The Market's Support LinesThe market's current instability is due to talk of "trade war" with China. However, the support line as shown has rejected the fall two times so far. Unless the market breaks through, you can continue expecting an upward trend.by willgeorgejr4
Turtle SoupDIA bounce off 200sma (first test since June 2017) into a Turtle Soup Buy. Higher momentum lows. Powerful short term reversal setup. 234.85 cancels the setup. Trailing stop.by AtticusRexUpdated 1
Factors confluence on $DIA - #stocks #indexConfluence of factors bringing indecision in the market; what's the next step? Looks like everything is consolidating and compressing, taking a pause from the long term bullish trend; in particular, $DIA is sitting on a strong support from which it bounced off on the most recent flash crash of early February and another confluence is given by the approaching 200 days moving average. Lastly, a triangle is taking shape just to remark the consolidation phase the market is in. What do you think is going to happen next?by LorenzoDecaria1
DIA Weekend Analysis 3-24-18My views on the Dow from an Ichimoku perspective. EDIT: **I mentioned the span B was devised from last 26-periods. This was an error, it is the last 52 periods.**08:51by JTBtrades2
$DIA Weekly Long way to go and still be positive, Short term looks ugly. Lets see if its a painful slow death or an elevator down move. Just resetting by nelsnyc1
The higher if flies the harder it falls."Don't sell at the top, sell only if there's no rally after the reaction" ~Jessee Livermore. This market has been buying the dips, which is a rule in an uptrend market until the trend states otherwise. This is what has been happening so far. This market is facing changing circumstances from the time Yellen was the chair woman at the Federal Reserve. Increase of interest rates have been looming the horizon for a long time. It just has to be as smooth as possible to avoid a market overreaction. However the profit taking is unavoidable, after all nobody died poor after taking profits. And this time after the accumulation we have had the correction after a profit taking could make the market look bearish for a while. A 10%-30% correction at these levels is not the same 10%-30% correction at lower levels. So brace yourselves, and trade wisely, a bumpy market is in the Radar.Shortby Madrid0
DIA short after wedge breakdownStrong wedge breakdown this week. Momentum downwards likely to find strong triple support at $233 - triple: the 200 day MA, the Feb lows, and the bottom of the new trend channel. If we break $233, time to gtfo. Shortby trading4121
looking for bounce measured move complete, gap filled, let's see a bounce tomorrow!Longby samsungalaxy2
Lines mean nothing...until price falls below trend-lineBumping along top trend line is great, until price falls to lower trend line.by bryonss2
DIA-Preps to breakdownThe DOW (DIA) is showing extreme signs of breakdown below the 50dma. Notice the historical movements and now the volatility of the moves. Huge difference. What is not said can be found in the recent annual Treasury report and confirmed at the FRED (Federal Reserve Economic Data website. 1) The US government operated to the tune of 1.7 trillion dollars overbudget. 2) Total US Debt including unfunded Liabilities now exceeds 70 Trillion dollars. 3) Every US citizen from the date of birth to death in 2016 has an implied responsibility to US debt at the rate of $232K per person. www.fiscal.treasury.gov(Final).pdf 4) FRED data showed on Jan 3 2018 that the historical interbank lending went to near $0.00 and the FRED has discontinued this report that has been tracking this indicator since 1973. 5) In other words banks are no longer loaning to each other because there is a lost faith that banks loans are solvent. 6) I believe a retracement to structure will occur to the level of 18300 in the next 6 months. fred.stlouisfed.org 7) My assessment is based on current conditions of USA all assets. 8) Globally, the market correction caused 242 trillion dollars to leave the market and there is not any clear indication that any asset classes are recovering. 9) There may be increases in numismatic gold purchases according to my resources. 7) Overall MACD is signaling short 8) I am short the DOW Jun 18K 2018 puts as insurance on my portfolio. Shortby ramonbenavides12Updated 1
H & S DJIA DOW WAITING FOR A "W" BEFORE LONGING THE WINNERSDON'T PLAY WITH FIRE GOING LONG RIGHT NOW.by lightningfreek1
The Dow JonesRetest of yellow resistance. Failure to break creates a double top, straight into the dumpster you go. Shortby TheGrinch113
Indicee Overview with the IchimokuI quickly look at the risk potential going into tomorrow markets. I am 98% Cash with a small position in CVX calls. I am also not trading tomorrow. I see lots of potential downside risk.Short07:39by GUMBY9662C223
DIA 5 minDIA testing todays high. break that and 252.31 next target. Break that and open until 259.5 Break down and lower trendline in play. by jmilUpdated 1