Dow

[Kodiak]

Weekly

Buy the dip at 30K?

[Carl-Gustav]

Looking good!

If price declines into March and then bottoms on the 14th of March at the 30k level we will have a great opportunity to go long for new highs all the way into 2023! March 14th is the next cyclical turning point and a low on that day will signal a rally.

Edited January 23, 2022 by Carl-Gustav

[MongiIG]

22 hours ago, Kodiak said:

Weekly

Buy the dip at 30K?

DOW JONES TECHNICAL ANALYSIS

The Dow Jones has fallen more than 5% this year amid broad-based stock market weakness. After the recent pullback, the index has broken below its 200-day simple moving average and is now sitting near a key floor in the 34,665 area. If sellers manage to invalidate this support, traders should prepare for a possible decline towards 34,400 and then 34,000, the December low. On the flip side, if we witness a rebound, resistance appears near the 35,000 psychological level, but a move above this barrier can attract buyers and set the stage for a climb towards 35,500 over the near term.

DOW JONES TECHNICAL CHART

Dow Jones Chart prepared in TradingView

 

Written by Diego Colman, Contributor. DailyFX 21st, Jan 2022

[MongiIG]

[Carl-Gustav]

US30 approaching cyclical support...

[MongiIG]

S&P 500, FTSE 100, DAX – Equity Markets Slump as Russian Troops Invade Ukraine

Feb 24, 2022 |  Nick Cawley, Strategist. DailyFX

S&P 500, FTSE 100, DAX 40: PRICES, CHARTS, AND ANALYSIS

• Equity markets hitting multi-month lows.
• Further volatility is expected going into month-end.

Global stock markets have made fresh multi-month lows on news that Russian forces have invaded Ukraine, confirming Western fears. The markets are now waiting for confirmation of increased sanctions by the US, EU, and the UK to Russia’s aggression and these embargoes will only add to the current heightened levels of volatility in a range of asset classes. While these new sanctions may eventually bring a level of calm to the market, in the meantime expect heavy swings either way in all equity indices.

While the crisis in Ukraine remains the dominant driver of risk and markets currently, month-end equity portfolio rebalancing may also add an extra dose of volatility in the coming days.

VIX INDEX DAILY CHART - FEBRUARY 24, 2022

How to Short Sell a Stock When Trading Falling Markets

The S&P 500 is now back at levels last seen in May last year and has lost over 14% since printing an all-time high in early January. Horizontal support from prior swing lows continues to come under pressure and until the overall situation becomes clearer, further sell-offs cannot be discounted. The CCI indicator shows the S&P 500 in oversold territory and this may act as a short-term buffer against further sharp falls.

S&P 500 DAILY PRICE CHART - FEBRUARY 24, 2022

The FTSE 100 is also under pressure but the indices’ composition is helping to stem further losses at the moment. The FTSE is heavily skewed towards large oil and commodity companies and with the prices of these commodities pushing ever higher, and with a weaker GBPUSD rate helping FTSE exporters, further losses may be contained for now. Recent losses have also pushed the CCI indicator into heavily oversold territory.

FTSE 100 DAILY PRICE CHART – FEBRUARY 24, 2022

 

The DAX 40, in contrast to the FTSE 100, is being hit harder due to Germany’s heavy reliance on Russian energy. The DAX is over 2,000 points lower than the double high seen in mid-November and early-January, while volatility is at a multi-month high.

DAX 40 DAILY PRICE CHART – FEBRUARY 24, 2022

What is your view on Equities and Risk – bullish or bearish?

[Carl-Gustav]

Daily Chart of US30 with Major Cycles.

Edited February 24, 2022 by Carl-Gustav