$DIA Analysis, Key Levels & Targets for Day TradersAND DIA - we returned to Center pretty quickly here back to the 35 EMA we just snapped right back. We do have a red signal line here so I would be targeting 438 and that 50 day moving average. I’m doing this analysis really quickly because markets are already open, but I will go over everything on tonight’s video. We do have a 1hr 200MA pull this week to the downside that is around 433.
DIA trade ideas
$DIA Analysis, Key Levels & TargetsToday’s expected move for DIA is between 442 and 448 and that is a .58% move and underneath us we do have 35 EMA clearly a support all week. It is at the bottom of the training range and that could pull us down just because of the positioning of it but so far it is support so keep an eye on that we are extremely over bought look at stupid Willie down below, looking like a pullback is likely and again we have that one hour moving the 30 minute underneath that that in itself is Berish but the fact that the one hour is facing down it’s very likely we come up onto that sooner than later and I mean next week for DIA this week the top of the week was supposed to be at 4:41 while that is still possible that is not in today’s implied move so if you did sell 441 calls, it could be a good time to roll those out to next week, and really yesterday would’ve been a better day to do that but today still a good day to roll out and reposition for next week for a pullback
DIA Technical Analysis and GEX Option Trading InsightsTechnical Analysis for Trading
Current Price Action:
* DIA is in a strong uptrend, maintaining higher highs and higher lows.
* It is approaching significant resistance at $445, with support established near $430 and $426.
Trend Lines:
* Upward momentum persists, supported by a rising trend line. This provides a bullish bias until broken.
Indicators:
* MACD: Positive momentum is weakening, signaling a potential cooldown but remains in bullish territory.
* Stochastic RSI: Overbought conditions indicate a possible short-term retracement or consolidation.
Key Levels to Watch:
* Resistance: $445 (Immediate), $447.
* Support: $430 (Trend-line support), $426.
Trade Scenarios:
* Bullish: If DIA breaks above $445 with strong volume, a move toward $447–$450 could materialize.
* Entry: Above $445.
* Target: $447–$450.
* Stop-loss: Below $442.
* Bearish: If rejection occurs at $445, expect a pullback to $430 or lower.
* Entry: Below $440.
* Target: $430–$426.
* Stop-loss: Above $443.
Gamma Exposure (GEX) for Option Trading
* Highest Call Wall: $445 (Significant resistance zone, call sellers may cap gains beyond this level).
* Highest Put Wall: $419 (Support area where put sellers provide support).
* Key Gamma Levels:
* Positive GEX: Above $445 supports bullish continuation.
* Negative GEX: Below $430 increases volatility and bearish pressure.
IV and Option Flow:
* IV Rank (IVR): 21.8 (Low IV, suitable for long option strategies like debit spreads or straight calls).
* Call/Put Flow: Calls dominate at 19.3%, indicating bullish sentiment.
Options Trade Ideas:
1. Bullish: Buy 445 Calls, expiring within the next two weeks, targeting a move above $445 toward $450.
* Entry: $445 Calls at $2.50–$3.00.
* Target Exit: $447–$450.
* Stop Loss: If DIA drops below $442.
2. Bearish: If rejection at $445, consider 440 Puts, targeting a drop to $430.
* Entry: $440 Puts at $2.00–$2.50.
* Target Exit: $430.
* Stop Loss: Above $443.
Outlook Summary:
* Bullish bias remains intact, but short-term overbought conditions suggest a potential pullback.
* Watch for clear price action signals near key levels at $445 and $430 to confirm entry and exit strategies.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
DJI a FAILED 5th Wave and right shoulder Head n shoulder TOP The chart now can be seen as A 5th wave Failure . as we have entered the 6 spiral window. the last 5 /6 spirals called the TOP to the day major turn 11/29 to 12/5 in the dji it was 11/29 and the MATH was near perfect . Now what ?? the drop in my view was wave 4 of the Supercycle peak . since then cycles turned up and the 5th wave started . based on the 80 day cycle due mid dec . so why am I calling this a Failed 5th wave reason is the last low was one of the longest days down in US history and breaking the long term trendline support The High Hit the trendline at the peak going back to the sept 2nd 1929 high . The fact that the sp 500 is now the only index to print a new record high is a warning . I started to move into puts on friday jan 17th and moved to a 110 % long puts today at 6100 in the spx cash and 533 in the QQQ , The market can still trace out a small 4 nad 5 and 4.5 and the DJI could still print a minor new High but today and this week are a grouping of 6 spirals Golden ratio . the DJI has only rallied to almost .786 the drop 44370 target I started buying puts at 43800. 2025 is a very bearish cycle see my forecast DEC 8th 2024 . Best of trades WAVETIMER
$DIA This weeks Trading RangeI will go much deeper into each of these levels on tonight's video but for now we have the weekly levels here.
Things to watch this week:
Earnings Reports: Major companies like Netflix (NFLX), Johnson & Johnson (JNJ), Procter & Gamble (PG), United Airlines (UAL), General Electric (GE), Alaska Air (ALK), American Airlines (AAL), CSX Corporation (CSX), Verizon (VZ), HCA Healthcare (HCA), and American Express (AXP) are set to release their earnings. These reports can significantly influence market sentiment and stock prices.
Manufacturing PMI: The Purchasing Managers' Index (PMI) for manufacturing will provide insight into the health of the manufacturing sector. A reading above 50 indicates expansion, while below 50 suggests contraction. This data can influence expectations about economic growth and interest rates.
Services PMI: Similarly, the Services PMI will give an overview of the service sector's performance. Given the service sector's substantial contribution to the economy, this data is critical for understanding overall economic trends.
Home Sales: Data on existing home sales can shed light on consumer confidence and spending in the housing market, which is a major component of economic activity. Changes in home sales can signal shifts in economic health.
Jobless Claims: Weekly initial jobless claims numbers are a pulse check on the labor market. Rising claims might indicate economic slowdown, while falling claims suggest job growth and economic strength.
Market Volatility: The CBOE Volatility Index (VIX) has been noted to be fluctuating, which might continue this week. Monitoring the VIX can help assess market fear or complacency.
Interest Rate Sensitivity: With the Federal Reserve’s actions on interest rates being a focal point, any indication of future policy direction from Fed officials' speeches or economic data releases could sway markets. Look for comments from Fed members or economic reports that might hint at rate adjustments.
Sector Performance: Particularly, keep an eye on sectors like Technology (with companies like Nvidia potentially leading AI trends), Health Care, and Consumer Discretionary, which have shown movements or are expected to with upcoming earnings.
Global Economic Indicators: International developments, especially from major economies like China or the Eurozone, can impact U.S. markets due to globalization. Look for news on global manufacturing, services, or policy changes that could affect investor sentiment.
Geopolitical Events: Although not directly mentioned in recent market summaries, geopolitical tensions or developments, like trade negotiations or conflicts, can influence markets. Keep an ear out for any significant international news that might ripple through financial markets.
Dow Jones ETF ($DIA) Nears Resistance! Can Bulls Push Higher?Technical Analysis Overview:
1-Hour Chart:
* Trend: DIA has broken out of a descending wedge pattern and is approaching resistance near $433.
* Indicators:
* MACD: Bullish momentum is weakening, with the histogram contracting.
* Stochastic RSI: Overbought, indicating a possible short-term pullback or consolidation.
30-Minute Chart:
* Price Action:
* DIA is trading near $433, a key resistance level, with support around $427.
* The breakout from consolidation has been supported by increasing volume.
Key Levels to Watch:
Support Levels:
* $427: Immediate support zone, also the HVL (highest volume level).
* $424: Strong PUT support level (-4.92% GEX).
* $419: Major support aligned with the 3rd PUT Wall.
Resistance Levels:
* $433: Immediate resistance, coinciding with the highest positive NETGEX level.
* $437: Next resistance zone (GEX7).
* $440: Major resistance aligning with the 3rd CALL Wall.
GEX Insights:
Key Gamma Levels:
* Positive Gamma Walls (Resistance):
* $433: Key resistance and the highest positive NETGEX.
* $437: 55.86% GEX (2nd CALL Wall).
* $440: 39.89% GEX (3rd CALL Wall).
* Negative Gamma Levels (Support):
* $427: Immediate support zone (-23.78% GEX).
* $424: Strong PUT Wall (-4.92% GEX).
* $419: Significant support level (-3.33% GEX).
Options Metrics:
* IVR: 22.6, reflecting low implied volatility.
* IVx: 14.5, well below average, indicating muted price fluctuations.
* Call/Put Bias: Puts dominate at 29.2%, indicating mixed sentiment.
Trade Scenarios:
Bullish Scenario:
* Entry: Above $433 with volume confirmation.
* Target: $437-$440.
* Stop-Loss: Below $427 to limit risk.
Bearish Scenario:
* Entry: Rejection at $433 or breakdown below $427.
* Target: $424-$419.
* Stop-Loss: Above $437 to control losses.
Directional Bias:
* DIA’s breakout above the descending wedge indicates bullish potential. However, the overbought Stochastic RSI suggests caution near $433 resistance. A confirmed breakout could lead to $437-$440, while a rejection may pull prices back to $427 or lower.
Conclusion:
DIA is at a critical resistance level near $433. Traders should monitor volume and momentum for a breakout or rejection. The gamma landscape supports further upside if $433 is cleared, but a failure to hold could lead to a retest of $427-$424.
$DIA Recap of last week. We are down on the year so farA really quick recap of last week for DIA
We open the week with a gap up to the 30 minute 200MA got smacked down from there. We are currently in a down, trend lower lows and lower highs. And we’re trading considerably underneath the 50 day moving average and that 50 day momentum has flatlined.
(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
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 .
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 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!!! :-)