DowJones + Dow30 Futures - Opening another short hereLooking for the DowJones to push toward $25,000 the upcoming days. Nothing is looking good and strong at the moment and believe we will continue to BLEED OUT.
About me:
I keep trading as simple as possible. Will not give my method but will give you entries.
Don't get greedy. Take profits quick when in green.
Let's make money together!
Djianalysis
DJIA (Dow Jones) Futures Losing Momentum (I'm short)DowJones agianst resistance and losing momentum, I still believe we are in for a correction.
Currently in a short and always have layered profits down to my target or $25,750 (always book profits) and don't get greedy on the way down.
Questions or comments please let me know!
About me:
I keep trading as simple as possible. Will not give my method but will give you entries.
Don't get greedy. Take profits quick when in green.
Let's make money together!
Dow Futures: Strong Move to Open Sunday: Eyeing $26,000Will look at a scalp long if $26,005 breaks will layer profits in from 50 to 200 points as there was a strong move opening up on Sunday.
I have stop/buys orders in place. Please keep in mind this is not a long and my order will not be executed until $26,005 breaks (if it never does that is ok) I will cancel my order.
About me:
I keep trading as simple as possible. Will not give my method but will give you entries.
Don't get greedy. Take profits quick when in green.
Let's make money together!
TLRDOpened long here. Downside looks minimal with ATL around .88c and upside is massive. POC on Daily around $1.25 & Weekly POC $4.20 the trade looks good. I think the shake out is about complete as this stock got a lot of hype from Michael Burry being a large holder. I don't think $4.20 is on the table till Oct or there about with a large correction pending, but I do think $2.50-$3 is a reasonable TP. Stoch RSI oversold on all TFs except weekly which is currently putting in a HL on that RSI TF. I think 1-2 weeks we can hit my TP
ridethepig | Equities Breaking Down!📌 Flows to illustrate end-game cycle chains
-> Here we are tracking a very advanced flow, the struggle for Long Bonds to complete the final ⚠️ breakdown and trigger capitulation in debt . This would be more natural to develop ahead of US elections as it would imply maximum pain giving enough energy to help form a base on 'surprise' Trump victory.
To keep the pressure on we will see the usual talking heads; Fauci, Gates and the rest push for further lockdowns, but the correct flow was indeed called earlier in the month to switch from the 3,200 SPX which is when we went underweight US Equities. In the Dow, 26,500 is now acting strong resistance and will be difficult for buyers to crack that ahead of Elections; remember we also have no-deal Brexit and Covid all still to play for...
The unaware will continue to buy blindly, unpacking the scrabble box and load thinking its a one-quarter wonder recession - retail participation is shooting through the roof. It was a necessary ✅ to clear before we can see the Sovereign Debt Crisis. Smart hands are tracking the claims number and understand that recoveries DO NOT look like this:
Fortunately we were ahead of the weakness in Global Equities and Vol, but the rally has been difficult to defend:
This next leg lower can now be played. Seller's positioning after Witching with this little loosening move created the room to attack. In the immediate time; look to target a sweep of the lows before adding any US exposure for the next business cycle.
Notice how we still did not get into the 15,500 zone called earlier at the lows:
The courage to intentionally let retail hang oneself for weeks; just on account on a remote possibility of a second wave; is now sadly going to be rewarded. Look at defaults coming to our theatres very soon, sellers smell blood and have suddenly awakened to fresh activity!
We also have the VIX Panic Cycle entering into play right on time as forecast, it has been game, set and match for all of those trading VIX flows live:
Thanks as usual for keeping the support coming with likes, comments, charts and etc!
🤔 Will We Be Saved? (DJI)😯 It's very interesting to look at the large multi year cycles. This is a 3 month chart. Currently the upward support is being breached. Is this just the beginning or will we be saved?
3 Month Timeframe
Crossover Strategy: Red Doji
The EMA Dots: 3/3 Red (Last was april 2008)
The crash we have experienced stopped at old Resistance to find temporary support. Interesting. If broke the red line I believe we would see a serious collapse. Very critical to see if this recent rebound we've had can hold.
Have an awesome day! ✌
🥇MLT | MAJOR LEAGUE TRADER
$DJI Post Dump Market Analysis
Futures Gap Up & Futures Gap down just like clockwork
Thick lines = monthly levels
1st sell target short 24790
2nd sell target short 23360
Thinking the price is going to hold this long term trendline drawn in green around 23300, that's where i'm closing my short and turning into a bull
Market needs a well needed correction
If you like this indicator i'm using you can find it underneath my most recent scripts published , simply like it and add it to your chart
23300 is the accumulation zone and the start of the uptrend needed to hit for the price to continue moving up
don't bet against the patterns of the market you're going to get humbled
Dow Jones Back in Trend.......What we can see from dow jones previously was trading activity above trend resistance level (Red Level) followed by an interesting drop to trading activity below the trend support level (green bold line). However, the recent bullish movement have shown us the DJI is ready to continue its BULLISH movement and if we look at DJI movement currently, price level and moving upwards following this trend support and resistance line steadily (green and red bold lines). Economic data plays a large part in manipulating DJI beyond or below the trend support and resistance line as we see BULLISH continuation.
Technical Analysis:
Lets look in the TA perspective for DJI, we can see that DJI is obeying a an short term trend support level (drawn in blue). Interestingly, price level now is also at an important resistance level @26555 price level. We can also see it moving back in trend with price moving with in trend support and resistance level. Fibonacci Retracement also show us a rejection from 78.6 fib level and now currently testing 61.8 fib level again which I believe it will continue to fall testing 50.0 fib level where there is a strong support level there too. Having said that, I am seeing a short term bearish movement to 24000 price level before we see a BULLISH movement testing the trend resistance again as it continues to rise in the long run.
Strong Bearish Daily Base TARFGET 1000 POINTS (Correction Time)Correction Required on a daily base up to the weekly end.
Trend: Downside 500-1000 points
Reason: V-shaped Recovery completed.
🛑SUPPORT/RESISTANCE
✅S1= 26500
✅S2=25400
✴️R1=26900
✴️R2=27600
Please like, share, comments and follow me to get daily base analysis
Thank you for your support, I appreciate it.
SOLD at 25700$ Downside towards 23400$ and 20600$ (Monthly Base)Bubble Gonna CRUSH again.
Coming weeks big correction coming downside.
45% Pull-back Correction has been done since market crush (March 13)
🛑SUPPORT/RESISTANCE
✅S1=23400
✅S2=20600
✴️R1=25700
✴️R2=27100
Please like, share, comments and follow me to get daily base analysis
Thank you for your support, I appreciate it.
$DJI Lazy ForecastIf this goes higher later it's going to be baffling and if it does, it just might resist off the EMA 200 resistance of the Daily chart.
To be honest, the way China pressured Hong Kong today was perfectly timed for the next scheduled U.S. jobless claims. I think they're trying to make the Wall Street people turn into a bearish sentiment. 😅
Not to mention Hong Kong is one of the U.S. major trade partners.
Dow Jones Index- BULLS COMING TO MARKET Big Bos : "God damn it. People hungry. I will have a big event after this. You are my supporter or not?"
Subordinates: "But Boss, colleagues and our friends still afraid about...."
Big Boss: "Quite all of you. I tell you. Now get going to them. Tell them, I want market rising. Bearish its over. Don't you think i am stupid. All of you already full enough buying stocks in cheaper price. The holiday is ended. I want market rising. God damn it. Do you understand?"
Subordinates: "Roger Bos. We do it right away" .
--------------------------------------------------------
And we see bulls coming to the market. Voila ...
Q: " J, i wanna ask. This market movement is just temporary or not?"
J: " Well. I still dont know if the market can breakout 26740 or not. But I feel that market will not drop sharply like the past. It will be ranging in level 22750-26740. They will make the market like that way for a while. That's my thought".
Q:" Ah i see. So it is the time to buy?"
J: " You buy when the market dropping. or when it is under correction. Whatever the correction it has. By the way, correction has multiple form. But I don't want to let you know about that. Maybe later in future...Lol
Q: " okay, okay man. Then i will prepare ..."
J" " Prepare your money to buy?"
Q:" No man. Prepare to have a bath. You want to come with me?"
J": God damn it. (throwing roll of tissue )....
-J
DJI end of the upwards momentum & signals for an explosive move!Squeeze Momentum Indicator implies that the upwards retracement after the bottoms has come to an end. However, it has not given a clear signal of the direction of the next momentum in the market. By combining this information with the Volume Flow Indicator (VFI) we can see that the upwards trend is really losing its vitality. Besides this the occurring negative divergence with the price gives a bearish signal that may signal a major negative price move.
However, you should notice:
Divergence isn't to be relied on exclusively, as it doesn't provide timely trade signals. Divergence can last a long time without a price reversal occurring.
About the Squeeze Momentum Indicator
This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).
Black crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). This signifies low volatility, market preparing itself for an explosive move (up or down). Gray crosses signify "Squeeze release".
About the Volume Flow Indicator (VFI)
VFI, introduced by Markos Katsanos, is based on the popular On Balance Volume (OBV) but with three very important modifications:
Unlike the OBV, indicator values are no longer meaningless. Positive readings are bullish and negative bearish.
The calculation is based on the day's median (typical price) instead of the closing price.
A volatility threshold takes into account minimal price changes and another threshold eliminates excessive volume.
Unfilled gaps on the DJI, is Mnuchin right?Should we be filling up our pockets with long calls and riding the Funny Munny train?
The SPX is bouncing right along on the Vegas waves towards likely levels of $3k-$3.2k in the next few days. Interesting twist is that Memorial Day is coming up and US markets will be closed Monday. If buyers evaporate at higher PE ratios than at all time highs, while we are still more than 10% down overall, it make a bit of sense. But what makes sense these days? Consult your risk tolerance rules.
DOW IS IN RANGE FOR LAST TWO DAYS WILL IT BREAK TODAY !!COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE.
1.In point no.2 I shared that market is trading in no trade zone can not decide any side position. You can see it spend all day in small range not giving chance to earn both sides. That is why I said no trading area.
2. Now I have been saying since last Friday that short is my biased for market but market is not providing set up to go short side. You can see in fig. I made a green circle which is pointing two candle formation that price is rejected in first candle and weak bulls tried to take price out of pink color zone. But in last two hrs. bulls again tried but could not.
3. You can see left side of chart on same zone two days back first rejection of price. This is providing that bears are eager to get price control from bulls. Until and unless price breach the upper end of red dotted zone we can not consider strong bears entry. This is four hrs chart. Now I show you lower time frame of 5 min in lower box. See what is happening . I feel local distribution is going on showed in two green vertical lines. when this process complete price will start to move down side. Till then price will remain range bound.
4. Stock is game of probability so we find good set up in best probability side. So other side move can come if market break Z point swing then I will be bullish. Rest market is supreme will decide today.
YOGESH VATShttps://www.tradingview.com/x/6zAWhw4m/
HAS DOW STARTED ITS JOURNEY TO DOWN SIDE SEE YORSELF !!!COMPARING MY SATEMENTS FOR LAST TWO POSTS WITH THE ACTUAL MOVE IN DJI
1. In yesterday post point no 2. I clearly mentioned that if dow opens gap down . As it opened slightly gap down, one should wait for price breching red dotted zone to short . In monday post I clearly mentioned that swing high Z is the stop loss for shorts positional trade. That high is still intact. Both days post are attached for those who really want correct insight for this index. They can check all details to understand the present phase of dow.
2. As you can see price is still above the red dotted line so this is no trading zone for positional new traders . Those who are already in trade can put sl of Z point swing high. Now for new traders, for positional trades , let price break the lower end of zone and it sustains 30 mins after breaking then positional shorts can be initiated. Trend change to upwards direction when price breach Z swing high. Rest market will decide.
YOGESH VATS
DJI - Downward Pressure to Cause Collapse Early JuneIt's all running on hopes and dreams people. Gonna chunk down early June (maybe ~22) and probably hold on for dear life as congress fails to act and coronavirus weighs increasingly heavier than expected on the economy. If this thing breaks up, it ain't lasting very long before collapse.
Will be volatile between 21 and 23 until that Q2 data hits and slaps people in the face with a big dose of 'F&*K your V-shaped recovery' sometime July or August.
Whatever that moment ends up being, it'll finally chunk down below 21 and programmatic selling will kick in, roughly duplicating the mid March crash but down to ~16.
Now might be a good time to harvest some profits and prepare for a feeding frenzy.