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DIA

S&P Growth (SPYG) Channels since 2002 - Way, Way Above NormalFYSA, SPYG tracks teh top 50 largest securities in the S&P 500. Holds 5 of the 6 FAAMNG stocks, which accounts for 39% of the ETF. I laid out what I see as the 4 main channels for SPYG. It is clearly obvious that it the current trend is way above the trend from both the 2002-2008 and 2010-2019. You can see the 2020-22 rally was an extension of a trend that started in 2019 that was interrupted by the COVID crisis. It truly was the once in a life time opportunity for most traders. Now the more subjective part. This really depends on if you believe the market will eventually return to the mean. To me, it looks like the party is over and we are going to see a return to one of the lower channels in the coming months and years. We could see a 2nd attempt to test the red channel, but the outlook with reduced QE and continued challenges from inflation, Russia, and Covid are not fertile ground for this continued irrational market behavior. The most obvious trend change to me would be to work its way down in to the blue channel, probably stepping down on the major support/resistance lines. Not sure if it would be better to slowly do this, or end up with a 2000 or 2008 crash. At least a crash has major opportunities for VIX ETFs and its like a band-aid. Check out the 1D chart below. You can see how the price jumps around the channel edges. 1W 1D
AMEX:SPYG
by Dr_Roboto
1
XLF (Financial Sector ETF) - Support Bounce Hammer Candle - 1DXLF (SPDR Financial Sector ETF) price has bounced up from 0.618 fibonacci support on the daily chart. Entry (long): $37.53 Take Profit +3% (exit): $38.66 Stop Loss -1.5% (exit): $36.95 Note: Many Finance related stocks have a similar pattern on either the Daily or 4-Hour charts. Could see an industry-wide bounce up if fibonacci support levels hold this month. -BAC (Bank of America) -WFC (Wells Fargo) -C (Citi Group) -JPM (JP Morgan Chase) -MS (Morgan Stanley) All content is Not financial advice. Trade at your own risk.
AMEX:XLFLong
by NoFomoCharts
GOLDEN RATIO TURNS PAST AND FUTURE 2022 All turns past to present and including the PANIC CYCLE FOCUS DATE MARCH 18/21 2020 are moving forward and all within 2 to 13 days on long term basis .I see a rally to a new high if we can hold 21 % decline within the sp 500 this rally will be a min of 14% but no more than 19.8 to 20.5 % from this low . Fractals second basis other than the Golden Ratio and SPRIALS are pointing in the same patterns It will see a very good low on oct 4-10 plus or minus 6 days at most best of trades ! WAVETIMER
TVC:SPX
by wavetimer
1
AAPL (Apple) - Bearish Double Top & Momentum - 4 HourAAPL (Apple) stock price has double-topped below $179.11 and has established a lower-high in the price. Bearish momentum has also begun on the MACD indicator (medium-term time frames). Entry (short): $175.25 Profit Target +5% (exit): $166.15 Stop Loss -2.5% (exit): $179.68 Intra-day price fluctuations will occur everyday. This chart setup may take several weeks to complete. Utilize stop loss, profit targets, position sizing, and risk management. Note: Many stocks and ETFs have reached a price resistance zone, and are showing signs of potentially reversing down. All content is Not financial advice. Trade at your own risk.
NASDAQ:AAPLShort
by NoFomoCharts
X (United States Steel) - Bearish Double Top & Momentum - DailyX (United States Steel Corporation) stock price has double-topped below $38.57. Bearish momentum (MACD) has down-crossed on a daily time frame. Entry (short): $37.25 Profit Target +12% (exit): $32.76 Stop Loss -6% (exit): $39.49 Utilize stop loss, profit targets, position sizing, and risk management. Note: Many stocks and ETFs have already rallied up for the past two weeks, signs of price potentially topping out have formed. XLB (Materials sector ETF) price has also reached a Resistance Zone and could possibly pull back to the downside. All content is Not financial advice. Trade at your own risk.
NYSE:XShort
by NoFomoCharts
DIAUSDT TECHNICAL ANALYSIS DIA lost almost 90% from May 2021. Is it time to reach last ATH again? The candles are break out resistance line and break out down trend line as well. You can think it is break out from triangle too. We have received couple buy signals from @EngineeringRobo as well. If next candle open-close completely above down trend-line and If resistance line turn to support line, earning might be INEVITABLE. Let's follow our chart closely and let's earn together. Please don't forget to follow me as well. "NFA"
by ABSTOCKER
DIA 320/315 Put Credit Spread - March 18th ExpiryDIA - The index ETF I like to trade but never gives me liquidity haha. Fill: 0.544 Fill (after comm) Strikes: 320 short - 315 Long Max Loss: 500-54 = 445 Short leg delta': 0.16 Reasoning: 1. White lines identified support/resistance zones 2. 10% return on margin and 16 delta short leg was below these zones and provided additional margin of error Simple trade with simple management - 50% take profit or -200% stop loss Questions, Comments, Leave them below!
AMEX:DIALong
by ThetaTrades
90% chance S&P goes down to 3900-4000I have a custom moving averages trend indicator that creates a metric based on the relationship between price, 20, 50, 100, and 200 day SMA. price > 20 > 50 > 100 > 200 then metric = 1.0 price < 20 < 50 < 100 < 200 then metric = 0.0 otherwise, it will be somewhere in between based on their relative postion (above/below). I color it based on two thresholds (bull=green, bear=red, else blue). Not as important, but the second line is the percentage of the current price relative to the 200 day sma (turns green when it goes below 10%). So, back to the idea. Right now the indicator is blue and sitting right at 0.35. Looking all the way back to 1996, there were 11 times that the indicator reached that level. In 10 out of the 11 times the S&P continued to fall to 0.24 or lower. That tells me that there is a 10/11 = 90% chance the S&P will continue lower. How low, that is a guess, but the most likely level will be around 3900. Why, that aligns to the price the S&P jumped out of the green trading channel that it was contained in since 2002. It also aligns well with the red dotted line that provide support in 1996 and resistance in 2003-2006. At that point I hope we could see a strong rally back up to test ATH, but we could just get a small rally and head on down to the black dotted line that is the center of the channel that connects 1929 and dot com top. Now there is a 10% chance that we rally from this location. I think that is something to keep track off because right now the price is sitting right on top of the green channel. If it can hold, then this would be a good time to retest ATH. Both times price touched this channel top, we say sharp and dramatic rallies. The next week or so will be critical to determine the direction.
TVC:SPX
by Dr_Roboto
2