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DIA

Historical Analysis of the DIAHistorical Analysis and Monthly Chart : The DIA showing Strong Major Bull Trednd with serveral interaction with the Return Line (RL). Note the Pick in Momentum since February 2016 (or B3), the next Major bottom made above the Major Trend Line (MUT), and therfore showing the failure of the Bears to take the price downward. But, we dont see strong sign of buyers either. The DIA is inside big Consolidation that lasted for almost 2 years (since Oct 17). Weekly Chart : The Resistance Area between 265.88 - 267.53 Established in Jan 2018, the second attempt to go above that level accured 1 year ago (Sep 2018) and the reaction was very violent and took the price to far down levels. Since then the price hit the Resistance Area 3 Times : 1) April 2019 - the price got into resistance reaction and made New High Bottom. 2) June 2019 - the price go through the Resistance Area, Failed to continue, and made new higher bottom bellow that level. 3) September 2019 (these days) - the price close above the area last week, but with relatively low volume. We need to keep an eye on the price this week and look for the power of the buyers, how far they can take the price up (if any). Notice also the Volume Activity in the Consolidation Area - Pickup on down moves, and diminsh on the Rallies - weakness . Daily Chart : The Daily chart does not give us alot of new information. But we can see the Trading Zone (sort of Rectangle), and the price movement above it. The Minor picture is Bullish. Conclusion : Since B4, the overall picture looks positive. But the Key for understanding the coming moves relly on the reaction to the Resistance Area, and the examination of the Bulls Power. Any High Volume Bullish Activity above the Resistance Area, can take us again to the Return Line (RL). If we will see Second Failure on the Resistance Zone,we need to examine the power of the Beats, and the next areas to look for are the bottom of the trading zone, and B4.1. If the Bears will act Aggresivley and take the price bellow B4.1, the picture is very negative and the next level is the MUT.
AMEX:DIA
by Ido_Havazelet
$DIA $DJI $DJIA $DJ_F - Dow Testing Key Monthly ResistanceAs market volatility has died down in recent sessions, off the back of calming geopolitical tensions in Hong Kong, as well as between US-China, it appears that the $DJI has broken out of its "Channel" formation and is moving higher. Given this move, the $DJI is trying to make a run for 26,876 - a Key Monthly Resistance Level (Blue) for the index. One thing to lend support to the $DJI move higher has been the fact that its RSI is showing positive divergence with current price action. If the $DJI can successfully "Breach and Close" above 26,876, it would be a good sign for the market. Investors should watch this space.
CBOT_MINI:YM1!Long
by EconomicsGlobal
DJI Update 14 August 2019Daily Data for Wednesday 14 August 2019 In Bear Territory Price Projection: 25119 (break out) 24076 (if negative strength prevails) HMA: Very Strong Bear BSI: Bearish Bull RSI: Bear Bear RSI: Bear 5 RSI: Negative Consolidation:Broken to the low side Price- Trend: 2.93x ATR Prices are now 2.93x ATR away from the mean. Expect some mean reversion (return toward the MAs) before any further movement. Attached yahoo finance article regarding the futures position for the 15 August 2019. This is an example of set-up for a reversion to the mean. We may start there and fall or we may start low and move high. What ever the case may be. Prices don't like being 3x or more away from the mean.
DJ:DJIShort
by priceprophet
S&P Next Week Expected Move ($58.5) and Gravity PointsGravity Point at $2911 looks like an objective Long . Short term , this is oversold, 5 days down in a row. Plan on exiting the long at the Red Box . I could see another shorting opportunity if we got to $3000 again. Expected move increased by $20 after last week had a 3 standard deviation move down, breaking the trend we had built. Last major week of earnings ahead. Goodluck next week gentlemen, - RH Last Week's Post: (Expected Move: $38) Zoomed out 30 minute view of most recent uptrend: Zoomed out 2hr view of the most recent uptrend:
CME_MINI:ES1!
by RHTrading
Next Week Expected Move ($32) and Gravity Points + ExtraThink we're going into a melt up. Powell all but confirmed a rate cut. Last week I mentioned watching Bonds closely, and that played out well. I've had a long term target from 2017 coming into play here, we'll see what happens and if technicals remain relevant over longer time frames. Earnings next week can shift the narrative either direction. I think much has been priced in, both bullish and bearish. Last Week's Post: Extra - Unfilled Gaps: Value Line Geometric Divergence: HYG/TYX Divergence: Small Caps Look Interesting:
CME_MINI:ES1!
by RHTrading
S&P 500 Next Week Expected Move ($45) and Gravity PointsLeaning slightly bullish due to the weight of the evidence but there are too many binary events coming up in the coming week that could throw off my thesis. Plus we rallied so strongly the last 3 weeks that I wouldn't discount the fact that the market might just consolidate while it waits for the G20 meeting. Blew through last week's expected move ($41) and had a $63 gain on the week. This next week the options market is pricing in a $45 move higher or $45 lower, nondirectional. Amazingly, for the first time in 18 months I have no Gravity Points lurking above us to target. They have served me very well and I hope they have for you. I will continue to locate Gravity Points going forward as we make them. Many significant things occurred this week. I'll list those I'm aware of: (Negative) - Economic data is now definitively weakening - shown by the Empire Manufacturing Data and several others (Positive) - The Dollar; $DXY, $UUP is on the brink of breaking down (Neutral) - Most interestingly; $GOLD, $GLD is breaking out of a 5 year base which adds to the bearish case on the USD (Neutral) - I think Small Caps $IWM might turn the corner and start leading relatively soon here, the ratio between the $IWM and the $DIA is at the low end of its historical range, however my two favorite market leading indicators the IWM and DJT weekly charts failed at the moving averages and is nowhere near all time highs which is bearish. (Positive) - Market Sentiment is very neutral, which is odd given that we are making new all time highs and a positive omen going forward (Positive) - Copper is staging a bullish reversal which is a relief for foreign equities (Positive) - OIL; $USOIL is staging a bullish reversal which is also bullish (Neutral) - Quadruple Witching occurred this week which means there's a lot of rebalancing going on (Negative) - The $VVIX and $VIX are both back to considerably low levels (Neutral) - The correlation between bonds and stocks is very high and unsustainable; typically I trust the debt market over the equity market but not this time (Positive) - Bonds; $TLT created a significant bearish divergence after rallying for nearly 20% in 6 months (Positive) - Related to the TLT, the $TNX had a capitulation low at 1.95. Now that the FOMC is out of the way, I think bonds will stop advancing in the near term. Scorecard: Bullish - 6 Neutral - 4 Bearish - 2 Last Week's Post: I'm not sure if this makes any difference for getting this post out there or not but I'm going to try it out anyways. Don't know how the system works. $SPY SPY $ES1! ES1! $SPX SPX $DIA DIA $QQQ QQQ $NDX NDX $IWM IWM $RUT RUT $IYT IYT $DJT DJT
CME_MINI:ES1!
by RHTrading
1
S&P Next Week Expected Move ($47.25) and Gravity PointsNeutral Call. I think the ' h-Pattern ' we have here will provide a nice bump in price but I think selling pressure will keep the market relatively rangebound especially during next week's shortened 4-day week. Our Standard Deviation trend lines have been working quite well. I believe we have enough data to call them reliable. I highlighted in a green circle what was a nice trade setup that I missed. Had a confluence of support there from the Gravity Point, Expected Move, and SD after the completion of a 5-wave move. Best of luck next week gentlemen and have a nice Memorial Day weekend! - RH $SPY SPY $SPX SPX $ES! $ES1! ES1!
CME_MINI:ES1!
by RHTrading
2