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.
DIA trade ideas
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
Divergence Flashing Reversal Warning in DIA? Divergence in technical analysis is simply a separation between price action and various indicators or oscillators. Divergence however, should never be used as a stand alone tool. FlashPoint Trading Academy uses divergence to assist in our swing trade entries and exits.
FlashPoint entered a long in DIA back on January 17th at $141.23. Having noticed a divergence between DIA's price and RSI, Stoch and MACD, we've set a stop-on-close order right below the 10 day EMA to ensure we lock in current gains. Simultaneously, we will also execute a sell stop order to enter a new short position as well with our initial target set at $256.61. Further weakness in the underpinning of major markets could see an even larger move down to $247.58.
If you like our analysis, please be sure to follow us and hit the like button. We greatly appreciate your support here at FlashPoint Trading Academy!
A "1.13" Setup ?Just thought I would provide this as something to think about.
Perhaps this is something you may not have considered.
Should the "abc" within the "Y" leg in fact turn out to
be 5 waves (rather than 3 as shown here), we would then
have a large expanding flat beginning at the Jan '18 peak.
Should this occur, then depending on where the 5th wave of "c"
came in, this setup may/may not then fall within the 1.13-1.618 range.
hello trader, I give you my first EUR / USD analysis.#venezuela
hello trader, I give you my first EUR / USD analysis. I listen to opinions, suggestions. with a lot of humility to learn.
I think you will see a strong break down bear down, since Monday I am trading short with good results
Dow PennantCoiling... not sure which way this will break (depends on economic data and/or China news) but I got this feeling that it will hit the upper trend line first before it breaks up or down.
In other words, more whipsaw action
Shorting the DOW. SL & TPThe Dow is currently rejecting significant trend lines on the weekly time frame and we are witnessing decreasing volume from a weekly perspective also.
As many of you know who follow me, these trade set ups are what I look for as it allows me to set up a good risk:reward ratio in my trade plan with significant price action changes having to occur to stop my trade out. The good old saying goes, The Trend is Your Friend!
Fundamentally, we know that the future is dark economically, and generally I do not look further then technical analysis when implementing a trade plan. But when we look at the fundamental uncertainty on top of the technical set up, we have to get excited about this particular position. If you are following me, you would have noticed a few weeks ago I published a short position for NASDAQ. Well, NASDAQ has since dropped significantly while the DOW has not further indicating that we are both fundamentally and technically advantaged in this trade set up.
I have published the daily chart so that we can view the results of this trade day by day instead of waiting for weekly candles to roll over to update the chart.
DIA IndecisionIndecision in the Market right now.
Bear Case:
*Multiple failed attempt to break resistance
*Head and Shoulder formation
*Broken wedge up
*Lack luster volume
*Bearish divergence on RSI
***Motivation for break lower : recession fears
Bull Case:
* 50 MA broke back above 200 MA
* Price holding above those two MAs
* Symmetrical Triangle engulfing the H&S (Larger pattern usually plays out)
* Possibly a bull flag forming (look at it in the weekly)
***Motivation for break higher : Trade deal
****Personally, I think we break lower... Let's talk about it!
right shoulder to... somewhereBearish shark implies a 0.5-0.618 retrace to the green box... where it'll paint a right shoulder for either a small inv H&S or the larger H&S. The green arrow seems more plausible since the indices just seem to accumulate with abandon on Fridays.
