Charts
Chart pattern, indicators, drawing, etc
Dow Jones Channel Breakdown
05/13 Channel breakdown. Ideal entry point for put / short position. Rebound wave took almost 2 months so downtrend could be weeks or even months.
Rebound Over. Breakdown or downtrend may come on banks
05/12 Stock markets made strong rebound in the past two months since March. The power is provided by government money-printing strategy so it could dry up. Banks, hotels, cruises were up signifi...
MACD Warning Message
05/08 Stock markets keep strong rally again with record of 20.5 million disappeared jobs and 14.7% unemployment rate. DJIA is up 350 points at this moment to 24228 with other major indexes up about 1....
Strong Price Weak Volume
04/28 All major indexes made a strong 30%+ rally from 03/23 bottom in straight up line. As DIA shows that rising wedge pattern is formed as a result. Although price actions are strong, volume pattern...
20 DMA and Convergence Pattern
04/03 Notice 20 DMA keeps pressing down DJIA during rebound wave. Now, triangle convergence appears again for potential breakdown like early March. Downside target is around 18000 level.
18000 Key Rebound / Support Level
03/23 DJIA 18000 came to defend or rescue dying markets. If bad news cannot knock it down further after about -38% drop, then rebound may come tomorrow or soon. It is time to take profits on short/put...
Nasdaq Next Target 6185-6400
03/20 Nasdaq next downside target is 6185 or 6185-6400 zone for rebound and support at weekly long term view. Since bear markets started on 02/25/2020, potential bottom for this bear markets might be ...
Watch Out Dow 18000 Rebound / Support Level
03/18 Dow Jones began its free-fall journey since 02/24 for the 4th week with -32% drop. It is time to arrive multi-year rebound or support level: 18000. This level was 6-year rally top (2009-2015) an...
Even Worst Case Scenario Dow 18000
03/16 If Dow cannot hold at current level around 21,000 level, next support line is at 18000 which is multi-year pattern support for the worst case scenario.