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YM1

Dow - Room for DownsideDow once again found resistant at Jan 2018 high 26684. Price retest this price level and quickly pull back and closed below. This doesn't reverse the bullish trend of Dow, and only suggesting price in correction after hitting historical new high. For short term price projection, please refer to the right chart, below 26617 will see price approaching 26532 and 26395 the next. The second target suggested by fibonacci spirals will see price approach previous low also 50% retracement level of the impulsive swing. The short term selling may come to end if price trading and sustain above 26617. Thus, trader please monitor this price level for direction indication.
CBOT_MINI:YM1!Short
by Johnkiew
Dow Jones ElliottWave Analysis: Inflection Area Called The RallyHello Traders, Dow Jones Elliott wave view suggests that the cycle from 08/15/18 (24946) low ended at the peak of 08/29/18 (26186) in red wave 3. Below from there, it ended the pullback in red wave 4 at 09/11/18 low (25767) and already broke to new highs confirming that the next extension higher has started. The internals of the red wave 4 pullback unfolded as an Elliott Wave double correction which ended black wave ((w)) at 09/11/18 low (25817), black wave ((x)) pullback at 09/11/18 (26102) and finally black wave ((y)) of red wave 4 at 09/11/18 low (25767). After breaking red wave 3 peak confirming that the next extension higher has started, it ended the short-term cycle from 09/11/18 low (25767) at the peak of 09/14/18 (26262) in black wave ((i)). Below from there it reached our equal legs extreme (blue box) towards $26061-25963 area, which was the 100%-161.8% Fibonacci extension area of blue wave (a)-(b) where it ended black wave ((ii)) pullback and also where we like to stay long with a risk free position targeting higher targets. As long as pullbacks stay above 25767 low we expect the index to see more upside. We don’t like the selling.
CBOT_MINI:YM1!Long
by Elliottwave-Forecast
1
Dow - Room for Upside The giant has awake last night with breakup two weeks range from confluence zone A with two fibonacci spirals overlapping 26050. The higher high setup will likely to bring YM1! to first target 26431 in the short term. Dow is not far from making historical new high, and that will see market approaching second target, trader please be cautious when price approaching historical high 26684. E-mini Dow Sep Futures will be expired on 21 September. Open interest in December seen increasing. Sep/Dec spread around 25 points.
CBOT_MINI:YM1!Long
by Johnkiew
Why an early fail can actually HELP a breakoutThis is a great example for traders of all timeframes to study. I don't really have time for people basing trades on wide zones - that's fine for analysis, but for a TRADE, you've got to see the fight at a specific level. When you draw these correctly, you can get a really great picture of evolving sentiment and balance of power shifts. Most traders treat breakouts way too lazily. You don't just enter at a new High/Low. You NEED buildup. Any naked attack from distance is likely to fail. But what if it only pauses, instead of crashing? Do you redraw the level? Do you avoid the trade completely? What works for me: Talk out the developing scenario. A fail failed? Ooh, interesting. Maybe there's more power on the original side than expected. Once the breakout's happened, how is the other side thinking? I was biased long, getting everything I wanted to see....but what would the Bears want to see? Probably a close back under the grey/yellow boxes, right? But wait, now that we created another temporary level during the failed probe, there's another level price needs to break through before even attempting the yellow level and then grey boxes! --> this makes for a likely bounce point, and creates several chances for late entries. Best of all, it means a breakout entry at the original level will be protected by that bounce and your trade stays green.
CBOT_MINI:YM1!Education
by structuredtrader
Dow Futures Elliott Wave View: Pullback Should Find SupportHello Traders, Short-term Elliott Wave view on YM_F (Dow Futures ) suggests that the pullback to 24956 low ended red wave 4. Up from there, Index is rallying within red wave 5 to end a 5 waves up from 4/2/2018 low. Black wave ((i)) of 5 is currently in progress with internal subdivision as an impulse structure, This suggests lesser degree cycles in the direction of trend should unfold in 5 waves structure, i.e blue wave (i), ( iii) & (v). On the other hand, the sub-division of lesser degree cycles against the trend should unfold in 3 waves corrective sequence, i.e. blue wave (ii) & (iv). Up from 24956, blue wave (i) ended at 25326, blue wave (ii) ended at 25243, blue wave (iii) ended at 25657, blue wave (iv) ended at 25506, and blue wave (v) remains in progress but it is in the area where it can end soon. Consequently, the move higher should complete black wave ((i)). The Index should then pullback in black wave ((ii)) to correct cycle from 8/15/2018 low before the rally resumes. We don’t like selling the proposed pullback and expect dips to find support in 3, 7, or 11 swing as far as pivot at 24956 low stays intact.
CBOT_MINI:YM1!Long
by Elliottwave-Forecast
Trading ideay for 08/13/2018I am still bearish for the NQ. Even though it had bit of recovery in the last hour on Friday, the future didn't achieved to go above the 7450 again. The underlying index looks even worse. RSI on the daily in downtrend. As well the other leading US index futures on YM and ES in the direction downwards (for YM I even think it can lose some 1000 points over the coming days and weeks, before mid September). If NQ breakes 7390, then it is open to go towards 7290 - 7300. Breaking this level, could lead to a downwards move towards 6900. Basically I see good potential, that we will see this move now in the coming days and weeks and, as well as said for YM , this could be the direction for the next 4 weeks. A possible entry for short position on NQ is now up to the level just below 7447 and definitely at 7390 and below . Profit target is 7290 - 7300 (this as a trading idea for one day or at max three days, depending on the market movements). Should NQ go above the 7455 and cross the 50 period MA on the hourly chart, then a possible recovery will take place and delay this downwards move.
CME_MINI:NQ1!Short
by ZHighlands
Dow Futures Elliott Wave View: Reacting Higher From Blue BoxHello Traders, Dow Futures short-term Elliott wave view suggests that the rally from 6/28/2018 low cycle to 25572 high on 7/27/2018 peak ended red wave 1. The internals of that rally higher took place as an impulse structure with sub-division of 5 waves structure in each leg higher. Down from there, the index corrected the 6/28/2018 cycle in 3 swings pullback & ended red wave 2 at 25086 low. The internals of that pullback unfolded as Elliott wave Zigzag correction with the sub-division of 5-3-5 structure in black wave ((a)), ((b)), ((c)). Down from 7/27 peak, the decline to 25264 low ended black wave ((a)) in 5 waves structure. From there, the rally to 25486 high ended black wave ((b)) and the subsequent move lower to 25086 low ended black wave ((c)) of 2 in 5 waves structure. Red wave 2 ended within the 25174 – 25100 area, which is 100%-123.6% Fibonacci extension of ((a))-((b)), as indicated by the blue box. Up from 25086, the index is reacting higher in 3 swings so far and longs from blue box area should be risk-free (stop loss at break even) already. The right side tag, combined with the blue box, help to identify the right trading strategy. Near-term, as far as dips remain above 25086 low, the right side of the market remains to the upside. Expect the Index to resume the next extension higher in red wave 3. We don’t like selling it.
CBOT_MINI:YM1!Long
by Elliottwave-Forecast
Dow Jones 1 Hour Elliott Wave AnalysisHello Traders, In this analysis, we will have a look at the Dow Jones 1 hour Elliott Wave chart. Dow Jones ended cycle from 04/02 low (23311) at the peak of 06/11 peak (25417). Below from that peak, the instrument is currently correcting the cycle from 04/02 in 7 or 11 swings before the rally resumes or bounce in 3 waves at least. Down from 06/11 peak, the decline is unfolding as Elliott Wave double correction, where sub-division of red wave W unfolded also in a double correction and ended at 06/19 (24564). Up from there, it ended red wave X pullback at the peak of 06/20 (24861). Below from that peak, a 5 wave’s structure can be completed soon in red wave v of blue wave (a). Once the blue wave (a) is complete, the index should bounce in blue wave (b) in 3, 7 or 11 swings before the decline resumes towards the equal legs area of red W-X cycle which comes at around 24010-23810.
CBOT_MINI:YM1!Short
by Elliottwave-Forecast
1
Dow Jones Nearing Completion of 5 Waves ImpulseDow Jones Futures Elliott Wave view suggests that the pullback to 24227 low on 5/29/18 ended in red wave 4 pullback. Above from there, the rally is unfolding as an impulse Elliott Wave structure with extension in the 3rd wave higher. As an impulse, the internal of Minute degree wave ((i)), (( iii )) and ((v)) should also unfold as an impulse with 5 waves structure. Up from 24227 low, black wave ((i)) ended in 5 waves structure at 24715. Down from there, the pullback to 24342 low ended black wave ((ii)). The rally from there shows a strong reaction to the upside which ended black wave ((iii)) at around 25418 high. The subdivision of black wave ((iii)) is showing an impulse structure where blue wave (i) ended at 24863, blue wave (ii) ended at 24709 and blue wave (iii) ended at 25327. Blue wave (iv) ended at 25093 and blue wave (v) of ((iii)) ended at 25418 high. Near-term cycle from 06/11/18 peak can be completed in black wave ((iv)) at 25255 low and ideally, it should now continue higher in black wave ((v)). However, as long as it stays below black wave ((iii)) peak a double correction lower in black wave ((iv)) can't be ruled out. Anyway, the right side remains to the upside. As far as a pivot from 24337 low stays intact, we expect the Index to see another push higher in black wave ((v)) to end a 5 waves impulse structure from 5/29/18 low. We don’t like selling the index and the right side remains to the upside.
CBOT_MINI:YM1!Long
by Elliottwave-Forecast
Weekly update, 24.03.2018. SPX, DOWWeekly update on the major US equity markets using the Dow Jones E-mini futures index. Stay tuned! There should be more to come Just remember: The information of this post is ”general advice only” and does not take individual circumstances into account so do not trade or speculate based solely on the information provided. By viewing this video you fully accept and agree that it offers general advice only and that trading the financial markets is a high risk activity and that you understand that past performance does not indicate future performance and that the value of investments and income from them may go up as well as down, and are not guaranteed.
CBOT_MINI:YM1!
by captain_smollett
YM and ES Harmonic ShortBearish Harmonic Shark pattern completing in the same area as a Bearish Harmonic AB=CD on the daily time frame. This is combined with an intraday Bearish Harmonic Crab completing in the same vicinity. Outside of harmonic patterns, I believe that this will mark the completion of minute b of minor 4 in Elliott Wave speak. Looking to short on the next rally to near the 21150 level. /ES is in a daily Bearish Harmonic Butterfly pattern (tho technically speaking it is not valid because the B retracement is only .707, it could theoretically extend to a crab at 2450), daily Bearish AB=CD, and an intraday Bearish Harmonic Crab pattern itself. /NQ completed an intraday Bearish Bat this morning and looks to be attempting to hit resistance one more time with the rest of the major indices. Futures are trading at a discount to spot, negative divergences on a daily and weekly timeframe in the major indices, and many other signs pointing to this being a short-term top in the market. Going to enter the first leg once the YM target of 21150 is hit or the market is close and seems unable to eclipse it. Expecting a high volume late day reversal. Has not been one in months either up or down, and price, along with online sentiment, agree that this is a strong possibility today. Would theoretically add a second leg if this occurred and possibly scale down or exit the short position if the markets continue rallying.
CBOT_MINI:YM1!Short
by stockoperatorjm