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DIA

QQQ D1 update: 20%+ correction SOON(NEW/UPDATE)Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates QQQ D1 update: 20%+ correction SOON(NEW/UPDATE) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Yes, I know, called that previously, and since then we still pushed slightly higher. However, only producing marginal highs since then. TSLA also gone parabolic pushing Elon Musk's networth >70 BLN USD in process, which is beyong ridic and just confirms that we are now in irrational exuberance / late stage of the bull market. 🔸 Summary and potential trade setup ::: QQQ daily hour chart review ::: fake V-shape recovery spells trouble ::: C1/C2 is 1.44/1.62 extension of AB swing ::: we are likely already maxed out ::: or got very limited upside from here ::: either way setting up for 20%+ correction ::: 3-5 weeks of correction incoming soon ::: better be prepared in advance ::: when there's GREED there's also PAIN ::: get ready for 20%+ decline in QQQ ::: a lot of OPEN GAPS left behind ::: they will get filled soon ::: good luck traders 🔸 Supply/Demand Zones ::: 205/188/176 fresh demand zones ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment: BEARS ::: Sentiment outlook short-term: BEARISH
NASDAQ:QQQShort
by ProjectSyndicate
4
DOW JONES MAJOR MARKET TREND REVERSAL! I decided to publish this analysis of the Dow Jones since I found it to be very significant. The chart suggests that we have reached an end of a long bull market run that lasted around 10 years. It appears that we now are transitioning into bear market! Oh well, the bears need some time in the spotlight too! As you can see, we reached higher and higher highs as well as higher and higher bottoms in the market until we reached the all-time high of over 29,000 back in February. Since then we have experienced a few rallies but peaked at 27,250 earlier this month. Looking at the bottoms, we can see, and recall, almost too well how we hit 19,000 back in March. Remember, the little crash back in December, 2018? We found support at around 22,300. So, we now have identified a lower low and a lower high. This creates our new bearish trend. As you can see, I have connected the dots on the chart, and you can see how the bull trend has been broken and the beginning of a bearish trending channel (red dotted lines) has formed. I expect the market to move within this bearish channel for quite some time. As you can see, we will not hit any new market highs this year considering that the resistance currently is positioned around 27,000 and will trend lower from here. The bottom of the bearish channel intersects with a green support line around 16,700 in April, 2021. If the channel holds, 16,700 represents the worst case scenario in terms of a low on this time frame. This green support line represents strong support as it has acted as such since 1982. Thank you for entertaining my idea. See you somewhere inside that bearish red dotted channel!
TVC:DJIShort
by Larssonator
DIA - 22.6.2020- WHAT COULD WE EXPECT OF.. Hi, traders. My name is Lukas and I am a beginner in trading, respectively, I only trade 9 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest. Short description of analysis: We are getting out of the average local volume profile values, so be aware and expect input at $ 250. Of course, this must be confirmed by the volatility index. Keep in mind important fundamentals.Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.
AMEX:DIA
by Lucas_Sochulak
Dow Jones Long-term Megaphone, Limit Reached to the TickOn both the long-term (weekly and monthly) S&P 500 chart and here with the Dow monthly chart, one can see a large megaphone structure or broadening pattern. In both cases, the Fed balance sheet reversal and then repo-induced mania of last year created an overthrow. On the S&P 500 megaphone, this bear market rally culminated in a small overthrow again, but that index now sits once again inside that structure. With the Dow, on the other hand, the rally came to an abrupt halt as it found resistance at that structure and subsequently retreated from it, to the tick. In this chart, it is forming a very strong, long-wick rejection candle. I do believe we will be making our way to the bottom channel once again. We will likely find some support there, but I believe it will then fall out of the structure altogether, the common conclusion of a pattern like this.
CBOT_MINI:YM1!Short
by CHTradingGroup
USOIL/WTI H4: Scenario analysis with SL/TP bulls/bears(NEW)Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates USOIL/WTI H4: Scenario analysis with SL/TP bulls/bears(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: USOIL/WTI H4 chart review and setups ::: weak chart, more downside likely ::: gap fill in progress, upside limited ::: two primary options outlined on the chart ::: Option1: Distribution at the top, short range highs ::: short-term TP bears is 35 USD/bbl (14% pullback/correction) ::: Options2: mild upside remains, H*S setup on the right ::: short from the highs near 42.50 USD/bbl ::: TP bears is the same: 35 USD/bbl ::: later on you can flip LONG/BULLS near 35 USD/bbl ::: TP BULLS is 40 USD/bbl ::: so get ready to make money in this market ::: good luck traders ::: for SL use 1-2% max exposure 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9/Combo update: N/A ::: Sentiment: BEARS ::: Sentiment outlook short-term: BEARISH
TVC:USOILShort
by ProjectSyndicate
3
Dow Jones Bearish Wedge Breakdown and Failed BacktestThe Dow Jones futures, much like the NASDAQ and S&P 500 futures has formed a bearish rising wedge from the March lows. Last Thursday's bloody drawdown broke the index out of this structure, after which it tried to recapture it, which then failed, and a subsequent backtest looks to have failed now as well. This is in keeping with the other major indexes. Any forthcoming selling from this point spells serious trouble. I am seeing rising similar patterns everywhere at this point.
CBOT_MINI:YM1!Short
by CHTradingGroup
2