Dow Jones – Before and After

I had posted a Dow Jones chart/view before the event of the General Elections. You can view it here.

And see what happens … the support hold and booom. All time highs on the Dow Jones.

Enjoy the new highs and added wealth into your portfolios and trade safe.

You can view the enlarged chart here or on clicking on the chart.

djiaeod20161110

Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only.

Dow Jones

An event is nearby and the markets are doing what it does – come and rest at support/resistance. And its supports this time.

See the number of times this band has been test. Umpteen times from below (resistance) and now the third from the top (support). A classic case of Resistance turns Support structure.

Now – the million dollar Q is – what will the markets do ?

Well, we can only wait and watch and react after the markets decide what it wants to do. To do anything before that would be harakiri if markets decide to go against your position.

Chart below. For a larger chart, click here or on the image below.

dow20161103

Earlier too I had posted a DJIA view which you can find here. Worked pretty much according to my view. Lets see what this time the markets would do – big event, big move in the offing whichever side it decides to move.

Disclaimer: I am not a Research Analyst and not registered with any regulating authority. All posts are for educational purpose only.

Dow Jones – A look

The EOD chart is displayed below. A triangle at the top has broken down. And a valid retest of the breakdown has been done too.

Of course, because of an event in the US mkts, the markets can play naughty and whip a bit too – lets see how it plays out, not recommending or expecting anything here.

eod-djia-20161019

Just to re-affirm, the hourly chart is given below. The retest has been done proper.

hrly-djia-20161019

Now we wait for the index to make its move.

Credits to friend/trader Arun ( Twitter handle @HybridInvest ) for the idea.