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DIA

Global Futures Extend Losses, CPI ExplodesTaiwan's Stock Exchange Index just saw it's biggest market crash in 54 years according to ZeroHedge, falling 9%. Needless to say margin levels are at historic high's, so the bleeding has only now begun as potentially ugly margin calls commence. US CPI data came in (extremely) hot moments ago. We saw a rise of 4.2% YoY after CPI rose by 0.8% in April vs the 0.2% expected. This was the biggest YoY jump since September 2008, and the biggest MoM jump since June 2008. Core CPI rose 3% YoY, with a MoM rise of 0.92%, the largest MoM rise since 1981. Transitory though, right Powell? What a crock of shit. The US10Y yield is approaching 1.65%, and we're possibly looking at a cup and handle, with a vicious breakout soon, sending stocks spiraling at the worst possible time. We saw the dollar rally hard (0.30%) to 90.41, catching support at the February low around 90. The Vix hit an HOD of 23.9 moments ago, before cooling back to 23 as of 9AM. We've clearly broken out of the descending trendline formed from the March top, putting our target of 30 in play this week. A retest of the 21 support level is possible, but unlikely given this morning's negative sentiment after the ugly CPI print. QQQ is set to open below the 100DMA which was recaptured yesterday before we saw a rejection at the 50DMA. SPY is set to open at the red line support around 411, with the 50DMA potentially coming into play as early as today at 403.62. IWM is also poised to open below the 100DMA, which was recaptured yesterday before the close, bringing the March 25th low around 208 into play. The 200DMA is sitting all the way down at 190, so hold on to your hats if we see an ugly open like we did yesterday. Growth in particular is going to suffer today, with value likely seeing a BTFD parade. Later on around 10:30AM we'll see Crude Inventories, then around 2PM we'll see the latest Treasury Budget balance. * I am/ we are currently holding positions in UVXY, HUV.
AMEX:SPYShort
by Hedge_Of_The_World
17
CPI will exceed 0.3% today look for a very cautious marketThe US is forecasting a 0.3% monthly CPI today, we think it will be closer to 1% for the month, given the cost of goods has dramatically increased in the US and just now being priced into the market. Look for a return in the near term to the 50MA (332) and also the 1.27 fib at 326. A cooling the market needs to happen as companies continue to announce record profits based on a larger pool of money in the system. Note: we hold shorts from 348-9 in this asset.
AMEX:DIAShort
by swimmax
1
Great buy opportunity in DIA🚀Hello guys As we can see price is currently in Broadening Wedge pattern and now it trying to Pullback. - Entry: (for long-term) 1- $4 2- $3 Exit: $8 or more as it is fundamentally strong project🔥 If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! . . . . . . . . . . . . . . And do follow me on Twitter for EXCLUSIVE Market updates: @mywealthstory Your Support is very much 🙏 appreciated! Happy Trading
Long
by mywealthstory
1
DIA 77% Gain to New ATH @$7Oracle Season is here, DIA 77% Gain to New ATH at the 161.80% Fibonacci level @ $7.6. On the 2nd March the swing call script triggered a strong buy signal as the 13 EMA crossed up above the 50 SMA which was the start of this parabolic impulsive move. DIA has since grown 178% from $2 to a new ATH $5.77 on the 05/05/21. Since reaching a new ATH on 05/04/21, DIA has retraced down 48% and over the last month DIA was in a accumulation period trying to find support from the new ATH forming a Double Top. DIA failed to hold support at the new ATH, on 18/03/21 the 13 EMA crossed down Below the 50 SMA signalling a strong sell signal with profit takers still in the market, the downward selling pressure continued with the price breaking below the 200 SMA showing some signs of bearish momentum but as we have such strong fundamentals from this project and the whole market, it is clear that we are still in a bullish continuation pattern. We expect a 80% move similar to that from the 25th to the 5th April from the current set up over the next few weeks as we see more interest in oracles back in the market. Use the Buy Zones to Map your Buys, Happy Trading :)
Long
by CryptocurrencyMagnet
May 2 Market UpdateIn the coming sessions, participants will want to pay attention to where the S&P 500 trades in relation to its $4,186.75-$4,110.50 balance area. Balance (Two-Timeframe Or Bracket): Rotational trade that denotes current prices offer favorable entry and exit. Balance-areas make it easy to spot change in the market (i.e., the transition from two-time frame trade, or balance, to one-time frame trade, or trend). Any activity above (below) the balance-area high suggests participants are interested in discovering higher (lower) prices. Any activity within the balance area suggests participants are looking for more information to base their next move; in such case, responsive buying and selling is the course of action. Responsive Buying (Selling): Buying (selling) in response to prices below (above) area of recent price acceptance. Initiative trade below the balance-area low suggests an inclination by participants to revert to the mean and repair some of the poor structure left behind prior discovery. Initiative trade above the balance area puts in play the $4,210.75 minimal excess rally-high, and the cluster of price extensions at and above $4,200.00, typical price targets based on Fibonacci principles. Initiative Buying (Selling): Buying (selling) within or above (below) previous price acceptance. Excess: A proper end to price discovery; the market travels too far while advertising prices. Responsive, other-timeframe (OTF) participants aggressively enter the market, leaving tails or gaps which denote unfair prices. So, in the best case, the S&P 500 makes an attempt to balance or discover prices as high as $4,300.00. In the worst case, participants look to auction the S&P 500 into prior poor structures and low-volume areas (LVNodes) that ought to offer little-to-no support. More On Volume Areas: A structurally sound market will build on past areas of high-volume (HVNode). Should the market trend for long periods of time, it will lack sound structure (identified as a low-volume area (LVNode) which denotes directional conviction and ought to offer support on any test). If participants were to auction and find acceptance into areas of prior low-volume, then future discovery ought to be volatile and quick as participants look to areas of high volume for favorable entry or exit.
TVC:DJI
by Physik
DIA/USDT printing Livermore"s accumulation cylinder 💥Hello tradingview army, I hope everyone is doing good and taking care of themselves 😇 Lets talk about DIA/USDT today, As you can see in the chart DIA is trading in broadening wedge which is nothing but Accumulation cylinder of legendary trader jesse livermore Right now price is in a accumulation zone , if price go as a pattern we will able to see a massive parabolic rally in DIA/USDT. Thats all from my side , thank you !!!
by divineswaroopa
1