time feels very close to and Market Crashes. Use standard writing style.
Dow Jones long term chart on 20 years
It never goes straight down but makes short squeeze traps along the way. The runup to 24k was a terrific squeeze, rejected at 0. Be cautious, short the rallies, don't plunge as it swings wildly and can squeeze any day. Remember- gaps tend to get filled! It will be interesting to watch for few weeks and months. I think we are gonna test the blue line and possibly repeat the same pattern as wee see in the past! Same idea as in previous chart. This is zoomed in to show the main points of resistance.
Very likely turnaround point in the next week or so. If it breaks past the fib line, then there will assuredly be snubbing right at the resistance line set by The night of Donald Trump being elected, Alan Greenspan slipped out of the watch party to buy massive amounts of stocks and made Billions over-night. These candles are bigger than that night and resemble those of the rebound from the recession. If you are short, I feel bad for you son, cuz there are jobs jobs jobs, and the train ain't done!
Trade Happens Once every 10 Years. The crash is modeled after the - Sub-prime mortgage crisis. This projection is based on the assumption that the ABC correction wave will drop lower then the 2 impulsive mark by The A B points are The chart is intuitive yet powerful, offering users multiple chart types including candlesticks, area, lines, bars and Heikin Ashi.
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Please wait a minute before you try to comment again. Thanks for your comment. Please note that all comments are pending until approved by our moderators. We continue trying to breakout above the EMA on the hourly. I think we are going to see big rejection soon, especially if we manage to hit the 0. Was doing a fib retracement of the wave three and hoping to find a confluence of resistance on this correction. Coulnd't find a confluence but we are in an a rising wedge with.
Once we tag either of those, I expect the downtrend will continue. Feel free to leave any comments or feedback. Current fundamentals do not confirm above the Sell at the resistance and Fib DJIA long term [ - ] forecast wave analysis.