Cyber Monday saleUp to 70% OFF

UDOW

SQQQ leveraged inverse QQQ LongSQQQ on the 15 minute chart has trended down into a reversal at the end of the last trading session. A snapshot of the 3 minute chart inlaid shows a reversal about 14:45 EDT 75 minutes before market close. I took a long trade of shares and call options striking $10.00 for June 14th at that point. I am expecting a 5% quick return on the shares and far more on the options. The relative volatility indictor is helpful to further pinpoint the reversal for best entry. (red to green) The set of Hull Moving Averages ( 14 and 35) also serves to signal "death" and "golden" crosses which serve to further aid trade entry accuracy. The relative volume indicator ( of veryfid) also helps in that regard. It has extreme volume spikes in black. OF particular interest, the last 15 minutes of the trading week has a volume spike of buying in SQQQ. This comforts me to know that other traders saw what I saw. I am fortunate that I saw it about 45 minutes before them and got a better price. This demonstrates the value of indicators and knowing how to apply and interpret them. Trading is not as complicated as the pundits and the fee for services and trading room coaches will have you to believe to make you financially dependent on their "guidance and assistance".
NASDAQ:SQQQLong
by AwesomeAvani
1
$DJI warnings signs but not all is darkGood Morning!!! Let's dissect a few things. The DJ:DJI is showing warning signs on the Weekly Chart: Money has been leaving. Harder to see on a daily so showing on weekly. RSI is also weak. Daily The DOW is trading under shorter term moving avgs. The RSI is at an important juncture, 50. $ flow almost under 0. ----------------------- There are some positives to the DJ:DJI : There is an Inverse head & shoulder pattern. Although this pattern is better @ calling lows. Of course, if it holds the 38.5k Support Level. 37.5k & 37k would be the next support areas before the retest of the MAJOR SUPPORT level, which is the old all time highs. Sell in May go away? Still bullish but weak spot for the average.
DJ:DJI
by ROYAL_OAK_INC
RSI & Money Flow comparison to other time periodsMarkets may remain irrational for an extended period of time. This can happen even when data conflicts. For the moment on the daily TVC:DJI : RSI is weakening. $ Flow is lower, but it is stable. Buys slightly outpace the sells since Mid January. (Only weekly is shown here. Pls see our profile for more information) --------------------------------------------- Things change a bit when seen on weekly data. Daily they seem weak but weekly there's 2 things of importance. Weekly TVC:DJI RECENT indicators show that RSI & $ flow seem OKAY. Let's compare them to years past. Compared to 2021: RSI is lower $ FLOW same Compared to 2017 + 2018: Both indicators are MUCH LOWER! (makes sense as it takes a lot more $ to move things around as indices and prices are higher) Showing 2 previous examples, blue boxes) as no market is identical. But, seeing the past we may get enlightenment to PREPARE for any outcome that may ensue. AMEX:SDOW AMEX:UDOW
DJ:DJI
by ROYAL_OAK_INC
SDOW a Dow Shorting ETF Long from an Intermediate Term BottomSDOW has leveled off at a near-term bottom after a downtrend as confirmed by bullish divergence on the RSI and MACD while the price went sideways in consolidation. Volatility has contracted as have trading volumes. I see this as a buying opportunity with a stop loss of 20.5 below the low pivot in consolidation and the first target at 22 underneath a standard retracement with the final target at 25 in the area of the early November pivot high. A call option set at a strike of $22 expiring in 4-7 months is a supplement to the idea. I expect that interest rate fades or any lessening of geopolitical tensions may affect things throughout the trade and perhaps force trade management along the way. Overall, I have an expectation of 18% for the shares and about 100% for the call option.
AMEX:SDOWLong
by AwesomeAvani
$DJI broke Head & shoulder & long term trend yesterdayDJ:DJI broke the head & Shoulder pattern on daily charts. However, the volume was not heavy. AMEX:DIA also broke the up trend from the bottom in 2022 SERIOUS DAMAGE has been done the last 30 days. We can get a bounce here BUT being Friday, not sure. --- The previous MONTHLY BEARISH moving avg crossover on the DJ:DJI happened in June 2008. We all know that year. The RSI in 2008 showed clear Negative Divergence & it formed a Doji (cross) at the top. 2008 bear > 14k - 7 = 50% CV bear market > 30k - 18K = 40% 2022 bear market > 36 - 28 = 22% --- Using AMEX:DIA as it resembles DJ:DJI pretty decently IF 2021 was the top, looking more & more likely as: RSI did not move strongly 2021 showing Negative Divergence AND the recent rally was SUPER WEAK! (wanted to see a stronger relative strength) But rates can now be dropped & they can come and save the day. Very likely scenario in 2024.
DJ:DJI
by ROYAL_OAK_INC
$DJI looking good but OMINOUS longer term pattern emergesGood Morning! Since the call on DJ:DJI , it has been up & adding some more today. Within 2 weeks AMEX:DIA is going to break down OR it will continue it's longer term up trend. Bulls like this current action. HOWEVER, there is an ominous pattern forming on longer term charts. A Rising Wedge pattern tends to be BEARISH. Not coincidental that the peak is very close to the all time highs on $DJI. (Not shown here, pls see profile for more info) Monthly AMEX:DIA has been trending inside it PERFECTLY! It's going 2b an interesting end of year Coincidentally, the pattern resolves in December.
DJ:DJI
by ROYAL_OAK_INC
$DJI & $NDX very important levels (TSLA trade = fire)The TVC:DJI trade we did ( NASDAQ:TSLA was great) was nice. In & out. AMEX:UDOW gave back all gains TVC:NDQ holding better, NASDAQ:TQQQ bit higher (risk reward was good but not for holding longer term) Point is, NOT RISKING, not convinced downside's over. AMEX:DIA almost oversold & very close to a VERY IMPORTANT AREA. Will revisit risk soon, once there. This is also an important area for $QQQ. ATM both weaker, could be mid day reversal. We'll see.
DJ:DJI
by ROYAL_OAK_INC
Stocks still struggling - $SPX copying late 2021?The risk in #stocks is still not to the upside. Took a trade before this rally, but that's it, a trade, already done too. Lower low today, still expect to be positive for the day, but until we get some sort of reversal, the risk is still to downside. TVC:DJI AMEX:UDOW NASDAQ:NDX is trying to find a bottom but here's not best place. Very light support. CBOE:SPX looks weakest of the 3. We could very well be doing what happened in late 2021. One last hurrah & then kaput.
SP:SPX
by ROYAL_OAK_INC
SDOW a triple leveraged ETF shorts the DOWSDOW is shown here on a 30 minute chart current rising above a parallel descending channel which is within a longer trend of a downward-facing megaphone pattern where it is currently situated near the top of the megaphone. I have drawn the two trendlines onto the chart and added an RSI indicator. My plan is to take a short trade on SDOW by looking for an entry on the 5 minute time frame where the HA candles are red and the RSI has dropped below 50. I will set the stop loss above the resistance trendline while targeting the support trendline at the low of the pattern.
AMEX:SDOW
by AwesomeAvani
UDOW a triple leveraged ETF of the DOW indexUDOW is shown here on the 30-minute chart rising over the past month in an ascending parallel channel. The chart shows the price currently situated near to the bottom of the channel which is the support trendline drawn onto the chart with the resistance trendline as well. My trading plan is I will take a long trade of 50 shares with a stop loss immediately below the support trendline. I see a targets as $ 62 and $ 65 making for a very favorable reward for the risk taken. For the entry, I will use the 5- minute chart and enter when the HA candles are green and the RSI is above 50. I realize that the DOW has less volatility than the S & P or NASDAQ but with that is less overall risk of reversals and pullbacks. I tend to take higher-risk trades but see this as having a balancing effect in my overall portfolio.
AMEX:UDOW
by AwesomeAvani
Things look ugly for $DJI but there's ray of light$DJI has seen a ton of SELL volume & in reality the environment doesn't seem conducive of any positives. Bu there are some. Pluses: Doji - Needs more confirmation tomorrow. Oversold on daily & support is 32.5k Major long term downtrend is around 31.1k Inverse Head & Shoulder can still pan out as long as #DJI doesn't break below the last barrier. Technically, it can go to MAJOR support in the 30k area. Yes, it's ugly but that is some hope for the bulls. The other indices don't look as good.
DJ:DJI
by ROYAL_OAK_INC
$DJI bouncing off Support levelEarly this open RSI looks ok & is oversold. Not buy much but it's been a good amount of selling Took advantage of this dib & went on buying spree. As we've been saying for some time, IN & OUT, scalps & short term trades. We've also been SELLING PUTS to help reduce risk by bringing premium in. If the premium subsides a good amount we cover. Not looking for home runs. We should have an okay day today but a lot of damage has been done to #stocks. $MSFT $TSLA $ZS $UDOW $TQQQ $RUN Beginning to nibble on #GOLD miners $BTG $KGC $FNV doing well today
DJ:DJILong
by ROYAL_OAK_INC