YM1
US30USD YM1! DOW 2022 MAR 21 Week
US30USD YM1! DOW 2022 MAR 21 Week
If 34034 support holds, look for long on retracement
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34968 34367 34034
33427 32492 32167
Weekly: Average volume Up bar closing near high = strength
Daily: Low volume up bar closing near high = weakness
H4: Average volume up bar closing at high = strength
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Have a profitable week ahead.
Dow Jones: Just a Little Bit More 🤏Dow Jones is pressing further and further upwards and has nearly reached the resistance at 34205 points. Once the index has crossed this line, we expect it to gradually continue its ascent above the next marks at 35521 and 36446 points, which should each affirm the upwards movement. There remains a 35% chance, though, that Dow Jones could drop below 32167 points and into the magenta zone between 31292 and 29978 points first before endeavoring to rise up again.
US30USD YM1! DOW 2022 MAR 14 Week
US30USD YM1! DOW 2022 MAR 14 Week
With the break of 33087, market may next test of 32167-32427.
Preference will be to short on retracement with target to this
level.
Breach of this level will see test of lower levels.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34968 34367 34034
33427 32492 32167
Weekly: Average volume down bar closing off low = some demand.
Daily: Low volume down bar closing at low = weakness
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Have a profitable week ahead.
Dow Jones: SeesawDow Jones is currently see-sawing between the resistance at 34205 points and the support at 32167 points and seems hesitant to move forward too fast. We expect the index to move, though, namely upwards. As soon as it has effectively crossed the resistance at 34205 points, it should continue to rise above the next one at 35521 points and still further above 36446 points. However, to assert this scenario, Dow Jones must not fall below the support at 32167 points, otherwise our alternative scenario with a probability of 40% would commence. In that case, the index should make a detour through the magenta zone between 31292 and 29978 points before climbing up again.
US30USD YM1! DOW 2022 MAR 07 Week
YM1!
US30USD YM1! DOW 2022 MAR 07 Week
Last week, long from test area1 at 32672 and short from 34034 worked.
Market is in a rotation between 34034 and 33087
As such, preference to short at resistance and long at support is
preferred, until any decisive directionis shown by the market.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34968 34367 34034
33230 32672 32167
Weekly: Average volume down bar closing in middle =
undecisive
Daily: Average volume down bar closing off high = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30USD YM1! DOW 2022 FEB 28 Week
US30USD YM1! DOW 2022 FEB 28 Week
Last week's short from 34367, and late week long
on support was highly profitable.
With price pushing up on very high volume, there's a
possibility of price returning to test these high volume area,
scenarios will be:
1) Long if test area 1 is supported
2) Long if test area 2 is supported
3) Not forgetting the trend channel showing overbought,
there may be an opportunity to short if price shows rejection
at 34367 / 34034
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34968 34367 34034
33230 32672 32167
Weekly: High volume wide spread up bar closing off high =
weakness
Daily: Very high volume up bar driving demand to close above
33031 followed by average volume up bar closing near high
= strength
H4: High volume down bar closing off high = demand present.
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Have a profitable week ahead.
YM1! down scenarioIn a contractionary monetary policy and with oil near $100.00 per barrel, businesses especially the industrial ones will face hard times to improve their earnings.
I'm giving a scenario on how the price might behave with those key prices.
always remember use proper risk management and trade size with this wild volatility.
good luck
US30USD YM1! DOW 2022 FEB 21 Week
US30USD YM1! DOW 2022 FEB 21 Week
34697 weakness provided good short .
As market approaches UHV area of bar A, possible scenarios:
1) Long if 33734 is supported
2) Long if 33031 - 33355 is supported
3) If price is resisted at black trendline and 34367 region =
short opportunity
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34968 34367 33734
33355 33031 32737
32036
Weekly: Average volume down bar closing near low = weakness
Daily: Average volume down bar closing off low showed =
demand present
H4: High volume down bar closing off high = demand present.
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30USD YM1! DOW 2022 FEB 14 Week
US30USD YM1! DOW 2022 FEB 14 Week
Last week, H4 chart showed price advancing on narrow
spread is a classic long trap. 10 and 11 Feb's short due
to this weakness worked well.
Preference is to wait for the price reaction at 34697.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35714 35311
34697 33734 33383
32737 32036
Weekly: Average volume upthrust bar closing near low
= weakness
Daily: Average volume down bar closing off low showed
some demand is present.
H4: Very high volume down bar closed higher than
previous bar = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
02-09-2022 Daily levels for Emini's Today pivot points in play for SPY are 453.73 ,444.69 and to an extent 459.77 as absolute resistance . SPY is handling the 444.69 level since past 4 days
one complex trendline is also coming into play as support . Daily MA 200D and 20D are acting as support .SPY gapped up nicely at 453.73. next stop is 459.77 . if on any negative note , it will turn offers down to 444.69 or below that . But absolutely not an inside day which is a good note for traders
Looking to see the market at open
YM Daily broke support 35293 and going up towards resistance @ 35896 AMEX:SPY
Can go LONG today , target resistance @YM
NQ has allsorts of resistance above this level. But its NQ it has the potential to travel places far out of reach 15037.25 is its immediate resistance for today which is 200 ma Daily. But actual resistance waiting at 15128 ,also make a note of 15335 level as next resistance .NQ support @14838.50
RTY , resistance at 2083.04 for today , support is far now . This is tricky. 1932 is RTY's support.
I prefer watching RTY in first place to understand the markets direction
AMEX:SPY
CBOT_MINI:YM1!
The Anatomy Of The Perfect Short Signal | YM Extreme TurnThe Dow Jones Futures Contract (YM) produced the perfect sell signal today, a one bar (30m) Extreme Turn condition.
Be sure to watch the Related Ideas post called How, When, & Where To Catch A Falling Knife Using RSI for the context, theory, and indicator logic, behind the sell signal covered in this video.
Note: The hand mouse-over cursor got a little wonky and is not positioned on the chart where I was actually recording. It's close, but still a bit off. Acceptable enough, but thought worth mentioning.
Stay Green & Trade Like You Mean It!
US30USD YM1! DOW 2022 FEB 07 Week
US30USD YM1! DOW 2022 FEB 07 Week
Test of breakout at 34697.
If 34697 is supported, will look for long opportunity / long
on retracement.
The indecisiveness presented on weekly/daily bar may
result in a whipsaw market. Trade with care.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35518 35206
34697 33734 33383
32737 32036
Weekly: Average volume up bar closing in middle = Indecisive
Daily: Average volume up bar closing on middle = indecisive
H4: Average volume Upthrust bar closing at low = weakness.
Remember to like and follow if you find this useful.
Have a profitable week ahead.
DOW looking pretty bad we might see it at $30,500.Dow Jones Is doing very bad. We could see a very bad crash if the candles break out of the trading range and break the S1 support.
According to my technicale analysis of The DOW Futures , we can see that the #DOWJONES market is in a trading range, and it's approaching a very important Candle. Stay tuned, we note that we might goning to see a down trend in the next few weeks!
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US30USD YM1! DOW 2022 JAN 31 Week
US30USD YM1! DOW 2022 JAN 31 Week
Both scenario did not play out, rather resistance at
34782 did provided some short opportunity.
Market rotated between 34782 and 33383.
Preference to adopt rotational play, i.e. entries will be
made at the boundary of the rotation range.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35518
34782 33734
33383 32737
32036
Weekly: Very high volume up bar closing near high = Weakness
Daily: Average volume up bar closing at high = strength
H4: Average volume up bar closing near high = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30USD YM1! DOW 2022 JAN 24 Week
US30USD YM1! DOW 2022 JAN 24 Week
Scenario 2 provided a very fruitful short opportunity last week.
Price has reached demand line of channel into oversold, and
looks like the formation of a distributive structure.
Price reaction at 33927 and 34328 will determine the
strategy to adopt -- refer to possible scenarios .
Short on Test and Reject | Long on Test and Accept
36446 35518
34782 34328
33927 33383
32737 32036
Daily: High volume down bar closing at low = weakness
H4: Average volume down bar closing at low = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
Dow Jones Industrial this could be the dip, if the markets crashed.
in this macroeconomic environment, and the lack of liquidity, most analysist are talking about a crash in the markets, what we can see from the charts, is this. the market could dips till this low after it resume the long term bull run.
US30USD YM1! DOW 2022 JAN 17
US30USD YM1! DOW 2022 JAN 17
Last week's scenario 1 and 2 trades were good.
Preference is to long on pullback.
Considering Weekly and H4 weakness, preference to short on
retracement.
Possible scenarios play out provided.
Short on Test and Reject | Long on Test and Accept
37760 36960
36806 36390
36120 35882
35521 35164
34894 34547
33927 33383
Weekly: Average volume down bar closing off low = some
strength
Daily: High volume down bar closing in middle = some strength
H4: UHV down bar followed by up bar = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.