Dow_Jones_Maestro

Dow_Jones_Maestro Updated 

Based on market structure, I am looking for a bullish weekly template with a pullback into support for the continuation of the trend. I am looking for at least a 1 times range expansion of last week's range. Thursday and Friday broke out. Friday closed as a breakout with Longs now in the market. Monday is a buy low continuation and the opening range for the...

Dow_Jones_Maestro

Looking back at April CPI, today is doing exactly what it did April 9th before the CPI. The exact same pattern. Friday, a sell off day Monday, all day of rise Tuesday, a sell off followed by a rally back up CPI, a slow pullback into the previous day's highs, followed by a dump taking out Monday's low

Dow_Jones_Maestro

I am bullish on this CPI and FOMC up to the 43,000 area as the top is not in place yet. How I came to this conclusion: First, take the high and low of Oct low 22' and Jan High 22', mark the 0.5 range expansion. Second, the Oct 23' low bounced off the golden pocket of above range. Third, take the "projected" high of 25' and the low of Jan 22' high breakout...

Dow_Jones_Maestro

Lower Highs and Lower Lows Look for Sell Highs 75 tick stops 220 tick targets + Minimum 3:1 Possible next sell high and lower high is the bottom of Tuesday's Low of 40,850 Friday NFP closed at extreme lows and formed the lower low.

Dow_Jones_Maestro

Over the past month, I have been getting stopped out left and right using the same 50 tick stops I was using in June and July. After 4 weeks of getting beat up, I just realized that it was because my stop losses have been way too small. I was always wondering why I would get stopped out by a few ticks and then the market would go in my favor, without me. I was not...

Dow_Jones_Maestro

If this uptrend is to continue, this higher low that was formed today needs to hold. I don't believe a top is in yet, not until 42,000 area. I believe NFP will be bullish.

Dow_Jones_Maestro

After a rough August, I will proceed to take it slow. I was a bit aggressive and took a lot of unnecessary losses. I still ended the month +2R using my 3.5 to 1 risk to rewards. I will use the 4-hour trend structure and support levels to then go to the 15 minute for entry to buy pullbacks into support. The trend at the moment is Bullish and I will keep playing...

Dow_Jones_Maestro

I was just studying my charts and I just happened to see this pattern jump out at me regarding 2000-2008 that looks so very similar to today. If this pattern is indeed going to play out for a 40% crash then I need to sell all my Long portfolio ASAP. I do not want to get caught in this Compare 2008 below to today Both have a 16 degree rising wedge...

Dow_Jones_Maestro

The infamous "Florida" Trade is possibly setting up and I will monitor it and possibly enter a limit order just under the open. The Florida trade is extreme selling and does not get above the open all day. There is two ways to enter. A limit just under the open and the trend continuation down below. Every Florida trade closes at the extreme low. I don't...

Dow_Jones_Maestro

Going over VIX, every spike has called the bottoms and every bullish engulfing at the bottoms has called the tops Because we now have experienced both a bearish engulfing on the Daily chart on Dow in conjunction with a bullish engulfing on VIX, I believe the top is in. Further evidence is the gap on VIX daily that needs to be filled. Once VIX spikes and...

Dow_Jones_Maestro

The blue bar pattern is the November 2023 chart superimposed on where we are at now in the seasonality cycle. If this is to play out again, then I will expect a brutal chop coming up when it just grinds higher Below is the November 2023 chart This is the chop that I am not looking forward to, I am going to have to be extra cautious

Dow_Jones_Maestro

I was not paying attention to Friday and so missed this entry Long using the close of this pin hammer bar on the 2 Hour. I will set a limit order for that price and hope price can retrace back into it. I may have missed the trade. On my 2 Hour Swing trading strategy, I use 150 tick stops and 525 tick targets set in stone for a 3.5 to 1 risk to reward. Limit...

Dow_Jones_Maestro Updated 

I see a well-defined bull channel, albeit very choppy and rangey. I believe the market will try to build a bigger Long position in this upcoming range before the explosive move higher to 42,000. On the Daily, you can see the support from August 13th's high and August 14th's low. The gap left behind from August 15th will likely get filled once price retraces back...

Dow_Jones_Maestro

Price is still in the trending phase on the 4 hour with the most recent fat engulfing bar being major support. The highs of that candle will be major support. I will be looking for buys all week, everyday. I do not see any pullback happening this week with all this buying strength. The blue line is this week's open price The green line is the support from the...

Dow_Jones_Maestro

After that little fake out above 41,000 and the sell off back to 38,000 on Futures, it made me question the validity of the bull move that I had mapped out. Now I am firmly convinced that what I had planned was what was happening all along. I realized that I can't hold this move with Futures as it is too volatile in my portfolio. 1 MYM Futures = $1100 margin 1...

Dow_Jones_Maestro

I will be looking for a buy low in the yellow demand box from yesterday's demand. Down near 40,500 area for the range day back up to the blue line of today's open. I will be using 50 tick stops and 135 tick targets for a 2.7 to 1 as I have been seeing great success with this setup. I am already up 18% for August so far. I just need $150 more to pass another...

Dow_Jones_Maestro

2024 is shaping up to be a range bound year. I am not going to try to analyze what will happen years from now. I am taking it year by year. The last time we had a Doji candle year was in 2015. It even had the same increased volatility and sell off in August. If I see that little double bottom again, I am going long back up into the top of the range. It seems like...

Dow_Jones_Maestro

Any violence into the 200sma and the subsequent small bounce is 100% shortable after the elimination of the green's body. In this case, 4250. Sell limit order under that body low at 4245 Target the low of the range or 4850 Violence into the 200sma is NOT a buyable event and WILL roll over in a dead cat bounce. All the dashed lines below are pivot lows where...