Trade the Dow Jones

Slepoy

Newbie
2 2
Anyone interested in following and contributing to a thread trading just the Dow, let me know here. It'll consist of TA discussion on mainly an intra-day basis, posting live trades, and anything else which may be of interest to trading this fantastic index.

Look forward to hearing from you, wherever you are in the world.
 
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Slepoy

Newbie
2 2
As you can see, the H6 200ema/sma has been acting as support this month, and has done so again today. Will it break to the south, or will the price rally back up a bit today? On the Daily, the price is in a range, but for today, we'll have to wait and see what the NY open brings.

Contributions welcome.
 

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postman

Legendary member
26,333 3,334
... but for today, we'll have to wait and see what the NY open brings.

Contributions welcome.
"Thus it is that in war the victorious strategist only seeks battle after the victory has been won, whereas he who is destined to defeat first fights and afterwards looks for victory."
Sun Tzu

If you are waiting for the battle to start to see who wins you have already lost.
Plan the day in advance and see if it is going your way on the open.
My plan was dip on the open after the bad jobs numbers and retrace to the price magnet which is 28,000.

Just another opinion. Good luck.
 

EddieMarkel

Member
66 1
Dow 27,950 is ok you dont have to push it.
For now Dow in bear trend as shown in Dow4.
the middle destination is 27,897 as shown in Dow2.
the upper destination is 29,100 as shown in Dow3.
 

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postman

Legendary member
26,333 3,334
Dowis the first to show weakness and sign to go down (Red point on halfway indicator).
the price region for Dow is 27,766 - 28,837.
I think that Dow go first to check price 28,837. View attachment 289670
The dow is going no where near 28,800.
28,000 MAX then a fall to 27,200 this week.

Your chart is confusing it just looks flat no discernible pattern from a horizontal line. Try contracting the Y axis so we can see what you are trying to show us.
Cup handle patterns are voodoo like sharks and bats, its a scam to make you buy expensive trading courses.

All my humble opinion of course.
 
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EddieMarkel

Member
66 1
this is not consultation or advice.
I think that the situation about covid 19 in the world has influence on the markets.
Indices:
Dow show weakness (red dots), its go under the blue line and set as target the red line(26,694).

S&P500 go under EMA , show weakness(red dots), but stop on the blue line(3,380).
if S&P500 go down under the blue line, I think its go to meet the red line at 3,226.

Nasdaq go under EMA and show weakness (red dots), I think its go after Dow and S&P500.
S&P500.png
S&P500.png
 
 
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