MYM1! trade ideas
ES1! / YM1! Trade AlertThought I would share my trades:
Long on YM1! and ES1! ,
TP in chart above.
Currently short on SPY as well from post FOMC and added in the AM today.
Green box is the max of the range I anticipate for tonight and tomorrow.
Red box is the low range.
Overall bias is neutral to bearish .
E-mini Dow Jones ( YM1! ), H4 Potential for Bullish ContinuationTitle: E-mini Dow Jones Futures ( YM1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 34707
Pivot: 34199
Support: 33675
Preferred case: Looking at the H4 chart, my overall bias for YM1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head up towards the resistance at 34707, where the previous swing high is.
Alternative scenario: Price could head back down to retest the pivot at 34199, where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.
E-mini Dow Jones ( YM1! ), H4 Potential for Bullish ContinuationTitle: E-mini Dow Jones Futures ( YM1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 34707
Pivot: 34199
Support: 33675
Preferred case: Looking at the H4 chart, my overall bias for YM1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly head up towards the resistance at 34707, where the previous swing high is.
Alternative scenario: Price could head back down to retest the pivot at 34199, where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.
The Entry - Sell Today, we will do a few case studies on how we can make a market entry, this technique can be applied both the long-term or the short-term trades.
Today’s content:
1. 25 Nov 21 - Entry signal to short (transiting into today’s bear)
2. 13 Oct 22 - Entry signal to go long (for this bear rebound)
3. Today – Entry signal – Sell
If you have been following, today’s is the 5th tutorial in our Trading Series:
1. “The buy strategy”
2. “The sell strategy”
3. “Developing long & short-term view”
4. “Choosing between the time frame”
5. “The entry”
E-Mini Dow Jones Futures
Minimum fluctuation
1 point = $5
10 points = $50
100 points = $500
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
US30USD YM1! DOW 2022 Dec 12
US30USD YM1! DOW 2022 Dec 12
Scenario3 Long at 33800 and Scenario1 short @ 34246 were fruitful.
This shows the importance of waiting for price reaction at the
price levels.
I'll be off trading for the holiday season, see you in 2023.
Possible scenarios:
1) Have a good break and return in 2023
2) Short on rejection at 34607 / 33455
3) Long if supported at 33455
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35750 35330 34605-34283
33455 31848 30513
28635
Weekly: Ave vol down bar close off low = minor weakness
H4: Supply observed
Remember to like and follow if you find this useful.
Have a profitable week ahead.
money rotations,"the dow bones, the og index has already shown us what the market is about to do.
those who know, shall prosper, those who don't will be left behind in the winds."
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i'm theorizing that all the dow money is going to rotate into big tech, small caps, and the spx500 in the next 3-4 months.
it's more probable for the dow to just chop while everything else runs up big time.
don't get caught in the distribution phase, seek opportunity elsewhere.
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dow bones, expanded flat target sits between 36.1~36.8k.
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happy holidays ♥
YM1! 2W BEAR CYPHER, Steep drop expected DEC/JANThe 2W chart for DJI futures has entered trade for bear cypher harmonic pattern. The shape of this pattern typically retraces at pt1 back toward initial pattern entry/SL, then progresses sharply to pt2/3/4. I've indicated what the path typically looks like in red.
Best wishes for trading the holidays! -Worm
Dow Jones Weekly Volatility Analysis 5-9 Dec 2022 Dow Jones Weekly Volatility Analysis 5-9 Dec 2022
We can see that currently the implied volatility for this week is around 2.82%, down from 3.06% last week according to VXD data
With this in mind, currently from ATR point of view we are located in the 7th percentile, while according to VXD, we are on 8th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 2.6% movement
Bearish: 1.9% movement
At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 19.5% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 35473
BOT: 33370
Taking into consideration the previous weekly high/low, currently for this candle there is :
79% probability we are going to touch previous high of 34750
21% probability we are going to touch previous low of 33370
Lastly, from the technical analysis point of view, currently from
Weekly timeframe indicates 77% BULLISH trend
Daily timeframe indicates 80% BULLISH trend
4H timeframe indicates 53.3% BULLISH trend
Dow mini futures - volume resistance aboveOne of the best preforming parts of the stock market in recent weeks has been the Dow Jones Industrial average. On this mini futures chart I can see that this could be the time where we see a serious pull back because there is a high volume zone right above where we are now.
US30USD YM1! DOW 2022 NOV 28
US30USD YM1! DOW 2022 NOV 28
Scenario1 continuation long was in place from Nov 07's analysis.
Weakness are appearing on all timeframes. Tighten stops on
long positions. Volume was thin due to US holidays. Expected
to remain thin as year end approaches.
Possible scenarios:
1) Temporary short if 34246-33800 is rejected
2) Stay out of market since volume is thin
3) Continuation long if 34246-33800 is supported
Price reaction levels
Short on Test and Reject | Long on Test and Accept
35750 35330 34246-33800
33106 31793
30513 28635
Weekly: ND on uptrend = minor weakenss
Daily: Declining volume + narrow spreads = weakness
H4: Supply observed
Remember to like and follow if you find this useful.
Have a profitable week ahead.
Dow Jones Bear Case.gm,
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The highest request over the last few weeks = "elo, what's your bear case on the stonk market?".
Well, you guys asked for it...
So I'm here to give you just that.
A face ripping,
soul crushing,
heart wrenching dip;
which takes the average american's 401k,
and turns it into a 201k.
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Tuesday November 29th 2022 ~ December 21st 2022 = my calculated top.
Estimated to sit between 34,329 ~ 36,697.
.
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Friday May 12th 2023 ~ Tuesday October 24th = my calculated bottom.
Estimated to sit between 27,317 ~ 23,620
.
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🔺