DIA - Daily Bullish L2 Exhaustion SignalAMEX:DIA has triggered a daily bullish level 2 exhaustion signal. This signal has triggered 13 times over the past 20 years with a win rate of 84.6% and average move of +3.6%.
DIA trade ideas
DOW JONES INDUSTRIALS HAS TOPPED Wave 1 down is in The chart is that of the DJI similar to the NYA pattern . I have now a clean 5 waves down I would look for a ABC in the NYA and DIA the next 3 td and we should see new records highs in QQQ SPY and MAGS . I will wait to enter my positions in puts next week . I have said I am Bullish the US $ for 2025 and see 117/121 handle . Best of trades Wavetimer .
(GET READY). DIA is right above the 50DMA for FOMCDIA has had a solid sell off ever since we made new all-time highs on December 4 look at that 35 EMA (the red line) We’ve been trading underneath at the entire time and right now as I’m posting this about an hour and a half before FOMC we’re sitting right at that level. It is a critical level. We’re also sitting right on top of the 50 day moving average and then on the Green side of the weeks trading range we have the one hour 200 moving average and the 30 minute to removing average so you should know all of those levels. You should have them on your chart and the top of the implied move is 445 on the lower side It’s 432.
GL
DIA should go up until the beginning of December...I am using the Heikin Ashi candlesticks as they show more of a directional movement thru the charts. Typically, you should wait until there are 2 green Heikin Ashi green candlesticks before entering.
The typical uptrend of the DIA has been about 10-12 days.
The typical move of the DIA has been about a 25 pt move per month which is about 454.
The target of the 1.618 Fibonacci is 453.
And typically the DIA has moved about 10 to 12 days up which would be about Dec 9th as a target.
Even though you do not see the daily indicators shifting, if you look at the 6 hour charts, you can see the Stoch RSI moving upward, but the MacD and the DMI are not indicating a move upward just yet. And typically, I would like to see 2 green Heikin Ashi DAILY candlesticks before entering the market.
The DIA will move upward until about Nov. 26 then it will trade sideways around the US Thanksgiving before it keeps moving upward until around Dec. 9th.
The FED meeting is on Dec 17-18th with the meeting associated with a summary of economic projections. I suspect this will be slightly negative as there will be a downward movement around that time until Christmas.
As I have said in my previous charts, I find the 5 minute indicators show what will happen in the next half hour, the 10 minute indicators show what will happen in the next hour, the half hour indicators show what will happen in the daily charts and the hour indicators will show what will happen over the next few days. (My opinion, not fact)
I trade simple ... if I can't see the trade in a few simple steps, then this is not the trade for me.
Also, I explain my trades in more detail for me, not for you. Repetition is the key for me. If I repeat it over enough in my head, it will more likely stick.
Happy Trading everyone!!! :-)
Which side would you bet on???The market may be experiencing or expecting a seasonal stock market rally around the holiday season, often called the "Santa Claus rally."
The image shows a potential "Island Top" pattern, where the market temporarily breaks above a trading range before reversing back down. This could suggest a pullback or correction is possible after the current rally.
The chart doesn't provide a clear directional signal for which side to bet on. It depends on one's market outlook and risk tolerance. A cautious approach may be to wait for confirmation of the market direction before taking a strong position.
An aggressive approach would be the Option Strangle strategy..!
But which contracts?
write your suggestion in the comments!
*A strangle option strategy involves buying both a call option and a put option on the same underlying asset, with the same expiration date but different strike prices. The goal is to profit from a large move in the underlying asset price, regardless of the direction. The key points are:
- Buy a call option and a put option on the same asset
- Same expiration date, different strike prices
- Profit from a significant price move in either direction
The strategy allows the trader to profit from volatility without needing to correctly predict the direction of the price move. The risk is the premium paid for both options.
$DIA Trading Range for Today 12.5.24DIA
The implied move on the day here is between 447 and 455 and that is from options and the implied move on the week is 444 to 456.
We have been consolidating around the 35 EMA this week we did new highs yesterday And only two levels in the trading range are all-time highs and the 35 EMA. Definitely a straightforward trading range.
$DIA recap for 12.4.24So DIA did open with a gap up and push to make new all-time highs by just a penny or two. So DIA did re-gain control of the 35 EMA and we are back in green territory for the week.
$DIA Trading range for 11.26.24Yes, I am calling for a down move here. Just a hunch. The 35 EMA is in the cream which is our signal for a down move. Extreme overbought.
$DIA Trading Range for this Week DIA opened at the very top of the Clyde move at 4:48. We are overbought here. I think we’re at the top of the week.
DIA - Dowjones could possibly fill the gap upwards then continue down to fill the large election gap and tag the 50ma, which will act as a big support
DIA will go up after the election .... regardless of who wins.Like the title suggests, the DIA will go up after the election, regardless of who wins. I do NOT trade based on events, I trade on what I see in the charts.
I just started to use the Heikin Ashi candlesticks on my charts as I find they can show a definite trend direction just with the candlesticks themselves. Typically, you are supposed to wait until there are 2 green Heikin Ashi candlesticks before entering the market. (I am still learning about the Heikin Ashi Candlesticks.)
If you look at the indicators on the daily chart, specifically the DMI, Stochastic RSI, and the MacD, you can see that they are starting to shift to indicate a bullish move. Typically, I used the half hour, the hourly and the four-hour chart indicators to confirm that this is indeed a bullish move. As long as all of those indicators align to confirm a trend, then I am in.
I find the 5 minute indicators show what will happen in the next half hour, the 10 minute indicators show what will happen in the next hour, the half hour indicators show what will happen in the daily charts and the hour indicators will show what will happen over the next few days. (My opinion, not fact)
Typically, the moves in the DIA in the previous months have been about 25 pts to 30 pts which will give a target of about 442. Coincidentally, this is a fibonacci number of 1.618. I use the fibonacci numbers as a loose target or an approximation of a target.The DIA should hit this target around November 25th, just before US Thanksgiving. The move in the previous months lasted approximately 14 days. It may move up slightly after Thanksgiving as the move has typically extended to 30 points.
I trade simple ... if I can't see the trade in a few simple steps, then this is not the trade for me.
Also, I explain my trades in more detail for me, not for you. Repetition is the key for me. If I repeat it over enough in my head, it will more likely stick.
Happy Trading everyone!!! :-)
$DIA Analysis Key Levels & Targets 434/433 bull put spreads hereLook at that. Took it all the way down to the bottom of the implied move here 434. I just sold 434 433. Paul put spreads on the day. Let’s close above 434.
$DIA Analysis, Key Levels & Targets for Day Traders. The implied move for the week for DIA is 434 to 447. The 35 EMA is just underneath us and we’re due to meet back with that level and see what technical look like once we do. We are currently being propped up by the momentum of that up gap underneath the implied move for the week but if we close near the bottom of the trading range near 434, then I would be looking into that election gap because there is a gap with a bottom around 427 the gap that needs to be Filled.
My opinion – I think we’re at the top of the week right here .
MAJOR TOP I am now 90% short every indexThe chart posted is the Dow jones index I a now moving to a 90 % long in the money PUTS on what is rather clear wave 5 on GOOD NEWS on or by nov 15th to the 19th I am looking for an EVENT best of trades THE WAVETIMER
Market Status: I will be stepping aside from the Markets because my "dot" indicator (RSI2) is now RED and we are under the 50sma line. Once my 'dot' indicator go back to yellow, then I will consider looking for new setup. On the RSI5, we are also in overbought zone. Which is good because once we start rebounding we can also to go long. Got to be patient for now. :- )
DIA is going up in October ...I suspect the DIA will start to go up in October. The 4 hour, 5 hour and 6 hour indicators have already indicated a move up. So the 7 hour and daily indicators will follow shortly. If you look at the 7 hour Directional Movement Indicator, you can see that the +DI is just turning and it is looking like a move up.
I just started to use the Heikin-Ashi candlesticks as I find they show more of a definite direction on the chart itself. But I am still learning about this. :-) But you can see on the chart how you can see a definite direction on the chart itself. The Heikin-Ashi candlesticks are fascinating. I am trying to learn more about them.
I use the MacD, DMI and the Stochastic RSI as my indicators, currently.
I am using the fibonacci tool to give me a general idea for a target. But I am not using it correctly.
The DIA has typically been moving between 25 - 30 points per move up so I am anticipating a move to 438. I anticipate it will move up until Oct. 20th - 22nd, then trade sideways before the election. After the election, regardless of who wins we will see the market go up.
We are also in the 5th wave of the Elliot wave, so it's not surprising we will move up.
I realize this is similar to my post about the SPY but I just thought I would try the DIA. I may expand my horizons looking at a different symbol!
Happy Trading Everyone!
$DIA Analysis, Key Levels & Targets for 10.24.24OK, so the bottom of the implied move for the week and the top of the implied move for the day overlap with a bear gap. That is a very interesting signal and something that I have never seen before. So, getting back into the implied move for the week could be a challenge, which is above 427.
Without being sad, the implied move for today is between 420 and 430. To the upside, we have the 30-minute average, and right above that, the 35 EMA. Those two levels need to be watched carefully because they will determine direction. If that 35 EMA (the red line) crosses underneath the 30-minute moving average, then we are bearish after a pretty good run. But, we can, of course, bounce here. When I say bounce, I am talking about the 35 EMA, but where futures stand right now, a crossover underneath is more likely at this point.
And at the very top of the implied move today, right there at the bottom of the implied move for the week, is that bear gap that we made yesterday. We bear-gapped and dropped away from the 35 EMA; that is 430 on the high side, 427 on the low side.
And then underneath us is that one-hour moving average, which did catch us almost to the penny yesterday. Below that, 420 is the bottom of the implied move if we do break that one-hour moving average with conviction.
It does look like we lost our 427 support that we made after PPI earlier in the month.
Let me know what you guys think and GL.
$DIA - PPI GAP CLOSED - interesting signals in DIADIA also gapped underneath the bottom of the implied move for the week, which was 427, and dropped from there. We saw 427 as support the day before, then we popped up to the 35 EMA, and then gapped down underneath the bottom of the implied move. That is a very interesting signal; we saw 427 as resistance, and then dropped underneath the 30-minute moving average, filling the bull gap from earlier in the month after PPI.
$DIA Analysis, Key Levels & Targets for 10.23.24The implied move for DIA tomorrow is between 424 and 434, while the implied move for the week remains between 427 and 438. Anything below 427 is considered very oversold for the week.
To the upside, the 35 EMA is right at where we closed today, and it’s the first level we need to pay attention to. If we get above that, the next resistance level is around 431, where a pivot resistance-turned-support lies. If we break through that, the next target will be the all-time highs at 433.20, with 434 as the top of the implied move for tomorrow.
On the downside, 427 is the bottom of the implied move for the week. We bounced off that level today, and it’s been a key support level on October 16, 15, and even had some action on October 14. So, 427 is our current support. Underneath that, we have the 30-minute 200 moving average.
If we break below the 30-minute moving average, there’s still some of the trading range left below us. We also have the gap from PPI data back on October 11, with the bottom of that gap aligning with the implied move bottom at 424. Below that, we have the one-hour 200 moving average, providing additional support at the very bottom of tomorrow’s trading range.
$DIA Analysis, Key Levels & Targets for 10.17.24
Ok so we are just under ATH’s here.
The implied move for tomorrow is between 427 and 435.
That’s about all I’ve got in me for this analysis tonight… LOL. If you’ve been watching the vides lately then you probably don’t even need an explanation.
GL tomorrow, y’all
$DIA Review of 10.16.24 price actionAMEX:DIA Review of 10.16.24 price action
Strong move today in DIA back up to just underneath all time highs. Stayed within the implied move. Careful - the closed bear gap could be resistance.
