𝗖𝗵𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗠𝗼𝗻𝘁𝗵: $DJI Monthly. Strong CandleBlowing out a 💫 w/ a large green candle and MACD looks very bullish
$YM_F $DIA $DJIA $QQQ $SPY $IWM $TLT $TNX $GLD $DXY $VIX $BA $GS $UNH $CRM $MSFT #Trading #Stocks #StockMarket 📈
YM1!
𝗕𝗼𝗲𝗶𝗻𝗴 𝗨𝗽𝗱𝗮𝘁𝗲: $BA Weekly. Time to Fly?Biggest trade last year for us were Leap Puts anticipating the massive diamond breakdown on this POS company. They somehow survived #737MAX crashes AND #COVID. Micro wave-3 looks to be starting
$DIA $YM_F $DJIA #Stocks #Trading #Boeing ✈️
𝗗𝗼𝘄 𝗨𝗽𝗱𝗮𝘁𝗲: $YM_F Daily. Retest of Feb ’20 High HoldsRetest of Feb ’20 highs as support held and a big reaction. $NQ_F leading but won’t be surprised if other sectors join
$DJI $DIA $SPX $SPY $ES_F $NDX $QQQ $VIX #DowJones #ElliottWave #Trading #Stocks
90.7 DXY Dollar is the key to the stocks correction!!!If the Dollar gets over 90.7, that should signal the correction in all assets. 90.7 is the *yearly* 20 period moving average. Rejected twice this past week, but it has broken out of a wedge pattern, backtested successfully, and seems to want to move up to get over 90.7. Target 92.3-92.5 for the short term resistance and green light to long stocks. 90.99 is a gap and also a target.
Dow future (12/1/20)Although there are many counts, I find this count more reliable. I feel the rise in dowjones from march is a correction wave and we about to witness huge correction. For short term traders, I advise buying at any minor correction with the target near 30200. Good luck.
YM MFI bounced off oversoldAsia down, Europe up....
YM MFI bounced off oversold. Looks like a whipsaw week...
Could this indicator predict corrections 100% of the time?!The cyan line is a weighted average of different asset classes, other than stocks, that I came up with.
It is just a mathematical exercise but I thought it is showing some VERY interesting correlation...
... Just a thought!
Disclaimer: The above is not an investment advice. It is merely an opinion and I share it for your entertainment only. Do your own due diligence and above all, trade safely and stay safe!
Could the real Black Friday be December 11th?The stock market indices are at all time high, climbing the wall of worried of the megaphone resistance.
Meanwhile:
- There is 20 million Americans unemployed
- Covid-19 is at all time high
- Stimulus is ending at the end of the month and there are no visibility as to whet and when the next wave of stimulus will be.
Yes, there is a vaccine coming but vaccination will take time...
With Thanksgiving Travel and gatherings and the return of the cold weather in some regions, the spread of the virus could be out of control. Then, to make things worse, Christmas and New Year is also just around the corner with more gathering in sight.
Considering symptoms appear between 2 to 14 days after being infected, that would mean that between December 3rd and December 10th, a Covid-19 spike could erupt in many US regions. So, without putting to much credibility on the exact date, I believe things will get worse before they get better.
We could see SPY fall from its megaphone soon!
Disclaimer: The above is not an investment advice. It is merely an idea and an opinion and I share it for your entertainment only. Do your own due diligence and above all, trade safely and stay safe!
Dow future (11/27/20)I think there is another upside rise before a huge drop. For the short-term trader, I recommend buying now with a stop loss of the previous bottom.
𝗗𝗼𝘄 𝗨𝗽𝗱𝗮𝘁𝗲: $YM_F Daily. 🎅🏼📈 into Year End?Held support area ~$26K and channel broke out to new ATH. Over $30K and will likely see a 🎅🏼📈 into year end
$DJI $DIA $SPX $SPY $ES_F $NDX $QQQ $NQ_F $VIX #DowJones #ElliottWave #Trading #Stocks
Dow Emini (YM1) LONGProbably an other run at the gap. (S&P is likely a better long, though!... for now.)
Healthy Correct on Dow1. Price is potentially at its healthy correction after the passed long-hauled rally.
2. It is seems possibly to squeeze deeper within demand zone, to hunt further stop-loss. Would not be surprise to see long wick bullish pin bar to appear around this level.
3. However, it shall steadily supported around fib 50% to 61.8%, which where next pivot level to be formed.
4. It shall then rally to challenge the next swing high level - 28835.
May the market be with you!
Significant downside for US equitiesThe bottom indicator suggests any change in momentum will be downward as several different momentum lengths are all peaking around the same time,
Notes: US30 (AKA Dow, YM) In upper chart in RENKO
Therefor the time axis is irregular. But the time of interest is NOW (where the penguin lies)
Dow /YM Potential breakout on IndustrialsThe Dow is lagging our other indices in our tech-heavy environment. Technicals are ripe for a play. 27900 28020 & 28400 resistance range. Bullish pattern setup with inverted h&s and hugging the downtrend breakout. Potentially an ascending triangle forming-- Let's see if the bulls can break up. Play break out or short the rejection.
Reversing Short to Long at 27696
The Ingenuity Trading Model is a Hidden Markov Model with specific inputs related to Price, Time, Volume , and Volatility .
