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Dowjonesindex

Micro Dow Jones Futures (MYM1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 33432 Pivot: 32605 Support : 31852 Preferred Case: On the H4, with price breaking out of the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 32605 where the pullback support and 38.2% fibonacci retracement are. Once there is downside confirmation of price breaking pivot structure, we would expect bearish momentum to carry price to 1st support at 31852 where the pullback support, 61.8% fibonacci retracement and 127.2% fibonacci extension are. Alternative scenario: Alternatively, price could rise to 1st resistance at 33432 where the pullback resistance is. Fundamentals: Due to fears of aggressive interest rate hikes ahead of the central bank’s annual Jackson Hole economic symposium, we have a bearish view on the Dow Jones Index.
CBOT_MINI:MYM1!Short
by Genesiv
E-mini Dow Jones Futures (YM1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 34247 Pivot: 33439 Support : 32608 Preferred Case: On the H4, with price moving above the ichimoku indicator and along the ascending trendline , we have a bullish bias that price will rise from pivot at 33439 where the 23.6% fibonacci retracement, 61.8% fibonacci projection and pullback support are to 1st resistance at 34247 where the swing high resistance, -27.2% fibonacci expansion and 127.2% fibonacci extension are. Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 32608 where the pullback support and 38.2% fibonacci retracement are. Fundamentals: Due to fears of aggressive interest rate hikes ahead of the central bank’s annual Jackson Hole economic symposium, we have a bearish view on the Dow Jones Index. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
CBOT_MINI:YM1!Long
by Genesiv
Micro Dow Jones Futures (MYM1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 35410 Pivot: 34016 Support : 33432 Preferred Case: On the H4, with price moving above the ichimoku indicator and along the ascending trendline , we have a bullish bias that price will rise to the pivot at 34016 where the pullback resistance is. Once there is upside confirmation that price has broken pivot structure, we would expect bullish momentum to carry price to 1st resistance at 35410 where the swing high resistance, 161.8% fibonacci extension and -61.8% fibonacci expansion are. Alternative scenario: Alternatively, price could drop to 1st support at 33432 where the pullback support, 23.6% fibonacci retracement and 61.8% fibonacci projection are. Fundamentals: Since investors have seen evidence that inflation has peaked, we have a bullish view on the dow jones index.
CBOT_MINI:MYM1!Long
by Genesiv
E-mini Dow Jones Futures (YM1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 35402 Pivot: 34029 Support : 33430 Preferred Case: On the H4, with price moving above the ichimoku indicator and along an ascending trendline, we have a bullish bias that price will rise from the pivot at 34029 where the pullback support is to the 1st resistance at 35402 in line with swing high resistance, -61.8% fibonacci expansion and 161.8% fibonacci extension . Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 33430 where the pullback support, 23.6% fibonacci retracement and 61.8% fibonacci projection are. Fundamentals: Since investors have seen evidence that inflation has peaked, we have a bullish view on the dow jones index.
CBOT_MINI:YM1!Long
by Genesiv
E-mini Dow Jones Futures (YM1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 35392 Pivot: 33445 Support : 32687 Preferred Case: On the H4, with price moving above the ichimoku indicator and along an ascending trendline, we have a bullish bias that price will rise from the pivot at 33445 where the pullback support is to the 1st resistance at 35392 in line with swing high resistance and 161.8% fibonacci extension. Alternative scenario: Alternatively, price could break pivot structure and drop to 1st support at 32687 where the pullback support, 23.6% fibonacci retracement and 61.8% fibonacci projection are. Fundamentals: Since investors have seen evidence that inflation has peaked, we have a bullish view on the dow jones index.
CBOT_MINI:YM1!Long
by Genesiv
Micro Dow Jones Futures (MYM1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 33432 Pivot: 32504 Support : 31864 Preferred Case: On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise to our pivot at 32504 where the pullback resistance is. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 33432 where the swing high resistance and -61.8% fibonacci expansion are. Alternative scenario: Alternatively, price could drop to 1st support at 31864 where the pullback support, 38.2% fibonacci retracement and 78.6% fibonacci projection are. Fundamentals: Due to the House Speaker Nancy Pelosi's trip to Taiwan capital, Taipei, the Dow Jones Index is exposed to downside risk and we have a bearish view on the Dow Jones Index. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
CBOT_MINI:MYM1!Long
by Genesiv