Dow Intraday charts 18/Apr - 22/Apr

[ChartMan]

Dow Intraday charts 19/Apr - 23/Apr

New week.

 

[tradesmart]

New week - Old calendar...........! :cheesy:

 

[tradesmart]

On a less facetious note………… :-0

RSI on the bigger picture seems to suggest a bit of headroom for ‘growth’ assuming that the current consolidation is confirmed as a lengthy bull flag……

And the big mid-March ‘W’ bottom hasn’t truly delivered its target………!?

It might all depend on soothing utterances from Big Al over the next couple of days…….

Something like “interest rates? – haven’t even crossed my mind recently!” might suit the bulls nicely………..

 

[ChartMan]

Looks like going nowhere except sideways..
Sorry about the start date for this week. Daydreaming again.

 

[ChartMan]

I'm under pressure to get a property renovation/conversion completed so I'm going to have to keep the reviews short for a while. This will mean , mostly, comments limited to more important features to be seen during the day and marked up charts. Sorry....

 

[ChartMan]

Nice drop back to support...but is that it? CCI well ito O/S as is RSI. Will it be a "V" bottom?

 

[ChartMan]

Intraday chart....

 

[ChartMan]

No V bottom then... target of triangle 160 ish. Bear flag target 200 ish

 

[ChartMan]

conflicting views from 10 min and 1 min charts....

 

[mombasa]

unless u take that triangle as a rising wedge which is bearish

or a ascending triangle which is bullish

 

[tradesmart]

As mentioned on Monday, it had to be a big bull flag didn’t it……?!

It took several days to deliver, but those seeking instant gratification will always be cruelly disappointed……

And as usual, hindsight is a wonderful thing……. :cheesy:

ps - whatever happened to the "interest rate worries"...?! - technical trading rools ok.....

 

[tradesmart]

One way of looking at it so far:-

Long on PD at 10300 – straight through 100ma and resistance levels (32's/64's etc) with little hesitation – very hopeful !

Steep climb bouncing off top of upper Bollinger band displays strength…

Stay long though ND is evident, but delivers minimal pullback – CCI ‘flatlining’ well above zero confirms strength (till things change…!……)

 

[ChartMan]

Well, better late than never with the V bottom. Triangle quickly delivered to 390 and non stop onto 495 ish.

 

[ChartMan]

Nice ride out of the triangle, with a simple re entry after the ND top as RSI went O/S...

 

[ChartMan]

A nothing day,but then that's to be expected after a big rise... Inv H&S would take us to 550 if it delivers...

 

[ChartMan]

Unusual turnaraound as CCI goes through zero.... talked about a lot theoretically, not seen too much in practice. Well, not as clear cut as this one.