We stopped being bull late Sept $DJI $SPX $NDXInverse Head & Shoulder Pattern on TVC:DJI is dissipating FAST.
(This pattern helps with bottoms)
🚨🚨🚨
It is GONE for CBOE:SPX , in fact, DANGER!!!
TVC:NDQ about to test support again. Could it be a double bottom or will it break through?
AGAIN, we stopped being on the BULL train in late Sept.
RISK is HIGH!!! VERY HIGH!!!
DIA
10Y & 30Y Yield losing more steamGOOD MORNING!
#interestrates look like they want to slow down a bit, short term top.
We see the 10Y & 30Y pulling back a bit...
But this is better seen intraday.
We'll see how that unfolds...
IF IT DOES, it could cause a sharp rise in #Stocks.
Coincidentally, DJ:DJI @ support & TVC:NDQ is near a major support.
TVC:TNX AMEX:DIA NASDAQ:QQQ
$DJI & $SPX leading, $NDX trails, but $RUT is shining!DJ:DJI is struggling here a bit but it looks okay, so far.
SP:SPX is in the same boat.
TVC:NDQ has been weaker recently but it moved the most out of the indices.
But look at this! TVC:RUT is shinning nicely today!
Looks like it wants to base here & maybe even move higher!
AMEX:DIA AMEX:SPY NASDAQ:QQQ AMEX:IWM #stocks
Stocks went from pump to dump, what's in store?#stocks went from basing & curling higher to topping and rolling over.
DJ:DJI had 5 green candle days. It turned to 3 red days.
TVC:NDQ bounced nicely but it reversed the hardest and FAST.
CBOE:SPX is in between both indices,
CBOE:VIX had a GOOD day.
WARNING!!! The more it hangs around here the MORE DANGER equities are in.
Have a great week!!!
$SPX almost like clockwork to 2022TVC:NDQ has traded back above the NECKLINE (from Head & Shoulders Break down) - Amazing!!!
DJ:DJI has not traded above and neither has the $SPX.
In this chart we see the SP:SPX illustrating the resemblance to 2022.
We've been showing this chart for some time now.
It's amazing how similar they are trading.
AMEX:TYD is running today (leveraged bonds ETF) likely an anticipated demand for "safety" causing #yields to fall.
SGX:SQQ NASDAQ:TQQQ NASDAQ:SQQQ
AMEX:DIA AMEX:UDOW AMEX:SDOW
AMEX:SPY AMEX:SPXL AMEX:SPXS
SUPER CYCYLE BLOWOFF IS ABOUT TO START MY most BULLISH VIEW .We have now ended a INVENTED HEAD N SHOULDERS BOTTOM THIS IS A WARNING IF YOU ARE AT ALL SHORT DO NOT BE >Five wave down in TLT a major ABC rally is in the cards and should see .382 this would be HUGE SHORT COVERING > I HAVE WARNED YOU IF YOU ARE BEARISH > !!!!!
Dow JonesDJI Chart
Checking some TA, which I should have done more thoroughly on SPY, I would have seen the obvious TA screaming we go higher.
Both the SPY and DJI technicals are stating we go higher. RSI, MACD, MFI, and 50MA are pointing to higher moves in the market. In fact, taking a look at the 10YR is another confirmation of where we're heading.
$DJI @ a support level & oversoldStated a while ago, not sure if we posted here but did elsewhere (see profile), that we had short term Treasury exposure @ 50% but it's 75% atm. (it's a placeholder until trend changes)
Should've been shorting the entire time down.
TVC:DJI @ support but this area has not been a strong level.
However, we are severely oversold so that bounce can be close & it can happen here.
Sticking with the idea that large bounces should be sold of shorted until the technical data changes.
#stocks AMEX:DIA
$QQQ Still in Up Sloping Channel NASDAQ:QQQ Until and unless NASDAQ:QQQ drops out and stays out of this weekly channel it seems obvious to me that bulls are in charge. Of course, that can change and quickly but until it does, I remain in the bull camp. This pullback and sideways motion should help set-up more stocks for good entries. All TBD.
So far, (it's mid-day on Thursday so a day and a half to go) we are having an inside week. That is worth noting should it hold thru tomorrow.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
$DJI at do or die!!!This is where we see how serious the decline in DJ:DJI is.
AMEX:DIA has not been this oversold since March of this year.
2nd Pic:
Right side = 15minute chart
The lower part shows the Relative Strength = RSI
At the moment is shows some positive divergence, higher lows as index falls.
This is the battle ground!!!!!!!
Keep in mind that the index has taken a ton of damage technically which is NOT good longer term. At least for now.
#stocks AMEX:UDOW AMEX:SDOW
BOTTOM is the SP 500 A double zig zag has ended into the target Last week I talked about the alt wave structure if we failed at 4521 . I stated that if we fail to break above this we would then see a abc or 5 wave drop to 4331/4303 the ideal target 4303 in a perfect world and that the VIX would see 18.8/19.8 worst case if the bull was still within the final advance . I also want traders to review the tlt post THE MAJOR LOW DUE and the DXY . I look for the sp to march to 4666/4731 from here I am now 100 % long and margin of 5 % and fully long calls today I also took a full 100 % long in IWM target has been met . best of trades WAVETIMER
$DJI broke Head & shoulder & long term trend yesterdayDJ:DJI broke the head & Shoulder pattern on daily charts. However, the volume was not heavy.
AMEX:DIA also broke the up trend from the bottom in 2022
SERIOUS DAMAGE has been done the last 30 days.
We can get a bounce here BUT being Friday, not sure.
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The previous MONTHLY BEARISH moving avg crossover on the DJ:DJI happened in June 2008. We all know that year.
The RSI in 2008 showed clear Negative Divergence & it formed a Doji (cross) at the top.
2008 bear > 14k - 7 = 50%
CV bear market > 30k - 18K = 40%
2022 bear market > 36 - 28 = 22%
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Using AMEX:DIA as it resembles DJ:DJI pretty decently
IF 2021 was the top, looking more & more likely as:
RSI did not move strongly
2021 showing Negative Divergence
AND the recent rally was SUPER WEAK!
(wanted to see a stronger relative strength)
But rates can now be dropped & they can come and save the day. Very likely scenario in 2024.
I am now 100 % net long wave B low is in place 55 day crash endI am now moving to 100% net long in dia spy and qqq we now have a p/c model buy and we have the 55 daycycle the CRASH cycle is today sept 21 all crashes have been 55 to 62 days from the peak the peak was july 27 th I will now look for a sharp rally to above 4541 and then will assess but fell that the final peak is oct 16th week plus or minus 3 days at or above 4666 to 4731
DIA is Ready For an Explosive Bull Rally | DIA Analysis Today💎Paradisers, turn your attention to DIA/USDT! The asset has just escaped a well-defined trading range and is setting the stage for a likely bullish surge.
💎If this breakout unfolds as we expect, get ready for a significant upward rally with DIA.
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💎Reflecting on past trends, we saw a transition from a demand to a supply zone, resulting in a significant price drop and targeting the previous Order Block (OB).
💎In the ever-evolving landscape of crypto, staying vigilant and flexible is essential. Keep those charts refreshed and stay tuned for more updates!
$DJI not showing much, indecisionTVC:DJI
Daily:
Closed lower BUT it closed higher than open (doji candlestick pattern). This is the 2nd day in a row it's formed a DOJI = INDECISION.
RSI struggling in 50 area and is not good for the bulls.
Weekly:
Trading above both moving averages.
The RSI hasn't crossed the sub 50 on this short term weakness. THis is good for the bulls.
AMEX:DIA #stocks
$NDX $SPX $DJI forming ominous patternAs we mentioned yesterday, the TVC:NDQ is poised for a big move some time this month.
After posting that, noticed this pattern. Was busy so didn't write it up.
Was out all day celebrating daughter & nephew's bday🎉
Do you see it on the DJ:DJI & CBOE:SPX as well?
We bring up the Head & Shoulder Pattern every so often. It signifies tops.
HOWEVER, this pattern needs the confirmation of breaking the neckline (bottom line - support), especially with volume.
TVC:RUT stays in channel the entire time
#stocks NASDAQ:QQQ AMEX:DIA CBOE:SPX AMEX:IWM
$DJI also forming symmetrical triangleOriginally worked on this 4hours ago
DJ:DJI is also at the 2022/2023 trendline.
It's also formed a Symmetrical Triangle - see previous TVC:NDQ post .
Daily, the RSI broke the downtrend but it completely fizzled.
Weekly, the RSI is holding above the 50 area BUT it is testing it.
IF it breaks this 50 area we will likely have more downside.
Monthly, STILL Above the short term averages since crossing bullish in 2010.
#DJI #Stocks
Nasdaq Futures - Are You Prepared For Red September?The last ten days of price action produced a retrace of significant magnitude that was very kind to institutional friends who were net long from early June.
That is to say, what has transpired since all three indexes took their January of 22 failure pivot levels in early July has been more consistent with an optimal short entry combining with a bull trap, combining with a chance for big players who were either still full long or partially long to mitigate their losses and exit their positions.
But retail, especially those who foolishly follow the messages emitted on social media, regard price action as "confirmation" that we're on our way to a new bull market.
The macro economic situation is that the Federal Reserve has reiterated that while it may slow the pace of hikes going forward, depending on economic data, there is no intention whatsoever to pivot.
When you consider the above in light of monthly candles trading so far above their long-term trendline, big big danger flags should be going off in your head.
The reason is that Fed rates connect to bond yields. Bonds also have a feature where as they pay more interest the price also goes down, way down.
What this means is that there's huge alpha to generate for big funds and big banks who trade very long time frames in selling equities at a high price, buying bonds at high yields and low prices, and sitting on that position instead of taking risks on commodities and equities while the world is in a really bad situation.
Weekly candles show us more clearly that significant areas of concern that should be retraced to before any further upside is rationally thought to be on deck were not achieved before the bounce.
A big problem facing the markets at present is the existence of the Q3 "JPM Collar," which I discuss here:
SPX/ES - An Analysis Of The 'JPM Collar'
It's worth noting that JPM, which sold calls with a strike of 4,665 at the end of July, has not been in the red on that portion of their position yet, although whoever bought them has certainly made money since price approached 4,665 very quickly after purchase.
The bigger component of their trade is that the most significant bank on this planet is long 15,800 puts with a strike of 4,225 that have never been in the money since they were purchased.
Expiry date is September 29.
Because of time decay, for JPM to break even on that portion of its position, we would need prices approach 4,000 and the VIX to push over 20 to pump implied volatility premium, and all in only a few weeks.
And although this is a Nasdaq call, one index fuels all three indexes.
A problem with thinking the indexes have bottomed is that while the Nasdaq may have rebalanced a gap before the pump, the SPX did not:
And even less did the Dow, which has traded like a heavy bag of rocks despite having the strongest recovery from last October's dump of any of the three indexes.
The algos have a habit of making all three indexes do the same thing before the page really turns.
You're also dealing with a worldwide economic and geopolitical situation where everything is heavily balanced by a horsehair.
And that horsehair is the Chinese Communist Party, which looks like it will take Xi Jinping to its grave with it.
The CCP is about to collapse, and it will happen overnight, in the middle of the night, and there will be a lot of gap downs.
The reason the market is still trading in a structured way is simply because the U.S. Empire and the globalist faction, which wants to install the CCP's Zero-COVID Social Credit system worldwide, ramble on about "War With Taiwan" all the time because the intention is to take control of China when the CCP falls using a Taiwan-based proxy.
"But the best laid plans of mice and men often go awry."
The problem for all of humanity is the 24-year persecution of Falun Dafa's 100 million spiritual practitioners by the CCP and former Chairman Jiang Zemin starting July 20, 1999.
Organ harvesting, rape, murder, and things worse than organ harvesting have never been beneath the CCP, and unfortunately, the rest of the world who has been funneling blood to the Party all these years to keep it afloat so it can keep on lying to the world.
And so what I can tell is arranged is that we dump hard into the end of Q3, and then it seems to me that we rally in Q4, probably back towards the index highs, with all of 2024 being an economic nightmare.
Donald Trump looks like he's going to prison and won't be able to save you. Not that Donald Trump is capable of saving anyone, lol.
So Biden will win by default because nobody is going to vote for DeSantis or Vivek, and the socialist spending schemes and the crashing of the world economy is arranged.
But because the CCP is on the brink of falling and China is not a country that any outside forces have ever been able to capture in its 5,000 year history, perhaps before the year is out we will see the rally truncated sharply.
"Watch Out For Fire."
The call:
Short Nasdaq now anticipating a ruthlessly bloody September, close under 14,000.
Go long under 14,000. Close when you have a lot of profits and cash out.
Brokerages aren't going to be processing withdrawals anymore than Binance is right now when the CCP collapses.
Everyone will be trying to run for their lives. It's very dangerous. Nobody should have supported Marxist-Leninism, the CCP, and the persecution of Falun Gong's true cultivators.
But they did. And the consequences are not something people can bear.
DIA WAVE B LOW IS IN WAVE C UP TO START NOW TARGET 355 The DIA is not the same wave structure formed as compared to spy or qqq . it was a very clear 5 wave up and we now have a clear 3 wave decline we should now see a nice 5 wave rally to 355 and this would be a ABC rally from that peak we will see a PANIC FORM ideal date to peak sept 12 now
SDOW: Bullish Dragon and Deep Cypher with PPO ConfirmationThe 3x Inverse ETF of the Dow Jones Industrial Average has formed a Bullish Dragon and has broken free from it at the PCZ of a Bullish Deep Cypher with a Bullish PPO Confirmation Circle. If things go as one would expect, then we will see this ETF pump up to at least the 61.8% Retrace, but given how Bearish so many of the Heaviest Weighted Holdings in the Dow look right now like: MCD , UNH , MSFT , GS , and AAPL , I now think we may even go as high as the 88.6% Retrace.
$DJI - Rising Trend Channel [MID-TERM]🔹Achieved target price at 35137 after a breakout of the Rectangle Formation.
🔹Support at 34200 and Resistance at 35600.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
◦ DT: Double Top | BEARISH | 🔴
◦ DB: Double Bottom | BULLISH | 🟢
◦ HNS: Head & Shoulder | BEARISH | 🔴
◦ REC: Rectangle | 🔵
◦ iHNS: inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️