DIA trade ideas
Observation for the DowSimilar to the SPY chart. Trading volume for the first half of the bull run was twice what it was for the second half. Prices are falling the levels where there are significant volume levels. This level might be where investors hold the price. Just a thought.
Watching TWO Levels on DIA - 177.5, 164.5DIA (SPDR Dow Jones Industrial Average ETF Trust) is falling close to the previous sideway consolidation (Aug 2015 - Feb 2016).
Watching TWO Levels on DIA:
- 177.5 (Where DJI started its long bull market from Nov 2016)
- 164.5 (Above the legs of the previous sideway consolidation & 2.618 of the Fib Cicle)
These levels show some reset for the market and should show some support.
Go LONG on that. There could be a big rally before the US Election 2020.
Dow crashes through trend linePlummeting through the trend line where is the support? 50% pitchfork off entire post financial crisis climb/2015 highs
Belajar Trend1. Apa itu gelombang
2. Top dan Bottom
3. Impulse dan Koreksi
4. Gelombang naik dan Gelombang Turun
5. Gelombang dan Bukan Gelombang
Trend line retestAfter capitulating through the trend line on thursday, the last 30 min ramp back to re-test the line on friday
DIA Chart Potential Flush Coming!The DIA (Monthly Chart so far) has now broken the 2018 lows and a quick Flush down may be coming within days!
DIA- LONG TERM INVESTING DIA at the 200MA on the weekly might not be the bottom, but a nice place to nibble. I'll be adding at that level.
DIA - support channels!DIA has given up 78% of the move from the December 26, 2018 low to the top two weeks ago. The move has been swift and panicky despite the markets acting orderly. Downside volume v upside volume is at extreme levels along with breadth. Stocks hitting new 52 week lows are also at extremes. There is arguably a final channel that coincides with the downside impulse leg FIB level that I have marked and the 2015-2016 lows at around 227. It would make some sense that the market might turn there from a very very oversold condition. That would be if things were sensical. We are flying blind but the types of moves we are having and the volume of trading may soon lead to a tradeable bottom. The movements are extreme and I would expect that any snapback may look very similar. The Biden bounce was a trap and the selling over the last 3 days has been punishing. Stay alert and build good watch lists. When it turns it will be swift and catch a lot of people leaning the wrong way.
DIA = 50% retraceMarket up 1293 on Monday, down 783 yesterday, and up 1173 today. Net positive 1700 points or so for the week after being down 5000 points the prior week or so. Looks like it can carry a little further but I expect it to hit channel resistance and get turned away. Biden was certainly a positive today but not sure what this means in context of virus. Market has a way of shaking weak hands out but not sure there will be enough strong hands to hold going forward. Still looking for a retest of the lows.
DJIA: WHAT DOES THE FUTURE HOLD?THIS LATEST DIP IS NO WAY NEAR THE CORRECTION THAT IS TRULLY NEEDED. DDM'S HAVE ABSORPED LATEST PUBLIC SELLING BUT NOT MUCH ROOM ON THE UPSIDE? ON THE POSITIVE, THERE ARE MANY BLUE CHIP STOCKS THAT ARE UNDERVALUED BASED ON DIVIDEND YIELD THEORY. UNFORTUNATELY, THESE STOCKS ARE LANGUISHING BECAUSE OF PUBLIC FEAR AND THE EXTREME LEVELS OF THE DJIA WHICH HAS BUT A DAMPER ON BOTH PUBLIC AND INSTITUTIONAL SENTIMENT.
weekly chart, using yearly CM pivotsusing the CM_Pivot Points_M-W-D_4H_1H_Filtered indicator on
a weekly chart just showing yearly pivots
definite blood in the streets on SPY, DIA and QQQ.
On SPY, if the pink level holds.... the temp bottom?
spy
dia
#DIA Multi year bull trend firmly intact DIA can shed another 8-9% before it will be tested. Lots of room on the downside.
DIA Target 2250. Called 10% decline last week.Called the %10 down last week (See last Idea) and I think we are not done yet. Most tech stocks are still overbought AMD, AAPL. We could get a relief next week but it will be a trap.
