Dow_Jones_Maestro

Dow_Jones_Maestro Updated 

I have taken an anticipation entry at 4563.75 on the hourly RTH chart using the pattern of a bearish rising wedge in a down channel and the three-push pattern at the top of the wedge. I am using ATR indicator as well to anticipate a breakout and increased volatility. Volatility expands on a down move. Notice the bullish falling wedge on the ATR signaling a...

Dow_Jones_Maestro Updated 

I am expecting this spike and channel to fail any day now as it is falsely breaking out of the top of the channel. Failure of this pattern will put price back inside the down channel. I am also expecting a substantial move down to 4400 for a false move in a bear flag under the hourly 200sma. I am then expecting a sharp rally that coincides with the Santa Rally...

Dow_Jones_Maestro Updated 

In this uptrend on the daily chart, price is in a complex flag pattern consolidation. I believe it is about half way through with another leg down to complete the measured move. The evidence that leads me to believe that this parabolic run up the last few weeks is false is 1. Parabolic run up to stop hunt the shorts that got it right 2. Sucker in more longs 3....

Dow_Jones_Maestro Updated 

Market structure dictates that we are in a stage 3 downtrend, or the mark down phase. I sold all of my shares of SPY and am sitting on cash waiting for this false fake rally to sizzle out and continue the downtrend back down to the middle of the first accumulation zone of 3950. I will continue to buy in the new accumulated zone around February and March 2024...

Dow_Jones_Maestro

I believe we are at the C portion and will not get fooled by this short term rally. I am expecting another leg down to D to close out the remainder of the year and the first quarter of next year. I believe D area just slightly under the rising weekly 200sma will be PRIME buying for the, in my opinion, the final leg up in this bear flag channel to either 37000 or...

Dow_Jones_Maestro

Today is Tuesday and currently as I see it in the charts, price is in a bullish trend. I will not fight the trend and think what SHOULD happen, but will just trade what the chart says. I see higher prices in the future and so will take buys as I see them. One of my main problems is a trader is escaping the NOW and projecting what I THINK will happen instead of...

Dow_Jones_Maestro Updated 

I am making this post to test my ability to plan ahead using the weekly templates and extrapolating the two moving averages, the 20sma and the 200sma. I will check back end of Friday to see my accuracy

Dow_Jones_Maestro Updated 

Price is behaving exactly as it should in regards to being in a bullish up trend. I am looking at a Complex sideways range where price will be up and down in this box until I believe June 2024 where the low will be put in place for the march up to SPY $520 at the top. To me it looks like the Beginning of the year of 2024 will be the short term top and it will...

Dow_Jones_Maestro Updated 

Using the Log chart of the SPX, I can see that SPX has been in a constant bull trend channel since its inception. There has only been three pullbacks/consolidations in its entirety. Using the price and date tool I can see that each drive out of the consolidation lasts about 25 years roughly and produces a 500-1000% gain roughly. Based on this data, since the...

Dow_Jones_Maestro

I would like to say that I was dead wrong on my last post, and I sold my SPY shares for a loss. It is ok to be wrong. It is not ok to stay wrong. I am still learning and improving on how to see market structure and trends. Trading is very difficult, and I will be the first to tell you, I am wrong about 50% of the time. It looks like price bumped its head up...

Dow_Jones_Maestro Updated 

I have laid out my plan of action on the SPY. I am expecting a bunch of sideways chop until June 2024 before the next leg of the measured move. Once the measured move is hit at 520 then the complete sell off down to 320 will ensue for a 200 point drop. I am basing my entire analysis on my previous analysis below using 1967 as my guide. They are not going 100%...

Dow_Jones_Maestro Updated 

I am expecting the market to hit the gap resistance one final time before the big crack through blowing through for a massive short squeeze. Thursday the 19th, right at 09:30am market open for the rip. Probably the safest entry point is on the falling wedge with the bull 180 engulfment, closing back inside of the 21ema. Target is just shy of the other prior gap...

Dow_Jones_Maestro Updated 

I am expecting a very complex consolidation pattern to confuse both sides. I am looking for a falling wedge type pattern to pullback to the green line which lines up with countless confluence of support (Rising weekly 200sma, bottom of trend channel, Prior resistance turn support, deep move under a flat 200sma, falling wedge bottom) I will be sitting out of the...

Dow_Jones_Maestro Updated 

If this Multi Month Pullback is to stay in the top 50% then one should expect new highs. I believe the bottom should be in place and now starting its bullish movement higher. I am expecting a pullback prior to the break of the Bull Flag. Remember, we are still under the 1 Hour 200sma. I am a firm believer still that we should see continued bullishness all the...

Dow_Jones_Maestro Updated 

If the rising 21ema can act as support and price stays above the 50% level then I will expect higher prices.

Dow_Jones_Maestro Updated 

I am looking for sells today to pullback into minor price support and at the 200sma which coincides with 4300. I am not looking for more buys way up here. Today could also be a choppy range day up high. I am basing my analysis on Friday March 17th

Dow_Jones_Maestro Updated 

October 2nd Major Rally October 3rd Major Sell Off October 6th Major Rally These three days can entirely make your month's returns of over 40 points each day. 120 points easily attainable I will come back to this post and hit replay to see how accurate I am getting at market structure. This is what I see happening. Like and comment below. I would love to...

Dow_Jones_Maestro Updated 

I am still trying to master market structure but what I am seeing is a pullback off the top of the daily up channel into a flag consolidation. Price just sold off on the second push down. If correct, then we can see some sort of rally back up to the top of the flag channel for the third push down. I will admit that I am wrong about 50% of the time so take this...