DJI intraday sets up for DAILY movementsFrom yesterday
----------
11:34AM
1hr VOLUME SUCKED
BUT
That 1Hr Doji is a good sign & RSI positive divergence
4Hr looks ok, reversal but not strong enough
NEED more volume
More later after
#DJI $DJI #stocks
---
12:21PM
$DJI Volume pumps up more & we close the 4Hour (around 130est) ABOVE 32793 = GREAT sign
(((FYI IT DID NOT DO IT)))
------------------------
4:05PM
It' been a 1k point battle for $DJI
Today we close with a DOJI
Again, this week IS IMPORTANT!
Flat day but 1st signs of buys
Time running out but still holding!
---------------
TODAY TODAY TODAY
$DJI bulls are fighting hard & not giving up here
30Min looks ok
Changed 20 EMA to 30 & painting lil better picture
1Hr reversed back to 20EMA
4Hr still not there, Needs to trade north of RED EMA
BEST if resolved TODAY
UDOW
$NDX looks better than $DJI, but it's no slouchPls see profile for more info
We limit data
as it's copy paste
We're cautiously bull $DJI, bit more on $NDX
But there's reasons:
#ECONOMY = TRASH
Tons of good lost jobs
Unemployment low but most BAD jobs & multiple jobs
#DJI RSI negative divergence (slight weakening)
#NDX RSI looks good & many green candles
$DIA $QQQ #QQQ #Stocks
$DJI Inverse Head & Shoulder + Long term data on CrossoversThese are copy paste, pls see our profile
IF RIGHT Shoulder, $DJI Inverse Head & Shoulder pattern, holds = STRENGTH
1/2
#DJI RSI WEAKENING, Negative Divergence
Last 2 days good SELL volume
Some interesting Moving Avg Crossover data on next post
2/2
$DJI Bullish Moving Avg Crossovers TEND to last
There's been few times it didn't:
Late 99-Early 02
Mid 78-Early 80
June-July 60
July-Sept 56
Feb 47
July 47
Whipsawed 1948
Oct 40-Jan41
Sept 39-Nay 40
Aug 32-Nov 32
You get point
#stocks #DJI $DIA $NDX $SPX
$DJI still looks great - Inverse Head & Shoulder in play!Keep eye on intraday $DJI volume 2c how we're doing
So far NO anomalies showing trouble for this run
Great Inverse Head Shoulder pattern going
Monthly Averages DIDN'T crossover = VERY good
Barring something crazy, $DJIA may have enough for 1 - 2 year move
$UDOW $DIA #stocks
$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
From "Hovercraft" to IHS pattern? WAY EARLY but interesting 2cDo you see it? $DJI
Is it easier to see on weekly?
The "Hovercraft" patter COULD be a precursor to an Inverted Head & Shoulder!
See it now?
IT'S WAAAY early & it doesn't mean it'll happen
$ETH had one recently & went kaput
Can $DJI #BEAR be ending? Time will tell
IMO chances are NOT for
BUT
As stated MANY TIMES #markets are NOT logical
What about $NDX $SPX & $RUT?
Short answers
no, bleh & actually looks like head & shoulder recently lol
$DJI forms Outside Week (DAY)Had no plan for trades 2day barring huge opportunity, which not seeing
BUT like $META action in "bear" market
Did say keep this in mind
BUT THIS IS NOT THREAD FOR @facebook
It's for $DJI and its cronies #DJIA $DIA $UDOW $SDOW
WE HAVE HUGE MOVE in place with more to follow
Being this is WEEKLY the paint = more important
31.7k is 50% retracement but IMO we're likely retesting 30k next year, just don't see bloodbath ending year
Another post which may or may not post here later
AFAIK no such thing as HOVER pattern🤣
Me having FUN
BUT
could be precursor to one! IHS patter is hint
Month DJI Data - DEC likely trade sideways > BONUSESThis is series of charts but can only show 1
1/2
ALWAYS👀@ volume
$DJI Late Apr/May heavy DOWN
Early OCT noticed shift
TURNED FULL BULL, DOCUMENTED
Recently, lower volume but NO heavy SELL
WHY?
BONUSES - #stocks likely to trade sideways till 2023 =
Lil down - lil up
$VIX $SDOW $UDOW $SPX $NDX $QQQ
2/2
$DJI hourly shows nice trend
4Hr shows weakness signs
$DIA ran a lot, expected
LARGEST RUNS tend 2b in BEAR MARKETS, FACT
-
Our position
SMALL short, down tiny amount
Some longs
Nice amount of $
Tons Treasuries few months @ 4.6%
Raised #crypto $ bit, nice run over weekend
#stocks
Monthly $DJI is a must seeGood morning lovely ppl
Maintaining trailer $SDOW #DowJones short position
May add more if we pop enough
Initiated $VIX long position
There's various ways; options $VIXY $UVXY & more
3 warnings signs, see previous posts
Ignore RSI if it shows on post
Let's see how Nov ends $DJI $DIA #stocks
🚨🚨🚨 3rd WARNING/ALERT $DJI 🚨🚨🚨🚨🚨🚨🚨3rd WARNING/ALERT 🚨🚨🚨🚨
$DJI threw:
Hanging Man on Friday - Bearish
Shooting Star on Monday - Bearish
Tuesday = Outside Reversal - In this case it seems mostly Bearish
$VIX is also starting to wake up and beginning to make noise
#stocks #INDU #DowJones $DIA $SDOW $UDOW
Risk for Stocks increasing again $VIX $DJI
$VIX in middle of range, normal for now
RSI RARELY oversold
Maybe 1x per year & we're @ lower end
$DJI Comparison to last peak
In overbought territory
"2.5% upside" - ??? downside
Reducing longs
Our LARGEST position $TWTR = cash now
As we go higher raising more cash again
BULL WANDERING INTO A BEAR DENPRICE vs MOMENTUM forming a compression divergence. Notice the lower indicator and the trend on both sides. Price has been broadening the last few years while momentum/strength has been compressing. This is a hidden bull diverging into a massive bear divergence with the potential for a 3x touch here soon. Hidden divergences are historically weaker than regular divergences so the odds are in the bear's favor. We'll just have to see which one the CB's are rooting for.
Is the Dow Jones 🐂 Ready to Rumble? | DOW JONES MINI FUTURES ($🐮 The DOW (DJI, DIA, YM1!, UDOW, etc) is rallying based on recent strength shown by key players like Disney, the banks, Boeing, Exxon, etc. Looking at Dow Jones Mini Futures (YM1!) we can see a new clear bull trend forming... but we also see a clear-as-day support level to be tested to help confirm this rally. Perhaps the shift out of the NASDAQ's COVID hedge plays and into DOW darlings causes a correction in all markets, perhaps bank stocks run up against resistance and need to cool down. Whatever spurs on the retest of support, so be it. The plan here is simple regardless, we are aiming to buy support and catch a ride on the post-COVID bull.
Resource: www.investors.com + www.fool.com + www.cnbc.com
✨ Drop a comment asking for an update, we do NEW setups every day! ✨
Like, Comment & Follow to help the community grow 🎉🎉
---
1. Fractal Trend is showing an uptrend (Aqua colored bars) on the 4-hour timeframe. This is the first notable confirmation of an uptrend on YM1! and is indicative of the recent strength in DOW holdings.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua colored lines) and/or bullish S/R levels plotted by Directional Bias (Aqua colored lines).
3. The goal here is to take a long position at the S1 S/R flip since that has been a major price pivot point during the COVID correction.
4. Our stop loss is placed just below S1, with the logic being that S1 will hold.
5. Our target is the R2 highs formed during a dead cat bounce back in March.
6. If S1 doesn't hold, then S2 offers another support level, although the current bullish bias on the DOW would be lost at that point.
Good luck bulls!
Small Cap Stocks with Bearish daily and weekly chartsThe Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future.
Recently, we posted a research article about the Head-n-Shoulders pattern setting up in the $INDU. Again, the IWM chart is also showing a very clear Head-n-Shoulders pattern with critical resistance near $159.50 and support near $144.25. Our researchers, at Technical Traders Ltd., believe this right Shoulder will prompt a downside market move towards support near $144.25 before a downward sloping wedge pattern sets up. This first downward price leg will setup and congesting wedge formation that will, eventually, break to the upside and drive market prices higher.
We authored a research article about this pattern setup on February 17, 2019. You can read it here.
Skilled traders watch all the charts to assist them in identifying characteristics that can assist them in understanding price moves, key support/resistance levels, and price patterns. This IWM chart should be on everyone’s radar at the moment. Where the IWM finds support, so will the other US stock market indexes.
The IWM setup indicates we may only see a 5~7% downside price swing before support is found. We’ll have to watch how this plays out over the next few weeks/months to determine if the $144.25 level is true support or if the lower $137.00 level will become support. Either way, the downside price swing appears poised to unfold over the next few days/weeks – so be prepared.
Please take a minute to visit www.TheTechnicalTraders.com to learn how we can help you find and execute better trades in 2019. We have already positioned our clients for this move and we believe we can help you stay ahead of these markets.
Topping pattern/candles starting to form as expected...SPY Stock market showing signs of reversing but still needs several more days to form top. But who will lead the decline and next rally? DOW or NASDAQ?
Here is an article talking about it.
SP:SPX AMEX:SPXS AMEX:SPXU NASDAQ:QQQ SQQQ AMEX:DIA SDOW UDOW