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YM (Dow) FUtures UpdateI think they go full pumptard on the Dow. Why? Because dividends. Companies are still making enough money to pay them and DIA dividend yield is 2.3% which is better than nothing. That's what happens when you have zero interest rate. I was trying to figure out why MMM is moving up after missing on earnings .... dividends. If you don't believe me look at PCAR. Pure dividend play, they earned much less than last year but enough to pay dividends. Thaht and it needs to fill the futures gap. NQ and ES already have.
CBOT_MINI:YM1!
by hungry_hippo
11
YM - e-mini DowJones s/r zonesHello traders, Description of the analysis: Important H1 s/r zones where it is appropriate to time positions. Gray support for long positions, red resistance for short positions. The thickness of the zone adds to the importance of this zone. Remember that the red thin line indicates the price where the most trades took place for a given volume profile, so this level is also very important in terms of a fair price. The S / R zones supported by this line are gaining in importance. Trade what you understand depending on your business plan. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund ($4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. Jacob
CBOT_MINI:YM1!Long
by Jacob_Kovarik
One more Gap Filled - but with Divergences TVC:SPX Bonds up, Yen up today - Always means something. We filled a gap that frankly I thought we would have filled weeks ago, but now we have negative divergences. I won't call the top of the stock market impressive V shaped recovery rather its time for a pull back. Maybe back to the 200 day (here in bright green) so they can take more buyers even higher to fill the gap over head. The Nasdaq keeps making higher highs with more divergences - its time for a reset.
TVC:SPX
by Maximilianned
Dow Jones Long-term Megaphone, Limit Reached to the TickOn both the long-term (weekly and monthly) S&P 500 chart and here with the Dow monthly chart, one can see a large megaphone structure or broadening pattern. In both cases, the Fed balance sheet reversal and then repo-induced mania of last year created an overthrow. On the S&P 500 megaphone, this bear market rally culminated in a small overthrow again, but that index now sits once again inside that structure. With the Dow, on the other hand, the rally came to an abrupt halt as it found resistance at that structure and subsequently retreated from it, to the tick. In this chart, it is forming a very strong, long-wick rejection candle. I do believe we will be making our way to the bottom channel once again. We will likely find some support there, but I believe it will then fall out of the structure altogether, the common conclusion of a pattern like this.
CBOT_MINI:YM1!Short
by CHTradingGroup