Good morning lovely ppl Maintaining trailer $SDOW #DowJones short position May add more if we pop enough Initiated $VIX long position There's various ways; options $VIXY $UVXY & more 3 warnings signs, see previous posts Ignore RSI if it shows on post Let's see how Nov ends $DJI $DIA #stocks
🚨🚨🚨3rd WARNING/ALERT 🚨🚨🚨🚨 $DJI threw: Hanging Man on Friday - Bearish Shooting Star on Monday - Bearish Tuesday = Outside Reversal - In this case it seems mostly Bearish $VIX is also starting to wake up and beginning to make noise #stocks #INDU #DowJones $DIA $SDOW $UDOW
$VIX in middle of range, normal for now RSI RARELY oversold Maybe 1x per year & we're @ lower end $DJI Comparison to last peak In overbought territory "2.5% upside" - ??? downside Reducing longs Our LARGEST position $TWTR = cash now As we go higher raising more cash again
PRICE vs MOMENTUM forming a compression divergence. Notice the lower indicator and the trend on both sides. Price has been broadening the last few years while momentum/strength has been compressing. This is a hidden bull diverging into a massive bear divergence with the potential for a 3x touch here soon. Hidden divergences are historically weaker than regular...
🐮 The DOW (DJI, DIA, YM1!, UDOW, etc) is rallying based on recent strength shown by key players like Disney, the banks, Boeing, Exxon, etc. Looking at Dow Jones Mini Futures (YM1!) we can see a new clear bull trend forming... but we also see a clear-as-day support level to be tested to help confirm this rally. Perhaps the shift out of the NASDAQ's COVID hedge...
I am looking to use this as a way to fade the recent rally. Will update manually when I close trade, I may be in a bit early, we shall see.
The Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future. Recently, we posted a research article about the Head-n-Shoulders pattern setting up in the $INDU....
VIDEO Showing where the markets should move next - DOWN
SPY Stock market showing signs of reversing but still needs several more days to form top. But who will lead the decline and next rally? DOW or NASDAQ? Here is an article talking about it. SP:SPX AMEX:SPXS AMEX:SPXU NASDAQ:QQQ SQQQ AMEX:DIA SDOW UDOW
DOW JONES 30- Long term support around 22,000 points (about 10% lower than recent close), if green TL is breached and Double top formation takes us back to longer term Uptrend line in Red, to target in red arrow.
If you remember my best guess 1 it dropped less than I expected to the 50 % correction level, then bounced to a newer short term high only to drop to lower short term low (see link below): a trap of sorts. I favor this is just a form of tricky correction the EWT folks call a irregular flat. And today it stopped at about the .62% level which is common. IF. This...
The hourly XIV was already breaking down as the UDOW was making new highs.
We closed above the all time high at the end of July signaling MAJOR bullish sentiment. We came back to retest that key area over the past week and then closed out this week with a nice low test in that area. Key Lines are based on Marty Armstrong's Socrates model.
Today, we saw the break and hold below of an important long term trendline in effect for months leading up to now, as well as several strong points of support. Rationale for short: - Break of lower bear flag channel trendline & hold - Successful retest and rejection of trendline. - Broken support at 206.80s and 206.00s - Huge bull rally immediately and...