Dow_Jones_Maestro

Dow_Jones_Maestro

8:15 am ADP employment report Aug. 300,000 N/A 9:45 am Chicago manufacturing PMI Aug. 52.0 52.1

Dow_Jones_Maestro

Today price is still in this bear channel after the huge sell off. Price is trying to creep up to a higher spot in order to sell off and continue another leg of selling. Price is under both the 200 and the 20 moving averages. We are coming up on a narrow state. Either price is going to range today or sell off.

Dow_Jones_Maestro

Looking for a bullish bias for the day as we are still in an uptrend.

Dow_Jones_Maestro

I am looking for a long idea off support for a move back higher

Dow_Jones_Maestro

I expect a third push to the high before a breakdown and chop around the 4175 area. We are coming up on an area the market has pivoted from since the beginning of the year. IF for some reason we break through the down trend line then I will be looking for a pullback to retest the backside of the trend line for a Long. That will signify that this bear market is...

Dow_Jones_Maestro

Are we going to continue this bearish trend now or work our way back up to a higher level?

Dow_Jones_Maestro

The first week of August Template could be bearish or bullish. The first day of the month saw us trading up near the top of the channel and are currently in a retracement. If we are to continue bullish in this up channel, then we need to break this counter trend line. If we fail bearish and break the up channel, then look for a red week. The trend is still bullish...

Dow_Jones_Maestro

Everything in Today's session has been measured and planned before the bell opened. Everything is set up for specific moves. This is something I am fascinated by after just studying Today's Session.

Dow_Jones_Maestro Updated 

Here is the close up of the 15' Chart from my earlier post. I have no idea in which direction it could go as both have viable options. I myself am leaning towards the downside but will trade what I see.

Dow_Jones_Maestro Updated 

I am looking for a double top entry off the downtrend line to a potential target of at least 4300. I believe this downtrend will continue until at least June or July.

Dow_Jones_Maestro Updated 

I am making a reasonable prediction of the month of July. I believe it will be a bullish month with the objective to retest the prior highs. I believe the market is pumping up and getting ready for another huge sell off down to at least 2500-3000 area. Of course, I most likely am wrong but to me this is what seems logical. Remember, manage your Risk and Manage...

Dow_Jones_Maestro

Today's news is about Personal Spending and the Earnings before the market open is of the Financial and Energy Sectors. I have a feeling today will be a red day but will trade what I see, as I have a bullish scenario as well. Companies Include: AbbVie Allegiance Bancshares Alliance Bernstein AstraZeneca Procter and Gamble Exxon Mobil Phillips 66 Chevron Sony

Dow_Jones_Maestro

ES is still in its Bullish Trend Structure as 3950 has not been violated as of yet. I believe we have a reasonable chance at retesting 4000 some time next week. ES loves to retest highs and lows. What we do once at 4000 is only two possibilities, to break out, pullback and continue. To retest the highs and fail. I believe we have a reasonable chance at finishing...

Dow_Jones_Maestro Updated 

On the brink of another continuation after this pullback. Only if bulls can take control. If closes below EMA then they have failed and price is going back down. I don't see that happening because price has been in a range and is making its way back up to 4000.

Dow_Jones_Maestro Updated 

Looking for a Bear Channel Continuation possibly at the end of the London Session and the Start of the NY session for the measured move back down to 3775

Dow_Jones_Maestro

Here is the last 3 years and what I believe is the most reasonable course of action for the ES. 3200 is the next level of Major Support. We have been in a correction since the high of the year. January 1st was literally the high of the year. If you take the weekly head and shoulder's neckline at 4150 and project it downward you arrive at 3500 which is the 0.5 fib...

Dow_Jones_Maestro

How will the last two days play out for the week? We had a crazy 100 pt. spike down into 3750 in less than 2 minutes. CPI year over year is at a 9.1% year over year increase. This recession is just starting, and we are in for another 2008. Recovery will not start until a new administration is in office 2024.

Dow_Jones_Maestro Updated 

I am waiting patiently for a continuation of the trend trade for the month of July. With 100-point profit potential using a 25-point stop. 1 ES Contract is $5,000.00 USD potential. 1 MES is $500.00. Risk will be roughly $1,250.00 per 1 ES $125.00 per 1 MES Remember risk comes first and foremost before potential profits My...