Dow_Jones_Maestro

Dow_Jones_Maestro Updated 

I missed the 2 hour breakout at 41,365. If I can get a pullback with the 15 minute chart, I will jump in. My ideal trade will be 41,365 Stop is 180 ticks Target is 550 ticks

Dow_Jones_Maestro

I am going into May with a bearish outlook. I am treating the end of April as a pullback/sideways resting consolidation before the continuation of the move down. This is in my opinion, the halfway mark of the move down. We had the first leg and now the second leg is setting up. Leg two WILL take out all three lows from the prior up move. True support is at the...

Dow_Jones_Maestro

April 2nd, the market tagged the September FOMC by a hair and dumped off. Where did this 6000 tick dump end up stopping? To the 2023 yearly open by a hair. Price has found support at the 2023 yearly open 5 times before the monster rip. Now we are in a range. I am waiting for price to run a high in order to take a sell. So far, this week, price is oscillating...

Dow_Jones_Maestro

The weekly trend is bearish. Price is short term bullish to pullback into bearish resistance. I have marked resistance as the red box. This is the bottom of the two bullish weekly candles that got eliminated. This pullback will accomplish multiple things. First, it will start to shake out people already short and get them to get out while they watch...

Dow_Jones_Maestro

Following this 30% pullback into the 2020 opening price support, this will take out the 2022 lows, find support at the COVID highs and bounce. 60,000 is the measured move from 2020 open to 2024 highs. Expect some resistance there. Price support of 31,000 After further thinking, I don't think price will return to 2018 open as I previously thought. Instead just...

Dow_Jones_Maestro

Don't be suckered into this bear market rally. Price is still bearish and will continue to be so until the 2018 Open price has been hit of 27,500. A clue the market has shown is the bodies of the last three days are suspended above a key level. This is a sign that price will return. When prices find a low at a key level, the bodies are AT the level. Case in...

Dow_Jones_Maestro

The market's goal is to return to the Covid peak formation low, the 2018 yearly open and the middle of the 2018 range. Along the way, all the lows will be taken to achieve this goal. Middle of Range: COVID Peak Formation Low: Returning to 2018 Open: It is very clear to me now that this is the gameplan. I will remain a bear until the 2018 Yearly...

Dow_Jones_Maestro Updated 

I am looking for a false break reversal after no follow through of a bullish bar. I will enter on the close of the bear candle that takes out the high bull. Trend is bearish until 30,000

Dow_Jones_Maestro

I have been proved wrong about being bullish lately. I took a couple L's and had to step back. Using the monthly chart, I have marked in blue lines every year's open. I can see a clear support area at the 2020 yearly open. This will take out the lows of both 2022 and 2023 low. I will be ignoring any bullish bars in anticipation of them getting eliminated. Yes,...

Dow_Jones_Maestro Updated 

I am placing a limit order for a long position at 42,027 in the anticipation of a pullback to support. My stop is 150 ticks ( based on the 115 tick ATR ) and my target is 2.5 risk to reward or 375 ticks. Will I know if this support level will hold? No, and I don't need to. To me, this is a great location, and I am willing to put risk on to find out. I am bullish...

Dow_Jones_Maestro

I am going into April Bullish. I believe this two-legged pullback is over on the Daily. The ATR on the Daily has been a valuable tool to pick the lows. Every time ATR spikes and falls, that is the low. I will be looking for price to slow down and layer into 41,580, form a higher low and start the bullish march back up. The Monthly Chart The Weekly Chart

Dow_Jones_Maestro

The last week of March is shaping up to be a bearish trending weekly cycle. I am looking for peak formation highs to be put in place and a bearish week to follow. A sort of guide I am using is October 12th 2023 March 2025 The weekly chart shows a weak bullish resting bar that I believe will get erased. My bias is still bearish for the remainder...

Dow_Jones_Maestro

Herbert Hoover and Donald Trump are very similar in their policies. Both are Republicans that want to impose high tariffs. I believe the market is seeing past history and are bracing. Looking at the timeline of the 1929 Depression, which Hoover caused due to his tariffs, I am seeing similar action today. I don't know if a wide spread depression will hit again...

Dow_Jones_Maestro

Next week I am going in cautious because it will likely be a bullish counter trend week to pullback into the overall, bearish correction. Wednesday is FOMC. We can also have another week down. Ultimately, this is what I am looking for over the next couple of years.

Dow_Jones_Maestro

I am writing this post to organize my thoughts on ATR and Volatility. I have noticed that there are three different phases of Volatility. Low Medium High Using the 1 period ATR on the Daily chart, the high to low movement indicates what kind of Volatility one can expect. Low Volatility is when, on average, the daily high to low is around 300 ticks...

Dow_Jones_Maestro

Looking over Long term bull trends, this current bull run from 2009 to present day, more resembles the 40's bull run vs the dot com bull run. I placed a red dot where I believe we COULD be in the current bull run if using the 40's run as a guide. If this is to be true, then we can expect a deep pullback into the 32,000's in a giant range, consolidation....

Dow_Jones_Maestro

So far price is setting up for a trend day based on how it is looking. I will wait for a pullback down to the Low of Day and or the Daily open for NY to open. A trend day starts off with NY opening.

Dow_Jones_Maestro

I am making this post for my own improvement of my entries. If this helps anyone else, then that is a plus as well. Entry Type 1: Bearish Engulfments These types of entries are when NY opens and spikes right through the High of day and engulfs a high bull bar. Entry Type 1: Bearish Pullbacks These types of entries are when NY opens after a...