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E-mini Dow Jones Industrial Average Index Futures (Sep 2018)E-mini Dow Jones Industrial Average Index Futures (Sep 2018)E-mini Dow Jones Industrial Average Index Futures (Sep 2018)

E-mini Dow Jones Industrial Average Index Futures (Sep 2018)

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YMU2018 trade ideas

Next Week Still Bearish Bias Until Ramped Volume Taken OutThe ramped volume accumulation above the monthly open is the target for liquidity. I am going to be looking for a pullback to form the high of week and a continuation of the down move. Next week is a short week due to the holiday. Therefore, should be a slow drift down. This monthly bar is forming a market maker cycle. Instead of Wednesday being the midweek reversal, the 20th formed the mid-month reversal back down to where it started. It may even go a bit beyond. I will be using 150 tick stops and 375 tick targets next week for 2.5R I probably will take 2-3 trades. I am currently up 8% so far. If I lose the next three then I will close out May up 5%. I am satisfied with that number. If I can win one and lose one, then I will be closing May up 9.5%
CBOT_MINI:MYM1!Short
by Dow_Jones_Maestro
Long Term Short Trade 2025 Open Limit Order 43,275On my long term swing trading account, I will be placing a limit order sell right on the 2025 open at 43,275 and will be using a 1400 ticks stop. I will be using 2 micros and will risk $1400. I am targeting the two equal lows for around 7000 ticks or $7000. This will be a potential 5 to 1 risk to reward. I have drawn two candles that I would like to see happen. Either the market will blow past my stop or continue the downtrend. I am willing to risk an amount to find out.
CBOT_MINI:YM1!Short
by Dow_Jones_Maestro
1
Tutorial On FOMC Support and ResistanceUsing the 8-hour chart on the Wednesday of an FOMC release, I use a purple line on the 10am EST 8-hour candle's open as the FOMC release price point. I then use a purple highlighter to signal the date of the release. I have come to the conclusion that the Dow Jones Futures moves and finds support/resistance using the FOMC releases. Nothing else on the chart matters BUT each release. There are only 2 ways these levels are used. 1. Support and Resistance levels 2. Mean Reversion levels I have not found a single source on the ENTIRE internet that describes this phenomenon and would like to think I am quite lucky for stumbling upon this observation. Below are examples of how/what to look for when using these levels. Step 1: On the 8 hour chart, mark the 10am EST opening price of that candle with a purple line and highlight Step 2: Project it across and see how price reacts. It will either mean revert or bounce from it It is hilariously funny to me that price stopped dead within a measly 84 ticks away from the DEC 2023 FOMC level before bouncing. Support and Resistance: Mean Reversion: Price mean reverting around the 10am opening price of FOMC Wednesday.
CBOT_MINI:YM1!Education
by Dow_Jones_Maestro
2
Bullish Pullback End of Month BuyAfter I thought we would see a sell continuation off of the March FOMC level of 42,155, price continued bullish. I am using Thursday and Friday's opening price as support for a pullback. 41,912-41,968 I am expecting Wednesday and Thursday to be profit taking, pullback days in an upward trending bias. This monthly candle is expecting to close near the highs. The peak formation low formed confirmed higher prices. Friday, May 30th 500-700 tick Buying Opportunity
CBOT_MINI:MYM1!Long
by Dow_Jones_Maestro
2025 is 1969? Downtrend to 26,000Just some observations but I can see NUMEROUS similarities between the two charts There are 8 instances that are EXACTLY the same between the two. This is more than random chance. 1. Range 2. Yearly Open at top of the range before the spike down 3. 1962 and Covid Dump 4. Bullish grind 5. Bearish downtrend STOPPING right AT the top of the range box 6. Bullish retrace back to highs 7. Equal highs suspended above the top of the range box 8. Yearly Open at top of the sell off 9. Yearly downtrend selling off to hit EXACTLY the middle of the range box
CBOT_MINI:YM1!Short
by Dow_Jones_Maestro
8
Dow Jones Month of May Has Revealed Its Hand The first 10 days has trades in May and it has now shown its hand on what type of cycle this is. It is not a trending cycle nor a market maker cycle but a range bound cycle. Just like in February, the Monthly open, in orange, is going to be major support until it breaks through it. The purple line is May's FOMC release. Look for a flush of the two equal lows and price to form a bottom slightly under the Monthly Open before a rally higher. FOMC releases are used as MAJOR, MAJOR support and resistance levels. Expect May's FOMC level to do the same. Expect May's Monthly Open to be the price that price mean reverts around. The average Monthly range is 3000 ticks. Using the Monthly open as roughly the 50% area, the range should be about 39,200-42,200 Below is a guide for upcoming daytrades and what to look for: A layering into FOMC with the removal of the three lows. Two of which are suspended above the FOMC level Major support trade where price flushes the lows under the Monthly Open and a rally back inside. A short trade after price runs the highs of the two equal highs inside of the peak high. Moral of the story? Break out your range playbooks and fade every break. Look for highs and lows to be put in under/ over major swings. Price will run these levels.
CBOT_MINI:YM1!
by Dow_Jones_Maestro
Dow Futures: Bullish Break in Play as Key Resistance FallsDow futures cleared not only the 200DMA on Thursday but also downtrend resistance dating back to the record highs set in February, suggesting a new trend may now be underway. While the initial rejection at 41787 warrants some caution, with momentum indicators swinging into bullish territory, there’s enough here to consider long setups heading into this weekend’s key trade meeting between the U.S. and China in Switzerland. One idea would be to buy above the 50DMA with a stop below for protection. 41787 is an early hurdle to clear, with a break above opening the path for a potential run towards the 200DMA—that screens as a reasonable target. If the price reverses and closes back below the 50DMA, the bullish bias would be invalidated. Good luck! DS
CBOT_MINI:YM1!Long
by FOREXcom
Go LONG on Dow Jones next week**Direction:** **LONG** **LONG Targets:** - **T1 = $41825.0** - **T2 = $42750.0** **Stop Levels:** - **S1 = $40200.0** - **S2 = $39750.0** **Wisdom of Professional Traders:** This analysis synthesizes insights from thousands of professional traders and market experts, leveraging collective intelligence to identify high-probability trade setups. The wisdom of crowds principle suggests that aggregated market perspectives from experienced professionals often outperform individual forecasts, reducing cognitive biases and highlighting consensus opportunities in Dow Jones. **Key Insights:** Analysts point to robust fundamentals in the U.S. economy, supported by strong labor market data and continued growth in the services sector. Consumer spending remains strong, buoyed by easing inflationary pressures and a confident outlook due to stabilizing interest rate expectations. Positive earnings results from blue-chip corporations in industries like technology and finance further bolster sentiment. Overall, market appetite for equities remains steadfast, making a compelling case for continued upside in the Dow Jones. **Recent Performance:** The Dow Jones has demonstrated resilience, finding support at the psychologically significant $40000 level in the previous sessions. It has gained approximately 1.8% over the past week, breaking through resistance at key levels as buying interest intensified. This move suggests strong institutional and retail investor confidence, with the index adhering to its bullish trajectory amidst bouts of volatility. **Expert Analysis:** Experts overwhelmingly project bullish sentiment for the upcoming week, citing favorable technical patterns and macroeconomic conditions. On the daily chart, ascending support levels and higher lows indicate robust upward momentum. Momentum indicators such as RSI reveal strengthening buying pressure without overbought conditions, further adding weight to the bullish thesis. Additionally, Wall Street strategists highlight year-end seasonality, which often supports equity strength, alongside a stable geopolitical landscape. **News Impact:** Recent Federal Reserve hints at pausing interest rate hikes have injected optimism into markets, signaling potential tailwinds for equity indices like the Dow Jones. Simultaneously, better-than-expected consumer confidence data and progress in debt ceiling negotiations have reassured investors about economic stability heading into year-end trading. Together, these developments have provided a positive backdrop supporting further upside for the Dow Jones. **Trading Recommendation:** Based on technical, fundamental, and macroeconomic factors, traders are advised to consider LONG positions in Dow Jones for the upcoming week. Favorable earnings, strong macroeconomic data, and positive sentiment create a conducive environment for continued bullish momentum, with clear technical levels validating the upside potential.
CBOT_MINI:YM1!Long
by CrowdWisdomTrading
Dow Jones MAY Monthly Gameplan Bearish DowntrendI am going into May with a bearish outlook. I am treating the end of April as a pullback/sideways resting consolidation before the continuation of the move down. This is in my opinion, the halfway mark of the move down. We had the first leg and now the second leg is setting up. Leg two WILL take out all three lows from the prior up move. True support is at the 2020 yearly open at 31,000. I am bearish all the way down until 31,000 The Purple lines is every FOMC released since September 2024. Because all 4 are being used as resistance and the creation of the peak formation high, they represent bearishness. I use the FOMC releases as highly accurate support and resistances. Isn't it a coincidence that before the dump, the market tapped September's FOMC release level by a hair, dumped off 6000 ticks, slamming into 2023's Yearly Open of 36,750 and stopped on a dime? Very Peculiar indeed. Once the market breaks above 45,000, it WILL use these FOMC levels and the 2025 open as major support before the march to 61,000. In order for the market to continue on its LONG term up trend, it needs to create this short-term bearish order flow first. It just so happens; this short-term bearishness will take MONTHS to resolve itself. DO NOT get fooled by any bullishness in the meantime. It is all counter trend to the bearish move down. Once the bearish move down has exhausted itself, THEN the Bullish uptrend will continue. An example on the 15-minute chart of what I am explaining. Look at this 15 minute chart and compare it to the Monthly chart
CBOT_MINI:YM1!Short
by Dow_Jones_Maestro