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Micro E-mini Dow Jones Industrial Average Index Futures

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MYM1! trade ideas

A Huge Move on the Dow: Are You Ready for What’s Next?In this idea, I’ll be analyzing the Dow E-Mini Futures (YM) using a 4-hour bar interval. For those who don’t trade futures, you can follow along with Dow-focused ETFs like DIA. The goal is straightforward: gather as many clues as possible to determine the most likely market direction. Have a different take? Share your thoughts in the comments—let’s discuss! My Analysis Setup I’ve divided my screen into four quadrants for a comprehensive view: Price Action 1 (Q1) Price Action 2 (Q2) RSI Action 1 (Q3) RSI Action 2 (Q4) What Does RSI Tell Us? The Relative Strength Index (RSI) reveals momentum. A declining RSI typically indicates that sellers are gaining control, as selling pressure outweighs buying. Q1 (Price) and Q4 (RSI): November 11–19 From November 11 to November 19, both price and RSI were in decline, marked by red arrows. This led to a pullback of 1,463 points before the Dow reversed course and ultimately hit an all-time high of 45,106 on December 4. Q2 Price and Q3 RSI Divergence: After November 25 Post-November 25, price continued to rise, hitting new highs (green arrow), while RSI began to decline (red arrow). By the close on Friday, December 8, RSI showed continued weakness, but the price only experienced a modest 400-point pullback compared to the earlier 1,463 points. What Does This Tell Us? Earlier Phase (Q1/Q4): A declining RSI aligned with a drop in price, signaling sellers were in control. Later Phase (Q2/Q3): Despite RSI weakening, buyers became stronger and more aggressive. They drove prices higher, limiting pullbacks and resisting sellers’ pressure. This shift suggests growing buyer strength, with demand outpacing selling pressure. What’s Next? If buyers can clear out the remaining sellers, I believe the Dow could test 50,000, the next major psychological level for traders. Beyond that, the 100,000 mark could start appearing on the radar for the largest market players. Based on Friday’s closing price of 44,706, I see any pullback as a potential buying opportunity. Final Thoughts This market is looking very bullish. The resilience of buyers, even in the face of weakening RSI, is a strong signal of upward momentum. Let’s keep monitoring for signs of continuation and see how long the bulls can maintain control. Do you agree with this bullish outlook? Or are you seeing something else? Share your perspective in the comments!
CBOT_MINI:YM1!Long
by onlytrade2win
Buy : MYM Dow Jones Futures 17-12📈 CBOT_MINI:MYM1! Buy : MYM Dow Jones Futures 🟢 Signal: Strong Buy Opportunity 🔹 Entry Price: 43,591 🔹 Stop-Loss: 43,003 (Protective stop below key support) 🔹 Take Profit: 46,099 (High-probability target zone) 📊 Technical Analysis and Rationale: Key Support Zone: The 43,591 level has shown strong buying interest historically, acting as a solid support base. Price is showing signs of stabilization after testing this area, indicating buyer momentum is ready to push the market higher. Favorable Risk-to-Reward Setup: With a stop-loss at 43,003, the downside risk is tightly controlled, minimizing losses if the trade fails. The take-profit target at 46,099 offers a significant upside potential, providing a 5:1 risk-to-reward ratio—ideal for disciplined traders. Technical Confirmation: Look for bullish signals such as hammer candles, bullish engulfing patterns, or a volume spike near the 43,591 zone to confirm the entry. Moving averages or RSI divergence may also indicate growing bullish momentum, reinforcing the buy decision. Trend Potential: Dow Jones Futures have the potential to rebound strongly from this level, targeting the next major resistance around 46,099. A break and hold above minor intraday resistances will further strengthen the bullish outlook.
CBOT_MINI:MYM1!Long
by lostcontrol
Dow Jones Bearish Price Action Gameplan for 12/16High-impact news should bring significant volume on Monday. Based on this, I anticipate a strong buy from 5:00 AM to 8:30 AM CST, potentially pushing price back up to FOMC Support before resuming its bearish trend toward 43,575 —a move worth approximately 358 ticks. If the market grants me my desired volume, I may be tempted to surf a few concepts; however, after Friday's successful hold, I’m leaning toward placing my sell position and holding it for the remainder of the session. I anticipate price selling down to 43,300 by Wednesday FOMC, as this level aligns with the overall bullish trend we're currently in. Dow Jones often respects structures and trends, so I’m banking on it continuing to do so. My only concern is that the election candle drove the trend higher than the original bull trend, so we may or may not reach my anticipated target. @Dow_Jones_Maestro posted a perfect example of this, check out his idea linked below: Let’s lock in and collect those ticks!
CBOT_MINI:MYM1!Short
by GeneralJWS
9
Weekly Forex Forecast: Buy The S&P & NASDAQ. Wait On The DOW!This forecast is for the week of DEC 16 - 20th. The SP500 & NAS100 are bullish and buys are the order for the week. The DOW Jones is weeker, sliding down as the USD climbs. Be careful here, as the DOW tends to travel it's own path at times. FOMC is Wednesday. Stay vigilant and disciplined this week! Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CBOT_MINI:YM1!Long
by RT_Money
Sell : MYM Dow Jones Futures 43.910Sell Signal: MYM Dow Jones Futures 🛑 Signal: Sell on Pullback MYM1! 🔹 Sell Zone: 43,910 (Key pullback resistance level) 🔹 Stop-Loss: 43,980 (Above recent high to manage risk) 🔹 Take Profit: 43,800 (First target), 43,760 (Extended target) 📊 Technical Analysis: Pullback Resistance: Price approaching 43,910, a key level of prior rejection where sellers stepped in. Trend Continuation: Market remains bearish on lower timeframes; pullbacks provide shorting opportunities. Confirmation: Look for bearish signals such as rejection wicks, engulfing candles, or declining volume at 43,910 before entering short. ⚠️ Strategy: Wait for a retest of 43,910 and signs of reversal. Use tight risk management with the stop above 43,980. Take partial profits at 43,750 and trail stops for further downside. MYM1! CBOT_MINI:MYM1!
CBOT_MINI:MYM1!Short
by lostcontrol
Sell : MYM Dow Jones Futures 43.910Sell Signal: MYM Dow Jones Futures 🛑 Signal: Sell on Pullback CBOT_MINI:MYM1! 🔹 Sell Zone: 43,910 (Key pullback resistance level) 🔹 Stop-Loss: 43,980 (Above recent high to manage risk) 🔹 Take Profit: 43,800 (First target), 43,760 (Extended target) 📊 Technical Analysis: Pullback Resistance: Price approaching 43,910, a key level of prior rejection where sellers stepped in. Trend Continuation: Market remains bearish on lower timeframes; pullbacks provide shorting opportunities. Confirmation: Look for bearish signals such as rejection wicks, engulfing candles, or declining volume at 43,910 before entering short. ⚠️ Strategy: Wait for a retest of 43,910 and signs of reversal. Use tight risk management with the stop above 43,980. Take partial profits at 43,750 and trail stops for further downside. CBOT_MINI:MYM1!
CBOT_MINI:MYM1!Short
by lostcontrol
MYM1! Bearish Price Action for 12/13This week has been nothing short of spectacular. I’ve always enjoyed bearish weeks, likely because I developed my strategy during similar conditions. Price action has been remarkably consistent throughout the week, and I anticipate a strong buy around 7:00 AM CST, targeting the 44,105 area before retracing into an overall bearish trend for the day post market open. I plan to place and hold my sell position once price buys to the 44,105 area at market open. If price action doesn’t reach my "End of Day" target at 43,702 , I expect it will gradually sell down to the Sellside Liquidity zone around 43,821 before market close. With no high-impact news scheduled, I feel more confident holding this trade throughout the day rather than concept surfing. Lets finish out the week strong guys!
CBOT_MINI:MYM1!Short
by GeneralJWS
4
Elliott Wave View: Dow Futures (YM) Looking for Further UpsideShort Term Elliott Wave in Dow Futures (YM) suggests rally from 11.5.2024 low is in progress as a 5 waves diagonal. Up from 11.5.2024 low, wave ((i)) ended at 44625. Pullback in wave ((ii)) ended at 42999. The Index has resumed the rally higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 43563 and wave (ii) pullback ended at 43181. The Index nested higher in wave (iii). Up from wave (ii), wave i ended at 43749 and wave ii ended at 43445. Wave iii higher ended at 45121 and wave iv pullback ended at 44790. Wave v higher ended at 45171 which completed wave (iii). Pullback in wave (iv) ended at 44680 and final leg wave (v) completed at 45176. This also ended wave ((iii)) in higher degree. Wave ((iv)) pullback is now in progress to correct cycle from 11.19.2024 low in 3, 7, or 11 swing before it resumes higher again. Down from wave ((iii)), wave (w) ended at 44261. Expect a rally in wave (x) followed by a wave (y) lower to end wave ((iv)) before it resumes higher. Near term, as far as pivot at 43000 low stays intact, expect the Index to extend higher.
CBOT_MINI:YM1!
by Elliottwave-Forecast
1
MYM1! Bearish Price Action for 12/9Here’s my plan for tomorrow’s price action: I trade based on key indicators at the 8:30 CST Open. If the market sells, my target range is 200-300 ticks. However, I try to avoid being too greedy and will likely secure profits around the low 200s, depending on market volatility. One of the many reasons I love trading the Dow Jones is its respect for structure—price tends to honor key trendlines, as seen on the 2H chart. This week, I anticipate strong bearish action, similar to last week. Once we hit the target area around 43,500, we could see a shift back into Buys. Only time will tell. Let’s stay sharp and collect those ticks!
CBOT_MINI:MYM1!Short
by GeneralJWS
2
Mean Reverting Around November's FOMC(Rotating Back Down To 43K)After taking a few losses trying to buy pullbacks, I had to take another step back and reevaluate my analysis. What I am now seeing is that price is mean reverting around November's FOMC level and December's NFP was used as the start of the down move. Every single retracement this year has been roughly 3.5-4%. A 4% retracement will close the gap on the daily chart. Using a measured move of the Mean (November's FOMC), the projected down move should retrace back to 42,700. This will take out the low and retrace back into the election candle's 50-66% level. This will be my next area of Support I will be paying attention to. To me, this looks like one giant range forming between 42,700-45-200.
CBOT_MINI:YM1!
by Dow_Jones_Maestro
6
Dow Jones Trade Idea Symetrical Triangle NFP Breakout To 45,750After my last idea did not work, I took a step back and seen what the market was doing. To me, this looks like a basing on the 50% level and a slowing down of price into 44,825 area. I believe NFP will be used as the catalyst to pump prices higher and into the breakout. One full expansion of this triangle is at 45,750. This is a level I found using other methods on the weekly and so this is just one more piece of confluence. I am already in Long at 44,853 because I used the doji candle on the Asia open. I am using a 100 tick stop using the Hourly chart. Once price breaks out, I will be moving my stop to B/E (If my stop holds before hand) So far, the gap up is holding as a support channel and the market is grinding higher. A more detailed view of the 15 minute chart
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
3
Weekly Forex Forecast: SP500, NAS, DOW ... Wait For BUYS!The equity markets closed the month with all time highs. Next week, there should be some carry over. The week may open bearish in the short term, but I believe longs will be the ticket to ride! * I will consider longs in SP500 and DOW before buying the NASDAQ, as it is weaker. There, I would take valid sells before I short SP500 or DOW JONES. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CBOT_MINI:YM1!Long
by RT_Money
4
Thursday December 5th Trade Idea Limit Order Buy At 44,996I am placing a limit order using my intraday account for 44,996 that I feel very confident on. The middle of the range is at 45,000 The point of control also is at 45,000 Because this is most likely a bull hammer weekly candle and its NFP week, I am expecting bullish trend days coming. Because Monday-Wednesday created the peak formation low under the weekly open price, price is now in expansion phase to complete a measured move of 625 ticks. I am using a 50 tick stop to allow me just under that 2-hour bullish bar. I am targeting just a little bit over the pivot high or what the market gives. Because this trade is a day trade, I need to be out by 4pm. So far, price is playing out nicely as I described in my weekly template post. It bounced off of where it was supposed to and is now in expansion phase. Because nothing is guaranteed in the market, I will cut my loss at 50 ticks. This is a trade idea that looks good to me and I am willing to risk 1R for 4R today.
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
5
Wednesday December 4th Gameplan Intraday LevelsMy gameplan going into the next day's NY session will be to watch the level 44,825 and see if/how price pulls into that level and how it reacts. If I see a little doji then I will go Long. The level I will watch on the upside is 45,095. I don't know if price will break that level or reject again temporarily. The weekly opening price of 45,050 is a prime target to hit If these levels hold as the top and bottom for the day, then that will be a 275-tick range for the day. Of course I don't know anything until tomorrow. These are just my assumptions and what I feel is the most likely outcome. I am going in tomorrow with a bias for buying and into a pullback area. As usual, my own personal intraday stops and targets are always 50 stop, 125 target for a 2.5 to 1. Intraday, I just grind out base hit after base hit. Sometimes I strike, sometimes I hit. 1 win takes care of 2 losers plus commissions.
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
Dow Jones Futures Typical Movements StudyI have been going over average movements for awhile now and this is just a snippet of the last month. I have noticed there are four main movements. Small movements of 250 ticks, used in small pullbacks and retracements Medium movements of 375 ticks, used in slightly deeper pullbacks and retracements Large movements of 625 ticks, used in expansion moves, either to the upside or to the downside X-Large movements of 750 ticks, used in more substantial moves, either to the upside or to the downside Out of the four, small 250 moves and Large 625 tick moves are the most frequent. One of the ways I am using this information is where to take profits. I know I won't catch the bottom or the top of the move and so, if I can capture the middle 50% then I can use these average movements and cut them in half. If a large expansion move is on average 625 ticks, then 50% of this will be 312 ticks. Therefore, I could expect a pause or pullback at/ around that area.
CBOT_MINI:YM1!Education
by Dow_Jones_Maestro
December Monthly Template Gameplan Reversal PatternLooking at the weekly chart, a very key reversal signal is forming. After the breakout in August, the market has performed three pauses and now we are on push 2 of the 1 2 3 engulfment pattern. This leads me to believe that the first week of December will be the 3 of the 1 2 3 pushes. If this is the case, then the second week should either be a doji or the confirmation engulfment. The measured move of the first leg takes price up to 45,760. Like I said in a prior post, the election weekly candle is the largest candle on the chart, and it takes place at the highs, a key indicator of an exhaustion candle. The only way to confirm this is with the engulfment candle. On the 8 Hour chart for more detail I believe the price action I have highlighted in the red box is just the miniature version of the same pattern that is playing out on the weekly. This leads me to believe that a large correction is coming, and price will return back to 38,500 My upcoming weekly gameplan for intraday is to use that pin hammer on Tuesday, November 26th as major support area. It depends on how price opens up and trades on Monday. Do they go down first? Because this week is NFP on Friday, this is a weekly candle with major red news.
CBOT_MINI:YM1!
by Dow_Jones_Maestro
9