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Djia

DJIA Technical Analysis - both the long and the short sideThese are the scenarios (if price doesn't stuck in a range) for both the short and the long side. Short has a higher chance (imho) now, but markets do what they want, so won't be surprised if it goes up. I'd wait with going long until the last LH is broken, but then go long after a retest. If green zone (LH) doesn't fall, I'd keep going short after every broken countertrend. Until the target zones, that are in light magenta or pink for both directions.
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by TradAIR
4
Why efforts does not equal success in Trading ? (Important)You see, you can be putting in the hours, days and nights into plotting charts, doing endless hours of research on companies, industry news ,etc and yet for some reasons, you are not seeing the success you want in your trading (and investment). Your actions are determined by the way of your thinking. And there is 2 parts to your mind - the conscious part (creative) and the subconscious (servant or follower)part. So, someone can watch plenty of videos on how to trade, experiment with different indicators, have the latest software, read self-improvement books, etc and YET, sadly , their results speak otherwise. This can be really frustrating and doing more of the same thing and expecting a different result is INSANITY. Then how , you asked ? What has to change ? Not the external side of things that you can get hold of. By that, I mean the materials, the notes, videos and even the courses those gurus promised to help you rake in 5000 to 10000 profits ! "All that you behold, though it appears without it is within, of which this world of mortality is but a shadow." William Blake Digest this quote and compare it with what the Bible says here Here, the 2 of you does not refer to 2 persons like you and your siblings, spouse or friend. But rather, it is referring to your conscious and subconscious mind. Often, we have one thought , example to be rich or successful in trading but our habitual mind (subconscious mind) opposed to the idea. Test it upon yourself. See if you have to force yourself to wake up early or stay up late to check the market. On weekends, when others are out relaxing and having a good time, are you reluctantly cooping up in the Library or home to plot the charts? After weeks and months even years of trading, are you getting the results you want ? If not, do you know the cause of it ? Those who want to make your money would have you believe them it is your system, your lack of trading signals, your lack of mentor/coach, your lack of this or that. And if you believe them just like many did, then you would part your money to them. Thanks to you and many like you , they become more successful and richer. And you? Maybe in the short term, you succeeded but it goes back to square one shortly. After suffering months of depression and frustration, you go in search for solution, always focusing on the external (coach, system, signals, books, etc) "Nature is an endless combination and repetition of a very few laws. She hums the old well-known air through innumerable variations". Ralph Waldo Emerson The repetitive acts that you do, the efforts that you put in (conscious part) have to be mixed with an important ingredient - beliefs. As you study the charts, attend the courses, read a book , watch a video, whatever, you got to link it to a bigger picture of it making you richer, successful. "Anything that you may hold firmly in your imagination can be yours" William James As you are working hard on the external, do not neglect the internal aspect as well. Imagine how your life would be different when you achieved a certain outcome. For example, turning your monthly income into weekly and then eventually into daily. Increase the amount slowly, as you see the real profits grow, your level of confidence grew along with it. And your conviction deepens. Over time, it becomes a habit through your repetitive acts daily that you knew what to do when you wake up. You could tell from the chart in a short amount of time whether to buy or sell. You begin to realise what the authors that you follow are not much different from you. You too can be your own author of life. The car does not move from point A to B on its own. It depends on the engine that is invisible. It is the same as the subconscious mind. This part of the mind must be changed so that it is aligned with the conscious mind. Then, you can see the words of God in Matthew 18.19 comes to live in your life. That is when words become flesh and dwells within us. John 1.14. I hope you would take time to read this passage slowly, digest it over and connect with your heart, mind and soul. Are you depending too much on the external help and neglect that you already possess the supreme power to change your own fate? You want to be rich, successful if used as a positive affirmation is useful ONLY if you believe in it. You will believe in it if you think you deserved to be rich. Your past like your parents, teachers, friends may say otherwise that shapes your beliefs about yourself. Who are you to be successful ? For years, the ones that you loved dearly had made the cardinal sins of destroying your self esteem by repeating the words to you when you were born. Read this true life story of Kelvin and how his past (childhood, teacher, mentor) shape his life Remember, we are good for something as God created each and everyone of us in his image. Some of us took a while longer to find ourselves, some are still in the journey and others are still searching.......... If you are serious about trading (investment) to make good money (be it for income, retirement, etc), then tune up your internal power, the latent power that when unleashed will transform you to a new level.
TVC:DJILong
by dchua1969
2
DOW JONES MAJOR MARKET TREND REVERSAL! I decided to publish this analysis of the Dow Jones since I found it to be very significant. The chart suggests that we have reached an end of a long bull market run that lasted around 10 years. It appears that we now are transitioning into bear market! Oh well, the bears need some time in the spotlight too! As you can see, we reached higher and higher highs as well as higher and higher bottoms in the market until we reached the all-time high of over 29,000 back in February. Since then we have experienced a few rallies but peaked at 27,250 earlier this month. Looking at the bottoms, we can see, and recall, almost too well how we hit 19,000 back in March. Remember, the little crash back in December, 2018? We found support at around 22,300. So, we now have identified a lower low and a lower high. This creates our new bearish trend. As you can see, I have connected the dots on the chart, and you can see how the bull trend has been broken and the beginning of a bearish trending channel (red dotted lines) has formed. I expect the market to move within this bearish channel for quite some time. As you can see, we will not hit any new market highs this year considering that the resistance currently is positioned around 27,000 and will trend lower from here. The bottom of the bearish channel intersects with a green support line around 16,700 in April, 2021. If the channel holds, 16,700 represents the worst case scenario in terms of a low on this time frame. This green support line represents strong support as it has acted as such since 1982. Thank you for entertaining my idea. See you somewhere inside that bearish red dotted channel!
TVC:DJIShort
by Larssonator
SOME CLUES ON THE S&P 500? Gold vs S&P 500 This chart shows the spread between gold and the S&P 500. I think the probability of retracing down to the 618 level and moving higher toward target is reasonably high. This implies the following: 1. Gold and the S&P 500 trade higher together, with gold taking a significant lead 2. Gold trades higher while the S&P 500 tanks 3. Gold trades lower but the S&P 500 tanks more than gold Gold has been moving in tandem with the S&P 500 recently, so it's important not to immediately assume the S&P 500 will tank and gold will rise. I think right now it's important to be very open minded of what's possible (always important to be open minded about market outcomes). Here is where things get more interesting... Copper looks very similar to the S&P 500/Gold Spread: I'd love to hear some thoughts on this.
COMEX:GC1!
by Lanmar
2
ridethepig | Equities Breaking Down!📌 Flows to illustrate end-game cycle chains -> Here we are tracking a very advanced flow, the struggle for Long Bonds to complete the final ⚠️ breakdown and trigger capitulation in debt . This would be more natural to develop ahead of US elections as it would imply maximum pain giving enough energy to help form a base on 'surprise' Trump victory. To keep the pressure on we will see the usual talking heads; Fauci, Gates and the rest push for further lockdowns, but the correct flow was indeed called earlier in the month to switch from the 3,200 SPX which is when we went underweight US Equities. In the Dow, 26,500 is now acting strong resistance and will be difficult for buyers to crack that ahead of Elections; remember we also have no-deal Brexit and Covid all still to play for... The unaware will continue to buy blindly, unpacking the scrabble box and load thinking its a one-quarter wonder recession - retail participation is shooting through the roof. It was a necessary ✅ to clear before we can see the Sovereign Debt Crisis. Smart hands are tracking the claims number and understand that recoveries DO NOT look like this: Fortunately we were ahead of the weakness in Global Equities and Vol, but the rally has been difficult to defend: This next leg lower can now be played. Seller's positioning after Witching with this little loosening move created the room to attack. In the immediate time; look to target a sweep of the lows before adding any US exposure for the next business cycle. Notice how we still did not get into the 15,500 zone called earlier at the lows: The courage to intentionally let retail hang oneself for weeks; just on account on a remote possibility of a second wave; is now sadly going to be rewarded. Look at defaults coming to our theatres very soon, sellers smell blood and have suddenly awakened to fresh activity! We also have the VIX Panic Cycle entering into play right on time as forecast, it has been game, set and match for all of those trading VIX flows live: Thanks as usual for keeping the support coming with likes, comments, charts and etc!
UShort
by ridethepig
16
ridethepig | Consumer Staples (Chapter 2)The following diagram illustrates the breakup of a globalisation advance: Since the retrace in VIX has found a hard floor into the 25 lows, we may characterise the advance as an endgame for our economic cycle purposes. Now the erroneous nature of Volatility advancing can be seen. The effect of demobilising the consumer will weigh heavy on Equities, not to mention how companies position capital more defensively going forward. Consumers are uncomfortable (at least from Q3/Q4 onwards) right on time for the stimulus to fade. The following swing, which will also be quoted in the previous leg in DAX is another example. I will go over the flows briefly at this point: Equities have now lost all sense of reality, the concussion in addition to Fed conceding far too much mobility; so this may rightfully be classified as the end of an economic cycle, or at least until capitalism returns from its sabbatical.
AMEX:XLPShort
by ridethepig
4
$DJI Market Breakdown - (June 16)DJI Market Breakdown - June 16th Futures Gapped up to our $26616 level to a T overnight Expecting a pullback to the bottom of this red zone at $25800 for proper entry Could even close the previous futures gap from 2 weeks ago. Looking like heavy sell orders going right now on this candle, its doji'ing. The hype behind today's move was the potential 'cure' for coronavirus. That's a lie. All just the science of trading If you like this indicator i'm using you can find it underneath my most recent scripts published, add to favorites and place it on your chart Don't bet against the patterns of the market you're going to get humbled
DJ:DJI
by kyer