Expecting another pump and dump tomorrow, here's why... RTY is overbought on MFI and YM is close. Maybe we just get another sector rotation back into NQ because that's oversold.... who knows. I'm calling for a gap up and tank tomorrow, or bare minimum a whipsaw day.
TREND BASE FIBO EXTENTION WORK EXCLENT ON DOW AND DAX MAIN LEVEL=61-100-161% TRY IT 3 MOUTH THEN JUDGE www.tradingview.com
Looks to me like it's going to fill the COVID gap then drop. MFI already overbought, RSI almost there. Flipped my MMM calls this morning for a decent gain. It's a good stock to play when you expect the Dow to go up.
We're too close to filling the COVID gap to go down without filling it. At the current rate, we should hit it sometime Tuesday. Target is somewhere between gap fill and ATH (or possible double top). No shorting until Tuesday.
Overbought on 3 hr RSI and MFI, but looks like it wants the COVID gap fill before tanking. Plus tomorrow is POnzi payday 401k Friday. No short positions for me yet.
I'm beginning to think that the market just whipsaws sideways with sector rotations until we get a stimulus package. COngress won;t be in session until after labor day, so this bull flag could extend even longer than the arrow posted.
I guess they're gonna make this go up by pumping the crap out of NKE and MMM, both of which missed on earnings, lol. Overlay adjusted, not sure if we double top, but you gotta assume they fill the COVID gap (orange line). Note that MFI is scrolling up from oversold, and Dow futures were pretty strong last night even when everything else went down. All this on...
💬 The SPY (ES1!) and DJI (YM1!) are both approaching resistance according to their futures contracts charts (ES1! And YM1!). Do we get a pullback here, or does the Dow retest its previous top while the other indexes run? We think both moves are in the cards. Given that, let's look at some support and resistance levels to get a sense of what might come next. Hit...
I think they go full pumptard on the Dow. Why? Because dividends. Companies are still making enough money to pay them and DIA dividend yield is 2.3% which is better than nothing. That's what happens when you have zero interest rate. I was trying to figure out why MMM is moving up after missing on earnings .... dividends. If you don't believe me look at PCAR. ...
Would place an Sell Order at : 27636 SL: Open TP: Open
TREND STILL IS POWERFULL + ,,,DONT SELL ,,,,ALL EYE ONDOW= 30.000
CBOT_MINI:YM1! Standing way back - monthly on the DOW Can you feel the weight?
Hello traders, Description of the analysis: Important H1 s/r zones where it is appropriate to time positions. Gray support for long positions, red resistance for short positions. The thickness of the zone adds to the importance of this zone. Remember that the red thin line indicates the price where the most trades took place for a given volume profile, so this...
TVC:SPX Bonds up, Yen up today - Always means something. We filled a gap that frankly I thought we would have filled weeks ago, but now we have negative divergences. I won't call the top of the stock market impressive V shaped recovery rather its time for a pull back. Maybe back to the 200 day (here in bright green) so they can take more buyers even higher to...
Almost oversold, looks to me like a whipsaw for Monday and Up either Tuesday or Wed
Same as RTY, looks like it's headed to oversold, will get a bounce next week.
TREND BASE EXTENTION (projection) WORK EXCLENT ON DOW ,SP500 IN 30MIN AND 240MIN main level=61-100-161% www.tradingview.com