DOW

Is that a fully formed H&S on the 5min dow?

Dow - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...EVbH4UsM9B3vfDnmo%3D

May well have been other resistance levels around the high for Thursday on the Dow....for me the 20 day ema line always acts like a trendline for any bearish indices/stocks trying to rally back....always watch that level as usually the fist sign of a bounce back...if it clears that feature....

The fact it has failed is significant imho...and that is a pretty low bar to to set....
Especially considering the huge relief bill passed on Friday....
The focus should now shift back to the news...both in terms of the medical perspective as well as the financial.... and that doesn't look great! more down imvho....

the ftse and the dax came off the 20 day ema line as well...pretty much perfectly as well.

ftse - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...jeKipfsuCGQTqrrGZ4s=

dax - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...30KiG7xdbJ5L32jf0%3D

stay safe folks....and have a good week ahead
atb, wdik, dyor,
trendfriend

Look how the dow finished yesterday bang on the 38.2 fib....and its coming down from that today so looks like its held and the bears will take control again...

AdeMcG wrote: Hi Libero, how do you zoom in on your chart?
I guess I am getting old

Hi Ade,

We're all old now!

(the charts I upload are normally big enough resolution wise to fill a 27" screen, but once uploaded, I do notice that they do shrink ).

Two quick ways (and happy to take advice on any other):

1. hold Ctrl + move forward with the wheel of your mouse.
2. Save the image or drag it to your desktop, and then open the chart (in the program of your choice) and magnify.

Hope this helps!

Yeah, horrible picture this - For ALL the people affected.

Here's hoping that we'll come out from this as a better and more responsible (global) society*


*but i doubt it.


Stay safe people.

Just have to look at this to see how bad America will be affected....and bear in mind USA is meant to be 3 weeks behind Europe...scary.
I can’t see how there market will go any higher....it’s crazy...

Also remember it’s Friday and you dont want to be long over the weekend ....