Dow_Jones_Maestro

Dow_Jones_Maestro Updated 

I am looking for a High of Day to be put in place. Then a sell off into the gap support for a pullback. I don't anticipate price to break the low of Wednesday's peak formation low after CPI. I am looking for NY to open lower before the bullish reversal at said level. I am then expecting price to not only take out the high of day but the range high as well...

Dow_Jones_Maestro

Dow Jones is still in a pullback in this downtrend. I am still bearish on Dow Jones until it hits its measured move. I am looking for my strike zone inside of the circle. Market target is 40,625 or the golden line. September 11th is suspended just above this level.

Dow_Jones_Maestro

Just updating my thesis since I can see NFP started another leg down. Still in a 12% correction down to 40,750. Next week I am looking for a slight pullback before another leg down/ dump. Buying in this downtrend is going counter trend. Until we get down to 40,750 and start to see signs of bullish reversals should you then think about going Long. Until the...

Dow_Jones_Maestro Updated 

Looking over the past 15 Non-Farm Payrolls, this one is shaping up to be a stop hunt wicks on both sides. I am not interested in getting chopped up and whipped back and forth. I will sit this one out. To me, it is most likely looking the most like January 2024. My whole point is, I don't know how far it will wick on both sides.

Dow_Jones_Maestro Updated 

Price is still in its Bullish pullback phase up until the peak formation high and the upper 25% of the Range. Price is finding support at the 2025 opening price and the rising trend line. The break in structure signifies higher prices still to come. After the bullish pullback fails and the Bearish Daily trend continues, this range should break to the downside....

Dow_Jones_Maestro

This range that is forming at the beginning of the year is just a bearish pause for the continuation of the down move. Target is the 50% of 2024's range notated in Gold. This will take out September 11th's pin hammer candle's low. Two big clues are the false break at the highs and the FOMC break in structure

Dow_Jones_Maestro Updated 

I will be looking for a low of day buying opportunity at/near the NY session for the first green day setup. I don't know how far down price will go first but after a double bottom at the Low of Day, I will be looking for price to confirm the low of day and close back inside the 20sma. Either Thursday or Friday could present. It all depends on how price behaves...

Dow_Jones_Maestro

I think my last post is incorrect now that I have taken a wider step back. I still believe it is in a wide range but I was able to expand the range down into 40,000 as a more likely bottom of the range. The range I was expecting was too small. The much larger range lines up with yearly ATR. The weekly and daily charts are showing more downside potential and 2025...

Dow_Jones_Maestro

At the present moment, Dow Jones is in a range. This was evident at the start of December with the false break reversal at the high and the trading back down to the other side of the range. I will be giving Dow the benefit of the doubt of being a range until further notice and look for a failed break of the downside for the return back up to the top of the...

Dow_Jones_Maestro Updated 

On the Daily chart, I have marked each month by the vertical blue lines. The purple lines are the monthly opens. I will be looking for the low of Monday the 23rd to be taken and a couple of inside days before the breakout of Thursday's high. The three stacked highs at the end of November/beginning of December are easy targets to be taken. Also, the creeping trend...

Dow_Jones_Maestro

My goal going forward into 2025 is to only trade the Parabolic Trend trades and to master them. They happen roughly 5-8 times per month. Just catching 1 of these per month is all I need. Using 3% risk per one of these setups can deliver 15-20% gains. The universal entry criteria is the 5 minute close back inside the 20sma. The timeframe for entries are either...

Dow_Jones_Maestro

My gameplan going into the new year is to watch for the formation of the topping process into that rising wedge for the 20% correction back down into the monthly uptrend. After December 23' broke out and the whole of 2024, it will pullback to the 50% area of 37,000. This lines up nicely with the Long term Monthly trend and the November 2023 monthly candle....

Dow_Jones_Maestro

This is my updated gameplan inside of this sideways consolidation. I am looking for a run of the lows down into July FOMC level for support. I don't expect price to break this level. Once price gets back down into the bottom of the range and starts buying, the next target will be at the top of the range and the break of the highs as a target.

Dow_Jones_Maestro Updated 

Price is still on its way to mitigate the July FOMC level as I suspected a while back. I just got caught up in the short term and forgot about that prior post I made as a likely target. I was wondering why the July FOMC level hasn't been retested lately as the September FOMC level bounced off. It seems to be repeating the December 23 FOMC level where it makes a...

Dow_Jones_Maestro Updated 

I am positioning myself to take part in the year-end rally and the December 18th FOMC. I can smell another 8% rally coming. I will see how price gets into the support zone and when it starts holding, I will get in. The stacked highs are the target. The triple top over 45,000. I have a feeling the market will close 2024 over the 45,000 level for headlines....

Dow_Jones_Maestro

I made a similar post awhile back detailing how Dow Jones moves and uses FOMC. Now I have a little more update, it is even clearer. The purple highlighter is the FOMC release and the purple line is the price level it was released at. The November FOMC kickstarted the bull trend and since then, price has been defended from prior FOMC levels. Below I will...

Dow_Jones_Maestro

After taking a few losses trying to buy pullbacks, I had to take another step back and reevaluate my analysis. What I am now seeing is that price is mean reverting around November's FOMC level and December's NFP was used as the start of the down move. Every single retracement this year has been roughly 3.5-4%. A 4% retracement will close the gap on the daily...

Dow_Jones_Maestro Updated 

After my last idea did not work, I took a step back and seen what the market was doing. To me, this looks like a basing on the 50% level and a slowing down of price into 44,825 area. I believe NFP will be used as the catalyst to pump prices higher and into the breakout. One full expansion of this triangle is at 45,750. This is a level I found using other...