#DowJones 21K?? Monthly chart could be setting up for "head" part of shoulder at 21,000 $DJIA $INDU $DIA $DJX $VXD $SPX $SPY $VIX
Here is the scenario I expect for the short term, I will update this idea as I go along in my trade.
Here is the scenario I expect for the long term, I will update this idea as I go along in my trade. So I'm buying a put option now and another one if it continues to move up, my puts will probably be going for around 80-100 days until expiration.
Target is 180 and my plan is to sell half of my profit at 183 then the rest at 180. VIX is also low but the stop loss for me will probably be at around 188.
I have a tight stop loss set at 18600 and I'm expecting to collect profit at the next support level unless it breaks through I would re-analyze.
Here is my trading setup guys, I do expect it to move down to possibly 181 but I will sell my trade for a loss if it breaks the resistance level shown in the chart. I will update this idea when there's something to show so be sure to check that out.
There is a high probability this coming week that DJX might shoot up to 180.
There are two probable scenarios in my opinion, but I would look at selling my trade at an earlier support level, also I would be looking at which is the real resistance level. See the full newsletter here: forum.marketstockoptions.com
So I think it’s possible for DJX to move a little more to the upside before it starts sliding down. See the full newsletter here: forum.marketstockoptions.com
I still need more data but I am thinking that there may be more of a pullback before we bounce back. See the full newsletter here: forum.marketstockoptions.com
Check out my site for more details, win and loss ratio on the websites case studies are now 6 - 1.
There is a new calculation in my strategy. Check out the full case study on my website the link is in my profile here.
I am expecting a pop in either direction, if it does pop down I don't think it will stay that way for long. You can check out the full case study on my website.
Another free monthly case study on DJX, support at 178 and the target is 181. You are welcome to check out my site for more details on this case study.
My strategy has indicated another potential bullish move for the short term, my target is 178. Check out my website for other case studies and benefits.
Another possible short term movement to the upside with the DOWI, support is at 174 and my target is 178.
I think its possible for a movement to the upside in the short term, I have multiple indicators suggesting so. Support level at 169 and my target is 172.