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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