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Ym

Elliott Wave View: Dow Futures (YM) Should Continue to Print AllDow Futures (YM_F) continues to make a new all-time high and the Index should see further upside. Short term Elliott Wave suggests the rally from February 1 low is unfolding as a 5 waves impulse. Up from February 1 low, wave 1 ended at 31662 and pullback in wave 2 ended at 31100. The internal subdivision in wave 2 unfolded as a double three Elliott Wave structure. Down from wave 1 at 31662, wave ((w)) ended at 31228 as a zigzag. Index then pullback in wave ((x)) which ended at 31615, then it resumed lower to end wave ((y)) at 31100 with internal as a zigzag. This move lower completed wave 2 in higher degree. Index has resumed higher and broken above wave 1 high, suggesting the next leg higher has started. Rally from wave 2 low also looks impulsive and incomplete. Expect a few more highs to end the 5 waves up from wave 2 low and end wave ((i)) of 3. Index should then pullback in wave ((ii)) of 3 to correct cycle from February 23 low before the rally resumes again. As far as wave 2 pivot low at 31100 stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
CBOT_MINI:YM1!
by Elliottwave-Forecast
2
Elliott Wave View: Dow Futures (YM) Remains Bullish as We End YeShort term Elliott Wave view on Dow Futures (YM) suggests the rally from October 30 low is unfolding as a 5 waves impulse Elliott Wave structure. Wave (1) of this impulsive rally ended at 30333 and pullback in wave (2) ended at 29308. The Index has resumed higher in wave (3). Up from wave (2) low at 29308, wave ((i)) ended at 30198 and wave ((ii)) pullback ended at 29735. Index then resumed higher in wave ((iii)) which subdivide into another 5 waves of lesser degree. Up from wave ((ii)) low, wave (i) ended at 30182 and dips in wave (ii) ended at 29956. Wave (iii) ended at 30418, wave (iv) ended at 30278, and final leg wave (v) of ((iii)) ended at 30502. Wave ((iv)) pullback is currently in progress as a zigzag where wave (a) ended at 30166 and wave (b) ended at 30416. Expect another leg lower in wave (c) to complete wave ((iv)) before Index resumes the rally again. Potential target for wave (c) of ((iv)) is 100% – 161.8% Fibonacci extension of wave (a) which comes at 29877 – 30083. From this area, the Index can extend higher or bounce in 3 waves at least. As far as December 21 pivot low at 29308 remains intact, expect Index to extend higher.
CBOT_MINI:YM1!
by Elliottwave-Forecast
Spooky Trendline NKDSince 2018 NKD1! has been posting diminishing returns within their market. Though, these are new times none of us have witness when it comes to new economic and monetary policy. Do we reject this trend and print yet another lower high? Or does the Japanese market breakout? What is interesting is that during the US market correction that occurred at the start of September, NKD merely chopped. This appears to be a bullish sign, but we shouldn't enter a play at this moment. We will wait for either a breakout or a breakdown to position ourselves in the correct manner.
CME:NKD1!
by UnknownUnicorn1946597