Bear flag like last winterNot much to say here... Looks just like last winter's bear flag albeit on a much lower time frame. Bounced off critical support today but a close below 271 means 266 in a jiffy. Only the Fed can save the dow now...
DIA trade ideas
Daily DIA stock price trend forecasts analysis.12-JUL
Investing position: In Rising section of high profit & low risk
S&D strength Trend: In the midst of an upward trend of strong upward momentum price flow marked by the temporary falls and strong rises.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
read more: www.pretiming.com
Forecast D+1 Candlestick Color : GREEN Candlestick
%D+1 Range forecast: 0.2% (HIGH) ~ -0.2% (LOW), 0.1% (CLOSE)
%AVG in case of rising: 0.7% (HIGH) ~ -0.2% (LOW), 0.6% (CLOSE)
%AVG in case of falling: 0.2% (HIGH) ~ -0.7% (LOW), -0.3% (CLOSE)
DIA consolidation, maybe down before next leg higherDIA consolidation, maybe down before next leg higher
Break and hold could mean long equitiesHard to imagine given the current economic information we're getting but. if this long term fib level break gets through and holds could mean a big push to come in equities.
DIA SHORT based on TOP Resistance + Trend-LineSPDR Dow Jones Possible SHORT over the longer-term coming up, wait for extra signals. Possible SHORT based on the current resistance at 269.20 that hasn`t been crossed yet. Currently low volume trading, wait for higher volume for confirmation on SHORT. I would suggest SHORT ones 1 TARGET(RED) 262.00 is broken (SHORT33%). 2nd Target (ORANGE) 253.00(SHORT66%). If this support is broken look towards 248.00. If this level is broken SHORT full position (100%) until 242.00(GREEN) at least.
Multi year study of the declining influence of the Dow TransportWe are looking at in my opinion the declining influence of the Dow Transport on the Dow Jones industrial average.
In 2017 Id say we saw the peak of it's influence.
brschultz 80%bull/20%bear: Mar16.09 to Apr26.19 to 1Oct.31.2021 Excel calcs a date bottom of 10.31.2021 as bottom based on bottom of March 16 2009 to peak date of Apr 26 2019
RESTATED: Countdown to Market Bottom Oct 2021 Begins NOW!RESTATED: Countdown to Market Bottom Oct 2021 Begins NOW!
My brschultz Peak Model suggests Fed Mtg Kills Mrkts Like Oct 4High probability that Fed Mtg Date is similar to Oct 4 2018 scenerio.
WE ARE ABOUT TO SEE A VERY BEARISH SETUP LOOK FOR NEW LOWSWE PEAKED AT .786 AND WAVE A X 2 IS EQUAL AT TODAY HIGH FOR WAVE C OF X OR WAVE C OF B THIS IS VERY BEARISH SEE THE RALLY PHASE OCT TO NOV 2018 AS FRACTAL
DIA Weekly 34 x 500 Hull - Markets/Housing Bottoms June 2021DIA Weekly 34 x 500 Hull - Markets/Housing Bottoms June 2021
Look at Dow Jones Weekly History of 34 x 500 Hull = NOT GOOD!!!Look at Dow Jones Weekly History of 34 x 500 Hull = NOT GOOD!!!
CUP AND HANDLE PATTERN AS WELL AS AN INVENTED HEAD AND SHOULDER THE BULL MARKET HAS TWO MORE UP LEGS AS IN 1998 AND 1966 FRACTALS
DIA - Dense projectionsLayers on layers of fib gann and waves, this is the most simple chart I came up with.
And Down She Goes!!Recently I published that bonds were going up, which could indicate a possible crash in Stocks.
Here is the Bond Long trade I posted:
If you are in PUTS for SPY/ DIA, i would recommend hold for longer.
Enjoy the profits.
-Shaggad
