BEARISH DIVERGENCE: DOW and 10-day SMA of CBOE PUT-CALL RATIOThe plot of the 10-day SMA (Simple Moving Average) of the INVERTED CBOE TOTAL PUT-to-CALL Ratio against the TVC:DJI - Dow Jones Industrial Average.
We can see that from the all time Highs back in Feb to the latest lower highs, the 10-day SMA of the INVERTED PUT-to-CALL Ratio keeps making higher highs even though the Dow is making lower highs.
The higher the INVERTED Put-to-Call ratio goes it is indicative of more Calls being bought for every Put being bought.
We note that bullish sentiment has reached extremes not reached in almost 20 years----- EVEN THOUGH THE DOW PRICE keeps making lower highs.
This is indicative of bullish sentiment extremes that is a contrarian indicator pointing to lower prices ahead for the Dow and the end of the Bear market rally (from the March lows) being close at hand.
I believe the Dow's Bear Market rally ended on June 8th.
Since then we have had one wave 1 from June 8th to June 15 and since then have traced out a 3-wave ABC corrective wave 2 retracement which should be either at an end or will be at an end with another minor high in the next 1-3 trading days.
Risk-Reward favors a change in trend due to such Bullish sentiment extremes and the safer trade is the SHORT side.
Cheers!
Cyrus
Dowjonesindustrial
SP500 still has room to the upside before declineNot much has changed in the stock market. We are still in the same range. Based on the rejection we got last week, we can expect SP500 to test 32xx range (possibly even higher to form a double top near 3400). Advanced Decline Line broke higher than it was at the beginning of this year. That is bullish for the short-term. Based on cycles, we can expect trend reversal to the downside after July 20. Intraday trading is still the best idea for SP500 traders.
DJI down to 24202DJI just broke down the 25800 level which is a strong one especially after going sideways since mid-June, all of this will probably lead to more sell-offs in the upcoming sessions.
This's purely from a technical point of view, but yet this assessment is also heavily supported by earnings session that's about to hit.
A rally is probable after hitting the target of 24202. and that's IF it did.
US30 BUYHello traders! US30 is ready to hit 26300. Its a very nice 300 points Target. Set stop loss below support.
This is same strategy that i am using for GOLD, I hope it will also give promising result like Gold.
Don't Forget to Hit the like button if you find it helpful and informative and follow to catch every wave correctly and remember to share ideas.
Previous analysis
US30 INTRADAY SIMPLE 15MIN CHART -Follow trend-line and breakoutUS30 INTRADAY SIMPLE 15MIN CHART , Follow trend-line and breakout - Happy Trading...!!!
Dow Futures: Strong Move to Open Sunday: Eyeing $26,000Will look at a scalp long if $26,005 breaks will layer profits in from 50 to 200 points as there was a strong move opening up on Sunday.
I have stop/buys orders in place. Please keep in mind this is not a long and my order will not be executed until $26,005 breaks (if it never does that is ok) I will cancel my order.
About me:
I keep trading as simple as possible. Will not give my method but will give you entries.
Don't get greedy. Take profits quick when in green.
Let's make money together!
US30 shortDow Jones Industrial Average Index - US30- For short ..TP1 and TP2 are the yellow levels..SL UP the red trend..
US30 short - 0.786% rejected Hello analysts and traders -
We have our chart here to show our thoughts behind the Dow Jones Industrial Average .
Technicals
All time high peaked before the impulsive move to the downside - as the all time acts as a supply zone providing key wicks which show and imbalance between buyers and sellers.
After the impulse - the price showed a hammer - indicating a reversal signal for buyers - plus on a month
Dead cat bounce - to create a quick rally up to show - a V-shaped recovery.
Refer to VIX and S&P, XAU analysis for further insights for correlations.
Pay attention to safehaven pairs for investors moving assets to ensure cash is spread to diversify.
Fibonacci levels - we took the high to low approach - and upon the retracement we saw 0.786 hit our zone and reject.
VIX - analysis shows the trend line has been touched to instill confidence in investors, however the trendline looks to be rejecting and creating a strong buy opportunity, meaning indices sell off opportunity.
Fundamentals
stimulus package from central banks - propping up the stock market but are they really saving businesses small, medium enterprises?
Heath crisis
Travel industry shut, but opening slowly, however the world will disobey opening warnings and decide otherwise on best to take action for themselves.
With northern hemisphere summer travel will be an opportunity to experience a vacation from key countries with no quarantine, however spreading will be inevitable this way.
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we trade purely from naked charts, less indicators - remove the noise.
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Dow Jones US Stock Market (Is US-China trade deal over?)View On Dow Jones US Stock Market (23 June 2020)
Is US-China trade deal over?
It doesn't really matter. Market Makers will eat retail traders anyway.
Why? It is because retail traders usually buy into a pipe dream such as 1:5 Risk: Reward ratio with 30 pips SL in the hope to get 150 pips TP.
This is exactly just happened. The Market just made a blip on the early Asian session to eat both long and short positions with tight stop loss (SL).
The Morale of the story: Always Watch You Risk Management and Trade Expectation.
As for Dow Jones, I see 25k as good support while 26300 as a good resistant.
We shall see more movement as the week develops.
Let's see.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
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DOW JONES INDUSTRIAL 30 - STILL BEARISH? HAPPY SUNDAY TRADERS!
OUR VIEW OF THE DOW JONES INDEX, WE HAD SOME MIXED PRICE ACTION LAST
WEEK HOWEVER, WITH VIRUS CASES RISING, MORE STIMULUS MIGHT BE REQUIRED.
WITH GOLD LOOKING TO MAKE MULTI-YEAR HIGHS, WE COULD STILL SEE MORE
BEARISH PRICE ACTION ON THE DOWN TO $22800
EMA'S HAVE CROSSED AS WELL ON THE 4HR BUT NOT YET ON THE DAILY :-)
TRADE SAFELY FOLKS!
THE TRADING REGIME!
CURRENCYCOM:US30
Dow aka Us30 possible trade setup for July MonthHi,
US30 is not our trading script but it can affect the world market. Just tracking DOW to get an idea for our Market. Here is the July Month Possibility.
DJI Short Trade Setup!Welcome to Profitlio Trading!
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😯 Uh Ohhhh! (DJI)💰 LET'S GET INTO SOME DOW JONES ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! 👍
- The 3 day is starting to show signs of blood as it is the first start to red since the bottom.
- I've been bearish on a lot of my post for the longterm approach.
- DJI been short since 26,990. The close at the end of this week will tell us a lot on how the 3 day wants to lead us into the weekly chart.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
🤔 Long-term View Still Early To Call. (DJI)💰 LET'S GET INTO SOME DOW JONES ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🤷 Neutral
- If you've been keeping up with the MLT Trades then you know that we got short avg. Price 26,990 on a shorter timescale.
- Overall based off the 3 day chart you can see that the candles are still green, no crossover and that the ema dots have not completely lined up just quite yet.
- We are in a more aggressive position on the wallet timeframe and for now will continue to hold and get a feel for how this week wants to start out.
- For a longer term confirmation we are going to want to see the ema dots align red, candles shift red and crossover.
- On the shorter timeframes based off my previous post on a lot of the market you know that we are leaning bearish. We won't know until long term confirmation.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER