DJIA and the world markets (Macrotrend): 2 January 2021

    

DJIA and the world markets (Macrotrend):

2 January 2021
(Click on the Technical Chart Above to Expand)

Attached is the Super-cycle/Secular-cycle of DJIA and it serves an indicative guide to world markets (similar trend for S&P500 as well). There is practically no chance any trend can break up a trend up-channel resistance of a logarithmic chart because in linear scale, it already looks exponential. A deep down-move in world markets is expected -- upside almost negligible compared to downside, i.e. rewards virtually negligible compared to risks. Outlook: bearish in everything.

The Donovan Norfolk Technical (SIA):
High Bearish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.  

Technicals of Singapore Airlines: 1 January 2021

   

Technicals of Singapore Airlines:

1 January 2021
(Click on the Technical Chart Above to Expand)

Attached is the Monthly Technicals of Singapore Airlines. A strong November rebound which had gone according to my anticipation was followed by a weak December stalling. This has forced me to relook and flipped me back to high bearishness on Singapore Airline share prices. The resistance in grey is likely to hold. The dead cat rebound support line in pink is like to break down. When it breaks, the blue line support at $1.90 needs to be tested. Region between pink and blue lines is a vacuum zone of sharp price action, in sync with how price actions execute when important support breaks. I expect this support to break down in 2021. I am back to bearishness on all airline companies.

The Donovan Norfolk Technical (SIA):
Bearish

DISCLAIMER

This analysis site, as well as the analyses in it, is created for the sole purpose of education, discussion, fundamental analysis knowledge sharing, technical analysis knowledge sharing, funds flow analysis knowledge sharing, general skills-knowledge sharing and opinions sharing. The contents of this blog are not to be taken as investment advice or inducement to trade, and I take no responsibility for any gains or losses as a result of reading my analyses, judgements and opinions. In essence, practise due diligence.