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US30USD YM1! Dow 2021 Nov 01 WeekYM1! US30USD YM1! Dow 2021 Nov 01 Week Previous high test and reject and Test and accept of 35365 were good. Weakness expected, but no change in trend yet. Strategy will be to Long on test of lower level and short on rejection of higher prices Weekly: Narrowing of spread even on higher volume = weakness (no change in behavior yet) Daily = Average volume up bar closing off high = Weakness H4: Shortening of thrust. Significant bearish volume observed since the ascend = Weakness Strategy for Short (Test and Reject) Strategy for Long (Test and Accept) Entry based on price reaction to the levels on YM1!: 36000 35645 35541 35365 35155 34854 34489 34126 33610 Remember to like and follow if you find this useful. Have a profitable trading week ahead.
CBOT_MINI:YM1!
by paradox677
US30USD YM1! Dow 2021 Oct 25 Week US30USD YM1! Dow 2021 Oct 25 Week Market approaching previous high Some whipsaw expected. Preference is to long when price come to test the lower levels. Weekly: Price advanced on lower volume. Spread has narrowed = weakness (no change in behavior yet) H4: UHV Upthrust bar with strength in background. If next bar closes higher, this then can be confirmed = weakness Strategy for Short (Test and Reject) Strategy for Long (Test and Accept) Entry based on price reaction to the levels on YM1!: 36000 35645 35541 35365 35155 34854 34489 34126 33610 Remember to like and follow if you find this useful. Have a profitable trading week ahead. YM1!
CBOT_MINI:YM1!
by paradox677
US30USD YM1! Dow 2021 Oct 18 WeekYM1! US30USD YM1! Dow 2021 Oct 18 Week Market approaching previous high Some whipsaw expected. Preference is to long when price come to test the lower levels. Weekly: High volume up bar closing at high = Strength Daily: High volume up bar closing on high = Strength H3: Shortening of thrust in the last few bars. Keep stops tight if long. Wait for price to return to lower levels and long when price finds acceptance. Strategy for Short (Test and Reject) Strategy for Long (Test and Accept) Entry based on price reaction to the levels on YM1!: 36611 34489 36000 34126 35547 33908 35347 33610 35171 33383 35000 32858 Remember to like and follow if you find this useful. Have a profitable trading week ahead.
CBOT_MINI:YM1!
by paradox677
US30USD YM1! Dow 2021 Oct 11 Week YM1! US30USD YM1! Dow 2021 Oct 11 Week Market had been ranging for 3 weeks, still awaiting resolution of supply and demand. Weekly: High volume up bar closing off high = some supply present. Daily: Friday saw low volume up bar closing off high = Weakness H3: Some demand has returned to support the market from 06 Oct. YM1! Friday's effort from sellers didn't yield much result = Some strength Strategy for Short (Test and Reject) Strategy for Long (Test and Accept) Entry based on price reaction to the levels on YM1!: 32220 - 32250 33383 - 33478 33715 34126 34364 34854-34934 34554 34674 35250 35500 - 35550 Remember to like and follow if you find this useful. Have a profitable trading week ahead.
CBOT_MINI:YM1!
by paradox677
US30USD YM1! Dow 2021 Oct 04 WeekYM1! US30USD YM1! Dow 2021 Oct 04 Week The high supply volume mentioned last week manifested in a mighty down move. Fruitful week for shorts. Weekly: Ultra wide spread high volume bar closing in the middle, neither supply nor demand gained ground. Daily: High volume ultra wide spread Up bar closing off high = supply still present = weakness H3: Great recovery for Dow on 01 Oct. Ease of upward movement as price tested previous UHV bar A. Should price come back down to test bar B, we may see opportunity for long on signs of strength. Strategy for Short (Test and Reject) Strategy for Long (Test and Accept) Entry based on price reaction to the levels on YM1!: 32220 - 32250 33383 - 33478 33643 33938 34150 34448 34554 34674 34934 35500 - 35550 Remember to like and follow if you find this useful. Have a profitable trading week ahead.
CBOT_MINI:YM1!
by paradox677
Dow Futures have completed wave five to the downsideDow Futures have completed wave five to the downside; what is the next move from here? Dow Futures have bounced back at 33370 and completed wave five pullback sequences, indicating a potential change in direction could be on the horizon. However, the Index is still trading in a bearish channel and needs to break out of the downtrend to establish the next leg up. Two scenarios could develop in next week's session. The Index could hit the top of the channel and pull back to 33770 or 33370 to start the next sequence of five-wave patterns to the upside or pull back below 33370 and continue to the downside.
CBOT_MINI:YM1!
by Rotuma
US30USD YM1! Dow 2021 Sep 27 WeekYM1! US30USD YM1! Dow 2021 Sep 27 Week Eventful week last week as we saw the highest sell volume appeared ever since the up trend. If you are long, tighten your stops. High demand volume reaction up was impressive. Could be covering of loss positions, profit taking and initiating of fresh positions. Weekly: Ultra wide spread high volume bar closing near high. Daily: Narrowing of spread on the up bar and last bar closed level with the previous bar = weakness H4: Shortening of thrust on the up move, and market temporary resisted at 34749. Strategy for Short (Test and Reject) Strategy for Long (Test and Accept) Entry based on price reaction to the levels on YM1!: 34495 34754 34997 32220 - 32250 35500 - 35550 Remember to like and follow if you find this useful. Have a profitable trading week ahead.
CBOT_MINI:YM1!
by paradox677
US30USD YM1! Dow 2021 Sep 20 WeekYM1! US30USD YM1! Dow 2021 Sep 20 Week Weekly: Higher volume but narrower spread than previous week, closed off low = some demand Daily: Market supported at 34379, high volume bar closing off low = some demand H4: Shortening of the downward thrust, possible pause in downward momentum / return of strength. Strategy for Short (Test and Reject) Strategy for Long (Test and Accept) Entry based on price reaction to the levels on YM1!: Price levels on YM1!: 34495 34754 34997 32220 - 32250 35500 - 35550 Remember to like and follow if you find this useful. Have a profitable trading week ahead.
CBOT_MINI:YM1!
by paradox677
US30USD YM1! Dow 2021 Sep 13 WeekYM1! US30USD YM1! Dow 2021 Sep 13 Week Weekly/Daily: Ultra Wide Spread down bar closing on low, took out previous low 34494. Will this previous support hold? Potential for spring IF price can close above 34494 in LTF. H4: Diminishing volume on decline, we may see some strength return. Strategy for Short (Test and Reject) Strategy for Long (Test and Accept) Entry based on price reaction to the levels on YM1!: Price levels on YM1!: 34495 34754 34997 32220 - 32250 35500 - 35550 Remember to like and follow if you find this useful. Have a profitable trading week ahead.
CBOT_MINI:YM1!
by paradox677
US30USD YM1! Dow 2021 Sep 06 WeekYM1! US30USD YM1! Dow 2021 Sep 06 Week Shorting on weakness was good as price was rejected at the 35500 region several times. Weekly: Narrow spread down bar. Price broke through previous week's high but closed below the previous bar = Weakness. Daily = Rotation, whipsaw expected. Last bar is down bar closing below 50% = weakness. H4: Rotation, whipsaw expected. Up bar yielded no result = weakness Entry based on price reaction on Red/Green zones. Strategy for Short (Test and Reject) Strategy for Long (Test and Accept) Price levels on YM1!: 35550- 35500 35220 - 35250 35114 34775 34569 34495 Remember to like and follow if you find this useful. Have a profitable trading week ahead.
CBOT_MINI:YM1!
by paradox677
US30USD YM1! Dow 2021 Aug 30 WeekYM1! US30USD YM1! Dow 2021 Aug 30 Week Market approaching previous high. Weekly/Daily still uptrend, H4 still rotation. Preference is to short when price breaks resistance and closes below it. If it is breakout, then wait for price to return to breakout level and long. Weekly: High volume up bar = Strength Daily: High Volume Up Bar approaching recent resistance H4: UHV Ultra Wide Spread Up bar followed by upthrust = Weakness H1: No demand closing off high = weakness Entry based on price reaction at Red/Green zones. Strategy for Short (Test and Reject) Strategy for Long (Test and Accept) Price levels on YM1!: 35535 - 35420 35403 35151 35114 34924 34606 34535 Remember to like and follow if you find this useful. Have a profitable trading week ahead.
CBOT_MINI:YM1!
by paradox677
US30USD YM1! Dow 2021 Aug 23 WeekYM1! US30USD US30USD YM1! Dow 2021 Aug 23 Week Weakness per last week's analysis proved profitable. Weekly: Ultra Wide Spread UHV down bar close in middle = Strength Daily: Up bar on high volume close above high of previous bar = Strength. H4 = Higher low formed Strategy for Long (test and accept) 1) 34495 - 34569 2) 34775 3) 34948 Strategy for Short (test and reject) 1) 35540 2) 35285 3) 35151 Remember to like and follow if you find this useful. Have a profitable trading week ahead.
CBOT_MINI:YM1!
by paradox677
Dow jones 20 Aug 21U.S. stocks are seen opening sharply lower Thursday, continuing the previous session’s selloff after the minutes of the last Federal Reserve meeting pointed to an early start to the tapering of its monetary stimulus. At 7 AM ET (1100 GMT), the Dow Futures contract was down 285 points, or 0.8%, S&P 500 Futures traded 35 points, or 0.8%, lower, while Nasdaq 100 Futures dropped 90 points, or 0.6%. The major indices posted hefty losses Wednesday, with the blue-chip Dow Jones Industrial Average dropping over 380 points, or 1.1%, the broad-based S&P 500 falling over 1%, and the tech-heavy Nasdaq Composite ending down 0.9%. The catalyst for these losses, which are set to continue Thursday, was the release of the minutes from the July Fed meeting on Wednesday, which showed the policymakers advanced plans to pull back the pace of their monthly asset purchases before the end of 2021 if the economy continued to improve as expected. This meeting occurred before August’s bumper nonfarm payrolls release, and has raised expectations that Fed chair Jerome Powell will announce more details of the central bank’s tapering plan at the Jackson Hole symposium at the end of next week. Ahead of that, the weekly initial jobless claims data are due at 8:30 AM ET (1230 GMT), and are expected to show a gradually improving U.S. labor market. The Philadelphia Fed manufacturing index for August is due at the same time, and is expected to show a small improvement from July. There are more earnings from the retail sector due Thursday, including quarterly results from department stores Kohls (NYSE:KSS) and Macy’s (NYSE:M) as well as numbers from Tapestry (NYSE:TPR), the parent of Coach , Kate Spade and Stuart Weitzman, and BJs Wholesale Club Holdings Inc (NYSE:BJ). Robinhood (NASDAQ:HOOD) will also be in the spotlight after the trading app reported a net loss of $502 million in its first earnings report as a public company, even as its revenue more than doubled in the second quarter. Nvidia (NASDAQ:NVDA) will also be in focus after the chip giant beat quarterly estimates, benefiting from booming demand for chips for graphics and artificial intelligence. Elsewhere, oil prices fell Thursday, as a surprise increase in U.S. gasoline inventories suggested the spread of the delta coronavirus variant was weighing on fuel demand. The U.S. Energy Information Administration reported late Wednesday a draw in crude oil supplies of over 3 million barrels in the week to Aug. 13, but it was the 696,000-barrel build in gasoline supplies, the first increase in more than a month, that had the biggest impact on sentiment. By 7 AM ET, U.S. crude futures traded 3.6% lower at $62.84 a barrel, falling below $65 for the first time since May, while the Brent contract fell 3.3% to $66.01. Additionally, gold futures rose 0.4% to $1,791.95/oz, while EUR/USD traded 0.1% lower at 1.1696.
CBOT_MINI:YM1!
by Anasshnada
US30USD YM1! Dow 2021 Aug 16 WeekYM1! US30USD YM1! Dow 2021 Aug 16 Week Weekly: Ultra Wide Spread High Volume bar close off high = Weakness Daily: Upthrust, close lower third of bar = weakness H3: Shortening of Thrust, Upthrust H1: Shortening of Thrust, Upthrust, diminished bullish volume Strategy for Long (test and supported) 1) 35220 - 35268 2) 35165 3) 35000 Strategy for Short (test and rejected) 1) 35520 2) 35438 3) 35388 Remember to like and follow if you find this useful. Have a profitable trading week ahead.
CBOT_MINI:YM1!
by paradox677
E-mini Dow YM1! 2021 Aug 09 Week YM1! E-mini Dow YM1! 2021 Aug 09 Week Monthly - Ultra Low Volume, Ultra Tiny Up Bar = may usher in Change in Behavior (takes time) Weekly = High Volume with Narrow Spread = Weakness, net progress from previous week's high = narrow = Weakness (Note, no change in behavior yet) Daily = High Volume Up bar Close off High (Weakness, keep stops tight) H4 = 2 H4 bar closing level (market may pause / rotate) Strategy for Long: Long if 35137 holds / 34949 is tested and holds Strategy for Short: If price rejected at recent high 35137, or returns to 35072 and rejected = short opportunity Remember to Like and Follow if you find this useful. Have a profitable trading week.
CBOT_MINI:YM1!
by paradox677
Market overview mid-week update - Week 30At the moment the big question is whether the market is taking a breather, and will continue to go up? Or is it topping out and will we have a correction to the downside soon? I can find a arguments for both, so I think we need to just sit on our hands and wait till the market unveil their intensions. S&P 500 (ES mini future): Sofar the market action is panning out as expected (see See Market Outlook - week 30). not much action and forming a reversal candle. At the moment the weekly low is 4364.75 and if we are not going below that this week and also not very far above the current weekly high of 4416.75 one could consider going short next week on a break below 4364. Also the daily chart is not giving much information it's a sideways movement where intra-day losses, are retraced for the most part. Nasdaq 100 (ES mini future): Actually it's the same picture as the S&P mini futures on the weekly and if we close the week at around these levels, then next week a short may be possible when trading below current weeks low. Looking at the daily chart, it offers a little bit more clarity than the S&P daily chart, because on Monday an attempt was made to break the 20 day MA and was nicely rejected on a rebound on Tuesday. This might even suggest that the 1-4 candle correction (b/c MRI sell) on the weekly is already dealt with. But as long as we have not crossed the break-out line I'm not willing to call that yet. Dow Jones Industrial (ES mini future): It's getting boring but there is also not much difference here from Nasdaq and S&P. But since there was a starred candle last week, one could consider a long at this point, but looking at all the other indices discussed here I myself am not willing to that. Also the daily is not able to shed light on the situation and is moving sideways. Russell 2000 (ES mini): The Russell was a bit of a trouble child at the start of the week, but it is still holding the trendline drawn from last year's March lows. But as long as we are below the 20 weeks MA I don't really see a long opportunity here. And as with all the other indices nothing to tell really about the daily chart as well. As always, this is not trading advice, but only my views on the market. Please do your own research before entering any trade. Happy trading
CME_MINI:ES1!
by CoenKuijpers
Futures Levels | Look Ahead For The Week of Jul 18Stock indices finally broke their uptrends last week, and the small caps (RTYU2021) completely fell apart. In the first of what may become a Sunday evening series, I take a look at what the Volume Profile and price structure may be telling us in terms of levels to watch this week for the ESU2021, NQU2021, RTYU2021, GCQ2021, ZNU2021, ZBU2021, and MBTN2021. Quick take away is my favorite idea is to fade the strength in notes and bonds looking for rates to bottom in this cycle.
CME_MINI:ESU2021
by RodCasilli
2
stochastic and AC go to sell on dow why sell? on CASH PHISICAL DOW NYSE we have big ,powerful open gap in down in other side see AC and stoch on 4hour chart , for coming monday to wednesday dow must see min fibo extention (projection) 61% (predict= wide zigzag days will comes) alert= if dow break red trendline can crash advice =looking for buy on above green arrow specialy 33600 is powwrful place for buy and hold for fair analyse ,i dont have any open order on dow (i am dax trader from 2006, on real money i only trade dax ,however i monitor dow from frist days ) good luck , dont forget use lowest size and put sl on low/high (or 80 point)
CBOT_MINI:YM1!Short
by ramin_trader2006
SP500 – Real or False Breakout?SP500 finished another record-setting week. The rally comes as bulls seem to be growing more comfortable with the Fed taking its foot off the gas sooner than Wall Street had been anticipating. Bulls still want to focus on booming growth expectations for the second half of the year as the pandemic recedes and economic activity accelerates. Fundamental analysis However, the inflation story is growing harder to look past and there are widespread expectations that analysts will begin to trim some of their lofty second quarter earnings forecasts as a result. Earnings for S&P 500 companies are currently expected to increase +60% in Q2. Lingering impacts from the pandemic that have roiled supply chains and disrupted the flow of goods don’t appear to be clearing as quickly as most had hoped, which is going to inevitably have an impact on many companies’ bottom lines. In fact, “inflation” was mentioned by 197 of S&P 500 companies during first quarter earnings calls, the highest number in at least a decade, according to FactSet. Over the course of the past decade, U.S. inflation averaged just +1.8%, versus the Fed’s +2% target rate. Not surprisingly, Bank of England last week left its monetary policy unchanged and brushed aside fears that inflation was running out of control. The rate-setting committee echoed statements similar to the U.S. Fed, saying they expected inflation would be “transitory” and that scaling back support too soon runs the risk of disrupting the economic recovery. Data to watch Next week will flip the calendar from June to July on Thursday, which also marks the end of Q2 2021. The June Employment Situation is next week’s key economic report with around +500,000 to +600,000 jobs expected to be added. The May gain of +559,000 was lower than anticipated, though March and April gains were revised upward. Other data next week includes the S&P Case-Shiller Home Price Index and Consumer Confidence on Tuesday; ADP’s Employment Change, Chicago PMI, and Pending Home Sales on Wednesday; the ISM Manufacturing Index and Construction Spending on Thursday; and the Trade Balance and Factory Orders on Friday. SP500 technical analysis SP500 closed the week above the upper range of resistance. The major economic indicators are still bullish. What worries me now is Advanced Decline Line. It showed weakness last week and formed bearish divergence. Moreover, the yield curve is flattering. It is not a warning sign yet. But still, traders have to pay attention to it. In general, if price sustains can current highs, we can see a run towards 4400. The cycles forecast a rally at the beginning of July. So, let’s see how it plays. The important supports are still MA50 on a daily chart, 4000 and 3800.
CME_MINI:ES1!
by Inna-Rosputnia