closed net short trades on BA switched to Long on DIA. trade talks to happen monday and the market looks excited. vix futures still heavily in contango. vix cash below all futures months. based on net change dia options look the juiciest. atm strangle infers plus or minus $3.60. i expect the excitement of trade talks to exceed those levels. i expect to cut...
Everyone says the market can't go straight up. Well, it happened last year, so why not again?
Sure looks like there should be a pullback here sooner or later, but the Feds don't meet again until March. We'll be at ATH by that point, lol.
It looks like instead of a breakdown that I foretasted, we are going to complete a 5th wave. we are getting some resistance from the trend line that I drew from the lower highs since the October selloff. We should be able to get past that. Obviously we have a big PUT underneath us, but I will spare talking about that because that's not TA
Major test pending for $DIA of upper downward channel.
Each leg down was followed by a .786 FIB retracement- the latest leg being no different.
.50 Channel FIB acted as prior support and is a good first target for shorts.
Just how much we overshot to the downside in DEC, we've likely now overshot to the upside.
Stochastics started to diverge a week ago.
This is my projected prediction path from present day 1/26/19 until about September/October of 2019.
Obviously there will be ups/downs along the way... but I narrowed out buy/sell date ranges in the short term.
Just my opinion and analysis based on technical analysis, market cycles and personal theories. I will place trades
for my self based on...
Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
I'm not going to get into any highly complicated fundamentals here other than this. Unless something happens next week that surprises investors and the world, this bear market rally is nearing completion.
The stock market is...