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DJIA1!

DJIA1! - Dow Screams Trouble AheadWhat we see here is a red pitchfork, catching price at the center and the upper extreme. After the drop, we see the sharp run-up. Price got rejected exactly at the confluence point by the U-MLH (Upper-Medianline-Parallel). Tomorrow is friday and - this is a weekly chart. If pirce is closing down that much, it screams "Trouble Ahead" for the Stock Market. Target? The Centerline for the first portion of the position and then the L-MLH for the second portion.
OSE:DJIA1!Short
by Tr8dingN3rd
ridethepig | DJIA Floodgates Are Open!!📍 Who's in Control? - Sellers clearly have the luxury of momentum on the recent breakdown, advancing here too fast would be an immediate mistake since after that buyers will lose faith and start to cover. The correct procedure will be a time-consuming chop inside the 25,000 - 23,000 range to shake out those travelling Robinhood crowd. We have the weapon of a zig-zag to thank for this play; make good use of it and in cases of too much pressure watch for Fed bending the knee. There now follows a tactical and measured move in risk-off as cases start to tick higher around the world again. If you are not already loaded on the sell side, the trip you are planning for here should be carefully measured and prepared before pulling the trigger. We are still yet to entice the major capitulation and pickup the lows. All that seems necessary before we can begin the advance later in 2021.
UShort
by ridethepig
3
ridethepig | Smoke Screens & MirrorsAfter a ruthless and cunning retrace from politicians and central bank talking heads, this piercing rally is coming to an end after reaching the full retrace target at 1250. Buyers, who would like to occupy the jurisdiction above have tried to do so in a crafty way (since the typical path looks out of the question as long as the world remains in lockdown); they have occupied the lows, driven the late sellers out of it and thus created space for this flank manoeuvre. The RUT position arises after the typical small cap under-perofmance from the panic flows: The analysis of this position shows us that sellers are once again ready to conduct another leg lower, but also the quick-witted buyer will know to cover on the contact of 1250. As long as this resistance holds, the advance cannot be administered and the nature of the retrace remains corrective rather than impulsive. A fresh round of bankruptcies will be coming over the next few weeks, I am eyeballing the 16,000 lows in DOW for reference which will carry NQ, S&P, RUT, CAC, DAX, FTSE, NI and the rest of Global Equities. Thanks as usual for keeping the support coming with likes, comments and etc!
TVC:RUTShort
by ridethepig
4
Dow Jones Industrials: DJIA1! Stop Management and Trade PointsDow Jones Futures DJIA1! 10:15bst/05:15est 20th July Despite the counter rally this index still looks weak technically. It should start to come off from around here and from the upper falling dynamic from the recent highs at 25035 at best. It should come back to the overnight low at 24902-24850 range later today. It must hold and bounce here to avoid unravelling further to 24772 initially and then after another mild bounce to the 24641 -24531 range where it should rally away to the upside once more. To extricate itself from near term bear clutches it has to find enough buying interest to break above the falling dynamic at 25035 and hold there on the retest. Dow Jones Futures Update 11:56bst/06:56est 20th July A nice break lower from a high reached at 25027. Drive stop lower now, to just 10 points above current price to lock in 100 points or so of profit so far. * Active traders: for global markets updates in real-time please check the link at top left of main page.
OSE:DJIA1!Short
by sumastardon