Dow doesn't look like it'll do too much today. I've got a first level of resistance around 190, and then perhaps 230 if it gets above that. Support atm looks to be the 10m 100sma around 150.

Trade the Dow/Dax

So, the Dow/S&P broke new highs off of the Powell testimony, but I'm not buying it. The US stock market is a junkie on steroids, and this latest move higher looks to me to be a death throe move, nothing more. European stocks meanwhile have been ...

Trade the Dow/Dax

Just following up on my last post about the potentially bearish 4 day pattern I have on Dow, which seems so far this week to be playing out exactly as I anticipated it might. Here's my chart. When the green MA pulls up to pink, it is a very bearish ...

Trade the Dow/Dax

New highs, better than expected job numbers out of the US - surely US stocks are going to move higher next week, breaking and holding above 27,000? Not if my TA holds water. Nothing is ever a certainty in this game, which is why unlike others, I am ...

Trade the Dow/Dax

Did the Dow Jones peak today? Last week's Doji, the triple top, and today's sustained selling, leads me to think that it just may have done. Certainly, these are very critical levels.

Trade the Dow/Dax

Yes, looks like it's found good support, and the Dow is only 100 pips below its all time high, so the Yanks may buy it higher. Around 590 looks like a possible resistance level for the Dax if it can get back up there.

Trade the Dow/Dax

My last two posts show what a powerful tool diversion can be. The 10m chart with those very negative candles combined with the diversion pattern were as good a sign as any that the price was going to fall back. Dax could drop to around 500 if it can ...

Trade the Dow/Dax

Got some MACD diversion on my Dax 15m atm, so be aware of that, and a level on the weekly chart that Dax may be headed for. Atm, the bullish trend is strong, but this diversion if it holds may bring it down a bit before it goes higher, if it goes ...

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220 pip drop on the Dow from that diversion on today's R3 pivot. The support was the 30m 100sma, which is probably as low as it'll go today.

Trade the Dow/Dax

Looks like we might get a bit of a pullback on Dow now or soon, so the big test will be whether it can recover to today's high, or break down to end the day below 700, which for me, will be a bearish sign....pulling back a bit now. 700-730 looks ...

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These diversion patterns have held well so far. I think a daily close today on Dow below 26,700, which was the 2018 high, so the left shoulder as we look at it, could be very significant.

Trade the Dow/Dax

Here are those diversion patterns on Dax and Dow mentioned above. They are not confirmed yet, but the price is looking like it might be putting in an intra-day top on both, so worth keeping an eye on.

Trade the Dow/Dax

The left shoulder high of 26,700 has been broken on the Dow this morning, and now the head and all time high of 26,955 looks to be in sight. However, the H1 chart is right now sitting on a very nice looking diversion pattern with MACD, so we'll see ...

Trade the Dow/Dax

Well judged!

Trade the Dow/Dax

26,000 is a key level, atm rejecting the price. If this can break, then we could see lower levels today on Dow.

Trade the Dow/Dax

This Dow support looks strong, so shorts beware of that.

Trade the Dow/Dax

Thank you! Yes, I was watching this level on Dow, and when the Sunday night gap up stopped on the 76.4% to the pip, and again this level sent the Dow down last night, Today was sneaky though, because it broke and everything looked bullish until it ...

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Apologies for my absence of late from this thread, I've just been really tied up, but will get back here to post much more frequently. Anyway, very happy to see quite a few of you posting here. Dow triple topped on the 76.4% retrace from the all ...

Trade the Dow/Dax