DOW JONES - Completed Pattern.

9 Jun

US30USD While the SPX500USD & NAS100USD have been hitting new highs the DOW has struggled and has completed a Double ABCD Gartley pattern on friday and sold off into the close.
Setting up potential downside targets of 38300, 37800 & to complete the bigger pattern @ around 37k.
If we start heading lower on Monday then that could put the wheels in motion for the bigger correction.

Big data out mid week will send it one way or the other.

Enjoy the week.

I will post shorter time frame areas to watch with potential intraday turns points.

11 Jun

Catatan

Not much to update here. Still in a range and probably going to be quiet until CPI data & US Interest rates Wednesday.

12 Jun

Catatan

After completing the perfect Gartley back to the 61.8% level overnight we are now set up for the move higher which lines up with to major levels and multiple Fib levels. Big night going into US data and Interest rates.

Enjoy the day its going to be a wild one.

12 Jun

Catatan

Larger pattern with an upside target of 39500.

16 Jun

Catatan

A wild week last week with different scenarios playing out we now look at a quiet week on the Data front with 38800 the first trouble area for a downside reversal then up to complete the bigger pattern between 39300-39500. See what this week brings.

Enjoy the week.

21 Jun

Catatan

Completed the upside pattern now we wait to see if we get more selling or one more high. Either way a weak finish to the week could spell trouble for Monday morning..

23 Jun

Catatan

Dow is in the sell zone but with a pattern completion up at 39400 there might be one more move higher before a decent Sell off.

Enjoy the week.