The MACD and RSI are declining into these current market levels similar to prior bear markets. I overlaid the 2 recent bear market charts over the current one to give some idea of a rough time frame as to where the market is headed. There is limited upside here and a bear market may be imminent. However, this could take some time to play out
Ahhh so many lines! I know. So I'll keep this short. Maybe I'm wrong with my conclusions here, but the charts and facts make sense to me. I can't tell you when a crash (slash the next 'correction' to be PC) will be...but I can show you how they're engineering things in the US equity markets without QE $DIA (to compare industrials vs. broader market a la...
Nice gap on 3/20/15 candle. Good volume from the FOMC meeting. Call options May or June should be ok.
In short, DIA looks to be in a ascending triangle bullish pattern. Resistance at 182.68 is a real possibility, testing all of the long positions commitment. DIA over 183 will force a lot of shorts to capitulate and all price to move higher. I don't think next week we will see DIA over 183, for my accounts sake, April we will have the breakout.
10 Reasons to be short the S&P 500 (and the Dow and Nasdaq): 1. Close below 34 EMA 2. Completed Head & Shoulders pattern 3. Close below the December high 4. "Falling off the roof pattern" - The market is said to climb up the ladder, the ladder is then removed and the market falls down much more quickly then it went up. The advance took about 4 1/2 months. The...
Spread is below all the daily moving averages, below a strong support, in the direction of the primary, intermediate and minor trends.
I have begun slowly accumulating $GE in Jan. after the #2 Excess Demand signal on Jan 20. Average is $24.13 with staggered stops below $24.47, $24.23 and $23.55. However, I think the real long term opportunity will present itself on the first pull back after the January bottom. This is shaping up to occur after the $25.48 (approx.) level is tagged. This is my...
$MSFT Long $42.75 with a wide stop. Target $46 - 48 zone. Once in the gap I'll move my staggered stops up to close to $41.50 area and hide below L7 Cyclical Support at $41.53. If half gap holds, I'll continue trailing.
Just a simple chart showing FOMC results on SPY.
A quick short based on the retest gap. Newsome not trading this one because inside day candle on the daily. Expect a bounce as a swing potentially.
short , Feb 15 179Put, BTO 2 contr. @4.1 entered @176.4 STOP 177.13 inside purple triangle target 174.16
Bearish divergence on DIA. Prepare for a market pull back.
You could do short term trades and short rallies or gaps higher on the daily. I'd rather be cash than making a firm decision today to go long or short an index. It is the first real trading week of the year and earnings season is this month and next. Patience is a good thing, itchy trigger fingers just to trade are not. This chart is a weekly time frame that...
X marks the spot for DIA. Coming into lots of support and likely to bounce. WAIT for bounce to confirm and verify you have a good reward risk ratio before entering.