Breaking down how the dow jones diverged from other market indices last year. Analyzing the symmetrical triangle formation on the daily time frame. A true story about a trader who turned $5,000 into $15,000,000 in seven years. Quick Breakdown The Dow has been trading sideways for the majority of this year, remaining unchanged so far. Read More…
The Dow Jones continues to diverge from the rest of the market Bearish divergence has been spotted on the daily chart Bull and Bear targets YM Continues To Rally The Dow continues to diverge from the rest of the market as it is now only 6% away from all-time highs. YM is up 10% in Read More…
A closer look into the Parabolic channels. Consolidation on the hourly chart could break in either direction. Parabolic Channels With parabolic channels, we take the same approach when drawing the main parabola; we need at least 3 points to make the connection. I’ve marked the main parabola in the image below with the connection points. Read More…
The E-mini Dow has been decorrelated from the overall market this month. The Daily chart shows overbought condition. A small bear flag pattern appears on the Hourly chart. The Dow’s Decorrelation The Dow Jones (YM) Futures has been completely decorrelated from markets for the past month. NQ has fallen by 1% this month, while YM Read More…
YM Bounces Out Of Major Support Fibonacci Moving Average Analysis Spinning Top Candlestick From Yesterday’s Session A possible Dead Cat Bounce? YM Bounces Out Of Major Support The E-mini Dow (YM) traded inside the support band between $28,688 and $29,692. This area is within the accumulation zone and topped back in 2020. The rumors that Read More…
Medium Term Outlook on Weekly Chart looks bearish Fibonacci Fan & Retracements Show more downside potential Possible Scalping opportunities abound for the Bulls Medium Term Outlook The fact that YM has broken below the previous 2022 low, coupled with the Feds stance on interest rate policy, gives much power to the bear case. There is Read More…
