DOW

Better not, but who knows, Nasdaq going parabolic asking for bubble to burst, in the menatime we almost completed 5 waves move form March low, currently in final stages of extended wave 5, wealth redistribution into gold and silver in recent days, hmm who knows. Definitely bigger correction coming to correct whole cycle from March low, if that big thing is about to happen, then war with China could be on the cards as don't think covid could do that big damage at this stage

Hey folks,

Hope you're keeping well.

I've been meaning to do some meaningful analysis on the markets - alas time is unforgiving.

Also been scalping every now and then - but still on the sidelines more - which is burning me up!

anyway, for the past few sessions, i've found that buying on the floor area (took the green line as a light house) has been working well.

buy at support / selling where ever the gut-risk feels like - until it no longer works - in either direction.

Anyway, not advice or anything as the usual disclaimers say, just putting it out there.


Dow Hourly

https://ibb.co/RNk8QXK

Golden cross has formed on the DOW, this is a bullish scenario.

www.marketwatch.com/story/a-bullish-gold...ustrials-11596740412

Look what happened when bearish death cross happened

Yep.... good point MM
Some nice charts Libero!
For these golden and death crossovers the strongest move comes in the build to the crossover imvho
It’s the same for individual stocks as well.....

Once the crossover happens you do often get a reversal....

I think the real economic impact is still come with all of this.
With furlough due to end soon.... can companies afford to keep staff?

Let’s see....for the Dow it will all depend how willing the fed is to come up more cash .

atb
Trendfriend

THAT GAP AT THE TOP IS GETTING FILLED!
IF THERE IS GOING TO BE A PROFITABLE DJI SHORT, IT IS AT 28402.9$!