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Thedow

Cup with Handle on IBM Attempting to Break $140 Resistance LevelWe have a nice looking Cup with Handle on IBM and it's currently Challenging the $140 Psychological Resistance Level, if it can get above that i think we will see IBM's stock price push towards the $175-$180 measured move. On a side not i also believe the Dow will be the strongest performing Maor US Index and reach all time highs before any other index and that IBM will be one of the more major stock leading the way along with Microsoft and Intel.
NYSE:IBMLong
by RizeSenpai
1
TARGET REACHED Dow Jones at 37,242 - Still bullishReverse Cup and Handle formed on Dow Jones. The price broke up and since then has been rocketing to its first target at 37,242. Now that it is the new year generally we can expect the January Effect to kick in with enhanced optimism and positive buying. I don't like the USD looking to strengthen though, that might change the course. RIght now I don't have a setup or pattern line up. SO we will just go with the momentum and trend. Let's see if we can hit 40,000.
DJ:DJILong
by Timonrosso
The Dow Jones Has Bullishly Confirmed A Partial DeclineBoth the DJI and the SSPX have been trading within this Descending Broadening Wedge since the year begun and both have shown Bullish Variables that have allowed it to hold above a Horizontal Support Level. In this time The Potential for a Partial Decline has made itself present on the chart but the SPX has yet to confirm the Partial Decline of the Descending Channel. However, where the SPX has so far failed to the Dow has Succeeded in that it has come back up to challenge the Supply Line of the Broadening Wedge after having failed to come back down 100% of the way to test the Demand Line thanks to it being held up by a strong weekly horizontal support level and some strong amounts of Bullish Divergence at that very level. If we are to go by Bulkowski's statistics for Descending Broadening Wedge Partial Declines the DJI now has an 87% chance of successfully breaking out of the Wedge to the upside. The measured move for such a pattern would take us back up to the inception of the pattern. I personally will be targeting the 0.886 and 1.13 Retraces. Hopefully this will be a sign of things to come to the SPX which is still trading near it's Equally as Important Horizontal Support Level.
DJ:DJILong
by RizeSenpai
$DIA Key Levels, Analysis & Targets$DIA Key Levels, Analysis & Targets Some number’s I’m looking at. Sorry, not much of an explanation today… I’m tired LOL. GL —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I have a huge tolerance for volatility so please know that. If you’re new to my trade setups please try them on a small scale first. Then go in with a risk you’re comfortable with. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time) And most importantly… Have fun, y’all!! (\_/) ( •_•) / >🚀
AMEX:DIAShort
by SPYder_QQQueen_Trading
2
DJIA Recovery PatternThe Green price level line represents the top of the macro range previous to the most recent all time highs. My bias is that price action took a sharp plunge from Nov 8 - the beginning of December... Price quickly regained strength and bought back previous losses. If price finds strong resistance above the previous all time range the tells me that price is strong, or at least holding near the most recent all time highs... With the holiday season approaching, this makes me believe that the DJIA will break all time highs before the new year more than likely. just a thought
ULong
by joeyvalentino
4