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DIA

SPY/DIALooks to be a divergence forming in the SPY/DIA chart between purchasing volume and valuation. Stoch is also approaching overbought but RSI is still within a good limit. Could indicate a coming pause in the cycling of the market after the recent upswing in value/non-tech companies. Could be a good time to get into some value companies or to check your charts for the same divergence and hedge or short if it makes sense. Similar divergence found on the daily SYF, CVX, and KHC daily charts. All three are also reaching overbought levels in either the Stoch 14/3/3, RSI or both.
AMEX:SPYShort
by hobo4000
DIA completed BAT pattern | A good long opportunityHi dear patrons, hope you are well and welcome to the new update on the DIA token. On the 12-hour chart, the price action of the DIA has completed the final leg of bullish BAT and entered the potential reversal zone. Possible profit and loss ratio: This trade has profit possibility of 18.5 % and the loss possibility is 3%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
Bull-Bear Transition Year 2000Nasdaq (Nasdaq-100 ETF: QQQ) was a strong leader prior to topping out on March 9, 2000. This is very similar to today’s market with about 100% gains from February 2020 to February 2021 Dow (ETF: DIA) and S&P (ETF: SPY) lagged behind Nasdaq during the Nasdaq rally When Nasdaq reversed from the top to its first stage, Dow and S&P were still near the record-high area. Three-day rebound (04/05/2000-04/07/2000), which mapped to today’s condition, was to prepare the next sell-off wave Then, it was another 5-day strong selling (04/10/2000-04/14/2000). Notice Dow and S&P performed well during that time. It made sense to see money rotation from red-hot technology or bubble to safer stocks like financial, industrial, energy, material. Does it sound similar when you compare Tesla (TSLA) with JP-Morgan (JPM) today? The rest story is straightforward to see bull gave its position to bears in the next 12-15 months that Nasdaq lost -80% and Dow was down -40%.
AMEX:DIAShort
by marketfellow
VXX Showing Indices Are Likely To Head HigherVXX tried to push up for the 4th time on March 4th and put in a climax buy bar. Price broke below that climax buy bar yesterday and now price is set to head lower. Looks like it might go and try to test the low of January and February of last year around 13.75. This is good news for the indices as prices are more likely to head higher. Also, just read that a Deutsche Bank survey said that 25-34 year olds will be spending HALF of their new stimulus checks on stocks. Other age groups said they would allocate 35-45% of their check on stocks. Looks like we're going higher at the moment. New bars on the chart can change that probability so we'll see.
AMEX:VXXShort
by Steven7960
1
📐pray for itLook at this trade opportunity, wolves🔥 Symmetrical triangle on bearish market. Sounds good, isn't it? There it is. According to Elliott Waves theory all the waves are done and now the price is close to the breakout point. Follow the chart and look for the breakout carefully. If you enjoy my FREE Technical Analysis , support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! Feel free to leave comments✉️ And always remember: "we don't predict, we react".
D
by Berzerk_invest
🩸 🐖 "Bulls make money, bears make money, pigs get slaughtered"Hi guys after Friday rout there are new developments in stock market indicies. Last week price action on AMEX:DIA formed bearish reversal pattern buying climax above upper megaphone pattern line at the top of rising wedge. This rising wedge is 5th Elliot wave which is signaling trend will reverse soon. As you can notice in chart last week realized volume was relatively big and volume week ago last week was rather small. Thats the signs that bears taking control significantly in recent days. I expecting this week breakdown bellow megaphone upper line and begin forming corrective wave (a). If you like the idea, do not forget to support with a 👍 like and follow. Leave a comment that is helpful or encouraging. Let's master the markets together.
AMEX:DIAShort
by Tomasgei
6