DIA
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.
DIA, SPY, QQQ Performance and Direction- Leadership rotation began on 02/16 where Nasdaq-100 (QQQ) gave up its upside leadership role
- Dow (DIA) is getting strong every day with a new high today
- S&P stays in the middle
- Market direction can be determined by looking at SPY to see if being dragged up or down
- Downside power seems to be stronger with QQQ so be prepared for full-scale downtrend or sell-off
$DIA Soars Higher as Tech Space DeleversIf you are sitting there thinking the market is in a "correction" right now, think again: the Dow is at new all-time highs today, led by financials, industrials, materials, energies, and staples.
It's only tech names that are taking a big beating. Rotation is the name of the game.
📐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".
🩸 🐖 "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.
NQ MFI oversoldNQ, ES, YM, and RTY MFI all oversold so probably a bounce today but don't sure me if it doesn't go up, lol.
It will probably fade the gap up a bit before heading higher. Chart looks the exact opposite as yesterday, nice whipsaw, lol.
Probably staying out, not feeling very bullish, but yields went down overnight, so it should go up.
DJI - Rockets through rising wedge pattern - Seriously? Okay, I have watched a lot of BS happen in this market over the last year, but this has to be the most appalling. Leading the charge is Boeing and up almost 8%. You know, the company that just had an engine explode a land on and land in a guy's front yard.