I have found the Holy Grail indicator for the Dow Jones - 100% right so far
batsonar
Experienced member
- Messages
- 1,438
- Likes
- 126
Closing price of the Dow Jones - Wednesday the 26th May 2021.
The DOW Jones appears to be in a "trading range". There is currently NO "Sell" (short) signals being given by my indicators, however an indicator called the SMI Histogram is saying the DOW is showing signs of weakness with a negative reading of -0.17. This could be an early warning sign that the DOW is about to fall but I need further confirmation from some of my other indicators before calling a "Sell" on the DOW. On my 3 month (1 day bar) chart there is a "Pivot Point" support level at 34,102 on the DOW.
The DOW Jones appears to be in a "trading range". There is currently NO "Sell" (short) signals being given by my indicators, however an indicator called the SMI Histogram is saying the DOW is showing signs of weakness with a negative reading of -0.17. This could be an early warning sign that the DOW is about to fall but I need further confirmation from some of my other indicators before calling a "Sell" on the DOW. On my 3 month (1 day bar) chart there is a "Pivot Point" support level at 34,102 on the DOW.
batsonar
Experienced member
- Messages
- 1,438
- Likes
- 126
Closing price of the Dow Jones - Tuesday the 1st June 2021.
A few of my indicators are on the verge of a "Sell" (short) signal but nothing is actually "screaming out" SELL at the moment. On my 3 month (1 day bar) chart there is a "Pivot Point" support level at 34,250 on the DOW. There is also a resistance level at 35,026. I do feel the DOW will "creep" slowly to all time highs unless something "spooks" the market in the short to mid-term which could easily happen.
A few of my indicators are on the verge of a "Sell" (short) signal but nothing is actually "screaming out" SELL at the moment. On my 3 month (1 day bar) chart there is a "Pivot Point" support level at 34,250 on the DOW. There is also a resistance level at 35,026. I do feel the DOW will "creep" slowly to all time highs unless something "spooks" the market in the short to mid-term which could easily happen.
batsonar
Experienced member
- Messages
- 1,438
- Likes
- 126
Closing price of the Dow Jones - Wednesday the 2nd June 2021.
I am now using 27 indicators in my trading system. Only 3 of the indicators are giving a "Sell" (short) single so in itself that is not good enough to go for a "Sell" on the DOW. I would like to see quite a few more indicators giving a "Sell" signal before calling a short on the DOW. If the DOW does fall then it could be limited because there is a "Pivot Point" support level at 34,250.
I am now using 27 indicators in my trading system. Only 3 of the indicators are giving a "Sell" (short) single so in itself that is not good enough to go for a "Sell" on the DOW. I would like to see quite a few more indicators giving a "Sell" signal before calling a short on the DOW. If the DOW does fall then it could be limited because there is a "Pivot Point" support level at 34,250.
Last edited:
batsonar
Experienced member
- Messages
- 1,438
- Likes
- 126
Closing price of the Dow Jones - Thursday the 3rd June 2021.
I am currently using 27 indicators in my trading system. At the close of the DOW today 9 out of the 27 indicators are giving a "Sell" (short) signal. The DOW is showing signs of weakness and could fall over the short to mid-term in my opinion but there is a "Pivot Point" support level at 34,250 on my 3 month (1 day bar) chart so any fall could be limited. I still think the DOW is trying to get to all time highs in the mid-term.
I am currently using 27 indicators in my trading system. At the close of the DOW today 9 out of the 27 indicators are giving a "Sell" (short) signal. The DOW is showing signs of weakness and could fall over the short to mid-term in my opinion but there is a "Pivot Point" support level at 34,250 on my 3 month (1 day bar) chart so any fall could be limited. I still think the DOW is trying to get to all time highs in the mid-term.
Last edited:
batsonar
Experienced member
- Messages
- 1,438
- Likes
- 126
Closing price of the Dow Jones - Friday the 4th June 2021.
Out of the 27 indicators I am using only 1 is in negative territory. As I have said in previous posts, I do feel the DOW Jones is attempting to get to all time highs in the mid-term. I think it has a good chance of getting there soon.
Out of the 27 indicators I am using only 1 is in negative territory. As I have said in previous posts, I do feel the DOW Jones is attempting to get to all time highs in the mid-term. I think it has a good chance of getting there soon.
batsonar
Experienced member
- Messages
- 1,438
- Likes
- 126
I call this my 100% positive or negative indicator. Its a selling and buying volume money flow indicator set to custom settings and has patent technology behind it and can only be foundon on one particular website. As you can see, it is now is reading 100% negative (in the RED) which means the possibility of a negative trading day tomorrow or over the short-term on the DOW. Some of the other main indicators I use are also showing negative signals at this moment in time.
Last edited:
