just a heads up....
july 15, 2022 will be one of the biggest trade opportunities of our lifetime.
i will elaborate more once we get closer.
i know i know... it is very very far away. but the geometry and math that i use gives me trades sometimes years in advance... a great deal of patience is needed to play the game like i play it.
The market looks weak in the daily chart,
(Sep 27) a spinning top shows a change in direction following by the confirmation with the large red candle (Sep 28) is probably getting the buyers afraid to continue in the market.
It is not every day you see a MA 100 getting crossed in that manner, I will be looking to red candles at the market opening and be ready...
Dow Jones Index ETF has been in a daily downtrend since September 2021.
DIA price is currently above trendline resistance.
-Bullish scenario: price breaks and holds above $350 to $354.
-Bearish scenario: price falls below $344 to $338.
Resistance(s): $350, $352, $354, $355, $357, $359.
Support(s): $346, $344, $339, $335, $333, $331.
Q3 2021 earnings season...
Weekly Recap: Rejected The 349.50 Supply As Expected & Made A Double Top. Filled It's Downward Gap. Respected 341 & Found New Support Creating A Higher Low. Ran 12 Points The Rest Of The Week, Breaking Out Of The Daily Wedge. Creating Two Large Gaps (350.90 - 349.10 & 346.50 - 344.45) Ended The Week At A Key Weekly Level Of 353. We Still Have A Gap Up To Fill At 353.60.
The Dow Jones Industrial Average stock has faced a rise by 2.71 points; as a result of the appearance of 2 bullish candlesticks and the positive data about the unemployment benefits released by the United States Department of Labor. Therefore, the stock is expected to continue in rising till it breaches the resistance line 350.41, on the contrary, if the stock...
The Dow Jones Industrial Average stock faced a rise by 5.63 points; as a result of positive data on the monthly core PCE price index released by the US Bureau of Economic Analysis and the manufacturing PMI released by ISM from the Institute for Supply Management. However, according to the reversal pattern of the double bottom the stock has achieved its expected...
Today, Dow Jones Industrial Average stock has fallen by 4.63 points because of passive data issued by The Conference Board about the consumer confidence index, which was less than the expected data by 5.9 points. This negative data is due to the increased risks of the epidemic that led to a lack of consumer interest in luxurious household goods. Therefore, it's...
DIA Large Caps Shifting from Breakout to Range Bound Market
We are currently seeing the large caps starting to trade in a 6% range at the moment and could continue to see this as they consolidate the gains they have had so far this year
(1) 340 (pink, anchored VWAP) is critical support
(2) although DJI has achieved 10%+ in 2021, it has been consolidating since May with slight move.
(3) appeal to my interests which I would focus on jets and BA, but be aware that would be a long way to go
DIA closed right at the 100 day SMA and it also looks like it just broke down of it's trend line. I will look for support at the support zone. When the price reached the support zone most likely the 200 day SMA would have moved up to the support zone and act as support as well.
Price is sitting on bottom trendline of a bearish rising wedge. This pattern is not valid unless the bottom trendline is broken. If the bottom trendline is broken, price will usually find a level of support within the wedge. A strong security may not fall far before a support level is found. This can be a very long term pattern.
The Rising Wedge is a...
DIA (Dow Jones Index ETF) has been uptrending in 2021, on daily and weekly charts.
However, price is currently consolidating between $352.18 and $355.83.
-DIA price breaks up above resistance to establish a higher-high.
-Resistance levels: $355.83, $358.07, $361.59.
-DIA price pulls back down to test support levels...
i have mentioned a couple times throughout the year that the 4Q is where i expect things to get interesting. i think we are close at bay. one just possible date is sept 2. which would be 360 degrees from the last major sell off.
trade safely and i hope you enjoyed the gains of the bull market. i dont think anyone expected it to bring in so much exuberance....
SPDR Dow Jones Industrial Average ETF Trust is exchange traded fund. Its investment objective is to provide investment results before expenses correspond generally to the price and yield performance. The company is headquartered in New York, NY.