Dow_Jones_Maestro

Dow_Jones_Maestro Updated 

I am looking for NY open to take prices higher into the gap fill and backtest of the neckline at around 4140 for the 50 point sell into 4080. The safest entry is after the counter trend line break. This is my pre market analysis for day trading the ES.

Dow_Jones_Maestro Updated 

Wednesday, Thursday, and Friday of February formed the head and shoulders pattern. Sunday opened under the neckline. 1 Range expansion of the head and shoulders puts it at 4080, which is the 4 hour demand and to get traders that are still long FOMC Wednesday. 4080 is still a higher low than FOMC's 4050. The target is 2 Full range expansions of the wedge geometric...

Dow_Jones_Maestro Updated 

After the FOMC breakout of the geometric pattern, the range expansion for 2 expansions puts price at the top of the channel and at 4300. Price is now accelerating faster. I am looking for the pullback after the break for the break and retest at 4150.00 I will target 4300. That is 200 points potential profit target. This geometric pattern can also pullback just...

Dow_Jones_Maestro Updated 

In order to keep up with the bull trend, the market needs to form a higher low at the 4100 area and continue higher. I will be looking for a dip buy in that area. Because we are now in the 4 Hour supply zone and have completed the daily ABCD move from the December consolidation I am a bit weary of how much further it will go. In any case, I take all trend trades...

Dow_Jones_Maestro Updated 

As per my post yesterday, things are playing out exactly as planned and I will enter into FOMC bullish and target 4140 Long. Potential 100 Points on the table today. My only concern is getting wicked out. I will place my Buy Limit Order at 4055 and use a 15 Point stop because I do not believe they will go back to 4030. 15 Point risk for 100 Points gain Please...

Dow_Jones_Maestro Updated 

There is a lot to take in regarding the Monthly Chart of ES Futures. I believe we are setting up for the right shoulder and should rally into Monthly supply forming a lower high. The October low was only at the 50% mark. Demand from the ABCD move in 2020 puts the pullback into the Golden Pocket of 50-68%. The ABCD move of the right side of the head and shoulders...

Dow_Jones_Maestro Updated 

Here we have ES Futures in the third level of rise with a possible half batman pattern setting up with congruence of slowing momentum on the MACD. Even though today was a bear trap. Tomorow is a Bull trap. I am anticipating a break of this up channel to retest the lows. We have barely been hovering above the 200 quite weakly in fact. The market does things in...

Dow_Jones_Maestro Updated 

ES Futures are setting up for a similar Bull Trap sell off similar to the year 2000. I see the same Sunglasses type pattern, a setup that I personally have coined. Price breakage of 3900 signals the sell off with 3800 as confirmation. This is the chart of 2000 and below I will reference today. Notice the similarities.

Dow_Jones_Maestro Updated 

We are still stuck inside this Range triangle and this week closed smack dab in the middle again at 390 area. The next 6 Months will be range bound with an anticipated July Break Out to either the upside or downside.

Dow_Jones_Maestro Updated 

NY open on the first hour completed the third peak push up into 25's for the range expansion and 3 levels of fall. Once the jamming up into the high was noticed, there were ample opportunities to enter the market. The safest entry is the break of the creeping up trend channel.

Dow_Jones_Maestro Updated 

PPI comes in in 10 minutes and will be the catalyst to break this triangle. The upside is supply and the downside is demand.

Dow_Jones_Maestro Updated 

I am expecting a High of Day sell/ Bearish Range type of day. The 4 Hour 21ema is starting to curl downward. The last 12 hours of price have been trading under the up channel indicating a possible pullback. Because the NY session moves exactly 50 points daily, I am expecting price to go to support at 3961 for the bearish side. The bull side can see this as a false...

Dow_Jones_Maestro Updated 

I would like to propose a view on the market that I do not see anybody talking about and that is a range bound symmetrical triangle on the daily. Because price is now range bound, I expect price to be choppy and random. Will be harder to determine the direction. I still have a bearish bias and think SPY is headed to 260 minimum. Out of the break out, price can...

Dow_Jones_Maestro Updated 

Is this setting up for a bullish 1 2 3 pattern to take out 4300?

Dow_Jones_Maestro Updated 

Today is Friday the 13th and kicking off with a nice sell off in the market after yesterday's lack luster CPI data. As of now, ES is trying to find support at the 4 Hour's 21ema and the up channel. It is looking like it wants to crack through. I can see a bounce off the open for a continuation down.

Dow_Jones_Maestro Updated 

Here on the weekly chart of the ES I have come up with 2 scenarios that I believe have a high chance of playing out. Both of which involve ES coming down to 2750 area and both of which involve a massive bull run in 2025. Scenario 1 I have a massive sell off to start the year followed by a range bound market down at the covid lows/ major demand/ channel...

Dow_Jones_Maestro Updated 

After two months of Bullish activity, price has just broke out of the major down trend line that has been in place since the correction started back in January. I expect price to use the back side of the trend line for a bounce back into a bull run up to at least 4600.00 Price is almost at the 0.618 Fib retracement. Either this is a breakout with the continuation...

Dow_Jones_Maestro

AAPL is sill in its downward correction phase on the weekly time frame. At bare minimum it has 10% left to fall. Worst case is another 35%. I will be watching how it reacts to these demand zones. Since AAPL is so heavily weighted on the SPY, I have an inclination to say that SPY still will drop more.