$DIA Analysis, Key Levels & Targets for This week Feb 3-7
This is still the trading range for the week. I re-calculated everything after yesterday’s one standard deviation trading range because of the overnight gap down, but this is the implied move from the beginning of the week.
Momentum on that 50 day moving average is starting to slow down but overall DIA looks pretty healthy here. That 50DMA is running along the bottom of the epected move so I feel very comfortable with my bottom spreads - I wouldn’t be surprised to see a bit of sideways maybe this week. We did see a lower low from recent all-time highs so that is note worthy. Personally, I would like to see more down, but momentum is still up so if we do go down, it will be as slow move. Or more likely just sideways consolidation
437 to 452 is this weeks trading range - so far we are right in the middle of it. I have iron butterfly from Friday and condors also from Friday with wings at 437 and 455 that i will add to if tested
Momentum on that 50 day moving average is starting to slow down but overall DIA looks pretty healthy here. That 50DMA is running along the bottom of the epected move so I feel very comfortable with my bottom spreads - I wouldn’t be surprised to see a bit of sideways maybe this week. We did see a lower low from recent all-time highs so that is note worthy. Personally, I would like to see more down, but momentum is still up so if we do go down, it will be as slow move. Or more likely just sideways consolidation
437 to 452 is this weeks trading range - so far we are right in the middle of it. I have iron butterfly from Friday and condors also from Friday with wings at 437 and 455 that i will add to if tested
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I am not your financial advisor.
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🚨Subscribe here if you want these charts in advanced on YouTube - it’s free, youtube.com/@spyderqueentrading
🔴My Chart Settings- youtu.be/WJhP0NhED0o
I am not your financial advisor.
🔴My Chart Settings- youtu.be/WJhP0NhED0o
I am not your financial advisor.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.