Get started

Djia

DOW JONES Buy SignalPattern: Channel Up on 4H. Signal: Buy as the price broke above the Lower Highs trend-line and the 4H MA50. Target: 28600 (just below the September 04 Resistance). Medium term buy signal on Dow on the 1D chart: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! Shout-out to TradingShot's top TradingView Coin donor this week ==> CITIZENCAINE
ULong
by TradingShot
1
ridethepig | Small Caps Breaking DownA timely update to the Russell 2000 after running into sellers at the 1600 resistance which was previously support. Small caps have seen a huge uptick in selling interest and momentum is starting to kick in. Buyers giving up the diagonal support is opening up a world of trouble and asking for sellers to apply more pressure. The V shapers and naysayers that its not different this time will continue with the necessary text, the question is whether real money decides to step in and stop the bleeding. After losing support the next key level in play is 1350, and a deeper extension towards 1,175. Thanks as usual for keeping the feedback coming 👍or 👎
OANDA:US2000USDShort
by ridethepig
2
Thoughts on the S&P through end of 2020TVC:SPX AMEX:SPY CME_MINI:ES1! CME_MINI:ES1! Well, the S&P; has made a crazy trip from Yearly S2 to Yearly R1 in what has certainly been a psychotic 2020 -- one that isn't over yet. On this weekly chart, I'd like to point out the firm rejection on R1 and then the follow through to the downside this week. While it wasn't crazy-strong follow through, it's certainly enough to make anyone paying attention take note. What's worse is that we have weakening RSI showing major divergence vs. the previous high, and also just a general divergence going back a few years before RSI reset this past March after hitting 30. What that means is that there just isn't the same momentum going into the last two highs as there was a few years ago. Breaking above 70 and then rejecting the 70 level is about as bearish as it gets. Taking a look at the Stochastic, the divergence is not as notable there as in RSI, so maybe that's somewhat of a silver lining. But, it does appear a bearish crossover will occur in the next week or two. I use the stochastic to confirm RSI, not the other way around as it tends to lag significantly, especially on longer time frames like weekly charts. Kinda looks like one of those setups where a few weeks later I think to myself "I should've taken the warning signs more seriously". If you take a look at the 4 hour chart, you'll notice a pretty sketchy hear & shoulders top with today's close right on the neckline. Joy . Things could start getting sketchy as soon as next week. So, if this is correct, and we're trending lower now, how low will we go? My guess is somewhere between S2 or S3 by the end of the year. That 1900 area is certainly strong support and should almost definitely be defended. After that, who knows? With everything as batshit crazy as it has been this year, there's no telling what next year will look like. My advice? Pack it in for the year or at least until the political cycle is behind us here in the US. Good luck everybody.
SP:SPXShort
by imdp
3
Sit still and do nothing , will you ?I spoke to a few people in their late 40's to 50's and several of them had either been burnt in their portfolio or gave up hope in the stock market because of bad timing. Let's take a look at the most recent recession ; 2007 to 2009 subprime mortgage crisis . Had you chose to invest during this period, you are most likely to suffer huge losses and I can understand the loss of hope in the market when you are suffering in that dungeon. But investing , unlike trading is for the long term. Had you stay invested and ignore the 50% plunge and continue to hold what you have, you would have easily gained 250% on your portfolio. Really, just by sitting and waiting.... To do nothing appears simple but it requires discipline and in a fast paced society where social media is over-rated and information downloading and sharing is so fast (think 5G , 6G), it can be a tough challenge for many. 10 years from now, the index will soar to a new high and 20 years from now, even higher. Nobody knows. Yes, bear markets will come and it is good really. Think about it, it allows late buyers a chance to get in , to accumulate their wealth. So instead of learning to time the market, learn the art of being still and not let the outside noise affects your rate of returns. For yourself, family and your loved ones. Memorise Jeremiah 29-11 each night before you sleep.
TVC:DJILong
by dchua1969
1
Dow Jones: Sell opportunity within the Channel Up.DJI is trading within a Channel Up on the 4H chart (RSI = 55.798, MACD = 115.900, ADX = 32.013) since late June. Today the MACD made a red cross, the RSI has already since Aug 11th hit its Resistance, and it looks as if the Higher High is priced in. We are expecting the price to touch the 4H MA50 once again around 27,100. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated. ** Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. **
TVC:DJIShort
by InvestingScope
1