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YM1

US30USD YM1! DOW 2022 MAY 16 WeekUS30USD YM1! DOW 2022 MAY 16 Week Last week scenario1 breakdown finally happened.Friday market tested breakdown area 32167 Play scenarios mapped out: 1) Test and reject 32167 for short opportunity 2) Test and reject 32554 for short opporutnity Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34945 34027 33066 32554 32492 32167 Weekly: Ave vol down bar close above middle = minor strength Daily: Low vol down bar closing off high = weakness H4: Low vol up bar close off high = weakness Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
Extreme Selling Event May Nearly Be Over. This chart shows how the extreme selling over the past few weeks has deleveraged/revalued the US/Global stock markets to near extreme lows. Historically, once this indicator falls below 25, the markets appear to be near extreme capitulation of any selling event. Obviously, extreme market trends could push this level below 25 for longer periods of time, but this is getting fairly over-extended in terms of selling after a moderate Fed rate increase and a moderate consumer pullback. Follow my research. My longer-term models are STILL BULLISH. Watch Crude Oil. A big breakdown in Crude would coincide with the end of a price decline - representing a devaluation of overvalued energy costs. Pay attention.
MLong
by BradMatheny
Dow Jones: Move Yourself!Move yourself! You always live your life, Never thinking of the future. Prove yourself! You are the move you make, Take your chances, win or loser. See yourself! You are the steps you take, You and you, and that's the only way. Shake, shake yourself! You're every move you make, So the story goes… Dow Jones should listen closely to “Owner of a Lonely Heart” by Yes as the text of the first stanza is indeed in accordance with what we would encourage the index to do. After it has been given the brush-off by the resistance at 34038 points, Dow Jones has retreated deeply into the green zone between 33724 and 32519 points, even touching the white zone between 32389 and 32241 points below it to finish wave (C) in white. Now, the index should brace up and move upwards, striding across the green zone and climbing above the resistance at 34038 points. However, there is a 45% chance that Dow Jones could fail to pick itself up and could drop below the support at 32167 instead.
CBOT_MINI:YM1!
by MarketIntel
1
Dow starting to set up a floor?Hi, trading view community. Looking at the Dow Jones on the daily chart, we’re starting to see a floor being set up by buyers from 32,485. This level sits in a deeper area of demand that’s been in play since February 22nd. After a volatile week of trade, could we see buyer confidence come back into the market today? We want to see price hold above 32,485. A close below that level maintains seller drive, with indicators like the EMA and CCI still pointing to bearish conditions. But if we can see price continue to trade above that level, could the number be with buyers at the moment? Currently, the YM is 0.77% lower at 32,558
DJ:DJI
by Eightcap
US30USD YM1! DOW 2022 MAY 08 Week US30USD YM1! DOW 2022 MAY 08 Week Last week, previous demand at 32427-32167 returned to support the market, so we have scenario 3 where market returned to test the recent 2 highs. Market is now again approaching 32427-32167. Again wait for price reaction to this level. Play scenarios mapped out: 1) Scenario 1 extension toward 32167-32427 region for a breakdown 2) Market rotates between 34027 and 32167-32427 Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34945 34027 33066 32492 32167 Weekly: Average vol wide spread down bar close of low = strength Daily: Ave volume down bar closing above mid of bar but off high = minor strenth H4: Ultra high vol down bar closing off high followed by average volume up bar closing off high = weakness Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
US30USD YM1! DOW 2022 MAY 02 Week US30USD YM1! DOW 2022 MAY 02 Week If no exception, market will likely continue toward 32427-32167 Scenario1 extension from last week's analysis. Wait for price reaction. Play scenarios mapped out: 1) Test of 34220 breakdown, and continue toward 32167-32427 region 2) 32167-32427: If level is broken and later market returns to this area, and is supported, next may be an attempt for an upward move 3) Market not ready for downward move toward 32427, return to clear demand between 34220 - 33081 region Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34945 34367 34220 33066 32492 32167 Weekly: Average volume down bar close at low = weakness with some demand Daily: Ave volume down bar closing at low = weakness H4: High vol down bar closing off low = minor strength Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
YM Dow futures to retest previous low; 17% & 20% correction riskIt seems even more likely that YM Dow futures may retest the most recent 12% correction low with major moving averages failing to give support. Bearish scenario: However, if this negative 12% level does not hold, the risks are increasing that it may target the next 17% correction level. (This is more likely that the worst scenario of a 20% correction bringing it to the brink of a potential bear market.) Bullish scenario: If the 12% correction holds, we may see a return to Value stocks as growth stocks remains pressured in an increasing rates environment. Not trading advice
CBOT_MINI:YM1!
by xtremerider8
Dow Jones: EnsnaredRemember the Devil’s Snare in “Harry Potter”? It is one of the obstacles Harry, Ron and Hermione have to overcome to get to the Philosopher’s Stone. Quite similarly, Dow Jones is ensnared by the green zone between 33790 and 32534 points, which it has entered already for the second time. We expect it to advance a bit deeper still to finish wave (5) in white, wave c in turquoise and wave 2 in green. After it has managed this task, the index should rise out of the green zone and above the mark at 34038 points. There, it should gain enough upwards momentum to cross the resistance at 35413 points as well. To confirm this scenario, though, Dow Jones must not fall through the bottom of the green zone and drop below the support at 32167. However, there is a 40% chance that this alternative scenario could come into play.
CBOT_MINI:YM1!
by MarketIntel
DOWJONES 4 hour : dont fear pick buy above 33000 and hold ittoday nasdaq push index down , mst powerfull place ( next low) can be in 33000 , after buy DONT CLOSE IT SOON , TRY HOLD IT 15-20 DAY minimum to 34400 EMA200 daily will touch soon or late !!! for safe buy , after 33000 touch , you can wait Pinbar comes on 1hour or 4hour , or daily chart or in 15min chart , dow break last trendline to up good luck , if you have old buys , dont fear on dow daily chart trend is UP , it will fly up soon
CBOT_MINI:YM1!Long
by ramin_trader2006
1
US30USD YM1! DOW 2022 APR 25 Week US30USD YM1! DOW 2022 APR 25 Week Scenario1 Rotational play between 34220-35330 yielded good result. On Friday we saw Scenario 2 with breakdown of 34220 short. Market should be attempting 33433 next, and then the 32427-32167 region. Should market reach 32427-32167, wait for price reaction. Play scenarios mapped out: 1) Test of 34220 breakdown, and continue toward 32167-32427 region 3) 32167-32427: If level is broken and later market returns to this area, and is supported, next may be an attempt for an upward move 3) 33433 is supported and market attempt higher levels. Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34945 34367 34220 33427 32492 32167 Weekly: Average volume wider spread down bar close off low = weakness with some demand Daily: High volume down bar closing off low = weakness with some demand H4: UHV bearish absorption + high vol down bar closing at low = weakness Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
YM! Potential Bullish Momentum | 18th April 2022 We see that price is moving nearer to the pivot level. Price can potentially bounce off from the buy entry level of 34174 in line with 38.2% Fibonacci retracement towards take profit level of 34960 in line with previous horizontal swing high. Alternatively, price might continue to drop towards stop loss level of 33436 in line with 61.8% Fibonacci retracement. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CBOT_MINI:YM1!Long
by Rockqet
US30USD YM1! DOW 2022 APR 18 Week US30USD YM1! DOW 2022 APR 18 Week Friday's bar showed rejection of 34945 - 34800 region. A Our response to market's attempt at retracement should then be to short. Per 11 Apr's analysis, Market will likely head lower should intermediate support 34220 becomes resistance, adopt a short on retracement preference. Play scenarios: 1) Rotational play between 34220 - 35330 2) Breakdown of 34220 and this becomes resistance, market may test 33433 and 32200 region. 3) Test of breakout area 33433 and supported = long opportunity. Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34945 34367 34220 33427 32492 32167 Weekly: Low vol down bar closing off low = minor strength Daily: Average vol down bar closing at low = weakness H4: Average vol down bar closing off low = minor strength. Read of the last 3 bars showed S>D. Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
YM! Potential Bullish MomentumPrice is near to the buy entry level of 34174 which also lines up with the 38.2% Fibonacci retracement. It can potentially rise up to the take profit level of 34960 in line with previous swing high. Our bullish bias is supported by how price is expected to bounce off the support of the RSI indicator. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CBOT_MINI:YM1!Long
by Rockqet
US30USD YM1! DOW 2022 APR 11 Week US30USD YM1! DOW 2022 APR 11 Week With weakness shown by Supply>Demand and followed by a UT, market will likely head lower should intermediate support 34220 becomes resistance, then we should look to short on retracement. Play scenarios: 1) Rotational play between 34220 - 35330 2) Breakdown of 34220 and this becomes resistance, market may test 33433 and 32200 region. 3) Test of breakout area 33433 and supported = long opportunity. Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34945 34367 34220 33427 32492 32167 Weekly: UT bar followed by down bar = weakness confirmed. Daily: Average vol up bar closing off high = weakness H4: UHV up bar closing off high followed by down bar = weakness Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
US30USD YM1! DOW 2022 APR 04 Week US30USD YM1! DOW 2022 APR 04 Week Market encountered weakness and attempt for higher prices were rejected. The week ended with minor support on Friday's low. Play scenarios: 1) Rotational play between 34220 - 35330 2) Test of 34220 and supported = long opportunity 3) If 34220 is broken and resisted = short opportunity 4) Test of breakout area 33433 and supported = long opportunity. Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34945 34367 34220 33427 32492 32167 Weekly: Low vol upthrust bar closing below middle = potential weakness. (if next bar closes lower, weakness is confirmed) Daily: Average vol up bar closing above middle = strength. H4: UHV down bar followed by high volume up bar closing off high. Some support but supply still present.= minor strength Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
US30USD YM1! DOW 2022 MAR 28 Week US30USD YM1! DOW 2022 MAR 28 Week 34034 support held, and market went into rotation between 34220 - 34800. Looks like market may be building a bullish cause so that it can return into the upward channel. Play scenarios: 1) Rotational play between 34220 - 34800 2) Breakout long play if confluence of 34800 + return into channel is supported. 3) Test of 3343 play - breakdown and resisted at 34220 bottom of rotation and market may test 33433 Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34800 34367 34220 33427 32492 32167 Weekly: Low vol up bar closing off high = No demand weakness Daily: Low vol up bar closing off high, narrower spread bar on same effort = weakness H4: Ultra high vol upthrust bar closing below rotational resistance 22800, followed by up bar = some strength. Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677