DIA - 22.6.2020- WHAT COULD WE EXPECT OF.. Hi, traders.
My name is Lukas and I am a beginner in trading, respectively, I only trade 9 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest.
Short description of analysis:
We are getting out of the average local volume profile values, so be aware and expect input at $ 250. Of course, this must be confirmed by the volatility index. Keep in mind important fundamentals.Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.
DIA trade ideas
$DIA SECOND WAVE - The COLLAPSE... (BEARISH!)Team,
* TAKE AWAY FROM POST: We're expecting to see
Possible second wave of implosion (DEPENDING ON THE FED'S NEXT MOVE).
Minimum target is 15% in blue.
Welcome back, it's been a while since we last talked, hope all is well.
Let's get right into this, last time we talked we were trying to short the market (SPY around 255$ and got stopped out a little over 260$) and got burned on those trades. Now we're back with another potential shorting point caused by the recent exuberance that I'm sure we've all notice. "A win-win situation, the New Normal, This time it's different", fair enough, this time is indeed different. The FED has come in stronger, faster and bigger than ever before and there is nothing to suggest they won't do the same on this next down turn. To be honest, we've under estimated what the interventions could do and so we'd been struggling trying to understand the current market dynamic with all the Government interventions. It's a learning process, but we will get there eventually. That is why we're only looking a pull back (~15%) for now and will update when things develop some more.
Note: With all the money printing and super low interest rates, it's impossible to not have an inflated market in the next year or two; however, we do believe that there is some significant short term pain before the next legs higher to all time prices.
As always...
***Let's talk about it...***
DOW setting up for long entry Looks like the DOW is setting up for a long entry, there is strong support at 245 where is there a significant gap from a breakout from previous consolidation and the 50dma. Potential inter-day action as low as 237 but expecting daily closes above 50dma. Would be expecting a few tests of this area before reversing, no rush to enter see how it pans out next week.
Bears lost (get over it) the final round.Please do you Due diligence and invest wisely
From my last DIA post I presented the Bears Vs Bull case and pointed out at what level I felt would decide who won the final round. I also pointed out the bull vs bear trap area which played out for many weeks to trap as much bears as possible.
Now I think the market will make new all time highs and every dip in my opinion will be a chance to go long. The fed owns the market and has tipped the scale in favor of the market now the FOMO has begun in retail who will be the ones to push the market to all time highs.
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.
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.
$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