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E-mini Dow Jones ($5) Futures

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YM1! trade ideas

DOW JONES Gameplan 42,250 Top 2025 40% Sell Off 24,400This is what I am anticipating for the next 3 years or so on the DOW'S weekly chart. I am expecting a bullish run up in this bear flag formation to hit the third measured move up to 42,250 before the next sell off down to the covid low demand area of 24,400. This last weekly run up was the second measured move and is still in progress to hit 39,000 based on the January 11th CPI report. This move is also the start of the head and shoulders formation of the right shoulder and the complex topping pattern. Once that neckline gets broken, look out below. I will still be pursuing bullish strategies up until 2025 and the 42,250 price target. After which I will be selling my portfolio for cash to get ready for the next wonderful buy opportunity at 24,400. The weekly chart is the KING and is what the market maker's plan every weekend when the market is closed.
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
1
DOW JONES CPI January 11th 2024 Bullish to 39,000I am basing my analysis on the chart and using trend analysis to determine that it is still bullish. It is not at the top but in the topping process for this second leg of 20%. January 11th is the next major red news of CPI and I believe that will be the catalyst to propel price to its goal of 38,800-39,000 target. Using the last 20% leg up back in October 2022, you can see how everything is playing out perfectly. The hourly 200sma sloping down, to a curl upwards at the bottom of the move. The trend channel's bottom lined up with the hourly 200sma Nearing the top of the monthly up channel Support from major red news ( FOMC Dec 13th 2023)
CBOT_MINI:MYM1!Long
by Dow_Jones_Maestro
DOW 1st target 39k, Onward to 42,250 Bear Flag Pattern MonthlyEverything is timed and measured. This bullish price action is still within boundaries of a bear flag where, by definition, it is bullish. I believe after the last little push up to 39,000 that it will then pullback down to 35,500 area for the FINAL push up to 42,250. After the third measured move is complete, then the bear flag will have completed itself and the dump will commence taking out the low and going even lower. The top of the next market dump will be at January 2025 like I have been saying since September of 2023. The market is copying the playbook of 1967-1968 Short Term Bullish to 42,250 Medium Term Bearish to 22,000 Long Term 2035 Bullish to 55,000
CBOT_MINI:MYM1!Short
by Dow_Jones_Maestro
Dow Futures (YM) Breaking to New All-Time HighDow Futures (YM) has broken to new all-time high, suggesting the trend remains firmly bullish. It also suggests the next bullish cycle has started. Short term, rally from 11.10.2023 low is currently in progress as a 5 waves impulse Elliott Wave structure. Up from 11.10.2023 low, wave ((i)) ended at 36337 and dips in wave ((ii)) ended at 36022. Internal subdivision of wave ((ii)) unfolded as a zigzag structure. Down from wave ((i)), wave (a) ended at 36066, wave (b) ended at 36352, and wave (c) lower ended at 36022. This completed wave ((ii)) in higher degree. Index has resumed higher in wave ((iii)) and broken to new all-time high. Up from wave ((ii)), wave i ended at 36201 and wave ii ended at 36064. Wave iii higher ended at 36659, wave iv ended at 36476, and wave v higher ended at 37030. This completed wave (i) in higher degree. Pullback in wave (ii) ended at 36758. Index has resumed higher again in wave (iii). Up from wave (ii), wave i ended at 37051 and pullback in wave ii ended at 36917. Expect wave iii to end soon, then Index should pullback in wave iv, and then extend higher again. Near term, as far as pivot at 36022 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
CBOT_MINI:YM1!
by Elliottwave-Forecast
December E-Mini Dow Jones Index Futures Weekly ChartDecember E-mini Dow Jones Index futures continued the uptrend that saw a break above the resistance line formed by connecting the high in January 2022 with the high in July 2023. With CPI, PPI, and a Fed announcement this week, there are certainly enough possible catalysts to turn this market to the bearish side. The MACD showed a bullish cross about a month ago and is not indicating a slowdown in momentum. The RSI at 62 on 12/8 indicates that there still may be room for price to continue bullish. Should the uptrend continue, a possible target (and resistance is the previous high of 37,906. A reverse to the downside might see the 61.8% Fibonacci retracement level (34,790) as support. Please Note: Commentary and charts reflect data at the time of analysis (12/08/23). Market conditions are subject to change and may not reflect all market activity.
CBOT_MINI:YM1!
by Tradovate
MYM1! Bullish flag patternThe provided chart is a 2-hour time frame analysis of the Micro E-mini Dow Jones Industrial Average Index Futures (MYM), highlighting a 'Bullish Flag' pattern. This pattern suggests a continuation of the existing uptrend after a period of consolidation. Description: The pattern is characterized by a sharp upward movement in price (the flagpole), followed by a consolidation phase that moves against the trend within a parallel channel. The chart indicates a potential breakout point, with the price nearing the upper boundary of the flag pattern. Volume indicators show lower volumes during the formation of the flag, which is typical for such a pattern. Strategy Plan: Confirm the Breakout: Watch for a decisive breakout above the flag pattern with increased volume as confirmation. Entry Point: Enter a long position upon a confirmed breakout, ensuring the volume supports the move. Stop-Loss: Place a stop-loss order below the most recent swing low within the flag pattern to minimize potential losses. Price Target: Calculate the price target based on the height of the flagpole projected upwards from the breakout point. Risk Management: Ensure the potential loss from the stop-loss level to the entry point aligns with the trader’s risk tolerance. Trade Management: After entering the trade, monitor the price and volume to validate the trend continuation. Adjust stop-loss orders to a trailing stop to secure profits as the price moves favorably. Reassessment: If the breakout fails or volume does not support the move, reassess the position and be prepared to exit to minimize losses.
CBOT_MINI:MYM1!Long
by alexei_erchov
Dow Futures (YM_F) Sequence Remains BullishDow Futures (YM_F) shows incomplete sequence from 10.3.2022 low favoring further upside. Rally from 10.3.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 10.3.2022 low, wave (1) ended at 35228 and dips in wave (2) ended at 32409. Wave (3) higher is in progress as an impulse in lesser degree. Up from wave (2), wave 1 ended at 34315 and dips in wave 2 ended at 33913. Index then resumed higher in wave 3 towards 36338. The 45 minutes chart below shows the move higher in wave 3. Up from wave 2, wave ((i)) ended at 35456 and pullback in wave ((ii)) ended at 35309. Up from wave ((ii)), the Index is nesting in wave (i) at 35641 and dips in wave (ii) ended at 35456. Index then resumed higher in wave (iii) towards 36058 and dips in wave (iv) ended at 36015. Wave (v) higher ended at 36101 which completed wave ((iii)). Pullback in wave ((iv)) ended at 35963. Wave ((v)) higher ended at 36337 which completed wave 3 in higher degree. Pullback in wave 4 is currently in progress as a zigzag structure. Down from wave 3, wave ((a)) ended at 36093 and wave ((b)) rally ended at 36299. Wave ((c)) lower is expected to complete at the 100% extension area at 35857 – 36026 where wave 4 should end. From there, the Index should see further upside or 3 waves rally at least.
CBOT_MINI:YM1!
by Elliottwave-Forecast
Will the Dow Jones Continue to Outperform? Dow Jones Futures (YM) have experienced a notable resurgence since the bottoming of 30-year bonds in late October, leading to lower yields. This rally in risk assets has propelled the Dow to trade at 52-week highs, overcoming the prevailing headwind of interest rates throughout much of the year. Recent robust earnings from Salesforce positioned the Dow for outperformance in last week’s trade, as investors also shift focus from mega-cap tech stocks towards the Dow and the Russell 2000 as a "Catch Up" trade. A significant boost to the Dow's relative outperformance occurred with the observed bottom in Chicago PMI numbers on November 30th, revealing manufacturing sector expansion well above consensus estimates (55.8 vs. 45.4 expected). This data has further bolstered confidence in the Dow Jones rally. Major Headwinds for the Dow Jones: However, the upcoming week poses challenges for risk assets, including Dow Jones futures, with various job-related data releases such as ADP Nonfarm, Avg Hourly Earnings, Unit Labor Costs, and the Unemployment rate. This data is expected to introduce volatility to the markets as bond traders recalibrate interest rate expectations for 2024. Another significant headwind is the scheduled release of the Fed’s summary of Economic Projections on December 13th, including the infamous Dot Plot. The Dot Plot will outline the Fed’s interest rate expectations, potentially differing significantly from market expectations, which may create a volatile environment into the end of the year. Support & Resistance: Technically, the Dow has broken and closed above the old resistance of 35750-35880, which now serves as new support. To test all-time highs, a decisive break and close above 36305-36505 is awaited, signaling the Dow's sustained upward momentum amid shifting market dynamics. Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups 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 *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
CBOT_MINI:YM1!
by Blue_Line_Futures
Long Ym Looking for slight pull back with price action that supports bullish narrative, around 34,900 then buying on bullish engulfing candles. Looking for Down close candles being rejected to form bullish engulfing. I'm not a genie or oracle so it's difficult to predict if it takes out the highest before moving lower or vise versa . This is the Third and Final leg up before I believe a corrective pullback will take place. This leg up should Break through some previous months highs to get into some buying liquidity for the move lower. Looking for 400 or so points up to get us close to the 35,400 or 35,500 area. If you find this helpful please like and share. If you disagree feel free to share your insights. Thank you for your time and for viewing my ideals.
CBOT_MINI:YM1!Long
by Dohnutz
2
DOW JONES Gameplan: Buy at D for final leg up to 38000 for crashI believe we are at the C portion and will not get fooled by this short term rally. I am expecting another leg down to D to close out the remainder of the year and the first quarter of next year. I believe D area just slightly under the rising weekly 200sma will be PRIME buying for the, in my opinion, the final leg up in this bear flag channel to either 37000 or 38000. I will be anticipating a 36% sell off that is in line with the 1968 style sell off. Everything on this current chart is copying the 1962-1971 price action. DOW JONES 1967 at the C portion of the ABCD I still stand behind my prior post on the SP500. My only concern is I don't know the top, or the date. I only am estimating the general price action that is likely to happen. I am preparing for the inevitable crash that is coming in the next year, late late 2024 to early 2025.
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro