DIA trade ideas
DIA SuggestionsAs DIA hit 254 premarket, I would be willing to open some puts when market opens. I am patiently watching if DIA could break out to 255.94. If that happens, we might see ATH soon. If that gets blocked, I think some correction in the short term is really likely, and a TP of 240 is possible.
DIA Bear Flag - 222$Small bear flag on DIA, if it goes through it aims towards $222 - in line with many macro charts that indicate something will go down next week. Wonder what, it's now like we are in a global pandemic, unprecedented lockdown, massive unemployment and insolvency, aren't we?
DIA analysis on 5/17/2020For the DIA, it is in a slightly downward trend. Expect it to bounce between the 2 trend lines drawn in the picture until either trend line gets broken.
Please note that, the 50 SMA and 150 SMA are sloping down in the daily chart.
order: buy/sellif the chart Breakthrough the support line : high probability the chart It will pull down
if the chart break zone resistance: High probability the chart going up
Timing DIASome key levels marked as the purple lines. But I am watching to see if we have a gap tomorrow above $242.66 to climb higher. $242.66 was resistance today. We do have support at $241.11 so we will see what brakes first.
Doji on DIA: A Reversal or Indecision#DIA closed April with a small Doji. A Doji indicates a state of market indecision and sometimes it foretells a reversal of the trend. Which one is it?
Rising wedgeThis rising wedge intersects with the last gap left behind from the drop. Just an observation...
DIA - Short sellWill be out at tight stop if investor and trader moving averages fail to spread apart here. Directional trade, if it doesn't work , cut losses fast, and consider re-entry later. Technical trade.
DowJones (DIA) - Wait!S/R Levels - With the RED color is Resistance and the GREEN color is Support.
Three times the market has tried to break through Resistance, so now it is looking for new buyers to break through. Along the way down there is one smaller Support and a larger one that I think will work and the price will react on it.
Rising Wedge for Dow Jones, the Return to Normal is OverCan't Print Your Way out of a Service Economy Recession.
- joblessness through the roof
- lockdowns for a minimum 30 more days
- still no vaccine
- virus re-booting observations
- Oil war ongoing
- corporate downgrades
$DIA Bears VS BULL Final Round (Bears are against the ropes)Possible start of a bull market or just a reprieve for the bulls? Will the Bears strike a knockout punch? Or do the Bulls have Aaron Rodgers for the hail Mary? The war is nail biting and only the victors write history.
Technical Analysis: I think the market is in a very important place facing 3 major resistance after its latest run up. From a technical perspective the run up in equities is still well within what is expected for a re-tracement and what I believe to be the B wave in an ABC correction. I have noted the major resistances I feel we need to hurdle past before we can call this a new Bull market. Next week will be telling and I would not go into next week short or long any positions (unless they are long term trades). A lot can happen over the long weekend but I fail to see how things can be assumed as okay in the financial world even after (and hopefully soon) we get past covid and people get back to work.
A lot of damage has been done to the world and we could be headed to a global recession.
For the bulls, if we do break above R3 then we can expect shorter bull market before the bears regroup to fight another war.
Please do your DD
Dow/DIA RecoveryIf the Uptrend Support Line holds, and the orange rectangle does not act as too much horizontal Resistance, I believe the Recovery has begun.
DIA - critical point!Watching DIA 209.50 closely. Market seems to be woking on a little something here and testing prior levels.
Interesting .... very interesting.I just decided to post this after looking at my accuracy of the time frame prediction. I made this chart about 1 year ago (maybe). February is where we started to go down.
DIA Monthly Chart is indicating bottom level @ 160 !I applied Elliot Wave, Fibonacci and Trend Analysis on the Monthly chart of DIA. RSI of DIA was creating a negative divergence from 2018 and signaling for a huge correction ! So Market was searching a correction point and Corona Virus helped the market for that. Now question is how much correction will happen ! Here there are two reasons for correction- 1. Natural correction needs, 2. Corona Virus impact and Economic loss of the whole world. So obviously we will not get rid of the bear market very easily ! According to my analysis there is another 25% of correction needed to get the potential bottom which is around 160 level. 160 Level is very much strong for some reasons- 1. Monthly Fibonacci 161% ratio support, 2. Previous strong Support, 3. Trending line Support. I believe DIA will recover from 160 level strongly and start rally again ! Thanks.
BIGGEST NON CONFIRMATION IN US HISTORY RSI THE CHARTS ON FX ONLY GO BACK SO FAR BUT MY CHARTS GO BACK TO JAN 1902 THIS IS TO SHOW ALL THAT THE PEAK WAS ONE THAT WAS GOING TO HAPPEN NO MATTER WHAT BE IT OIL CRASH OR VIRUS I GAVE ALL THE MAJOR CYCLE PEAK DATES AND PROJECTS BACK IN 2019 .I DID POST AN ALT IDEA BUT WE FAILED TO BREAK MY 3410 3392 . IN SP OR THE NYSE 14200 PEAK 14183 . ALL MY WORK OVER THE LAST 44 YEARS WAS BASED ON FIB AND GOLD RATIO TIME AND PRICE AND SPIRALS IN TIME . When I hired to be a Technical analyst in 1991 I was retiring from the FDNY . IN 1992 I started a hotline called Wavetimer In 1992 I was short term timer of the year . I then was asked to close my hotline to work for a private firm . Who was one of the three floor broker working for the Hunt brothers . and Saudi . In 1993 I walked away from them to have a simple life and family. advice from my uncle CIA Regional ass/director in Vietnam 1966/1972 I only post my work as to past on the knowledge. to help families to help give their kids a better life.. I must warn you all that there is a very Dark group behind a great deal That is why I left . We are at the crossroads in this world . And all things are not what you think . 9/11 .I was there . best of life to all . for the gift is within all of us and that is LIGHT
