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Djia

Beginning of the End, 18th January 2023🖼 Daily Technical Picture 📈 ➤ OK, I'm being over-dramatic with the title of today's note. It actually was a pretty dull day of trading. NASDAQ continues to outperform the Blue Chip indices showing that overall risk-on behaviour is still prevalent. ➤ VIX did bounce higher back into the pink zone. Is this the start of something bearish? It's ambigious. The price action in the S&P500 was not meaningful other than to say there was some profit-taking. With earnings season starting, prices may be jumpy too. ➤ I have closed my long positions and now hold no positions. ➤ Conclusion: Dull action leads to more intense action. Looking forward to it.
AMEX:SPY
by mrstockyetoro
Dow Jones target still on track and new Target to 39,000Old Cup and Handle on Dow Jones is still in play and the target remains at 36,694 A new C&H is almost confirmed with the break to the upside. The new target is 39,000 7>21 and price >200ma Broken out of medium term downtrend Bullish The Dow Jones seems to be following the January effect (with expected upside) Also, with Inflation coming at 6.5% as expected, shows the Great Inflation stage is over for now. This is good for the economy as people will spend more and invest more. Hopefully the rally will continue.
DJ:DJILong
by Timonrosso
It Works Until It Doesn't, 15th January 2023🖼 Daily Technical Picture 📈 ➤ This daily note comes a day early because I probably won't have time tomorrow morning. ➤ The VIX has fallen to it's lowest level for many months. It looks to be heading lower. This was a result of continued optimism in something...I'm not sure what exactly. Nevertheless, I'm not interested in knowing. I'm only interested in making money. ➤ Previously, when the VIX fell to these levels, we saw it reverse higher with equity markets falling. It was going like clockwork. However, markets don't remain static, things works until it doesn't. Many people have found this out with the reversal of the Dollar Trade. ➤ The next level for the VIX to potentially reverse higher is at 16. This was the low set at the ALL TIME HIGH for the S&P500 equity index. If you look back further in time, this level was the lows set on many occasions in 2021. ➤ I remain long with a small position. ➤ Conclusion: FIX your eyes on the VIX.
AMEX:SPYLong
by mrstockyetoro
Collapse,13th January 2023🖼 Daily Technical Picture 📈 ➤ The inflation number was as expected but managed to inflate equity prices higher. The small cap Russell 2000 leading the charge. This is a big change when the blue-chips were leading throughout last year. Tech is making up good ground as well. ➤ VIX collapsed below 20. Sending a strong signal to "fear" no more. Perhaps that is correct. Looking at the S&P500 chart, there is little resistance all the way up to 410. It is currently battling the 200 day moving average. For many investors, a clear break above this MA is a strong Bullish signal. ➤ I remain long with a small position. ➤ Conclusion: Watch the VIX, it is in the pink zone where Bears have instilled fear in recent times.
AMEX:SPYLong
by mrstockyetoro
2% MORE PLEASE,12th January 2023🖼 Daily Technical Picture 📈 ➤ S&P500 accelerated higher with full confidence. Gapping up and finishing at the high of the day. All we need now is another 2% more! ➤ Why 2%? It's simple. For most Investors, that would take their 2023 returns to around 5-10%. The current interest rate is around 4-5% pa. All you need to do is exit equities and stick all the money on deposit at the bank...an easy double digit return for the year. Don't worry about 2022...that's ancient history. ➤ I remain long with a small position. ➤ Conclusion: Yes, I'm just kidding, that's not how investing works...NOT INVESTMENT ADVICE.
AMEX:SPYLong
by mrstockyetoro
Excitement, 11th January 2023🖼 Daily Technical Picture 📈 ➤ S&P500 reversed yesterday's price action. The excitement is building and it's not because of the inflation data. ➤ Wyckoffians will know what I'm talking about. The recent price action post break out of the small consolidation phase over the last couple of weeks is a classic looking Bullish/Accumulation pattern. It's almost textbook perfect. If it all goes to plan, prices are poised to explode higher. ➤ I remain long with a small position. ➤ Conclusion: Becareful of perfection.
AMEX:SPY
by mrstockyetoro
1
DOW JONES: Holding above the 1D MA50.Dow Jones closed Friday clearly above the 1D MA50 (blue), switching its 1D technicals back to neutral/ bullish (RSI = 54.657, MACD = 2.080, ADX = 14.593). Following the Golden Cross on December 14h, the index is well supporting both on the former Lower Highs Resistance of the Bear Market as well as a Higher Lows line that started on the June 17th Low. The latter fits the support of a potential Inverted Head and Shoulders pattern that Dow may be trading in. As long as the 1D MA200 (orange) holds, the index targets the 35,400 - 35,800 Resistance Zone. If the 1D MA200 breaks, it targets the 30,200 - 29,700 Support Zone. It is important to mention that the 1D MACD is on a Bullish Cross, historically a bullish medium-term signal. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
TVC:DJI
by InvestingScope
4
DOW JONES On familiar 1W MA50 Support, ready for a +50% rally.The Dow Jones Industrial Average (DJI) has been holding the 1W MA50 (blue trend-line) as Support, closing all weekly candles above it since November 07 2022. This on its own is a major bullish pattern, but if we look on a much long-term, decade long perspective, we can see an even higher significance it historically has on the price action. As you see on this 1W time-frame, ever since Dow's recovery from the 2008/09 Housing Crisis and the first touch of the 1W MA200 (orange trend-line) on August 2011, every time it bounces and recovers the 1W MA50, holding it as Support (blue circles), the index has grown from that bottom to the next top a minimum of +50% (with 55% of January 2018 being the maximum). At the same time, the 1W RSI breaks above a Lower Highs trend-line. This time the RSI broke and even held and bounced off that Lower Highs trend-line (green arrow). This chart shows that Dow Jones is no stranger to this pattern and technically, as long as the 1W MA50 holds, we should be treating it as a major bullish signal. A potential new +50% 2-3 year rally puts the target at 49000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
7
What have we here? 10th January 2023🖼 Daily Technical Picture 📈 ➤ S&P500 tried and failed to break the 390 level. It was a thing of beauty if you were a neutral or positioned short. If you were long...🤬🤯🤦‍♀️ ➤ All is not lost. The price did not break back into the consolidation (blue rectangle). The Bulls should still be favoured. It is usual for the price to retrace the break out to test that the break is true. You can refer to yesterday's note about a false break. ➤ I reduced my long position. ➤ Conclusion: The market is anxious. It wants to go up but it's unsure if it should.
AMEX:SPYLong
by mrstockyetoro
1
$DJI leading the pack & Bear close to be done🚨🚨🚨🚨🚨🚨🚨 Not sure how this was missed!😱 $DJI looks VERY VERY VERY good Went FULL BULL late Sept/early Oct Mid Nov went neutral to short term bear Mid December turned cautious bull NOW GOOD signs that September was BOTTOM! - This is daily & weekly Inverse head & shoulder pattern = 1 of the best bottom forming patterns IF right shoulder forms here = HUGE We've spoken on light blue box area many times Weekly $DJIA still looks GREAT - BONUS $DJI monthly almost gave up BUT HELD Did trade below the avg's but fought back NO Bearish moving avg crossover $DJIA movement can buy more time Maybe year or 2 RSI looks ok $DIA $UDOW $SDOW #stocks
DJ:DJI
by ROYAL_OAK_INC
The Real Test...9th January 2023🖼 Daily Technical Picture 📈 ➤ S&P500 marched higher to finish above the consolidation phase that I have mentioned in previous posts. The real test is if the price can hold above the breakout. ➤ In order to do so, the Bulls will need to overcome the first hurdle at the 390 level on the SPY. This is not the strongest of hurdles. Price has sliced through this level (up and down) on numerous occasions. It is therefore not the most reliable. ➤ A failure to hold would see prices reverse back into the consolidation. This would not be a good sign and I think the Bears would be encouraged to take advantage to push prices down to 371 at the minimum. ➤ I currently hold a moderately sized long position. ➤ Conclusion: The bulk of the action may centre around the US inflation data on Jan 12th along with the start of earnings season.
AMEX:SPYLong
by mrstockyetoro
1
DJI Open Long (eng) Hello Friends. Unfortunately, the final way down did not wait A big player closed his short position and got a new one in the range of 32800-33200. Yesterday before the close of trading fixed the volume impulse in the market, which finally signaled a trend reversal Forced to close the Short position at -2.57% from 32840. Opened Long from 33680 From 06.01.2023 20:12 (GMT) The arrow shows only the direction of the open trade - without the final target I'm a bit upset that the deal spoiled the statistics of my analysis method But this case only confirms the correctness of my approach Now the statistics is represented by 9 positive trades and 1 negative or 64.88% profit for the period from 08.07.2021 Thank you all for attention and have a nice trade in the New Year!
TVC:DJILong
by mr_Plusoviu
US30 Liquidity on bot sides of range. When will it dissolve?The tight range serves for alot of stop losses above and under both these key levels. One side will get taken first, and probably serve as a trap, after which we see a reversal to the actual direction. (my bias is currently to the downside as the final direction due to fundamentals and broader trend(s)) Although I by no means recommend trading off my bias or trading off this idea at all, especially if you're unfamiliar with the ideas put forth. The red line should also not be seen as a prediction, merely as a drawing to indicate what I mean by reversal to actual direction with my bias. It could just aswell take bottom-side liquidity first and then run to the upside. Don't predict, react.
U
by yoaquimboom
1
Boxed In...6th January 2023🖼 Daily Technical Picture 📈 ➤ S&P500 gapped lower and did not recover. It finished the day sitting on the support level. Price is clearly boxed in a consolidation phase as illustrated. ➤ Exponents of Elliott Wave Theory could interpret the current price action in two ways. In the Bullish case, price is developing an ABC corrective pattern after the 5 wave impulsive move off the October 2022 bottom. The Bearish interpretation is that price is in a wave 2 retracement as part of a 5 wave impulsive move lower from the December high. In either case, it points to a choppy period with a resolution soon. ➤ I currently hold a moderately sized long position. ➤ Conclusion: Who's right and who's wrong?
AMEX:SPYLong
by mrstockyetoro
1
First Opportunity...5th January 2023🖼 Daily Technical Picture 📈 ➤ Once more optimism helped equities start higher in morning trade. Not surprisingly, that enthusiasm waned again as price filled the opening gap by falling back to the support level. The difference today was that the price recovered to close the day above the opening. ➤ Given the strength, I have taken this opportunity to open my first trades of the year. I'm looking for continued strength. The first hurdle is to break above the consolidation high at 387.3 on the $SPY, 390 is then the second hurdle. I don't expect to hold this buy position for long especially if price stays within the consolidation or fails to the downside. ➤ I currently hold a moderately sized long position. ➤ Conclusion: We're off to the races.
AMEX:SPYLong
by mrstockyetoro
DOW JONES Critical session tomorrowThe Dow Jones Industrial Average (DJI) remains within the medium-term Triangle pattern that is trading since December 16 and broke today above both the 1D MA50 (blue trend-line) and 4H MA100 (green trend-line). The two have formed a Bearish Cross and the last two times this pattern emerged was on September 12 and May 04, both Lower High rejections that led to new market Lows. The 1D RSI pattern however shows that we may already be on a market Low and if we close a 2nd straight green 1D candle (tomorrow), it invalidates all prior bearish bias. In that case, we will target again the 34300 Resistance (August 16 High) and the 34910 Resistance (December 13 High). The index turns bearish if it breaks below the 1D MA200 (orange trend-line), which made a perfect bounce on December 20. In that case we will target 31725 (Support 1) on the short and 30100 (Support 2) on the long-term. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
New Year, Same Same...4th January 2023🖼 Daily Technical Picture 📈 ➤ First day of US trading in the New Year displayed the same volatility as we have come to enjoy/get used to. A firm positive start filled with promise faltered to finish in the red. I hate to repeat it, but once again the support level held. ➤ A break up or down from this small consolidation/sideways market since mid-December should have some legs. The Bearish scenario should be favoured given the lack of bounce to the upside after the recent sell-off in recent weeks. ➤ Value/Mega-cap stocks like the DJIA index hover above the 200-day moving average. Still displaying strength relative to growth/smaller-cap stocks. ➤ I currently hold no positions. ➤ Conclusion: No let up on volatility. Opportunities are coming.
AMEX:SPY
by mrstockyetoro
1
New Year, New Start...3rd January 2023🖼 Daily Technical Picture 📈 ➤ S&P500 is still holding the support level. The longer this goes on, the more favourable it is for the Bears. Without a notable bounce after the steep sell-off since the December high, this shows that Bulls have little conviction to push prices higher. ➤ Still, it is a new year and historically January is a positive month due to the "January Effect". Of course, this didn't work out last January. ➤ The broader picture also shows a holding pattern. The S&P500 has made little headway up or down since May of 2022. It has spent much of that time gyrating +/-10% from current levels. The longer this pattern lasts, the larger the resulting directional move. We have no influence on that direction nor the timing. ➤ I currently hold no positions. ➤ Conclusion: It's going to be another great trading year (hopefully).
AMEX:SPY
by mrstockyetoro
1
DOW JONES Will it invalidate the 2022 bearish fractal?The Dow Jones Industrial Average (DJI) has been stuck within a Triangle pattern (dashed lines) since it hit and bounced on the 1D MA200 (orange trend-line) on December 20 but has a clear rejection on the 4H MA100 (green trend-line), which is the short-term Resistance. At the same time we can also see that the 1D MA300 (yellow trend-line) has also resumed its old role as a Resistance, having kept the index below it form April 22 to November 10 earlier this year. The 1D MA50 (blue trend-line) is now the pivot but technically in 2022 when it broke as Support, Dow kickstarted major sell-offs. Both on April 22 and August 28, the major sell-off were confirmed and Dow extended the selling to a new market (Lower) Low. This is however the first time since December 20 2021, so basically a whole year, that the 1D MA200 is acting as a Support. At the same time, the RSI on the 1D time-frame is more similar to the May 20 and September 27 lows. As a result we have technical proof to believe that as long as the 1D MA200 holds, Dow Jones has more probabilities to attempt a test on the 34300 former Resistance (August 16 High) and then move for the 34910 December 13 High. Closing above the 4H MA100 will confirm this move. A closing below the 1D MA200 however has more chanced of testing the 31725 (Support 1) and 30100 (Support 2) levels successively. Notice how proportional the Bottom-to-Top and Top-to-Bottom sequences have been since the February 24 Low. If the symmetry continues to hold and of course assuming Dow breaks below the 1D MA200, the next low should be around early February 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
4
⇄ Sideways...30th December 2022🖼 Daily Technical Picture 📈 ➤ Equities bounced nicely. S&P500 recovered above the support level. European indices bounced off the 50-day moving average. ➤ Sideways would be the appropriate term to sum up the price action for 2/3 of the year. If we look backwards to May, the S&P500 has not made any progress up or down. Price has oscillated around current levels by +/- 10%. ➤ It feels like we are in a holding pattern. The longer this pattern lasts, the larger the resulting directional move. We have no influence on that direction nor the timing. Only the Market can decide on the when and where. ➤ The Bulls could argue that despite all the negativity, the equity price has held up well. The Bears would argue that only one shoe has dropped, the other shoe is about to. Either way, next year will be intriguing. ➤ I currently hold a +68% long exposure. The maximum portfolio exposure is +/- 200% on capital, the level of highest conviction. ➤ Conclusion: Intrigue is good, but making money is better. Let's do it together next year!
AMEX:SPYLong
by mrstockyetoro