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US30/DOW bullish outlook TP 26 000(NEW)before we kick start the update. your upvotes/subs are appreciated. Why get subbed to to me on Tradingview? -TOP author on TradingView -professional chart break downs -key levels -no junk on my charts -frequent updates -covering FX/crypto/US stocks -24/7 uptime so constant updates So without further due. Keep it short/simple and to the point. US30/DOW bullish outlook TP 26 000(NEW) IMPORTANT: this is a speculative setup, performance is not guaranteed, so please use a tight stop loss. and always do your own due dill. thank you. US30/DOW(WTI) 4hour chart review. We got a speculative 5 wave sequence setup on 4hour chart US30, gap fill near 26000 is required to complete wave3, later on I expect a pullback and another bull run final TP bulls is 27500 end of April 2020. Recommended strategy: buy dips, exit near 26000. Gap fill is the target for bulls. Look to buy low near range lows, use a tight stop loss. get subbed to stay tuned for all the latest updates. also add likes to support my efforts, thank you. good luck traders.
ULong
by ProjectSyndicate
5
$DIA Bears VS BULL Final Round (Bears are against the ropes)Possible start of a bull market or just a reprieve for the bulls? Will the Bears strike a knockout punch? Or do the Bulls have Aaron Rodgers for the hail Mary? The war is nail biting and only the victors write history. Technical Analysis: I think the market is in a very important place facing 3 major resistance after its latest run up. From a technical perspective the run up in equities is still well within what is expected for a re-tracement and what I believe to be the B wave in an ABC correction. I have noted the major resistances I feel we need to hurdle past before we can call this a new Bull market. Next week will be telling and I would not go into next week short or long any positions (unless they are long term trades). A lot can happen over the long weekend but I fail to see how things can be assumed as okay in the financial world even after (and hopefully soon) we get past covid and people get back to work. A lot of damage has been done to the world and we could be headed to a global recession. For the bulls, if we do break above R3 then we can expect shorter bull market before the bears regroup to fight another war. Please do your DD
AMEX:DIAShort
by UnknownUnicorn3272672
12
Dow Jones Entries and ExitsLooking at the Dow Jones by charting Dow Jones Mini Futures (YM1!) to find exits and entries in the current uptrend on the 1 hour. We got a long signal from our Fractal Trend indicator (background color) plus our Breakaway Scalper (bar color) on April 5th. Since that trade is already well underway, and since the previous bearish order blocks were already used as potential take profit levels, the next move is to look for a long entry or re-entry. Currently eyeing the support at the bullish order block created at S1 illustrated by our Alpha Mapping indicator to enter or re-enter a long position. Assuming that entry, targets would be the resistance levels at R1, R2, and R3 created by previous ranges. If S1 doesn’t hold, will be looking at S2 for support. However, a retest of S2 means a break in the momentum of the current uptrend which isn't ideal with a setup focused on trading with momentum and the trend. With that noted, beyond looking for long setups, we will be keeping an eye on R1, R2, and R3 for a reversal of the trend and for short setups. Will be looking for confirmation from Fractal Trend and Breakaway Scalper for that.
CBOT_MINI:YM1!
by AlphaBotSystem
Stock Market Analysis - 4/1/2020Markets have shown us what direction it wants to go and the direction is down. Since the last analysis, markets were continuing an impressive but overextended bounce. The markets continued this action on Monday and through mid Tuesday. By late Tuesday, there were some big red flags that markets were cracking and this recent bounce may be over. On the SPY I have been calling out the 260 area as a key level of resistance to watch. On Monday I had expected SPY to pullback to the 5DMA however what we got instead was a continuation move right below 260. Tuesday was a continuation of Monday's move, however SPY cracked when price fell below 260, retested it, and then closed LOD. Notice where we rejected; price rejected off a declining 20DMA, a clear signal that the longer term bear trend is still valid. This was actually an excellent area to get short after the 20DMA reject on Tuesday. For tomorrow, I expect SPY to continue this short term downtrend, however I will be watching the 237 level closely for support. The action on QQQ is a reflection of SPY however QQQ suffered a little less pain in terms of downside. I'll be watching the 178 area as a level of support. Again, I won't go over IWM and DIA since the price action is pretty much the same as SPY. IWM did suffer the worst pain with a -6.81% drawdown. VIX is probably the most interesting case study for today. Despite the impressive downside we experienced today, VIX did not react as severely as it did in the past. It seems as though volatility has already reached a peak - a good bullish sign. However, VIX is currently consolidating and could just be building up energy for a more powerful move in the near future. Tread carefully. Overall, the short term trend is currently bearish. If you are bullish, I would not try to fight this trend till we see clear signs of bottoming. We are not guaranteed to see a retest of the lows however I would definitely not want to be long right now. Short trades can be taken however with tight stops and quick profit taking. Yesterday and today were perfect days to initiate a short trade (See my AMD short on 3/31/2020).
AMEX:SPY
by Trader_Kaji
A NEW IDEA ON LEVERAGED INVERSE ETF SQQQSQQQ goes up when the market goes down . Since this is a leveraged ETF, the position size is one-third of your normal position. The recommended position size is up to 7% of full core position size, but reduce it based on your own risk preference. This is suitable only for super aggressive experienced investors because the risk of loss is high but rewards are also high. This is a short term trade. The buy zone is $19 to $20.27. it is trading at $20.27 as of this writing. Stop zone is $17.11 to $18.23. The first target zone is $24 to $25.68. The second target zone is $27 to $32. ------------------------------------------------------------------------------------------ 200,000 Deaths Dr. Fauci says there may be 100,000 to 200,000 American deaths due to coronavirus. The stock market is discounting (assuming) less than 25,000 deaths. The 80% probability of the 'mother of support' zones holding that we have been sharing with you is based on the model at The Arora Report that is assuming 100,000 - 150,000 deaths. Trump Relents Trump has relented on opening the country by Easter. He has extended social distancing to April 30. Science May Triumph At one time futures were down 4%. A lot of buying is coming in on potential good news on the science front. We all want coronavirus to end. It is the government’s job to spin the reality to keep the morale of the country up. It is the prudent investor’s job to discern the truth. Science may triumph and cause the stock market to bottom. Where Is The Bottom? The mother of support zones has 80% probability of holding – this along with RSI should be the main reference points to look for a bottom. There is simply too much optimism in the stock market and in many cases investors are buying without doing research. Here are a few examples: - Abbott Laboratories (ABT) has come up with a coronavirus test that takes five minutes. The revenues from coronavirus test will dwarf against the revenues Abbott is likely to lose due to issues related to coronavirus. Investors are running up the stock. - Johnson & Johnson (JNJ) is making great progress on a coronavirus vaccine. Johnson & Johnson is likely to sell the vaccine at cost. This will have no material increase in earnings yet investors are running up the stock. - General Motors (GM) will make ventilators. General Motors is selling them at cost. Again this will have no impact on earnings yet investors have run up the stock on the news. - Medtronic (MDT) makes ventilators but ventilators are a very small portion of its business. At the same time, Medtronic is suffering because its sales are likely to drop due to postponement of none essential surgeries. Without understanding the whole picture investors have run up the stock. The foregoing shows that there is simply too much optimism and investors are buying without doing research. In my over 30 years, I have never seen a bottom when investors behave this way.
NASDAQ:SQQQLong
by sickgains
4
DIA Monthly Chart is indicating bottom level @ 160 !I applied Elliot Wave, Fibonacci and Trend Analysis on the Monthly chart of DIA. RSI of DIA was creating a negative divergence from 2018 and signaling for a huge correction ! So Market was searching a correction point and Corona Virus helped the market for that. Now question is how much correction will happen ! Here there are two reasons for correction- 1. Natural correction needs, 2. Corona Virus impact and Economic loss of the whole world. So obviously we will not get rid of the bear market very easily ! According to my analysis there is another 25% of correction needed to get the potential bottom which is around 160 level. 160 Level is very much strong for some reasons- 1. Monthly Fibonacci 161% ratio support, 2. Previous strong Support, 3. Trending line Support. I believe DIA will recover from 160 level strongly and start rally again ! Thanks.
AMEX:DIAShort
by TanzirHasan
1
Stock Market Analysis - 3/25/2020 - $SPY $DIA $QQQ $VIXIt seems like the overall market outlook has changed and for the better. With a looming $2 trillion stimulus on the horizon, markets have broke the intermediate trend and looks to be in a stage of recovery. Since my last analysis, I expected markets to start to consolidate at this level and this looks to be the case. Although the downtrend has terminated, this does not mean a uptrend has started. The intermediate trend is now neutral and we need to start looking for clues (higher lows and higher highs) that could initiate a new uptrend. Fundamentally, we still do not know what toll this virus will put on the economy. This will become more clear as unemployment, consumer sentiment, and industrial numbers for the quarter are released in the near future. First, lets look at the SPY. Yesterday, SPY gapped up and broke above the downsloping trendline and closed at HOD - a good sign for a followthrough day. Today we got a somewhat flaky followthrough day as we closed at the middle on the range following a large selloff at the end of the day. The intermediate term trend is currently neutral. For a bullish case, I would like to see SPY test the 235-238 area where the 5DMA and Anchored VWAP from the lows align. Otherwise we could easily a retest of lows. I won't go too in depth with QQQ and DIA today as they all look very similar to the action on SPY; however it is important to note today's changes in each index. QQQ closed red at -0.74%, DIA closed green at +2.54%. Notice the relative strength in DIA and relative weakness in QQQ. During Bear markets, it is common to see rotation out of previous leading sectors such as Technology (QQQ) and into utilities and industrials (DIA). A quick google search about Sector Rotation can better explain this phenomena. This type of price action are clear indicators we are in a bear market and until we see rotation back into leading sectors such as technology, this bear market will continue to persist. The price action on VIX is quite telling for what the future could hold. Although we had a nice reaction bounce yesterday and today, VIX recovered it's initial gap down and closed green today. VIX looks like it is consolidating and could breakout tomorrow. I expect VIX to retest highs. Overall, the intermediate trend and the short term trend are both neutral and volatility is still high. These are not favorable conditions for the swing trader. Until we see trending conditions, now is not the time to put on new trades. Instead, as a swing trader you should use this time to start looking for new long or short ideas. When markets start to trend, you will be ready to take advantage of the new leg up or down.
AMEX:SPY
by Trader_Kaji
2