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MYM1!

MYM1! Bullish Price Action for 10/31 This week’s overall trend for CBOT_MINI:MYM1! appears bearish, but during the NY session, we’re seeing strong bullish moves, often exceeding 200+ ticks. Given this pattern and the respected supply zone, I anticipate similar price action tomorrow (10/31). I plan to enter at the 8:30 CST open, aiming for a 250-tick gain, and then sell as price reaches the supply area for a target of 280 ticks. This is my first posted idea, so let’s hope it plays out as expected. Let’s collect those ticks!
CBOT_MINI:MYM1!Long
by GeneralJWS
5
Market is on its Upper Band - Its 2nd Camel HumpAll the major markets are testing their upper band channels since their first major hump in the 90s. The Russell 2000 has reached its second hump and is on the way down. Though the Russell 2000 is the least known among the four indices, it serves as a leading indicator for the other three. Why? The Russell 2000 comprises 2000 mid-sized listed companies, which I believe employ the largest workforce in the United States. This means their employees are also the mass consumers who use or buy products and services listed on the Nasdaq, S&P, and Dow Jones. When the Russell 2000 is not doing well, mass consumers tend to spend less, and the rest of the indices subsequently follow. Micro E-mini Futures & Options Ticker: MYM Minimum fluctuation: Outright: 1.0 index points = $0.50 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
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Is this rally a bear trap or a resuming bull? This is what we will be discussing today, and we are going to study both its technical and fundamental reasons and subsequently to derive why it is a bear trap? Or could it be a new bull in the making? I hope this tutorial will be helpful, in enabling you to read into the market with greater clarity. I have started a trading series, purpose for trading into longevity. Last week was on Buy Strategy, today on Sell Strategy. These strategies shared, they all can be applied to most markets and in different time frames. Content: a) The sell strategy – applicable to both: · Long-term – Fundamental & Technical · Short-term – Fundamental & Technical b) Bull or Bear? Some important dates: 14 Dec 21 - Fed: "Inflation no longer transitory" 10 Nov 22 – Oct CPI @ 7.7%, below expectation of 8.2% Micro E-mini Dow Jones Futures Minimum fluctuation 1 index point = $0.50 10 = $5 100 = $50 Of course if you need something more sizable, there is the E-mini Dow Jones Futures. You can refer to the links below, you will find some of my past video tutorials, on how I time the different markets. As time passes, you will see how nicely most markets trend along our analysis then. Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
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2 Steps in Drawing a Downtrend Channel A buying strategy in a downtrend. How to identify buying opportunity in a downtrend? Not my preference to buy in a downtrend, but that does not mean we should avoid it when buying opportunity arises. Recognizing it is a downtrend, we keep our buy position short-term; as we are going against the trend. Discussion: Rules in constructing a downtrend parallel trendline Rule 1 – First the downtrend line Rule 2 – Then, its parallel Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
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