TVC:DJI has had one weekly CLOSE above 34.4k since April 2022 & another on Friday. of last week. Daily, the issue is a close above 34.6k. - Notice the heavy volume on the down days? All, except one day has been a solid bottom. - The Ascending Triangle forming likely means that we have MORE upside on the Dow Component. AMEX:DIA AMEX:UDOW #stocks AMEX:SDOW
SDOW is shown here on a 30 minute chart current rising above a parallel descending channel which is within a longer trend of a downward-facing megaphone pattern where it is currently situated near the top of the megaphone. I have drawn the two trendlines onto the chart and added an RSI indicator. My plan is to take a short trade on SDOW by looking for an...
UDOW is shown here on the 30-minute chart rising over the past month in an ascending parallel channel. The chart shows the price currently situated near to the bottom of the channel which is the support trendline drawn onto the chart with the resistance trendline as well. My trading plan is I will take a long trade of 50 shares with a stop...
DJ:DJI has had issues in this area many times before Getting overbought, been here a few times in 2023 1 Jan - Feb RSI Neg divergence took entire month to work out 2 RSI was already rolling over when it peaked 3 RSI is again in this area & the 4Hr chart doesn't look like the RSI is weakening, interesting See volume where rally started?
DIA daily went to a sell, waiting for price action to approach the P.O.M.O Position of maximum opportunity on DIA. With such a nice risk reward why not. My idea would be to play it via SDOW This short is riskier, Vix 1hr and 15min are R/R. DIA and SPY 1hrs went green. You just want to note the daily went to sell on DIA, waiting for it to retrace up to the pomo'y...
Boy, are these markets something else. Since before 2008, markets correlated relatively close to economic data. Since the introduction of Fed intervention with slashed rates and Quantitative Easing, "markets" were able to "shrug" off even the worst geopolitical and economic events. In fact, it defies all logic. Logically, markets can and should ignore all TA...
We can see intraday that #banking exposure is less on the #QQQ vs #DJI Nibbled on #TQQQ this morning. Don't be surprised if it goes green today, at least short term. We may get some sort of push before EOD, doesn't mean risk is over. TRADING $QQQ $TQQQ #stocks
$DJI has seen a ton of SELL volume & in reality the environment doesn't seem conducive of any positives. Bu there are some. Pluses: Doji - Needs more confirmation tomorrow. Oversold on daily & support is 32.5k Major long term downtrend is around 31.1k Inverse Head & Shoulder can still pan out as long as #DJI doesn't break below the last barrier. Technically, it...
From yesterday ---------- 11:34AM 1hr VOLUME SUCKED BUT That 1Hr Doji is a good sign & RSI positive divergence 4Hr looks ok, reversal but not strong enough NEED more volume More later after #DJI $DJI #stocks --- 12:21PM $DJI Volume pumps up more & we close the 4Hour (around 130est) ABOVE 32793 = GREAT sign (((FYI IT DID NOT DO...
Pls see profile for more info We limit data as it's copy paste We're cautiously bull $DJI, bit more on $NDX But there's reasons: #ECONOMY = TRASH Tons of good lost jobs Unemployment low but most BAD jobs & multiple jobs #DJI RSI negative divergence (slight weakening) #NDX RSI looks good & many green candles $DIA $QQQ #QQQ #Stocks
These are copy paste, pls see our profile IF RIGHT Shoulder, $DJI Inverse Head & Shoulder pattern, holds = STRENGTH 1/2 #DJI RSI WEAKENING, Negative Divergence Last 2 days good SELL volume Some interesting Moving Avg Crossover data on next post 2/2 $DJI Bullish Moving Avg Crossovers TEND to last There's been few times it didn't: Late 99-Early 02 Mid 78-Early...
Keep eye on intraday $DJI volume 2c how we're doing So far NO anomalies showing trouble for this run Great Inverse Head Shoulder pattern going Monthly Averages DIDN'T crossover = VERY good Barring something crazy, $DJIA may have enough for 1 - 2 year move $UDOW $DIA #stocks
🚨🚨🚨🚨🚨🚨🚨 Not sure how this was missed!😱 $DJI looks VERY VERY VERY good Went FULL BULL late Sept/early Oct Mid Nov went neutral to short term bear Mid December turned cautious bull NOW GOOD signs that September was BOTTOM! - This is daily & weekly Inverse head & shoulder pattern = 1 of the best bottom forming patterns IF right shoulder forms here = HUGE We've...
Don't post a lot here, limited by # of charts and postings. There we go $DJI Chilling though, not trading, today is bday Just researching Prepared/Preparing for 2023 $UDOW was under $55 when pointed out #DJIA $DIA
Recall we said this area would be $DJI next target? Broke but #DJIA rallied to it IMO sideways likely outcome, slight lower bias atm We said this a few few times but kinda paused as #stocks went higher, original assessment stands
Do you see it? $DJI Is it easier to see on weekly? The "Hovercraft" patter COULD be a precursor to an Inverted Head & Shoulder! See it now? IT'S WAAAY early & it doesn't mean it'll happen $ETH had one recently & went kaput Can $DJI #BEAR be ending? Time will tell IMO chances are NOT for BUT As stated MANY TIMES #markets are NOT logical What about $NDX $SPX &...
Had no plan for trades 2day barring huge opportunity, which not seeing BUT like $META action in "bear" market Did say keep this in mind BUT THIS IS NOT THREAD FOR @facebook It's for $DJI and its cronies #DJIA $DIA $UDOW $SDOW WE HAVE HUGE MOVE in place with more to follow Being this is WEEKLY the paint = more important 31.7k is 50% retracement but IMO we're...
Most of our major calls have been $ $DJI short term uptrend since 10/31 #DJI low gap pretty much filled RED CIRCLES are important, where from here? Both are dojis LONG TERM still in up trend SWINGS are getting bigger!!! Maybe now sideways till Jan