DIA: First week of Jan! 🎉🎉DIA is on my play list this week.
The market had a fairly bullish end on Friday. However, probability is favouring a move to the downside on the swing levels (the indicator you see displayed in the chart).
That is not to say we won't see upside first, but the probabilities are pretty bearish I have to say. And like its across the board here. Dare I say its pretty convincing.
Here is what to know going into this week:
Immediate target is 332.07, its a pretty easy give-away target.
If we open below it, its going to likely be a long to this level. If we open above it, its likely going to be a short to this level.
The other level that needs to be resolved by Wednesday is that purple line.
That price is at 331.38.
I am hoping both of these targets are taken out on Tuesday to make them a none-issue. But what you need to know is opening above both of these levels is persuasive for a very swift short.
Opening below these levels is the inverse, I would prepare for a long pretty soon.
Opening on them would be pretty anti-climactic.
We will get our swing targets on open on Tuesday which I will post as an addendum. However, the immediate targets to watch are shaded in those boxes.
If this is going to be bullish, we should end up within that green box.
IF its going to be bearish, we should see that green-box bypassed and make a move down to the red box.
Hitting both boxes is possible, it just doesn't happen as frequently. I think we should see pretty decisive movement pretty quickly.
Those are my thoughts for right now. I will update as the the chart becomes more decisive and clear.
As I write this, futures has opened and we have some bearish weekly targets (99% targets) coming in.
Very exciting!
Safe trades everyone!
