Dow Jones taps 250SMA

Jan 21, 2022

I didn't even think it was a thing, but sure enough when I inputted 250SMA on the DIA chart, I see it bounced off $344.35 which is right next to 250SMA ($343.71). I think it's smart to hedge and hold or roll put protection while setting up long positions going through earnings season. Here's important levels on the 1 day chart:

52 week high = $369.50
52 week low = $298.59

SMA250 = $343.71
SMA200 = $349.78
SMA150 = $352.37
SMA100 = $354.20
SMA50 = $465.66

breakout = $380.17
R3 = $375.64
R2 = $371.12
R1 = $366.59
pivot = $362.06
S1 = $357.54
S2 = $353.01
S3 = $348.49
breakdown = $343.96

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

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Apr 14, 2022

Note

DIA holding up

May 9, 2022

Note

DIA pairs losses by 3pm