The DJIA is at Risk of Losing a KEY LevelThe DIA is at risk of losing a key level relative to QQQ performance. A decisive close below the red box could signal further underperformance.
DIA trade ideas
Two trendline broken on the DIAWith the recent drop on the DIA, two uptrend lines are broken down and the only thing left to be broken is the horizontal support at around 336-338.
Once that is broken, the selling could accelerate further.
$DIA know ur levelsdont play inside days if any of the names you trade are in this,
simple game plan:
LONG BIAS on day if break above 351.50 and tests for support at/near/above that level
SHORT BIAS on day if break below 347 and test for resistance at/near/above that level
*hypothetical* correction vs black swan eventWith a run-of-the-mill correction, I believe the indices will check back to their 200-day moving averages, which for the QQQ, SPY, and DIA are 351.81 (-11.34%), 424.98 (-9.01%), and 344.41 (-5.27%) respectively.
So based on the technicals, the QQQ is the most overstretched, followed by the SPY and then the DIA. The QQQ is susceptible to higher interest rates making certain investors less attracted to the very risky assets. The TVC:US10 has been rising.
Dow Avg Div Yield: 2.23%
SPX Avg Div Yield: 2.00%.
As the 10-yr rises and surpasses 2%, the QQQ will see the worst of it, the SPY the second-worst, and the DIA the least bad.
In the case of a black swan event, god forbid China invades Taiwan, we could see something like this if they checked back to their 200-week moving averages.
QQQ to 239.11 (-39.02%)
SPY to 327.96 (-30.16%)
DIA to 280.97 (-22.71%)
In this instance it would be the same, the most richly-valued tech stocks would feel the brunt of it, the general market (represented by the S&P will take a heavy hit), and the top 30 blue-chip stocks (as decided by Dow Jones) will see something only slightly worse than a 15% correction.
*PURELY HYPOTHETICAL*
Full disclosure, I opened up small positions in SQQQ, SPXS, and SDOW.
DIA 11/15 Analysis Briefly created a new ATH! Rejected down towards 359.40, bouncing out of the 2HR demand zone. Rallied forming a bullish flag and broke out EOD Friday finishing off week at 361.30.
DIA Buying opportunity? I’m currently under the interpretation that we should be seeing a “kick back rally.” Not a buy or sell recommendation. For education purposes. Since the wave structure has not been confirmed, I will not be assuming C is going lower on a bigger time frame but is in the back of my mind as a possibility
DIA 11/8 Analysis BTD & rally play or a potential small retrace back down to 364.10 / 360.80 then moon to 365 / 369 PT.
I am NOW 95 % NET SHORT ACROSS THE INDEXES 1998 TO 2000 FRACTAL IS NEAR ENDED 18.8 to 19.7 months low to peak . I feel that the markets move also match a close 1978 to 1980 structure . . Wave 1 3 and 5 lasted 468 489 and we are now at 442 I maintain this is the ending of the bull phase from the 2192 projection . I have stated a top should be seen 4460 to 4617 focus 4607 . I have had alt targets on my data . and will be posting this sunday . after 2 pm . bull
The Upward Trend of Dow Jones Industrial Average Stock Analysis.The Dow Jones Industrial Average stock has faced a rise by 1.25 points; as a result of the appearance of the continuation pattern of the ascending triangle and the positive data about the ISM Manufacturing PMI released by the Institute of Supply Management which shows an increase than the expected data by 60.4 points. Therefore, the stock is expected to continue in rising till it breaches the resistance line 359.52, on the contrary, if the stock faced a decline it may break the first support line 358.28 to reach the second support line 357 then the third support line 355.68
DIA 11/1 Analysis 5HR Bullish Hammer Formed EOD Friday Right At The Top Of The Wedge. Most TF’s Stochastic Leaning Bullish. In A Squeeze On 5HR - 2HR TF.
DIA 11/1 Analysis 5HR Bullish Hammer Formed EOD Friday Right At The Top Of The Wedge. Most TF’s Stochastic Leaning Bullish. In A Squeeze On 5HR - 2HR TF.
something to considerHello Everyone :)
something i have been looking into is a very significant relationship in closing price movement from now to the inverse of 1931. 90 years. 1931^-1+90 year cycle.
what i mean is if you flip 1931 upside down you will get a chart of 2021. my current analysis shows a 90%+ correlation.
some dates to watch
11/02 = 60 degrees from 9/02 top. (potential short term top)
11/05 = 3 days later (potential short term bottom)
12/13 = 90 weeks since march 23 bottom. very important for trend reversal
07/2022 = 120 weeks from march 23 bottom. very very very important - we will get to more about this later. (my current thinking that this might be the major top of the current bull campaign. yes very far away, and yes many bears to capitulated and trillions flooding the market). there are multiple reasons for this mathmatically too, but we will cross that bridge if and when we get there.
as for my current positions to establish bias:
crude corn wheat.
DIA 10/25 Analysis 2-4 HR Stochastic Shifting Bearish. Weekly Stochastic Bullish. 10/18 5HR EMA Bullish Cross. 50EMA Crossed Above 100/200EMA. Potential Head & Shoulders Pattern Being Formed, Invalidated If We Stay Above 355.35. Something To Keep In Mind: We Have Two Large Gap Downs To Fill, Between 350.25 - 349.10 & 346.50 - 346.
DIA 10/18 AnalysisWeekly Recap: Rejected The 349.50 Supply As Expected & Made A Double Top. Filled It's Downward Gap. Respected 341 & Found New Support Creating A Higher Low. Ran 12 Points The Rest Of The Week, Breaking Out Of The Daily Wedge. Creating Two Large Gaps (350.90 - 349.10 & 346.50 - 344.45) Ended The Week At A Key Weekly Level Of 353. We Still Have A Gap Up To Fill At 353.60.
DIA (dow jones etf) - Support, Resistance, Trend - October 2021Dow Jones Index ETF has been in a daily downtrend since September 2021.
DIA price is currently above trendline resistance.
-Bullish scenario: price breaks and holds above $350 to $354.
-Bearish scenario: price falls below $344 to $338.
Resistance(s): $350, $352, $354, $355, $357, $359.
Support(s): $346, $344, $339, $335, $333, $331.
Q3 2021 earnings season is starting, and will likely be the catalyst for price volatility this month.
The Unemployment Benefits' Impact on the Dow Jones.The Dow Jones Industrial Average stock has faced a rise by 2.71 points; as a result of the appearance of 2 bullish candlesticks and the positive data about the unemployment benefits released by the United States Department of Labor. Therefore, the stock is expected to continue in rising till it breaches the resistance line 350.41, on the contrary, if the stock faced a decline it may break the first support line 348.23 to reach the second support line 346.83 then the third support line 345.32
DIA (Dow Jones Index ETF) - Support, Resistance, Trend -09/05/21DIA (Dow Jones Index ETF) has been uptrending in 2021, on daily and weekly charts.
However, price is currently consolidating between $352.18 and $355.83.
Bullish scenario:
-DIA price breaks up above resistance to establish a higher-high.
-Resistance levels: $355.83, $358.07, $361.59.
Bearish scenario:
-DIA price pulls back down to test support levels below.
-Support levels: $352.14, $348.46, $346.17.
Note: To maintain a weekly uptrend, DIA price needs to close and hold above $346.17.
dreamed it in a dream
just a heads up....
july 15, 2022 will be one of the biggest trade opportunities of our lifetime.
i will elaborate more once we get closer.
i know i know... it is very very far away. but the geometry and math that i use gives me trades sometimes years in advance... a great deal of patience is needed to play the game like i play it.
Ecclesiastes 3
3 To every thing there is a season, and a time to every purpose under the heaven:
2 A time to be born, and a time to die; a time to plant, and a time to pluck up that which is planted;
3 A time to kill, and a time to heal; a time to break down, and a time to build up;
4 A time to weep, and a time to laugh; a time to mourn, and a time to dance;
5 A time to cast away stones, and a time to gather stones together; a time to embrace, and a time to refrain from embracing;
6 A time to get, and a time to lose; a time to keep, and a time to cast away;
7 A time to rend, and a time to sew; a time to keep silence, and a time to speak;
8 A time to love, and a time to hate; a time of war, and a time of peace.
Two Expected Scenarios for the Dow Jones Industrial Average.The Dow Jones Industrial Average stock faced a rise by 5.63 points; as a result of positive data on the monthly core PCE price index released by the US Bureau of Economic Analysis and the manufacturing PMI released by ISM from the Institute for Supply Management. However, according to the reversal pattern of the double bottom the stock has achieved its expected points of profit. Therefore, if a confirmatory selling candle appears, the stock will decline to break the first support line 342.71 and meet the second support line 342.43 and then the third support line 339.44, on the other hand, if the stock continues to rise, it'll breach the first resistance line 343.93 to meet the second resistance line 345.71 and then the third resistance line 348.7
Dow Jones Index - Bearish Forcast The market looks weak in the daily chart,
(Sep 27) a spinning top shows a change in direction following by the confirmation with the large red candle (Sep 28) is probably getting the buyers afraid to continue in the market.
It is not every day you see a MA 100 getting crossed in that manner, I will be looking to red candles at the market opening and be ready with a sell order at the levels shown, with Stop at the previous high.
Consumer Confidence Index's Effect on Dow Jones' Stock.Today, Dow Jones Industrial Average stock has fallen by 4.63 points because of passive data issued by The Conference Board about the consumer confidence index, which was less than the expected data by 5.9 points. This negative data is due to the increased risks of the epidemic that led to a lack of consumer interest in luxurious household goods. Therefore, it's possible for the trend to decline, to break the first support line 342.81 to reach the second support line 338.98, then the third support line 336.5, and on the other hand, if the stock rebounds later, it could rise to breach the first resistance line 347.45 to reach the second resistance line 349.2 and then the third resistance line 350.42
DIA Large Caps Shifting from Breakout to Range Bound MarketDIA Large Caps Shifting from Breakout to Range Bound Market
We are currently seeing the large caps starting to trade in a 6% range at the moment and could continue to see this as they consolidate the gains they have had so far this year
