Dow_Jones_Maestro

Dow_Jones_Maestro

I am looking for the next sell off after a slight pullback up into the 39.5k area The ramped volume will be the fuel to take it lower. Last week was a bearish engulfing and will likely see more selling pressure This can be a 10:1 opportunity 100 tick stop 1000 tick target

Dow_Jones_Maestro

The average bull and bear price cycle on the Dow Jones is roughly 20-25 days before it switches back. Roughly 3-6% moves in a direction

Dow_Jones_Maestro Updated 

Going over past bull trends, I believe the current bull trend is in lockstep with the 1945-1966 bull trend. Not the 2000 dot com bull trend. The blue ghost bars is the trend from the 45-66. To me, it is lining up almost like a mirror. IF, this is the case, then the market is in a topping process before a dump down to take out October 2022 low before a major...

Dow_Jones_Maestro

I had anticipated that Monday was going to be the high in my previous post. I initially thought it was going to pullback a little bit higher before a sell off but today it based lower and then sold off. I am still bearish short term and will be looking for the next higher low to position myself short at least down to 39,650 to take out that small range back on...

Dow_Jones_Maestro Updated 

I believe the low of late April's range will be the low in this up channel. Price will chop around inside this box before coming back down to that low before ripping to the upside. The top of the channel and 45,000 is a short-term target. My ultimate target is 90,000 around 2035 Every bull run is 26 years and 1000+% gains The low was in 2009 2009-2035 is...

Dow_Jones_Maestro

With Monday and Tuesday off the books, we have the last three days left in this weekly template. I see an obvious peak formation high printed on Monday and to me, this looks like Monday will set the high of the week. The opening price of the week is at the neckline of that peak formation high. It also coincides inside the golden pocket of Mondays range as...

Dow_Jones_Maestro Updated 

Going through the weekly chart for the averages of how far Dow Jones can move in a week. The last 84 weeks averaged out to 937 ticks. This lines up with the medium sized candles. There are three types of weekly candles 1. Small Doji candle (28 occurrences) 2. Medium sized candle (47 occurrences) 3. Large expansion candle (9 occurrences) This small set...

Dow_Jones_Maestro

If this sets up how I would like, then I am going to look for a buy low opportunity for a move higher through that lower high on the inside. I will be entering in on the 15' chart and use a 50 tick stop. Target will be anywhere between 150-225 ticks

Dow_Jones_Maestro Updated 

I have been backtesting a setup on the 15 minute chart where price grinds/spikes higher and engulfs at the High of Day only to dump down to the Low of Day. I notice there are three variations of this pattern It blows through the Low of day and makes a substantial lower low It just barely takes out the Low of day It comes just shy of the Low of day and DOES...

Dow_Jones_Maestro Updated 

Now that NFP broke bullish above the last 4 hour pivot high, price is still in bullish push phase to reach the next higher high. Looking at somewhere in supply zone. I am looking for the next higher low pullback to be in the demand zone and above the last higher low made by FOMC. Of course, NFP could also just be a false break and will trade back inside that...

Dow_Jones_Maestro Updated 

I am bullish on NFP and expect prices to drift sideways the whole night up until 6-8am until 08:30 when NFP will release. It should dump down only for it to be bought back up and continue on to new highs. I will show the last NFP's and show how all of them were...

Dow_Jones_Maestro Updated 

I think the market is trying to rally a little bit and form the lower high and the right shoulder. I placed the 0.5 and 0.66 golden pocket as a general guide to where it COULD pullback to. That cluster I marked, to me, is a dead give away that is the market's objective and will take that out for a stop run. I have noticed that the past 12 NFP's have generally...

Dow_Jones_Maestro Updated 

I am looking at a repeat of the previous correction back in July 2023. Some key takeaways: Deathcross triggered April 4th Hourly 200sma is now in downtrend mode Currently in a bear flag consolidation to pullback into the declining 200sma Space under the low of the bear flag in relation to the prior pivot low A gap that needs to be filled at the start of the...

Dow_Jones_Maestro

On the hourly chart, looking for a bullish pullback at/near the rising hourly 21ema. Looking for a sideways consolidation to go sideways until the 21ema catches up. The green line inside of the consolidation is Tuesday's closing price. Stop will be 75 ticks and Target is up there around 200 ticks

Dow_Jones_Maestro

A technique that I use is during a downtrend, the first pop above the 200sma 9/10 will produce a lower low and continue down to break the lows. Price is currently popping above the 200sma I will show you various examples of this technique from the last two years Using this information, I will expect the lows to be broken and a new lower low will...

Dow_Jones_Maestro Updated 

I am waiting for the dump back down to the flat hourly 200sma and support of Friday's close. Depending on how Tuesday and Wednesday trade out. I will be looking at the pivot lows for stop loss hunts. Same setup as Thursday October 12th on the hourly chart. Same broken down market trading in a negative position.

Dow_Jones_Maestro Updated 

I will be looking for a false break reversal sell around NY session time to poke above the high a tad and continue in the down direction. This market is in a downtrend and is making lower highs and lower lows. I will expect a deeper pullback at some time to retest the 200sma again. This of course depends on how it plays out tomorrow

Dow_Jones_Maestro

I will try to formulate a gameplan for Friday's NY session for a possible day trade Starting with the daily chart Price was in a spike and channel pattern that just got broken out of with its 850 point drop from its high of day. This is a sell signal for people that trade the daily chart. Thursday surged off of the daily 21ema and the 21ema is now curling...