MoneyPatterns

DIA - Sell Signal on Weekly If Below $283

AMEX:DIA   SPDR DOW JONES INDUSTRIAL AVG ETF T
I AM NOT ENTERED IN THIS TRADE
Waiting on Weekly view Sell Signal – which will trigger with price below $283.56
I will update if this occurs.

Chart Details
Sell Signal on Daily View on 12/30.
Next EMA Cross is bearish and 10WeekMA price cross coincides with $283.56 level.
Gaps to fill down to $250.
Watching RSI trend in addition to price trigger above for entry.
Trend Dots show next Weekly trend is Bearish . This should last for 7 days minimum.

Entry Options
Looking at 1/17 Expiry. Call Credit Spread for $2.50 credit or more. 285/290 strikes. Risk $250. Reward $250.
Must exit before expiry. Hold this spread maybe a week. Exit at 50% profit, gap fills, or your risk tolerance.

About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website https://www.moneypatterns.com and will be updating my username here. Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD , GBTC . Short term GDX Bullish , SMH Bearish , SPXS Bullish

Comments

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