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DIA

NASDAQ (QQQ) Wave Count since 2002Been a while since I did an Elliott Wave count for QQQ. Here is what I came up with. If wave theory has any real merit, then we clearly look to be in Wave 5 off the 2002 low from the dot com bubble. Inside Wave 5 it looks like we are also in a sub-wave 5. I am basing my analysis off fib levels and some patterns/features that I see in the price action. It is hard to know where this wave 5 is actually going to stop. Wave theory only gives us general guidelines. Wave 3 typically ends around the 1.7 fib extension and Wave 5 usually around 2.146 to 2.5 (depends on where wave 3 ends). Also, wave 5 is typically 0.618x, 1.0x, or 1.236x wave 1. Looking at the chart, then 1.0x wave one puts QQQ at the current ATH (184% vs 180% to be exact). This also lines up with a sub-wave 5 ending just a little over 2.0 fib extension off the 2019 low, which is pretty good match to the sub-wave 3 extension just a little over 1.618 (reaches up to touch the major fib of 2.786). That is a pretty encouraging sign that my counts are close. The question obviously is will it go higher? An extension off Wave 1 to 1.236x would be around $318 (222%) and just around a sub-wave fib ext of 2.236-2.382. If it does make it that high, I would not be surprised if we get one final push to the 3.146 extension to make an ATH of around $500 before the whole thing crashes and burns to the ground like the dot com bubble. 1W 1D 4h 2h Here is what I see right now.
NASDAQ:QQQ
by Dr_Roboto
2
S&P 500 bouncing off 2009 resistance lineS&P at the top of it trading channel bouncing off of the resistance line. This line so far has provided a clear limit for the S&P, and you can see where it has done this several times before. So far it has always ended in a sizeable correction. If you look at the 2014 range, you can see that it effectively hit this line 5 times before a major correction. That means this could continue along for several months, with possible several opportunities to buy sizeable pullbacks and clearly places to take profit. 1W 1D 4h
AMEX:SPYLong
by Dr_Roboto
5
Bullish Next Week on IndexesFor Next Week (Indexes) - SPX, DJI, and NDX are diverging (I expect to see an upward impulse rally from each of these); we could potentially see a morning down spike, but I "do not" expect that to hold and markets (in my opinion) will reverse late into the morning to the upside. - We should see the Semiconductor stocks within the SOX start to have some real issues going into next week for potential short term and long term expiration Option Puts. Remember: SPX is the major index itself, SPY is an ETF that tracks the SPX, /ES is stock market index futures, but all correlated. (~ 505 stocks in SPX) NDX is the major index itself, QQQ is an ETF that tracks the NDX, /NQ is stock market index futures, but all correlated. (~ 105 stocks in NDX) DJI is the major index itself, DIA is an ETF that tracks the DJI, /YM is stock market index futures, but all correlated. (30 stocks in DJI) Media: Lots of news in the media around Covid and it's evolutions; however, the market has known about this for weeks. The market was showing signs 1 1/2 weeks ago a trend change was coming -> the Covid evolutions was the excuse the market needed to deleverage (that was going to happen regardless). Markets always look for a reason to justify the moves up and down -- the media and talking heads do the same thing. Just like indicators, these "post events" are all lagging to what the markets were already signaling. Do Not allow external elements dictate what you're seeing in the charts -- too much of media and articles have "personal intentions" always keep that in mind. And every comment illustration on a Press Release or sponsored article have disclaimers of "forward thinking assumptions" and some disclose "payments from the company for their article and/or provide disclosure of their positional holding(s) in the very item their discussing." Notes: Running a few calculations tonight on the SPX (S&P 500). Perhaps this is the geek in me considering I spend most of my days in AI robotics programming labs as an analyst and data scientist. Most people are not pointing this out. Not the people bragging their “highly sophisticated” algorithms, trading platforms, talking heads on televisions, etc. blah-blah-blah. We are at an inflection point within the markets. Let’s take all the human emotional thinking and “what-if scenarios” out of the equation and focus purely on statistical math and probability theory. Do not get caught up into WHY the markets are “going up” or “going down.” Must get that nature of our consciousness out of the equation. This is also the same reason why many enter into trades and lack the capability to cut the bad ones early. We call this the visual illusion where the brain develops (or blends) our perception of reality and expectations -- this can be applied to the markets because we want an expected outcome. Now let’s look at what everyone else is not talking about because the media and industry is using their visual cortexes from what they see on television and processed through hearing. Starting Feb. 21, 2020: The markets fell for 30 days and 20 hours a total of -1,124.54 points (-10.36%). Starting Sept. 2, 2020: The markets fell for 21 days and 20 hours a total of -378.66 points (-10.55%). Starting Oct. 12, 2020: The markets fell for 18 days a total of -315.91 points (-8.90%) Starting Sept.3, 2021: The markets fell for 30 days and 20 hours a total of -262.51 points (-8.90%) Starting Nov 21, 2021: The markets fell (thus far) for 11 days and 4 hours a total of -248.71 points (-5.24%)
SP:SPXLong
by bsdvs23
🔮DIA- didn't make it last round, will it fly now?I thought I'd just re-post this as a reminder, because everything from the last months publication is still valid. BINANCE:DIAUSDT didn't make it last time. The price left the formation in a sideways movement, which at this point has turned into 2months+ of consolidation on key level/200EMA. It is safe to assume that another breakout attempt will come soon. And if it won't- well, then DIA will be of the biggest disappointments this season 🤣🤣 But it's ok, it's part of the game we're playing. Previous post: -------------------------- About DIA: DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply and share trustable data. DIA aims to be an ecosystem for open financial data in a financial smart contract ecosystem, to bring together data analysts, data providers and data users. In general, DIA provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts that can be used to build a variety of financial DApps. DIA is the governance token of the platform. It is currently based on ERC-20 Ethereum protocol. The project was founded in 2018, while the token supply was made available to the public during the bonding curve sale from Aug. 3 through Aug. 17, 2020, where 10.2 million tokens were sold. Source: coinmarketcap
Long
by V0VOLAN
1
*hypothetical* correction vs black swan eventWith a run-of-the-mill correction, I believe the indices will check back to their 200-day moving averages, which for the QQQ, SPY, and DIA are 351.81 (-11.34%), 424.98 (-9.01%), and 344.41 (-5.27%) respectively. So based on the technicals, the QQQ is the most overstretched, followed by the SPY and then the DIA. The QQQ is susceptible to higher interest rates making certain investors less attracted to the very risky assets. The TVC:US10 has been rising. Dow Avg Div Yield: 2.23% SPX Avg Div Yield: 2.00%. As the 10-yr rises and surpasses 2%, the QQQ will see the worst of it, the SPY the second-worst, and the DIA the least bad. In the case of a black swan event, god forbid China invades Taiwan, we could see something like this if they checked back to their 200-week moving averages. QQQ to 239.11 (-39.02%) SPY to 327.96 (-30.16%) DIA to 280.97 (-22.71%) In this instance it would be the same, the most richly-valued tech stocks would feel the brunt of it, the general market (represented by the S&P will take a heavy hit), and the top 30 blue-chip stocks (as decided by Dow Jones) will see something only slightly worse than a 15% correction. *PURELY HYPOTHETICAL* Full disclosure, I opened up small positions in SQQQ, SPXS, and SDOW.
AMEX:DIA
by EBITDAtiger
🔮 DIA- attempting breakout soon? heavy resistanceIf you've seen my other recent posts you should probably know this setup by heart by now, as this scenario (symmetrical triangle breakout) is visible on many charts right now. The price is attempting a breakout right now, but is being suppressed by the key level (1.84), dynamic resistance (upper trendline) and 200EMA. Once it manages to break it, we can expect it to move to the next area of resistance 2.20-2.50 (highlighted red) Entry: average buy in the green zone (current price down to the dynamic support trendline) -- or buy at 200EMA breakout -- or buy later on a local pullback Long-term targets: TP1: 2.23 TP2: 2.54 TP3: 2.75 TP4: 3.48 TP5: 4.24 TP6: 5.15(~180%) TP7: OPEN++ -------------------------- About DIA: DIA (Decentralised Information Asset) is an open-source oracle platform that enables market actors to source, supply and share trustable data. DIA aims to be an ecosystem for open financial data in a financial smart contract ecosystem, to bring together data analysts, data providers and data users. In general, DIA provides a reliable and verifiable bridge between off-chain data from various sources and on-chain smart contracts that can be used to build a variety of financial DApps. DIA is the governance token of the platform. It is currently based on ERC-20 Ethereum protocol. The project was founded in 2018, while the token supply was made available to the public during the bonding curve sale from Aug. 3 through Aug. 17, 2020, where 10.2 million tokens were sold. Source: coimarketcap
Long
by V0VOLAN
2