Sunday, May 3, 2020

US market TA comment: Sell on May?

DJIA

DJIA started the week with a powerful green bar and break the resistant of 50% Fibonacci retracement. However, the uptrend made a top on Wednesday and started to retrace and close below the support on 24000 as well as the 50% FB retracement support (23859). As we can see from the chart, the monthly resistant of 24805 is very strong.

Based on historical data, the saying of Sell on May is kinda valid. As a result, it would be good to side-line and monitor how low it can go. It is also important to monitor if DJIA can sustain above the supporting of 23000 and 22524.

Supporting level:  1. 23380            2. 23000              3. 22524
Resistant level:      1. 23859           2. 24000              3. 24805

DJIA weekly chart shown that the resistant of 23859 is very strong, where it had challenge the resistant again but failed to stay above it for the 2nd time.

On the other hand, the weekly candle for this week has a long upper tail which looks like a shooting star. It is a sign of toppish which indicate strong selling pressure on top.

It is important for us to monitor whether the index will break all the support and challenge previous low or it will form a higher low. 

The monthly chart for DJIA shows that April had a big rebound (+14%) and formed a bullish counter attack formation which is quite bullish. Eventhough it’s a bullish formation, we can also notice that it had hit the resistant of 24805 and started to retraced.

Even its quite bullish but the 1st trading day of May had a 3% retracement which form a small red bar which is still an inside bar for April’s bar.

Looking at the chart, we can see that the bar on March is a “Twin fractal bar”. This bar is quite an important candle, as the top and bottom of the candle will be the landmark that differentiate the bull and the bear.

This mean that if DJI able to break the resistant of 27121 and stay above it then the index is back to the bull stage and this 27121 will be a very strong support. If the Index unable to sustain above 18200 and close below it, that’s mean the index might head south further. 18200 will be a very strong resistant.


S&P 500
S&P500 started the week with a gap up and break the break the monthly resistant and challenge the cluster of 2944 and resistant on 61.8% Fibo retracement (2933) on Wednesday, however, it failed to stay above these resistant and fall back on Thursday follow by a gap down on Friday. The gap down red bar on Friday had cancel off the gap up bullish effect of Monday bar.

The index rebounded after it hit the supporting on 2820 and close slightly higher, I believe the index will soon challenge this supporting again. It is important to see if S&P 500 manage to stay above the supporting on 2822 follow by 2792.

Supporting level: 1. 2820               2. 2792                 3. 2750

Resistant level:    1. 2888               2. 2933                 3. 2946

Looking at the weekly chart, it had formed a candle with small candle body but long upper line which is a shooting star candle pattern which indicate toppish. It is important to monitor whether will it break through all the supporting to form a higher low or will break the low of 2192. 

Looking at the monthly candle chart, the candle on April is impressive. However the candle on March is much important as it is an important benchmark to tell if we are out of the woods, or not. If it could break the resistant on 3135, meaning we will be out of the woods while breaking 2192 means, it is going to be doom. 

Nasdaq

9 comments:

Christopher Walker said...

This is really serious, who will believe that a herb can cure herpes, i never believe that this will work, i have spend a lot getting drugs from the hospital to keep me healthy, it got to a time that i was waiting for death to come because i was broke, one day i hard about this great man called Dr. Kham who is well know for Herpes, HIV and Cancer cure, i decided to email him I didn't believe him that much, I just wanted to give him a try, he replied my mail and Needed some Information about me, then I sent them to him, he prepared a herbal medicine (CURE) and sent it through Online Courier Service for delivery, he gave my details to the Courier Office. they told me that 3-5 days I will receive the package and after receiving it, i took the medicine as prescribed by him at the end of the one week, he told me to go to the hospital for a check up, and i went, surprising, after the test the doctor confirm me Herpes simplex virus negative, i thought it was a joke, i went to other hospital and was also negative, thank you for saving my life, I promise I will always testify of your good works. if you are herpes simplex virus patient, OR you are be helping by someone before i will like to advice you to give this man a try and see what will happen to your life don't worry about the money you have being using contact him and I am sure you, you will get cured, WhatsApp him on +2348159922297 or You can as well contact Dr. Kham via email: dr.khamcaregiver@gmail.com or dr.khamcaregiver@outlook.com) You can Also Visit his website to know more about him at > https://drkhamherbalhealingcenter.wordpress.com/ Dr Kham HIS ALSO SPECIALISED ON
(1) CANCER,
(2) DIABETES,
(3) HIV&AIDS,
(4) URINARY TRACT INFECTION,
(5) FIBROID,
(6) IMPOTENCE,
(7) BARENESS/INFERTILITY,
(8) PREGNANCY,
(9) MONEY SPELL,
(10) HERPES,
(11) ASTHMA,
(12) HIGH BLOOD PRESSURE,
(13) HSV 2,
(14) EX BACK,
(15) GOODLUCK IN BUSINESS,
(16) SUPER POWERS,
(17) LOW SPERM COUNT
contact him with his (+2348159922297)
I cant stop talking about this man called Dr. Kham cause he is God sent to cure humans from different DISEASES with herbal medications, he cured me of HERPES VIRUS, he will also help you

Marie Planta said...

Greatest thanks to Dr Oyagu for his herbal drugs that he prepared for me and when i start using it in just 2weeks i was completely cured and that ended my HERPES SIMPLEX 1&2 DISEASE i am so happy and grateful to Dr Oyagu . after reading about him on a testimony of Jason Cash on a blogger. i knew suddenly Dr Oyagu was the right Doctor to cure my HERPES SIMPLEX 1&2 DISEASE. i discuss with Dr Oyagu and he prepared a herbal medicine for me and when it got sent to me in south korean . i used the herbal medicine and 2weeks and i went to check up again. after 15years of suffering from HERPES SIMPLEX 1&2 at last i am smiling once again. Dr Oyagu also has remedy to others disease like COLD SORES,HIV/AIDS,DIABETES.CANCER,HIGH BLOOD PRESSURE AND MANY MORE. I oblige everyone to contact this powerful herbalist Dr Oyagu and be free from your suffering. contact his WhatsApp line: +2348101755322 or his Email:Oyaguherbalhome@gmail.com

Mary Kent said...

HERPES CURE IS REAL:
Indeed Doctor Disu has a cure for Herpes Virus, I was once victim of the herpes virus with many epidemics on my body, I was cured of the virus thanks to the help of Doctor Disu herbal medicine. I have met most of his patient testimonials on blogs and social media pages, cured of various illnesses. I contacted him with his email address to which he replied and asked me a few questions and the preparation method for which I paid, he sent me herbal medicines and with his prescription I drank herbal medicine for 21 days and the epidemics on my body were healed after concluding herbal medicine, I went for the test and my result was negative with no trace of virus in my blood. You can also be cured, contact him on his official email; africanherbalcure@gmail.com or WhatsApp him on +2348167485904.

He said he had an herbal remedy for
Diabetes, cancer, PENIS ENLARGMENT, UTI, HPV
heart disease and liver disease and many more.
website: https://drdisuafricanherbalcure.weebly.com

charles vanessa said...

I am here to testify how great man called Dr ADAZAL helped me out with herbs and roots which he prepared for me in use of curing my herpes . I takes his product (cure) for (14) days before I am to known I was totally cure out of it, and i promised him that i will testify my healing to the whole world about how he cured me which I am very happy I am doing now , Dr ADAZAL also cure all kinds of diseases , HEPATITIS, A,B,C , CANCER, DIABETICS , FRIBLOD,ALL KINDS OF SPELL CAST ,and so much more , please you can get him contacted on his whatsapp or call on +23488073688335 Or email via dr.adazalherbalcure@gmail.com
He can also cure following virus
(1).HPV
(2).Cancer
(3).Hepatitis
(4).Hiv/aids
(5).Pcos
(6).Fibroid
Visit his website.       https://dr-adazal-herbal-cure.jimdosite.com
Visit his Facebook page.  https://www.facebook.com/Dradazalherbalcure-113851246922332

marry judith said...

FINALLY FREE FROM CANCER DISEASE.
what a miracle i never believe there is cure because my doctor tested me cancer positive and she told me there is no cure, i’m very happy today that i’m having a free life without this CANCER diseases, i can remember some months ago when i was crying all through the night and day that i can’t get cured from this CANCER, i found this herbal man called Dr adazal on internet when i was doing research on cure for shingle i contacted him to found out if i can get help from this cancer diseases, i was so surprise when he told me that he have the herbs cure to it and he sent me the herbal in less down 5 days i was so happy when i get someone giving me hope that he can cured me i took the herbal for just 2 weeks, when i went for test after taking the herbal i found out that i am cured i was so happy and surprise, i want to use this opportunity to inform you that there is cured to cancer diseases you can also contact him for his help as soon as possible so that you can get rid of this cancer once and for all you can reach him through this email: dr.adazalherbalcure@gmail.com or whatsApp him on +2348073688335 You can also contact him on any disease and virus in this he all have the herbal cure to it.
1 HIV/AIDS
2 HERPES
3 CANCER
4 ALS
5 HEPATITIS
6 DIABETES
7 LOVE SPELL
8 INFECTIONS
9 HIGN BLOOD PRESSURE,.....
THANKS TO DR adazal FOE THE GOOD WORK IN LIFE YOU ARE TRULY A BLESS.  you can visti his fb page https://www.facebook.com/Dradazalherbalcure-113851246922332/  And Adazal   Website  https://dr-adazal-herbal-cure.jimdosite.com/

robetharmonton said...

I was diagnosed of herpes virus, I have tried all possible means to get cure but all my effort proved abortive, until a friend of mine introduced me to a herbal doctor called Dr Agaba, who prepare herbal medicine to cure all kind of diseases including herpes virus (Herpes), when i contacted this herbal doctor via email, he sent me herpes virus herbal medicine via courier service, when i received the herbal medicine he gave me step by step instructions on how to apply it, when i applied it as instructed i was totally cured from the virus within 3 weeks of usage. Contact this great herbal doctor today to get your cure. 
Via Email: Dragabasolutionhome@gmail.com or WhatApp: +2349074536486

Anita Lawson said...

It’s obvious some patients with herpes are being enslaved to the antiviral and other supplementary Orthodox medicine just to help suppress the virus and not a cure. I have been with the virus since 2015 until I was introduced by a blogger who also narrated her story online on how she was cured of Genital Herpes after using Dr Sikies Herbal Medicine. This is a year and 2 weeks since I was delivered from genital Herpes. All thanks to God for using this Great herbalist to heal me. I have promised to keep telling good things about Dr Sikies. Please feel free to share Your problems with him and don’t forget to tell him I did refer you to Him. Thanks. Write him on mail Drsikies@gmail.com He deals with Alzheimer virus, Cancer, HIV, Herpes, Genital, warts, ALS, BV, UTI, Virginal infection, Genital, Wart, HPV, Hepatitis A/B, Good luck, HSV, Pregnancy, Ex back.

here is his website: https://drsikiesherbalcure.weebly.com

you can reach me via mail: anitalawson515@gmail.com

Ross Megg said...

Thanks to @doctor_saibu who cured my Genital HerpesI was depressed when the doctor told me that I have been diagnosed with Herpes disease… I thought about my Family, I know my Family will face a serious problem when I'm gone, I lost hope and I wept all day, but one day I was searching the internet I found drsaibu2@gmail.com and he guided me. I asked him for solutions and he started the remedies for my health. Thank God, now everything is fine, I'm cured by dr_saibu medicine, I'm very thankful to dr saibu and very happy with my family.or you can also reach him through https://drsaibu2.weebly.com
 Whatsapp number +2348064438762
He can also cure so many sickness{1}HIV And AIDS{2}Diabetes{3}Epilepsy{4}Blood Cancer{5}HPV{7}ALS{8}Hepatitis {9}Low spam count. {10}Fibroid

Ose White said...

I want to share my happiness to the world on how i was cured from (HERPES VIRUS) by Dr Oseremen herbal , i visited different hospital but they gave me list of drugs like Famvir, Zovirax, and Valtrex which is very expensive to treat the symptoms, but i did not have that kind of money to buy the drugs.the one i used before did not cured me. on one faithful day, a friend of my in united kingdom told me about Dr Oseremen herbal, he told me that,it is the herbal treatment that cure is husband from hepatitis B and she told me that he have cure so many people from herpes virus with is herb medicine,then she told me to contact him that he we cure me with is herb . when i contacted Dr Oseremen, he gave me hope and say that i we be cure once i get his herbal, he send the Herbal medicine to me and i take it for two weeks and it seriously worked for me, i went to the hospital to check, my HERPES result came out negative. I am so happy as i am sharing this testimony. My advice to you all who thinks that there is no cure for herpes that is Not true, just contact him and get cure from Dr Oseremen healing herbs, he also have the herb to cure any kind of hepatitis B,C A. AND DIFFERENT KIND OF SICKNESS Remember delay in treatment leads to death.. contact Dr Oseremen on is email at (Dr.Oseremenvadi@gmail.com) or whatsapp him on is Number :+2349056394313 and he we cure you with is HEALING HERB MEDICINE , thanks to Dr  Oseremen for cure me is healing herbs medicine

Stay VIGILANT!

US Market has been doing well last week, however, its always important to stay cautious.  Stay VIGILANT! DJIA  DJI closed higher over the we...