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D07 trade ideas

Dow Jones ETF ($DIA) Nears Resistance! Can Bulls Push Higher?Technical Analysis Overview: 1-Hour Chart: * Trend: DIA has broken out of a descending wedge pattern and is approaching resistance near $433. * Indicators: * MACD: Bullish momentum is weakening, with the histogram contracting. * Stochastic RSI: Overbought, indicating a possible short-term pullback or consolidation. 30-Minute Chart: * Price Action: * DIA is trading near $433, a key resistance level, with support around $427. * The breakout from consolidation has been supported by increasing volume. Key Levels to Watch: Support Levels: * $427: Immediate support zone, also the HVL (highest volume level). * $424: Strong PUT support level (-4.92% GEX). * $419: Major support aligned with the 3rd PUT Wall. Resistance Levels: * $433: Immediate resistance, coinciding with the highest positive NETGEX level. * $437: Next resistance zone (GEX7). * $440: Major resistance aligning with the 3rd CALL Wall. GEX Insights: Key Gamma Levels: * Positive Gamma Walls (Resistance): * $433: Key resistance and the highest positive NETGEX. * $437: 55.86% GEX (2nd CALL Wall). * $440: 39.89% GEX (3rd CALL Wall). * Negative Gamma Levels (Support): * $427: Immediate support zone (-23.78% GEX). * $424: Strong PUT Wall (-4.92% GEX). * $419: Significant support level (-3.33% GEX). Options Metrics: * IVR: 22.6, reflecting low implied volatility. * IVx: 14.5, well below average, indicating muted price fluctuations. * Call/Put Bias: Puts dominate at 29.2%, indicating mixed sentiment. Trade Scenarios: Bullish Scenario: * Entry: Above $433 with volume confirmation. * Target: $437-$440. * Stop-Loss: Below $427 to limit risk. Bearish Scenario: * Entry: Rejection at $433 or breakdown below $427. * Target: $424-$419. * Stop-Loss: Above $437 to control losses. Directional Bias: * DIA’s breakout above the descending wedge indicates bullish potential. However, the overbought Stochastic RSI suggests caution near $433 resistance. A confirmed breakout could lead to $437-$440, while a rejection may pull prices back to $427 or lower. Conclusion: DIA is at a critical resistance level near $433. Traders should monitor volume and momentum for a breakout or rejection. The gamma landscape supports further upside if $433 is cleared, but a failure to hold could lead to a retest of $427-$424.
AMEX:DIA
by BullBearInsights
(GET READY). DIA is right above the 50DMA for FOMCDIA has had a solid sell off ever since we made new all-time highs on December 4 look at that 35 EMA (the red line) We’ve been trading underneath at the entire time and right now as I’m posting this about an hour and a half before FOMC we’re sitting right at that level. It is a critical level. We’re also sitting right on top of the 50 day moving average and then on the Green side of the weeks trading range we have the one hour 200 moving average and the 30 minute to removing average so you should know all of those levels. You should have them on your chart and the top of the implied move is 445 on the lower side It’s 432. GL
AMEX:DIA
by SPYder_QQQueen_Trading
DIA should go up until the beginning of December...I am using the Heikin Ashi candlesticks as they show more of a directional movement thru the charts. Typically, you should wait until there are 2 green Heikin Ashi green candlesticks before entering. The typical uptrend of the DIA has been about 10-12 days. The typical move of the DIA has been about a 25 pt move per month which is about 454. The target of the 1.618 Fibonacci is 453. And typically the DIA has moved about 10 to 12 days up which would be about Dec 9th as a target. Even though you do not see the daily indicators shifting, if you look at the 6 hour charts, you can see the Stoch RSI moving upward, but the MacD and the DMI are not indicating a move upward just yet. And typically, I would like to see 2 green Heikin Ashi DAILY candlesticks before entering the market. The DIA will move upward until about Nov. 26 then it will trade sideways around the US Thanksgiving before it keeps moving upward until around Dec. 9th. The FED meeting is on Dec 17-18th with the meeting associated with a summary of economic projections. I suspect this will be slightly negative as there will be a downward movement around that time until Christmas. As I have said in my previous charts, I find the 5 minute indicators show what will happen in the next half hour, the 10 minute indicators show what will happen in the next hour, the half hour indicators show what will happen in the daily charts and the hour indicators will show what will happen over the next few days. (My opinion, not fact) I trade simple ... if I can't see the trade in a few simple steps, then this is not the trade for me. Also, I explain my trades in more detail for me, not for you. Repetition is the key for me. If I repeat it over enough in my head, it will more likely stick. Happy Trading everyone!!! :-)
AMEX:DIALong
by Princessgirl
Which side would you bet on???The market may be experiencing or expecting a seasonal stock market rally around the holiday season, often called the "Santa Claus rally." The image shows a potential "Island Top" pattern, where the market temporarily breaks above a trading range before reversing back down. This could suggest a pullback or correction is possible after the current rally. The chart doesn't provide a clear directional signal for which side to bet on. It depends on one's market outlook and risk tolerance. A cautious approach may be to wait for confirmation of the market direction before taking a strong position. An aggressive approach would be the Option Strangle strategy..! But which contracts? write your suggestion in the comments! *A strangle option strategy involves buying both a call option and a put option on the same underlying asset, with the same expiration date but different strike prices. The goal is to profit from a large move in the underlying asset price, regardless of the direction. The key points are: - Buy a call option and a put option on the same asset - Same expiration date, different strike prices - Profit from a significant price move in either direction The strategy allows the trader to profit from volatility without needing to correctly predict the direction of the price move. The risk is the premium paid for both options.
AMEX:DIAEducation
by Moshkelgosha
DIA will go up after the election .... regardless of who wins.Like the title suggests, the DIA will go up after the election, regardless of who wins. I do NOT trade based on events, I trade on what I see in the charts. I just started to use the Heikin Ashi candlesticks on my charts as I find they can show a definite trend direction just with the candlesticks themselves. Typically, you are supposed to wait until there are 2 green Heikin Ashi candlesticks before entering the market. (I am still learning about the Heikin Ashi Candlesticks.) If you look at the indicators on the daily chart, specifically the DMI, Stochastic RSI, and the MacD, you can see that they are starting to shift to indicate a bullish move. Typically, I used the half hour, the hourly and the four-hour chart indicators to confirm that this is indeed a bullish move. As long as all of those indicators align to confirm a trend, then I am in. I find the 5 minute indicators show what will happen in the next half hour, the 10 minute indicators show what will happen in the next hour, the half hour indicators show what will happen in the daily charts and the hour indicators will show what will happen over the next few days. (My opinion, not fact) Typically, the moves in the DIA in the previous months have been about 25 pts to 30 pts which will give a target of about 442. Coincidentally, this is a fibonacci number of 1.618. I use the fibonacci numbers as a loose target or an approximation of a target.The DIA should hit this target around November 25th, just before US Thanksgiving. The move in the previous months lasted approximately 14 days. It may move up slightly after Thanksgiving as the move has typically extended to 30 points. I trade simple ... if I can't see the trade in a few simple steps, then this is not the trade for me. Also, I explain my trades in more detail for me, not for you. Repetition is the key for me. If I repeat it over enough in my head, it will more likely stick. Happy Trading everyone!!! :-)
AMEX:DIALong
by Princessgirl
$DIA Analysis, Key Levels & Targets for Day Traders. The implied move for the week for DIA is 434 to 447. The 35 EMA is just underneath us and we’re due to meet back with that level and see what technical look like once we do. We are currently being propped up by the momentum of that up gap underneath the implied move for the week but if we close near the bottom of the trading range near 434, then I would be looking into that election gap because there is a gap with a bottom around 427 the gap that needs to be Filled. My opinion – I think we’re at the top of the week right here .
AMEX:DIAShort
by SPYder_QQQueen_Trading
DIA is going up in October ...I suspect the DIA will start to go up in October. The 4 hour, 5 hour and 6 hour indicators have already indicated a move up. So the 7 hour and daily indicators will follow shortly. If you look at the 7 hour Directional Movement Indicator, you can see that the +DI is just turning and it is looking like a move up. I just started to use the Heikin-Ashi candlesticks as I find they show more of a definite direction on the chart itself. But I am still learning about this. :-) But you can see on the chart how you can see a definite direction on the chart itself. The Heikin-Ashi candlesticks are fascinating. I am trying to learn more about them. I use the MacD, DMI and the Stochastic RSI as my indicators, currently. I am using the fibonacci tool to give me a general idea for a target. But I am not using it correctly. The DIA has typically been moving between 25 - 30 points per move up so I am anticipating a move to 438. I anticipate it will move up until Oct. 20th - 22nd, then trade sideways before the election. After the election, regardless of who wins we will see the market go up. We are also in the 5th wave of the Elliot wave, so it's not surprising we will move up. I realize this is similar to my post about the SPY but I just thought I would try the DIA. I may expand my horizons looking at a different symbol! Happy Trading Everyone!
AMEX:DIALong
by Princessgirl
$DIA Analysis, Key Levels & Targets for 10.24.24OK, so the bottom of the implied move for the week and the top of the implied move for the day overlap with a bear gap. That is a very interesting signal and something that I have never seen before. So, getting back into the implied move for the week could be a challenge, which is above 427. Without being sad, the implied move for today is between 420 and 430. To the upside, we have the 30-minute average, and right above that, the 35 EMA. Those two levels need to be watched carefully because they will determine direction. If that 35 EMA (the red line) crosses underneath the 30-minute moving average, then we are bearish after a pretty good run. But, we can, of course, bounce here. When I say bounce, I am talking about the 35 EMA, but where futures stand right now, a crossover underneath is more likely at this point. And at the very top of the implied move today, right there at the bottom of the implied move for the week, is that bear gap that we made yesterday. We bear-gapped and dropped away from the 35 EMA; that is 430 on the high side, 427 on the low side. And then underneath us is that one-hour moving average, which did catch us almost to the penny yesterday. Below that, 420 is the bottom of the implied move if we do break that one-hour moving average with conviction. It does look like we lost our 427 support that we made after PPI earlier in the month. Let me know what you guys think and GL.
AMEX:DIA
by SPYder_QQQueen_Trading