$DIA Analysis, Key Levels & Targets for Feb 18

18 Şub

Welcome back, y’all. We just had a 3 day weekend so we got an extra day of theta burn if you had any spreads on over the weekend.

So This weeks Trading Range doesn’t look too complicated but I do want to draw attention to TWO things.

FIRST - in the trading range - The moving averages are bearish here. The 35EMA is under the 30min 200MA.

SECOND - the 50DMA is facing DOWN.

The 30min 200MA and the 35EMA are running together.

These two things are enough to keep us flat or down on the week while we either meet up with the 50DMA or wait for it to catch up.

Outside of that resistance and support are labeled.

Expected move on the week is 439-450

Let’s go !!

19 Şub

İşlem aktif

DIA's Chart has not changed for today. The 35EMA is still sitting bearishly under the 30min 200MA so look to the 30min 200MA as a resistance and always know where the 35EMA is!!