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DIA

1:9 Risk/Reward Ratio NOWLow risk entry NOW. The trend is up until this channel breaks with volume. Please feel free to check out my other ideas, I really want to help people understand the market the way that I do. I hope we profit TOGETHER! If you found this to be insightful or helpful, please show appreciation by hitting that like button. If you want more ideas I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation! DM me to get these charts and my ideas before anyone else!
CBOT_MINI:YM1!Long
by chartsareforships
WHat do we do on red days?It's easy to make money when everything is going up. but what happens when we hit a red day in the market, or even week-long red days? We hunt. AS every good hunter knows, it's best to hunt when there is blood in the water. We start by filtering all of our watchlists by percent gain for the day/week/month or whatever time frame you trade on. WE are looking for the stocks to go against the flow of trading. Green stocks. They act like rubber bands when the market returns to positive territory. so in conclusion, when the market is moving against you, look for stocks that show strength and look for opportunities there.
AMEX:SPY
by The_Level_Two
DIA/BTC (Test Old Resistance?)KUCOIN: DIABTC -DIA broke the local resistance around 0.000232 sat -It is now pulling back to test old resistance becoming new support -This is a good pullback enter (Aggressive position) with stop loss below 50ma red -While momentum traders will wait for the break of the recent High at 0.000275 -This is my simple trading plan, always follow your rules before trading ^Trading involves High Risk ^Not Financial Advice ^Please exercise Risk Management **If you like my daily Published Ideas **A little help by supporting my Channel **Through leaving a Thumbs Up, Comment & Follow **Happy Trading! --> Thank you! :)
by PolarHusk
7
Thoughts on the S&P through end of 2020TVC:SPX AMEX:SPY CME_MINI:ES1! CME_MINI:ES1! Well, the S&P; has made a crazy trip from Yearly S2 to Yearly R1 in what has certainly been a psychotic 2020 -- one that isn't over yet. On this weekly chart, I'd like to point out the firm rejection on R1 and then the follow through to the downside this week. While it wasn't crazy-strong follow through, it's certainly enough to make anyone paying attention take note. What's worse is that we have weakening RSI showing major divergence vs. the previous high, and also just a general divergence going back a few years before RSI reset this past March after hitting 30. What that means is that there just isn't the same momentum going into the last two highs as there was a few years ago. Breaking above 70 and then rejecting the 70 level is about as bearish as it gets. Taking a look at the Stochastic, the divergence is not as notable there as in RSI, so maybe that's somewhat of a silver lining. But, it does appear a bearish crossover will occur in the next week or two. I use the stochastic to confirm RSI, not the other way around as it tends to lag significantly, especially on longer time frames like weekly charts. Kinda looks like one of those setups where a few weeks later I think to myself "I should've taken the warning signs more seriously". If you take a look at the 4 hour chart, you'll notice a pretty sketchy hear & shoulders top with today's close right on the neckline. Joy . Things could start getting sketchy as soon as next week. So, if this is correct, and we're trending lower now, how low will we go? My guess is somewhere between S2 or S3 by the end of the year. That 1900 area is certainly strong support and should almost definitely be defended. After that, who knows? With everything as batshit crazy as it has been this year, there's no telling what next year will look like. My advice? Pack it in for the year or at least until the political cycle is behind us here in the US. Good luck everybody.
SP:SPXShort
by imdp
3
Market Firesale! - Buy the dip?The broad indices (S&P 500, Dow Jones Industrial Average, and the Nasdaq) sold off today led be profit taking in the tech sector... at least that's the story. However, regardless of the reason, the facts remain that prices are considerably lower than where they were yesterday! You can take a look at the individual stocks that comprise any one of these indices and find that the majority of them are down. The only question that remains is will there be a continued selloff carrying into tomorrow? or is this our long awaited correction? If this is our correction, do we buy the dip? If anyone attempts to answer this question telling you that they know what will happen tomorrow, they're lying. All of my indicators could by flashing BUY BUY BUY and tomorrow could still up being another down day. That said, take a look at the chart of SPY above. It has been a while since we have neared the 21 day EMA. It has yet to reach it but it came very close today. These EMAs are not self fulfilling by themselves... only if enough people take action on them. So more than likely we could see a continued sell off to the 21 EMA tomorrow. I think the 21 EMA is where the SPY is heading. We have had 5 months straight months of gains... Options at this point are overpriced since the VIX is spiking as a result of the selloff. So bulls should think about selling put credit spreads rather than buying calls out right. If we pull back to the 21 day EMA... I think the markets will take their sweet time moving back up. Common option strategies for sideways moving markets include selling iron condors, iron butterflies, and straddles... These strategies might not be a bad idea since Theta decay is on your side. If volatility is more your thing, then consider buying straddles, strangles, or long iron condors... but be prepared to pay a hefty price! Rather than trading options, I think buying the dip could be considered for long term stock trading plans...mainly because stocks don't have an expiration date like options do. Take advantage of this temporary dip and take a look at your favorite stocks. Ask yourself if you are happy with the current prices. Imagine you buy the stock today and then tomorrow or even in the next few weeks, the stock drops more. Can you handle seeing that? If you are not sure what you should do, try reaching out to a trade coach for some assistance. Trading involves risks... so should you buy the dip? Only you can answer that question.
AMEX:SPY
by UnknownUnicorn6775423
VIX: UVXY: Higher Volatility in SeptemberVIX and UVXY have shown higher activity in September. Although, historically, we are still at very low levels of volatility, that may change approaching the election. VIX and UVXY are derivative measures of volatility that are moving, in general, in opposite direction to SPX500. However, during times of uncertainty, like upcoming election, VIX and UVXY may remain elevated while the markets are still moving higher. Choppy action in the market price movement is anticipated. Technical levels: Based on Fibonacci extensions of the most recent move down, from $33.50 to $18.50, next potential upside targets for UVXY are $24.69 (38.2%), $26.43 (50%), and $28.17 (61.8%). These levels are largely dependent on the actual price movement of the SPX500 index, and can be used as a guideline only. One hour chart shows that we are approaching 38.2% Fib level with RSI and MACD chart close to near-term overbought readings, with some negative divergence between the price and volume. This pattern may be indicative of a pull back or consolidation in VIX and a higher move up on SPX500 chart. However, a four hour chart presented here, shows RSI and volume levels creeping higher then levels seen in July and August with more room to go toward considerably higher levels observed in June, when UVXY was trading at $45-$50. As it is difficult to place a price target on a derivative index, a trend is up, based on 4 hr MACD and RSI charts.
CBOE:UVXY
by tradexchart
MU: Micron Keeps Moving Up - Possible TargetsMicron chart keeps rallying towards its earnings day on 09/29/2020 (confirmed). Trading at $47.80, the price is close to its second target of $48.13 (50% Fib level). Potential higher targets are at $51.46 (78.6%) and $54 (100%) levels. Scenario analysis: ADP employment numbers to be reported on Sept 3rd may help with further short-term price advancement, if positive. However, September has been a volatile month historically. A broader pull back in major indices is possible between next week and end of this month. If such correction occurs, MU chart may pull back as well, possibly down to $44 level, to resume its rally toward price levels above $50 with general market move higher in October - November time frame. If MU chart makes its way to $51 level before the earnings, that could be a good opportunity to book the profits and reassess possible price movements at that time.
NASDAQ:MU
by tradexchart