Dow Jones Top Down Analysis

2024年6月15日

12 month Chart

On a measured move to hit 150,000 in this current Bull Secular Trend



3 Month Chart

Trendline for each bull cycle holds well


1987 = 2019 covid crash. The same area in the bull cycle
followed by a break to new highs, a pullback and a grind higher.
We are in the grind higher, awaiting the accelerated trend to start



Monthly Chart

Price is trending on its 3 month bull cycle trendline. Price is in a pullback on the monthly back to the November 2023 Fat Bullish Bar's top demand area/grey box



Weekly Chart

Price is in its pullback phase with price oscillating around the opening price of 2024. It is currently forming a Weekly bear flag and is getting ready to break to new lows soon to oscillate around the bottom portion of 2024's open



Daily Chart

Price is in a bearish pattern, a bear flag. I am expecting lower prices. I am also waiting for another bounce inside that flag before the drop




4 Hour Chart

Price is bouncing up towards the yellow box for the second top before the completion of this bear flag. Bias is Bullish short term



15 Minute Chart

A triple bottom with the third bottom as a higher low, a break of structure over the NY open's high.



Price is bullish on the 15 minute chart to take out those pivot highs up until CPI's peak high.