D07 trade ideas
The Upward Trend of Dow Jones Industrial Average Stock Analysis.The Dow Jones Industrial Average stock has faced a rise by 1.25 points; as a result of the appearance of the continuation pattern of the ascending triangle and the positive data about the ISM Manufacturing PMI released by the Institute of Supply Management which shows an increase than the expected data by 60.4 points. Therefore, the stock is expected to continue in rising till it breaches the resistance line 359.52, on the contrary, if the stock faced a decline it may break the first support line 358.28 to reach the second support line 357 then the third support line 355.68
DIA 11/1 Analysis 5HR Bullish Hammer Formed EOD Friday Right At The Top Of The Wedge. Most TF’s Stochastic Leaning Bullish. In A Squeeze On 5HR - 2HR TF.
DIA 11/1 Analysis 5HR Bullish Hammer Formed EOD Friday Right At The Top Of The Wedge. Most TF’s Stochastic Leaning Bullish. In A Squeeze On 5HR - 2HR TF.
something to considerHello Everyone :)
something i have been looking into is a very significant relationship in closing price movement from now to the inverse of 1931. 90 years. 1931^-1+90 year cycle.
what i mean is if you flip 1931 upside down you will get a chart of 2021. my current analysis shows a 90%+ correlation.
some dates to watch
11/02 = 60 degrees from 9/02 top. (potential short term top)
11/05 = 3 days later (potential short term bottom)
12/13 = 90 weeks since march 23 bottom. very important for trend reversal
07/2022 = 120 weeks from march 23 bottom. very very very important - we will get to more about this later. (my current thinking that this might be the major top of the current bull campaign. yes very far away, and yes many bears to capitulated and trillions flooding the market). there are multiple reasons for this mathmatically too, but we will cross that bridge if and when we get there.
as for my current positions to establish bias:
crude corn wheat.
DIA 10/25 Analysis 2-4 HR Stochastic Shifting Bearish. Weekly Stochastic Bullish. 10/18 5HR EMA Bullish Cross. 50EMA Crossed Above 100/200EMA. Potential Head & Shoulders Pattern Being Formed, Invalidated If We Stay Above 355.35. Something To Keep In Mind: We Have Two Large Gap Downs To Fill, Between 350.25 - 349.10 & 346.50 - 346.
DIA 10/18 AnalysisWeekly Recap: Rejected The 349.50 Supply As Expected & Made A Double Top. Filled It's Downward Gap. Respected 341 & Found New Support Creating A Higher Low. Ran 12 Points The Rest Of The Week, Breaking Out Of The Daily Wedge. Creating Two Large Gaps (350.90 - 349.10 & 346.50 - 344.45) Ended The Week At A Key Weekly Level Of 353. We Still Have A Gap Up To Fill At 353.60.
DIA (dow jones etf) - Support, Resistance, Trend - October 2021Dow Jones Index ETF has been in a daily downtrend since September 2021.
DIA price is currently above trendline resistance.
-Bullish scenario: price breaks and holds above $350 to $354.
-Bearish scenario: price falls below $344 to $338.
Resistance(s): $350, $352, $354, $355, $357, $359.
Support(s): $346, $344, $339, $335, $333, $331.
Q3 2021 earnings season is starting, and will likely be the catalyst for price volatility this month.
The Unemployment Benefits' Impact on the Dow Jones.The Dow Jones Industrial Average stock has faced a rise by 2.71 points; as a result of the appearance of 2 bullish candlesticks and the positive data about the unemployment benefits released by the United States Department of Labor. Therefore, the stock is expected to continue in rising till it breaches the resistance line 350.41, on the contrary, if the stock faced a decline it may break the first support line 348.23 to reach the second support line 346.83 then the third support line 345.32
DIA (Dow Jones Index ETF) - Support, Resistance, Trend -09/05/21DIA (Dow Jones Index ETF) has been uptrending in 2021, on daily and weekly charts.
However, price is currently consolidating between $352.18 and $355.83.
Bullish scenario:
-DIA price breaks up above resistance to establish a higher-high.
-Resistance levels: $355.83, $358.07, $361.59.
Bearish scenario:
-DIA price pulls back down to test support levels below.
-Support levels: $352.14, $348.46, $346.17.
Note: To maintain a weekly uptrend, DIA price needs to close and hold above $346.17.
dreamed it in a dream
just a heads up....
july 15, 2022 will be one of the biggest trade opportunities of our lifetime.
i will elaborate more once we get closer.
i know i know... it is very very far away. but the geometry and math that i use gives me trades sometimes years in advance... a great deal of patience is needed to play the game like i play it.
Ecclesiastes 3
3 To every thing there is a season, and a time to every purpose under the heaven:
2 A time to be born, and a time to die; a time to plant, and a time to pluck up that which is planted;
3 A time to kill, and a time to heal; a time to break down, and a time to build up;
4 A time to weep, and a time to laugh; a time to mourn, and a time to dance;
5 A time to cast away stones, and a time to gather stones together; a time to embrace, and a time to refrain from embracing;
6 A time to get, and a time to lose; a time to keep, and a time to cast away;
7 A time to rend, and a time to sew; a time to keep silence, and a time to speak;
8 A time to love, and a time to hate; a time of war, and a time of peace.
Two Expected Scenarios for the Dow Jones Industrial Average.The Dow Jones Industrial Average stock faced a rise by 5.63 points; as a result of positive data on the monthly core PCE price index released by the US Bureau of Economic Analysis and the manufacturing PMI released by ISM from the Institute for Supply Management. However, according to the reversal pattern of the double bottom the stock has achieved its expected points of profit. Therefore, if a confirmatory selling candle appears, the stock will decline to break the first support line 342.71 and meet the second support line 342.43 and then the third support line 339.44, on the other hand, if the stock continues to rise, it'll breach the first resistance line 343.93 to meet the second resistance line 345.71 and then the third resistance line 348.7
Dow Jones Index - Bearish Forcast The market looks weak in the daily chart,
(Sep 27) a spinning top shows a change in direction following by the confirmation with the large red candle (Sep 28) is probably getting the buyers afraid to continue in the market.
It is not every day you see a MA 100 getting crossed in that manner, I will be looking to red candles at the market opening and be ready with a sell order at the levels shown, with Stop at the previous high.
Consumer Confidence Index's Effect on Dow Jones' Stock.Today, Dow Jones Industrial Average stock has fallen by 4.63 points because of passive data issued by The Conference Board about the consumer confidence index, which was less than the expected data by 5.9 points. This negative data is due to the increased risks of the epidemic that led to a lack of consumer interest in luxurious household goods. Therefore, it's possible for the trend to decline, to break the first support line 342.81 to reach the second support line 338.98, then the third support line 336.5, and on the other hand, if the stock rebounds later, it could rise to breach the first resistance line 347.45 to reach the second resistance line 349.2 and then the third resistance line 350.42
DIA Large Caps Shifting from Breakout to Range Bound MarketDIA Large Caps Shifting from Breakout to Range Bound Market
We are currently seeing the large caps starting to trade in a 6% range at the moment and could continue to see this as they consolidate the gains they have had so far this year
9/20 DIA(1) 340 (pink, anchored VWAP) is critical support
(2) although DJI has achieved 10%+ in 2021, it has been consolidating since May with slight move.
(3) appeal to my interests which I would focus on jets and BA, but be aware that would be a long way to go
DIA - DJIA Rising WedgeReally hope the Dow bounces here. Nearest support is $940 away!
SPY and QQQ do have support coming up at least.
DIADIA closed right at the 100 day SMA and it also looks like it just broke down of it's trend line. I will look for support at the support zone. When the price reached the support zone most likely the 200 day SMA would have moved up to the support zone and act as support as well.
DIA Analysis This is my random drawings on DIA in an attempt to understand trends. Please let me know your thoughts and how I could improve. Thank you!!!
Rising WedgePrice is sitting on bottom trendline of a bearish rising wedge. This pattern is not valid unless the bottom trendline is broken. If the bottom trendline is broken, price will usually find a level of support within the wedge. A strong security may not fall far before a support level is found. This can be a very long term pattern.
The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. In contrast to symmetrical triangles, which have no definitive slope and no bullish or bearish bias, rising wedges definitely slope up and have a bearish bias. As a continuation pattern, the rising wedge will still slope up, but the slope will be against the prevailing downtrend. As a reversal pattern, the rising wedge will slope up and with the prevailing trend. Regardless of the type (reversal or continuation), rising wedges are bearish.
The upper resistance line and lower support line converge as the pattern matures. The advances from the reaction lows (lower support line) become shorter and shorter, which makes the rallies unconvincing. This creates an upper resistance line that fails to keep pace with the slope of the lower support line and indicates a supply overhang as prices increase.
No recommendation
timing is everythingi have mentioned a couple times throughout the year that the 4Q is where i expect things to get interesting. i think we are close at bay. one just possible date is sept 2. which would be 360 degrees from the last major sell off.
trade safely and i hope you enjoyed the gains of the bull market. i dont think anyone expected it to bring in so much exuberance.
money can be moved to more inflation based security plays like gold, or corn. some even like bitcoin. i am not all that fond of it.
this is not trading advice. just my personal opinion about what is about to happen from extensive time i devote everyday to charts. i have been wrong before and i will be wrong again. the market has humbled me enough. set stop losses always.
DIA touch of the 50 MAWe had a touch of the 50MA today at the opening today and are positive (for the day only). I am waiting for a close today for any following decision.
DOW THEORY SELL IN PLACE Chart posted shows the Non Confirmation . SIGNAL IS FORMED for A SELL SIGNAL it will remain unless djt can takeout old
