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DIA

Dow Jones - Not a coincidence - Bearish signsThis is not financial advice. These are my personal views. Nothing in this should be taken as advice. Looking at the log scale going back to the great depression, there are several things that we can see. We've been in this channel for almost a century. Ebbs and flows and signs that we are running out of steam. I heard people joke around a few months ago that the stock market just "keeps going up" but if we're being honest with each other, we're running out of runway and there's a cliff in front of us. If we can't get off the ground, we're going to fall into the ocean. Alright. Bad analogies aside, we're seeing bearish divergence on the 6 month scale going back to 1999 and the recent fall in 2017. We're at the top of this channel as its drawn and while there's nothing to really say we're going to fall tomorrow, there are certainly signs that we're in a euphoria stage in the stock market. 1. Trade wars. Need I say more? 2. Inflation. USA is printing money like it's going out of style 3. Interest rates cut. The economy is so good, yet we're cutting rates. What? 4. Trump. Like him or hate him, there's definitely euphoria around the stock market around election time and right after his election. 5. Yield curve. I could go on but these are the important pieces of information I am holding near and dear to my heart. I don't consider this a dire warning as the market can continue going up but we are quickly reaching the point where if (or when?) we collapse, it could wipe trillions out of the stock market. Please be careful. Watch for big companies to fall first. Watch Amazon, Apple, Netflix. If people are bragging they have $500Bn in a stock, they're probably looking to sell it to you. You don't generally brag about big positions unless you're looking to sell. No targets. No timeline. This chart creates one candle every 6 months. This is a slow moving dragon. Trade carefully friends. <3 -CE-
DJ:DJIShort
by bitdoctor
Historical Analysis of the DIAHistorical Analysis and Monthly Chart : The DIA showing Strong Major Bull Trednd with serveral interaction with the Return Line (RL). Note the Pick in Momentum since February 2016 (or B3), the next Major bottom made above the Major Trend Line (MUT), and therfore showing the failure of the Bears to take the price downward. But, we dont see strong sign of buyers either. The DIA is inside big Consolidation that lasted for almost 2 years (since Oct 17). Weekly Chart : The Resistance Area between 265.88 - 267.53 Established in Jan 2018, the second attempt to go above that level accured 1 year ago (Sep 2018) and the reaction was very violent and took the price to far down levels. Since then the price hit the Resistance Area 3 Times : 1) April 2019 - the price got into resistance reaction and made New High Bottom. 2) June 2019 - the price go through the Resistance Area, Failed to continue, and made new higher bottom bellow that level. 3) September 2019 (these days) - the price close above the area last week, but with relatively low volume. We need to keep an eye on the price this week and look for the power of the buyers, how far they can take the price up (if any). Notice also the Volume Activity in the Consolidation Area - Pickup on down moves, and diminsh on the Rallies - weakness . Daily Chart : The Daily chart does not give us alot of new information. But we can see the Trading Zone (sort of Rectangle), and the price movement above it. The Minor picture is Bullish. Conclusion : Since B4, the overall picture looks positive. But the Key for understanding the coming moves relly on the reaction to the Resistance Area, and the examination of the Bulls Power. Any High Volume Bullish Activity above the Resistance Area, can take us again to the Return Line (RL). If we will see Second Failure on the Resistance Zone,we need to examine the power of the Beats, and the next areas to look for are the bottom of the trading zone, and B4.1. If the Bears will act Aggresivley and take the price bellow B4.1, the picture is very negative and the next level is the MUT.
AMEX:DIA
by Ido_Havazelet
$DIA $DJI $DJIA $DJ_F - Dow Testing Key Monthly ResistanceAs market volatility has died down in recent sessions, off the back of calming geopolitical tensions in Hong Kong, as well as between US-China, it appears that the $DJI has broken out of its "Channel" formation and is moving higher. Given this move, the $DJI is trying to make a run for 26,876 - a Key Monthly Resistance Level (Blue) for the index. One thing to lend support to the $DJI move higher has been the fact that its RSI is showing positive divergence with current price action. If the $DJI can successfully "Breach and Close" above 26,876, it would be a good sign for the market. Investors should watch this space.
CBOT_MINI:YM1!Long
by EconomicsGlobal
DJI Update 14 August 2019Daily Data for Wednesday 14 August 2019 In Bear Territory Price Projection: 25119 (break out) 24076 (if negative strength prevails) HMA: Very Strong Bear BSI: Bearish Bull RSI: Bear Bear RSI: Bear 5 RSI: Negative Consolidation:Broken to the low side Price- Trend: 2.93x ATR Prices are now 2.93x ATR away from the mean. Expect some mean reversion (return toward the MAs) before any further movement. Attached yahoo finance article regarding the futures position for the 15 August 2019. This is an example of set-up for a reversion to the mean. We may start there and fall or we may start low and move high. What ever the case may be. Prices don't like being 3x or more away from the mean.
DJ:DJIShort
by priceprophet