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E-mini Dow Jones ($5) FuturesEE

E-mini Dow Jones ($5) Futures

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YM1! trade ideas

YM1! US30USD DOW 2023 MAY 08 WEEKCBOT_MINI:YM1! Test and reject of 34275 for first week of May: Entry: 34105 | Risk 100pts (reduced size) | Exit 33674 | Profit 430pts Now that YM has exited rotation, and tested boundary, we may see the likelihood of a rejection trade from 33670. Set your alarm there. Possible scenarios: 1) Test and reject of 33670 = short Volume Analysis: Daily: High volume breakdown from rotation, followed by lower vol up bar close off high = confirmation of supply overcoming demand H4: Lower vol up bar close off high = weakness Price reaction levels Short on Test and Reject | Long on Test and Accept 35228 34605 34275 33670 32681 31657 Remember to like and follow if you find this useful. Have a profitable week ahead.
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by paradox677
Dow Jones Forecast: Waiting to edge lower amid mire of uncertain Dow Jones dropped as risk-off took the driver’s seat ahead of FOMC meeting. From a technical perspective, Dow Jones is brewing a Bat Pattern on the weekly chart. In a shorter term, Dow is struggling to resume uptrend, what key levels to watch? The recent bank sector woes triggered wild swings in the markets this week. The failure of three American banks and the crisis in Credit Suisse reignited the concerns over banking sectors even the broader financial system. As the authorities quickly stepped in, the markets did calm for a while. The Dow Jones, S&P 500 and Nasdaq rallied on Thursday. Earlier this week, the Federal Reserve and Swiss National Bank announced to provide liquidities to relevant institutions to avoid an overwhelmed catastrophe, and a group of large U.S banks was reported to rescue troubled First Republic Bank by providing $30 billion lifeline. However, the market has still been left in huge uncertainty so far as investors are trying to figure out if the latest developments would change the rate hike paths of central banks. With the Federal Reserve interest rate awaiting, many analysts are now expecting a 25 bps rate hike next week. As a result, heading into the weekend, risk aversion regained control across the markets. At the time of writing, US equity indices retreated significantly from yesterday’s gains as Dow Jones led the way lower. DOW JONES WEEKLY CHART Technically, Dow Jones has decisively broken below the neckline of the Double Top Pattern on weekly chart, which usually hints further downside moves ahead. As shown above, the blue chip index may be establishing a huge Bat Pattern, with the ideal D point at 29,962, which is confluent with the 38.2% Fibonacci retreatment of 2020-2022 move, just below the 30,000 handle. As such, the longer term outlook for Dow Jones bias to bearish. The path of least resistance of price may be lower. DOW JONES DAILY CHART Zooming in on the daily chart, however, Dow Jones remains in the defined range in recent days, with 32,734 (50% Fibonacci retreatment) and 31,766(38.2% Fibonacci retreatment) as the resistance and support respectively. The prices have bounced off the lower band for the third time, suggesting the strength of support there. The RSI indicator turned lower below the neutral level, which can sometimes precede bearish momentum. The immediate resistance looks to the upper band 32,734, a break from upside may open the door to the prior highs of 33,000 and 33.590. On the flip side, the initial support looks to the lower band 31,766. A break below would guide the price back to the broader downtrend.
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by liuhanzhang75
YM1! US30USD DOW 2023 APR 24 WEEKYM1! US30USD DOW 2023 APR 24 WEEK Discretionary trade at the 34275 rejection yielded 350pts. With price failing to reach previous supply level 34605, could market be indicating that demand at higher levels have been exhausted? If so, we may be looking at further distribution (i.e. selling) Possible scenarios: 1) With weakness observed, wait to short at rejection at 34605 // 34275 2) Possibility of rotation between 33670 - 34275 = trade at boundary of range Volume Analysis: Daily: Possibility of buying climax. Price reaction levels Short on Test and Reject | Long on Test and Accept 35228 34605 34275 33670 32681 31657 Remember to like and follow if you find this useful. Have a profitable week ahead. CBOT_MINI:YM1!
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by paradox677
Dow Jones: Spring Fever 🥱Has Dow Jones caught spring fever? At the moment, the index seems to lack the necessary drive to continue expanding wave (i) in blue. However, we expect Dow Jones to pull itself together soon and to summon up enough momentum to make it above the resistance at 35 521 points. The index should not surmount the higher mark at 36 446, though, but finish the current movement and turn downwards again. There is also still a 35% chance that Dow Jones could slip below the support at 28 635 points, heading for a new low in the form of wave iv in magenta.
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by MarketIntel
YM1! US30USD DOW 2023 APR 17 WEEKCBOT_MINI:YM1! YM1! US30USD DOW 2023 APR 17 WEEK Previous long scenario2 at 32595 // 33590 worked well. Potential weakness observed. Market now is approx. 500pts away from 34605. Possible scenarios: 1) Trade to be guided by channel 2) With weakness observed, wait to short at channel's supply line or rejection at 35228 // or 34605 previous rejection area Volume Analysis: Weekly: higher volume up bar close off high = minor weakness Daily: Higher vol mark up to close lower, and a close below middle of bar = potential weakness Price reaction levels Short on Test and Reject | Long on Test and Accept 35228 34605 33590 32595 31657 Remember to like and follow if you find this useful. Have a profitable week ahead.
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by paradox677
YM1! US30USD DOW 2023 APR 03 WEEK YM1! US30USD DOW 2023 APR 03 WEEK Price was marked up on low volume = possibility of trapping longs. Keep your stops tight if you are holding long positions. Possible scenarios: 1) Sell if False break of 33590, test and reject of recent high 2) Long on test and accept of 32595 // 33590 Volume Analysis: Weekly: Low vol up bar close off high = possible selling, trapping longs Daily: Wide spread low vol up bar close off high = possible selling, trapping longs Price reaction levels Short on Test and Reject | Long on Test and Accept 35228 34605 33590 32595 31657 Remember to like and follow if you find this useful. Have a profitable week ahead.
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by paradox677
Sell setupTrade: Sell at 32975 or higher Stop: 33150 Notes The model: The Ingenuity Trading Model is a Geometric Markov Model with specific inputs related to Price, Time, Volume , and Volatility. The model attempts to predict local minimums and maximums in price on a daily and weekly basis. A fancy way of saying a trading system that detects specific patterns in price, time, volume, and volatility and indicates whether to buy or sell. On winning trades after 1 day take at least ⅓ of the position off and move stop to breakeven
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by IngenuityTrading
YM1! US30USD DOW 2023 Mar 27 YM1! US30USD DOW 2023 Mar 27 Support long at 31747 was good. Note the trendline resistance at the moment. I'll be back in April, keep profits and rest from cold. Possible scenarios: 1) Short on reject of 32789 Volume Analysis: Weekly: Ave vol up bar close off high (some supply present) Daily: Ave vol up bar close toward high Price reaction levels Short on Test and Reject | Long on Test and Accept 34689 32789 30513 28635 Remember to like and follow if you find this useful. Have a profitable week ahead.
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by paradox677
Dow Jones /YM : First Target Reached, What to Look for Next/YM hit the first target of 32650 shared in my previous idea (see below). The next target is 32900, followed by 33200, 33500 depending on how price develops. I have sketched two scenarios of equal probability. 1) Price finds resistance at the channel structure and pulls back before a push to 32900 T2 2) Price breaks channel resistance and makes a straight push to 32900 I will post updates as price develops. Share your thoughts in the comments and leave a like if you found this analysis helpful Previous /YM Analysis:
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by AidanMDang
YM1! US30USD DOW 2023 Mar 20 YM1! US30USD DOW 2023 Mar 20 During the week, the formation of A-A1 rotation offered rotational play opportunity. Demand has built up, with weekly bar showing loss of selling momentum. But it takes time for the vessel to turn, so wait for support to manifest before going long Possible scenarios: 1) Rotational play between 31750 - 32600 (approx 850pts range) 2) Continuation long = long on retracement, to test 33590 3) Short if 31747 was broken through and becomes resistance Volume Analysis: Weekly: Higher vol, narrower spread down bar close off low = reduced downward momentum Daily: Ave vol down bar close toward off (non-trend changing) Price reaction levels Short on Test and Reject | Long on Test and Accept 34689 32789 31747 31097 30513 Remember to like and follow if you find this useful. Have a profitable week ahead.
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by paradox677