Trading news

Dow Jones – prognosis via Dow Theory for calendar week 36/2015

Weekly chart:

No change since last week. The Dow has broken the very mature uptrend, thereby rendering it de facto trendless. Only the strong reversal candle from last week suggests that it may actually rise rapidly upwards once more. In this case, the Dow would be facing off against the two location point lines from the week and the month in this trend size.

Chart1

Daily chart:

In the daily chart, the downtrend can be seen clearly. The last correction zone lies between 17078 and 17536 points. The correction up until now goes to 16684 points. The futures are opening the week somewhat more weakly. So for now, the downtrend remains intact. The commencement of a new downward movement can be expected at any time.

Chart2

Hourly chart:

Logically, due to the current correction in the larger time frames, a corrective uptrend has developed. This is still active even at the beginning of the week. As long as the last point three at 16288 points is not broken by the closing price, it can continue to move upwards. If this is not the case, then the likelihood of the superior downtrend starting up again is greater.

Chart3

I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

All the best

Markus Gabel

Head of Sales/Trading

AgenaTrader/TradeEscort

AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Monday, 31 Aug, 2015 / 5:11

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