Did you feel comfortable on Friday, less comfortable on Monday, and committed on Tuesday ?! Well, it reaches the brothers that no miracle lasts more than 3 days.
I hope I'm wrong, but after the wind direction today it seems that we will have bright red showers, which in some areas, can bring flooding in the Square.
Those who have left home with the SL...
DOW - represents the mainstay value side of the overall market
AMEX:SPY - was once more balanced between value and growth but is now much more heavily growth (specifically tech) weighted
QQQ - almost entirely growth, predominantly through tech weighting
IF IT'S WEDNESDAY IT'S MAD!
Or
THE BRIDGE OF SighS !!!
The Fed, OPEC, BIDEN, COVID and the outside rain hit the same day. With the slogan roast the pastures, poison the fountains, scare the investors, the Bau Bau group above seems to have brought a total eclipse of daily optimism on the financial markets. From Crypto to metals, they all seem set for declines...
HOLY WEEK AND NUCLEAR WEDNESDAY!
10:30 p.m. Warm morning sun, some nature chirping from the birds around, a great time to enjoy a coffee. Start HOLY WEEK!
Financially speaking, after a recovering Friday, it would be natural for the green to flood the Square today. And maybe it will be! But we can't help but glance over the cup of coffee at the situation...
DOW Short
Wedge Breakout
Price Crossed SMA13 and 50 with big Volume
OBV<OBV SMA34
W%R Crossed -50
Entry 61
Stop 66
Target 50
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Currently up 36% on DOW 06/18/21. I still see some more upside as we approach earnings. To the moon we go!
Pattern recognized: Running flat ABC
Hypothesis: Bullish sentiment
***This does not constitute financial advice.***
If you like what you see why not support me?
👇
G'days Mates
Here you go my idea on DOW. I also new in this pair but yeah based on previous stock analysis. Accuracy of the projection up to 95%.
Let's see what happen next. Dance with the market guys.
Cheers
Flag forming into ascending triangle here. Been watching this name for a while. Good swing over the months, but now looks like a solid long. If breakout confirmed, its going to 70s and forming new strong support in the 65 region.
DOW chemicals is a strong business in the materials sector in same way as DD (Dupont) is.
I see an IHS on the daily, set alert, hit it.
Have limit order in for call options
Expiration 4/1
price $2.65 each
Strike $58.5
Expect to hold up to $61.5-$64 for 20-50% in profits depending on if it happens in the next 5 days or 10 days
