Get started

DIA

DIA MAJOR TOP 377.5 to 382.7 I am now 100 % short today I have now moved to 100 % long PUTS in the money 380 puts for june 2024 Look for an event on or about jan 11 to the 18 th if the dow at anytime can reach into 38200 to 38400 I will add 15 % long puts we are now 1.8 % above the dji monthly BB BANDS market panics since 1902 to today have seen drops and beginning BEAR MARKETS from 1.4 to 3.5 % above this point as of today we hit 1.8 % PUT CALL MODELS are at july peak and Bullish SEDIMENT is now into BELL RING warning signals into a low due march 10 to the 20th . best of trades WAVETIMER
AMEX:DIA
by wavetimer
Technical study of this INSANELY powerful bull market!Once again, the indices are rising strongly. While the SPY is heading towards its all-time high, the QQQ and the Dow Jones ETF are already breaking a new all-time record, again. When will we see the market calm down again? What if a top signal appears on the indices? The SPY ETF is in a clear uptrend, making rising tops and bottoms, breaking its resistances and trading above the 21 EMA (which is pointing upwards, by the way). The next technical resistance is at $479.98, the all-time high. Are there any signs of a top in the SPY, either from a candlestick pattern or a chart? None that I know of. On December 14th we had an attempt to signal a top, a sort of Hanging Man pattern. The problem is that the pattern wasn't even triggered, as the price had to lose and close below the low of the Hanging Man candle. This corroborates what was said in my educational analysis on SPY. Many people try to guess the top based on weak technical patterns, they get scared of one or two bearish candles even without confirmation of a correction. The link to our latest public study on SPY is below this post. Furthermore, according to Thomas Bulkowski's studies, the Hanging Man pattern serves as a bullish continuation pattern 59% of the time, contrary to the popular belief that it is a bearish reversal pattern. Perhaps this is because of the hourly chart. The vast majority of the time, a Hanging Man only serves as a short-term pullback to a support point. In this case, looking at the hourly chart, we see that after the 14th, highlighted in yellow, we see a correction to a support area, made not only by the 21 EMA, but also by a trend line that connects the bottoms in SPY since December 6th. As SPY approaches its high, we see QQQ and DIA trading above their previous high of 2021/2022 (green lines). There is no evidence known to me that could trigger a correction yet. The uptrend should continue in the absence of clear signs of a reversal. Remember the sixth principle of Dow Theory: Trends persist until a clear reversal occurs. What if the indexes correct? Then the price should seek its previous supports. In the case of the SPY and QQQ, the 21 EMA is a good candidate for a bottom. The DIA could correct up to $369.50, its former resistance, which in theory will be a future support, according to the principle of polarity. This scenario describes a pullback, not a reversal, as there is no possible bearish reversal structure on the indices yet – there isn’t even a top signal. What could trigger a bearishh reversal? If a bull trend is made of higher highs/lows, then if we see the price making lower highs/lows, and if it loses the 21 EMA on the daily chart, then we'll know that the trend is reversing. However, I do agree that if the market calms down, now the timing would be perfect, as the indices are all trading around their all-time high, a critical price level for the market. I’ll keep you updated on this, so remember to support this idea if you liked it, and follow me for more. Best regards, Nathan.
AMEX:SPY
by Nathan_The_Finance_Hydra
2
SDOW a Dow Shorting ETF Long from an Intermediate Term BottomSDOW has leveled off at a near-term bottom after a downtrend as confirmed by bullish divergence on the RSI and MACD while the price went sideways in consolidation. Volatility has contracted as have trading volumes. I see this as a buying opportunity with a stop loss of 20.5 below the low pivot in consolidation and the first target at 22 underneath a standard retracement with the final target at 25 in the area of the early November pivot high. A call option set at a strike of $22 expiring in 4-7 months is a supplement to the idea. I expect that interest rate fades or any lessening of geopolitical tensions may affect things throughout the trade and perhaps force trade management along the way. Overall, I have an expectation of 18% for the shares and about 100% for the call option.
AMEX:SDOWLong
by AwesomeAvani
IWN Russel Index ETF ShortIWN on the reliable daily chart has been trending down for two in a descending channel as shown on the chart with upper and lower trendlines drawn with the tool. The Stochastic RSI oscillates in the interval between oversold and over bought and presently is well overbought at nearly 100. While the RSI may double top like it did in July, it is at least right now at the first top. The zero lag MACD is confirmatory with a K/D line cross well above the histogram. I will play this by buying a put option at a strike of $ 150 for October 24 If Biden tries to prompt up the market to gain a re- election and is successful, this will get stopped out. If interest rates are not pulled back by the fed soon, small caps will continue to get crushed. On the other hand when rates are pulled back, they will be nimble and recover quicker than the large caps and it will get stopped out. I think the fed will pullback rates to help Biden out, although the fed is not partisan ? Oil prices in their downward trend lend support to a slow fall off in the inflation rate. What goes for IWN also goes for DIA.
AMEX:IWNShort
by AwesomeAvani
Dow Jones ETF (DIA) ~ December 4H SwingAMEX:DIA chart anaylsis/mapping. DIA ETF on relative strength compared to recent SPY/QQQ performance, indicating potential market rotation. Trading scenarios: Continuation rally #1 = top range of Fib. Shallow pullback #1 = ascending trend-line (white) / ascending trend-line (green dashed) / gap fill confluence zone. Shallow pullback #2 = gap fills / descending trend-line (light blue) / 78.6% Fib confluence zone. Deeper pullback #1 = Golden Pocket Fib / 200MA confluence zone. Capitulation #1 = 50% Fib / ascending trend-line (light blue). Capitulation #2 = gap fills / 38.2% Fib confluence zone. Capitulation #3 = gap fills / 23.6% Fib confluence zone.
AMEX:DIA
by BlueHatInvestor
SEPT 21/23 TURN BUY N HOLD WARNING The chart posted is that of what and why I wrote The buy and hold crowd will remember this date . it is that of Berkshire Hathaway class B . I saw that in Jan 2022 we made a High as did the QQQ n SPY in which I wrote in detail 12/8/2021 2022 THE YEAR OF 20%PLUS CORRECTION calling for the drop into the 20 10 4 2 year cycle low and that the drop would be into 3511/3490. But when I saw BERK/B making a higher high into march 29 I knew it was showing me The real buy and hold crowd . and that a shift and a higher would confirm a true top . and based on the fib ratio in time and spirals we would see the non confirmation signal before the BEAR MARKET would be in force . that date was sept 21/23 it came in only 1.5 days early. So the Crash cycle I talk about in history is 55 to 62 days long and in 1929 it was 72 days . this gives me a date of nov 13 plus or minus 2 . Which is also the golden ratio spiral from sept 21 2001 22.14 years F 22 But why sept 21 and not sept 11 2001 The markets were closed until sept 21 sept 11 22.14 is 11/3/2023 and is Not 55 days BUT 11/13/2023 is exactly 55 days and the alt date 11/21-23 .WHERE DO WE GO FROM THERE . I stand by the BULL MARKET from 2009 and odds are now very high from 12/4 1974 ENDED 1/13/2022 and that My call into 10/4 to the 20 focus on the 10th came in on 10/13/2022 WAS WAVE A SUPER CYCLE BEAR PHASE AND HAVE NEVER CHANGED MY VIEW THE RALLY WAS SUPER CYCLE WAVE B. Jan 13 2024 is a LOW not the final Low that is march week 10th to the 16th From there you will get a major BEAR Market rally again The final low NOV 14 2024 target is 2250
NYSE:BRK.B
by wavetimer
1
S&P Pull BackNew update. It seems like markets have found themselves face to face with reality. The bear market rally seems to have run out of steam due to the amounting economic and inflationary data. Simply put, I do not think markets can rally from here, based on: RSI overbought on 1W MACD Crossed on 1W Food prices are at 18 moth highs according to UN. Fuel prices are back near record highs Rent prices are back at record highs according to Redfin and Zillow Home Prices are heading higher according to Case Shiller Index Vehicle prices remain high, making a slight gain last month according to FRED and MUI Housing affordability is at a multi-decade low (1980s) With this data in mind, I can't imagine how the Fed will be able to hide this new inflation in future CPI/PPI reports. It's impossible. Just because their official report says inflation is falling, it doesn't make it a reality. The debt to savings ratio in America is about the worst on record, which means people are paying more for the same items they used to buy because prices are rising and there is nothing they can do to stop it. Some people believe unicorns are real, but that doesn't mean they're real. Markets have risen for the last 4 consecutive months without pause, and continually since Oct 2022 lows based on the idea that inflation is "easing" and that the Fed will reverse course. Higher interest rates are good, because it promotes savings with higher yields. It also promotes paying off debt and less leveraging by Americans. The problem with 0% interest is that it creates artificial spending growth, which in fact is nothing more than a bubble. We saw the mad rush to buy cars and homes in 2021 with people overpaying on over priced homes and cars. Now? They're starting to sweat, especially those who bought vehicles, because 2 years later, they still owe more than MSRP and dealers won't buy them for near MSRP. Home buying sentiment is the worst in 23 years according to CNBC (keep in mind, that's worse than 2008-09). Keep watching.. let's see how this farce of a market plays out. Who knows, they may continue to fudge numbers and markets may reverse and rally again, but everyone knows that prices everywhere are higher, so it matters not if the "official" numbers are low. You feel it at the pump, grocery store, and everywhere else. There was no easing. #SPX CBOE:SPX
SP:SPXShort
by WorldEconomics
3
SPX - Santa Ralliers: You Better Keep Your Eyes On The ClockIn previous threads looking at SPY: SPY - Did We Bottom, Or Is Manipulation Coming? Nasdaq Nasdaq Futes - You Wanted a Dip For That 'Santa Rally,' Aye? And ES SPX ES - Welcome To The Fourth Quarter Rodeo We've noted that both the extreme bear and extreme bull cases are dubious. After the five day 8% rally to start the month, we warned that manipulation may be coming. Instead, we got a flat week where the October high was taken on a Friday afternoon. The important thing for Santa rally believers, who are expecting the all time highs to be taken out, is that we're on what amounts to a pretty tight deadline, with the final day of the December candle being the deadline. The reason for this is because the indexes went up in a straight line starting the first day of 2023, and this is not likely to repeat itself. And so, what I believe we're in store for, is not a real Santa rally, but a fairly big 150-200 point retrace starting next week, that culminates in a rally that takes out 4,650 by year end, but goes no further. That will mean that 2024 is a very unpleasant year for everyone, U.S. election or not. Perhaps what will stop the Santa Rally from taking the all time highs on the indexes is the looming problems posed to the world by mankind's continued cooperation with and support of the Chinese Communist Party. The Chinese Communist Party, under former Chairman Jiang Zemin in 1999, launched a full scale organ harvesting genocide and persecution against the 100 million practitioners of Falun Dafa meditation. Those sins are more eternal and boundless than what Nero and the Romans did to Jesus and his Disciples 2,500 years ago by an infinite degree, for the scale is so much larger, the importance of this moment in history is so much more significant, and Falun Gong's students being true spiritual practitioners. Xi Jinping, because he has made himself the head of the Party and has continued to hold onto Marxism and Leninism with a deathgrip, has painted himself into a corner that he only has one way out of. That way is to coup d'etat the CCP and get rid of it like Gorbachev and friends got rid of the USSR. But the clock is ticking. He has to do it before the Wuhan Lung Flame breaches the Emperor's bedroom. And former Premier Li Keqiang was killed by a heart attack just a few weeks ago, and only in his 60s. Either way, the CCP is dust in the wind, and so are all the clowns on Wall Street, governments, big corporations, and Antifa/BLM-style scum of society revolutionary groups who have been either providing blood to or taking blood from the Evil Party all these years. And this means that markets will go up in preparation for the falling guillotine. Because it's ultimately just humans gambling against Gods. So here's the trade. I expect next week, and perhaps also the week after, will bring a ~4-5% retrace that sets up a month end rally into a December rally that takes out 4,600. We won't go sideways, I suspect, but it'll chop up and down and back and forth before finally getting to the point, and so it will probably suck to trade levered ETFs and options. Still, there's a chance to go long coming up ahead with a target above the July highs to end the year, and that is about as good as she gets, I gander. Good luck. I hope you heed the caution about "China" and do your part to social distance and wash your hands from communism and all its related scams.
CME_MINI:ES1!Long
by LordWrymouth
2
The TOP wave count THE SHORT SQUEEZE HAS STARTEDThe chart posted is MY top wave count This is a major WARNING to being short is a highest risk in a few years . The spiral turn due is from sept 21 2001 Low The market rallied over 24 % gain in less that 62 days That last low was in a word Perfect in its relationships within the fib . I have moved to an aggressive long calls position and The tlt has a classic end to the 5 waves down . This alone gives reason NOT to be short at THIS MOMENT in TIME
NYSE:VALUG
by wavetimer
SPY - Did We Bottom, Or Is Manipulation Coming?In my preceeding posts, I'm actually "bullish" on equities in the fourth quarter. SPX ES - Welcome To The Fourth Quarter Rodeo Nasdaq Futes - You Wanted a Dip For That 'Santa Rally,' Aye? And while I think this price action, coming on the back of news that the US Treasury will "only" issue $10 billion more worth of bonds this quarter (compared to like $160 billion last quarter), indicates that not only are we bullish, but going to take out the all time highs before year end... I have reservations on this SPECIFIC price action being "The Bottom". Before we go further, I will use the early space for those with low attention spans to warn you about the situation in Mainland China. The Chinese Communist Party is the scourge of humanity that seeks to use all beings to destroy all beings. Xi Jinping is its head, and the Party will fall. When you kill a dragon, you kill it by chopping of its head. But before you chop off its head, you often cripple it by chopping its tail. Former Xi Premier and right hand man Li Keqiang was killed by "a heart attack" recently, which is almost certainly code for the "Wuhan Pneumonia Pandemic." The Party's 24-year persecution, and organ harvesting genocide, against Falun Dafa's 100 million practitioners is a sin that 100.00% guarantees the Party's destruction. And that means it guarantees Xi's destruction, so long as he doesn't drop the CCP Gorbachev-style in time. It does not look like Xi is that intelligent of a man to do that. And so whatever bullish nonsense is arranged by Wall Street, who frequently sleeps with and transfuses blood to the Jiang Faction of the CCP, who are the architects of Falun Gong's persecution and the real evil force behind the Party and "China," to make sure that Communism globally can stay alive until the ruthless end, is subject to abject, merciless, brutal, and sudden truncation. Meaning any rally can be annihilated by international events that are beyond the control of the so-called "controllers" at any time, for we fundamentally exist in a Cosmos that is inherently Divine. There's some flaws on the SPY ETF, which is meaningful, because as I say many times, life revolves around banks and funds selling options and making sure they expire worthless. When we look at the monthly: October took out the June low, as I predicted earlier, but came up like a dollar shy of entering into the April wick. Moreover, when we look at the weekly: Which shows us more clearly the April-May double bottom is just 1%~ lower than the October low, and the $400 psych level is just 2% lower. With this kind of a squeeze happening only 3 trading days into November's candle, and failing to take the high, we're primed to set up for an "outside bar" November that takes out BOTH the low AND the high of October. But what this would mean is we're about to dump below the October low, where the real buying opportunity is. But two problems with the theory are: 1) There's no news drivers next week except for Jerome Powell talking on Thursday. 2) The bull thesis has to complete by December 31 and we're running out of time But that being said, when we had the October bottom last year, we had a 3-day 6% rally to open October before it turned around and took out the low and then rallied. And when we had the COVID bottom because the Fed slashed rates to zero and started buying equities, the market had a 10% rally over the course of a few weeks and gave almost all of it back before setting the biggest highs of all time. So this kind of manipulative behaviour is consistent with the market makers. How to trade it? Well, if it doesn't go down next week then just blindly long anywhere and so long as you aren't buying calls with 0 or 3 days to expiry, you should be okay. If it does go down, buy near the October low and under the October low. The problem is no short setup has manifested as of Friday close, and so we can only sit on the sidelines and look for longs. Whoever was bigly long from Monday or last week should really have taken significant money off the table, cashing in and realizing those gains, this afternoon. Don't forget the Dollar Index stopped just short of $108 and that's a big sign of coming manipulation and that we're too early. This is how algorithms are programmed. Good luck.
AMEX:SPY
by LordWrymouth
2
THE SHORT SQUEEZE BULL TRAP The chart posted is that of the DIA this is my top wave count The short squeeze .I see this as wave A up within the bear we should now see a 3 way drop back to 50 to 618 5 of this rally if not a retest near .786 from this we should see wave C up once again just past today peak . Then THE BEAR PHASE should be seen . For my view to change The IWM and RSP would have to break above the july high odds at 15 % as we hit the targets in IWM 161.8 and rsp the sp held 4107 a 500 point drop this is now wave 1 of C down we are in wave 2 up the most this should see is 4415 BUT I doubt this . The VIX is setup for a rather BIG up move
AMEX:DIA
by wavetimer
VIX WARNING RALLY is SHORT COVERING SQUEEZE like I said The chart posted is the VIX of the VIX the VVIX has the cycle which I stated on monday and friday last week a short squeeze is now setup as the13.8 to 15.2 week decline would see a sharp rally. And that the IYT RSP BA and TNX were making a ending of a 5WAVES pattern we are only going to see an ABC rally and the last 5 days have been wave A so CAUTION I think the wave strurture in TLT is that of a wave 4 it should not get above 88.3 if that is the correct count then we will see a print of 81.5 to 79.6 and the VIX will be well into 29.6 to 38 so take any profits NOW
V
by wavetimer
Nasdaq Futes - You Wanted a Dip For That 'Santa Rally,' Aye?The equities markets have spent the last three months liquidating bulls, and then liquidating bears, and then liquidating bulls, because the markets are primarily a scam for big money to sell options and have them expire worthless. No matter what system you use or whose ideas you follow, you're always just guessing, because the computers can take price and do whatever they want at any time, because there's more stocks than there are money and more money than there are stocks, all concentrated in the hands of a few select banks and funds that are really just running crowdsourced cloud algos that communicate with time stamps and decimal fractions. It's just another scam to bankrupt people and then blame you for being bankrupt. There's nobody this society hates more than poor people and depressed people, and no Communist Party-funded causes are paid to campaign on behalf of the poor and sad, unless it's to lead them to "Medical Assistance In Dying" (MAID; see Canada). 2023 started off uppy in a straight line, and there's no reason to believe that's going to correct until the timestamp on the market making algorithms has a year date of 2024. Which means that this bearish impulse is just that, a bearish impulse, that may be seeing its likely finale as early as this coming week to end the October monthly bar, as the next FOMC rate decision is October 31 and November 1. I'll provide my warning to bears and bulls alike at the early stage of the post, because I know social media and drugs have given people the attention span of children addicted to sugar and cartoons. Did you know that Li Keqiang, former Premier of China and second in command of the Chinese Communist Party behind Xi Jinping died on October 27, "of a heart attack"? I have been warning for years of two things: 1. The CCP is actually about to fall, and is almost entirely certain to take Xi, an idiot, to its grave with it. 2. The death toll from the Wuhan Pneumonia pandemic (not to be confused with SARS-CoV-2/COVID-19) is insanely scary and completely covered up by the regime. And now we're seeing public evidence that even the Xi Faction's main network are being dropped. Keqiang was only 68 years old, which is not very old for a CCP member. Former Chairman Jiang Zemin, the architect of the persecution and organ harvesting genocide against Falun Dafa's 100 million students, allegedly lived to 96, by comparison, before turning to a pile of crematorium ashes and being thrown out of the very Cosmos by the Wind itself. All of the above is to say that the year end rally is likely arranged by "the controllers," and yet they're just mice and men, and what can actually unfold before we see 2024 is entirely in the hands of Heaven Himself. Let's look at monthly bars: Three mediocre red months after a series of bigly big green months isn't bearish. To the contrary, it's bullish, but it's a question of how you can finance your timing to stay solvent while the market is irrational. Weekly bars give us more clarity: What we're really dealing with is a meagre 12% dump over 15 weeks. And you're going to say to yourself that 12% is actually a lot on the indexes, and I will agree with you. However, it's really not when you take a look at a pair of twin 6-7% bounces that occurred over the span of 6 and 10 trading days in the mix. And when you pair this with the reality that the market turning around and taking out the July high is just a paltry 17% rally from the 13,750 potential reverse point, over the course of two months, bears are set up to get absolutely annihilated before the real show starts in 2024. Nothing about the way the markets have traded indicated we have bottomed *yet*. So what we do is, instead of GoInG LoNg oN ThE DiP and getting into the same trap as Disney, Paypal, and AT&T longtards, we simply look for reversals at 13,750, because it's the August of 2022 high, and 13,480-13,550, because 13,500 is a psychological number, and go long on a reversal pattern. If this theory pans out, not only will the indexes take out the July high, but, the Nasdaq especially, may very well take out the All Time High. If you were to have bought a QQQ $380 call on Friday expiring January, it would have cost you ~$3.25 ($325) with a 19% delta. If we get another 4% dump on the indexes, you can pick one up for a little more than $2 and be looking at $9-12~ after theta decay for it to be merely at the money by the end of November. That's equivalent to going long on some penny garbage like MULN or Gamestop and lotterying into a 4 bagger on the MoThER oF aLl ShOrTSqUeEzEs. The above is to tell you to stop following Wall Street Bets, Wall Street Silver, Stocktwits, and other public relations firm/marketing department-managed dumpster fires, stop gambling on 0DTEs, make less trades, go outside more, and enjoy your life while this planet still lasts. Once everything is gone, it's gone forever. Just like Atlantis, the Mayans, and the Dinosaurs.
CME_MINI:NQ1!Long
by LordWrymouth
RSP 5 WAVES DOWN WAVE 1 HAS ENDED The chart posted tonight is the Equal weighted SP 500 So far this is the cleanest wave structure of all the indexes and as of tonight I can say this is my Preferred wave count and should be the guide going forward for the next 6 to 9 months . So The rally from the oct low of 2022 rallied in a abc x abc for the students for the rest of you it was a ABC rally it did fall short of a .786 to peak at 75 % W.D GANN and an old friend Don Wolanchuk . since the july 27 turn I can count 5 clean waves down and waves 1 and 5 are equal within .25 of one point at the lows .This is now labeled WAVE 1 or wave A but I lean towards wave 1 of wave C which means we have a much bigger decline coming after the A B C rally back to 50 = 144 to .618 % 147 of the drop from July and should peak into the previous 4th wave which was 143.5 . from this rally we should hear good news . This rally I will mark as WAVE 2 or B Wave 3 or C target is in to targets and both are into a perfect Fibonacci retracement 92 and the alt is 75.6. Has I stated the data for the last 121.9 years shows me the avg bear market is 2.4 to 3.2 years long and the price damage is from 38 to 55 % and the avg is 44 % plus or minus 1.75 % .So has I stated in the first week of July long term holdings should be hedged or sold and into 30 and 90 day tbills !!! I see the odds of 92 being the target as it is also .786 from the march 23 low 2020 and 50 % from the march 2009 low as well. BEST OF TRADES WAVETIMER !
AMEX:RSP
by wavetimer
Three peaks and doomed house Wave B Super Cycle degree.1974/2009The chart posted is that of the longer term super cycle wave B that started from super cycle wave 5 from 2009 low has stated that the 2021 dec forecast super cycle 5 th wave blowoff Parallel to 1907 to 1929 peak and that a correction Bear market would decline at a min .382 of the bull market with the likelihood more like a 50 % decline to 55 % Based on contraction of the FED BALANCE SHEET from 8.4 trillion to min of 4 trillion at a rate of 95 Billion a month has the Fed was at or near ZERO starting march 9 2009 and increased it at a rate of 60 to avg 85 billion per month since march 9 2009. Best of trades WAVETIMER
NYSE:BRK.A
by wavetimer