$DJI (Dow Jones Index) - Bears vs. BullsThe $DJI (Dow Jones Index) has set a temporary double-bottom Support level at 25089.30.
DJI has been in a daily uptrend for the past two months, and is seeking to test Resistance levels above the current price.
However, bearish fundamental news over the weekend could cause the DJI to instead fall and test Support levels below.
Resistances: 25951.30 and 26300.20 and 26829.50.
Supports: 25089.30 and 24789.60 and 24480.90.
DIA
Microsoft ($MSFT) and Apple ($APPL) 💻 | New Highs for the Market🐮🖥️🐮 Apple and Microsoft are giants of tech and some of the largest holdings of the major indexes. If these companies run, not to mention the other tech giants like Facebook and Alphabet, then the markets will almost certainly run with them.
Just look at the top 5 holdings of the S&P :
Microsoft Corporation 5.68%
Apple Inc. 5.60%
Amazon.com, Inc. 4.26%
Facebook, Inc. Class A2.16%
Alphabet Inc. Class A1.68%
Alphabet Inc. Class C1.68%
Here are the top 5 holdings of the Nasdaq :
Apple Inc. 11.83%
Microsoft Corporation 11.41%
Amazon.com, Inc. 10.25%
Facebook, Inc. Class A 4.35%
Alphabet Inc. Class A 3.88%
Alphabet Inc. Class C 3.85%
Here is the top DOW holdings With non-tech excluded (Microsoft is the 6th on the list, Apple is still #1):
Apple Inc.9.14%
Microsoft Corporation 5.07%
It should be obvious to you now what we mean when we say " if these stocks run, then the market runs ." We mean, they are the biggest parts of the major indexes!
This is good news for the bulls, because run is exactly what is about to happen based on historical trends.
Some people seem to think that these tech stocks rushing past new all-time-highs perhaps signals the top of not only these companies but the market. In fact, we commonly hear this sort of sentiment every time it happens. Reality is just the opposite.
The fact that these companies are breaking all-time-highs is actually bullish for them and the market as a whole.
On top of that, the news is bullish for these companies as well (COVID aside). We have new iPhones, a slick new MacBook Pro, a new Surface Duo, and a declaration against Face ID for Microsoft.
In short, there is nothing really substantial to bring these giants down aside from the broader market, but again, it is more likely they bring the market up. Don't take our word for it though, the historic patterns are clearly illustrated on our charts.
On the charts, you can see yellow horizontal lines marking off each new high. You can clearly see that the longstanding pattern is that breaking a new high is bullish for both Apple and Microsoft (with this being true in spite of any bearish disbelief).
In summary, breaking all-time-highs with conviction is bullish for the tech giants, which is bullish for the markets. So after that last break, our only questions are "when" and "how high?"
Resources: www.etf.com + www.forbes.com + www.forbes.com + www.foxnews.com + mspoweruser.com
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$DXY $SPY inverse correlation very strong.The only thing you should look at for predictive analysis at this point is what $DXY is doing. You can see the correlation in the chart here, one goes up, the other goes down. Look at key levels for the dollar, and currency / bond markets to figure this out. The SPY is all stimulus fluff at this point held up by the dollar, but guess what, you can only prop it up for so long, as soon as liquidity shrinks ( when the stimulus effects die off), its gonna be hard to get cash, so you'll have to get it from your portfolio. And with the rally in Bonds today, well... lets just say there a point to be made about where people want to put their risk.
Bears lost (get over it) the final round.Please do you Due diligence and invest wisely
From my last DIA post I presented the Bears Vs Bull case and pointed out at what level I felt would decide who won the final round. I also pointed out the bull vs bear trap area which played out for many weeks to trap as much bears as possible.
Now I think the market will make new all time highs and every dip in my opinion will be a chance to go long. The fed owns the market and has tipped the scale in favor of the market now the FOMO has begun in retail who will be the ones to push the market to all time highs.
INFINITY MODELER SPX 3200 unthinkable bottomWelcome trading viewers
I present to you beyond technical analysis/axiom quantification of prices.
Maybe you think its a vodoo or something, behind the scene is complex set of modelers in conjunction to price.
Spx bottom in.. did i predict the unthinkable.. maybe i did or may be i did not
Theee years from now we will look at this chart and ponder about the magnification of our ideas.
Stop loss 2120 and target 3200 the global optimum of multi objective optimization
Intermarket analysis expects SHORT in the INDEXES!Hi traders,
today´s video combines educational content and analysis of 4 major Indexes. BUT!
We do not analyze them separately, but together - WE DO THE INTERMARKET ANALYSIS.
It is this approach that will show you whether an index is overvalued or undervalued. How is that possible? There is a great correlation between them.
Look a the NASDAQ guys. That´s the only one, who reached the last Highest High! Again - THE ONLY ONE!
What we can expect? SHORT, because NASDAQ is too extended.
Have good trading,
Jakub
FINEIGHT
US30/DOW Daily: almost maxed out, 30% sell off soon(NEW)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
US30/DOW Daily: almost maxed out, 30% sell off soon(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: US30/Dow recovery almost complete now
::: expecting major weakness soon
::: it's possible that we get
::: a few sessions in range lock
::: to develop the distribution setup
::: 20-30% mark down off the current highs
::: re-test near 18500/19000 points
::: STRATEGY: short sell any rallies
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
::: fundumentals also deteriorating fast
::: all the good news already priced in.
::: this is also important for CRYPTO
::: because next leg down in US stocks
::: may lead to mark down 30% in CRYPTO assets
Update Dow for short term I believe the rise from a major bottom is a correction wave (ABC). the price now in the last fifth wave of C or 1 of C. Both scenario indicate that the price should make new high and this is a good opportunity for the short-term trader. I am in since last week and my SL is the bottom of last week. There is another suggestion that wave 4 has not completed anf unfold as a complex correction but less likely.
Is the Dow Jones 🐂 Ready to Rumble? | DOW JONES MINI FUTURES ($🐮 The DOW (DJI, DIA, YM1!, UDOW, etc) is rallying based on recent strength shown by key players like Disney, the banks, Boeing, Exxon, etc. Looking at Dow Jones Mini Futures (YM1!) we can see a new clear bull trend forming... but we also see a clear-as-day support level to be tested to help confirm this rally. Perhaps the shift out of the NASDAQ's COVID hedge plays and into DOW darlings causes a correction in all markets, perhaps bank stocks run up against resistance and need to cool down. Whatever spurs on the retest of support, so be it. The plan here is simple regardless, we are aiming to buy support and catch a ride on the post-COVID bull.
Resource: www.investors.com + www.fool.com + www.cnbc.com
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1. Fractal Trend is showing an uptrend (Aqua colored bars) on the 4-hour timeframe. This is the first notable confirmation of an uptrend on YM1! and is indicative of the recent strength in DOW holdings.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua colored lines) and/or bullish S/R levels plotted by Directional Bias (Aqua colored lines).
3. The goal here is to take a long position at the S1 S/R flip since that has been a major price pivot point during the COVID correction.
4. Our stop loss is placed just below S1, with the logic being that S1 will hold.
5. Our target is the R2 highs formed during a dead cat bounce back in March.
6. If S1 doesn't hold, then S2 offers another support level, although the current bullish bias on the DOW would be lost at that point.
Good luck bulls!
US30/DOW 4HOUR chart: TP bulls 24750 points(NEW)Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
🔸 Summary and potential trade setup
. US30/DOW 4hour chart review
. bullish mid-term
. strong bullish XABCD reversal
. current bid is 23630 points
. TP1 bulls is 24250 points
. TP2 bulls is 24750 points
. strategy: short-term: BUY DIPS
. TP is +1000 points from here
🔸 Supply/Demand Zones
. N/A
🔸 Other noteworthy technicals
. N/A
Today's end of session selloff triggered my sell signal for SPYI am trying a new combination of indicators on my TOS platform for swing trading. Right now it reads RED/Bearish for SPY and DIA but not yet for QQQ. It will be confirmed at the open tomorrow. I will let you know. When I back test this indicator, it seems pretty reliable. Let's track it in the next few weeks...
The above are for education and entertainment only. They must not be interpreted as investment advice nor recommendations. Trade at your own risk and mostly, trade safely and keep safe!