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E-mini Dow Jones ($5) Futures

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YM1! trade ideas

How to identify a trend move using AnchorsIn the video I discuss the concept of Anchors in trading and how I use them in my own trading. Anchors play a major part in identifying the prime areas to trade and also in risk management when in a trade. I will discuss my prime setups and trading areas using anchors and multi-timeframe analysis. ** If you like the content then take a look at the profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated **
CBOT_MINI:YM1!Education
by TradeTheStructure
Dow Futures (YM_F) Looking for Corrective Rally SoonShort Term Elliott Wave view in Dow Futures (YM_F) suggests that cycle from 7.27.2023 high is mature and about to complete soon as 5 waves impulse. Down from 7.27.2023 high, wave ((i)) ended at 35076 and rally in wave ((ii)) ended at 35660. Index extended lower in wave ((iii)) as another impulse in lesser degree. Down from wave ((ii)), wave (i) ended at 35115 and rally in wave (ii) ended at 35456. Index extended lower in wave (iii) towards 34328 and rally in wave (iv) ended at 34709. Final leg wave (v) ended at 34308 which completed wave ((iii)). Rally in wave ((iv)) ended at 34645 as a zigzag structure. Up from wave ((iii)), wave (a) ended at 34605, wave (b) ended at 34465, and wave (c) higher ended at 34645 which completed wave ((iv)). Down from wave ((iv)), wave (i) ended at 34307. Short term rally should fail in 3 or 7 swing against 34645 for further downside within wave ((v)). Once the 5 waves decline ends, it should complete wave A in larger degree. Then the Index should rally in wave B to correct decline from 7.27.2023 high in 3 or 7 swing before the decline resumes.
CBOT_MINI:YM1!
by Elliottwave-Forecast
The Great Depression of the 2000's?Nearly a century ago, financial markets around the globe experienced a cataclysmic drop, the infamous Great Depression. Today, as we stand on the precipice of economic uncertainty, I can't help but draw parallels between the cyclical patterns of yesteryears and our current economic landscape. Despite rising interest rates, the Consumer Price Index (CPI) remains stubbornly high, ushering in an era of stagflation. The lavish use of the FDIC fund to bolster banks like SVB has only fanned the flames of inflation, and its repercussions are palpable among the masses. But here's where the plot thickens: Fitch, in a move that sent ripples across the financial world, downgraded the U.S. sovereign rating from the coveted AAA to AA+. While the markets might have taken this in stride, the implications are far from trivial. This isn't just about numbers on a spreadsheet; it's about the very reputation of the U.S. on the global stage. The last time we saw such a downgrade, in 2011 by S&P, the aftershocks were felt far and wide. The reasons cited by Fitch, notably the "deterioration" of the country's finances and the "erosion of governance," are not revelations but rather confirmations of what many have whispered in hushed tones. The political chasm that has been widening for years now seems to have finally caught the eye of rating agencies. Yet, amidst this turmoil, the U.S. dollar stands tall, a beacon of hope in turbulent waters, still regarded as the world's premier reserve currency. However, the real concern lies not in the immediate aftermath but in the long-term ramifications. The downgrade, while not a death knell, is a stark reminder of the fiscal challenges the U.S. faces, from funding Social Security and Medicare to bridging its ever-widening political divides. A potential trigger for a decline in the Dow could be everyday individuals feeling the pinch, retiring early, or tapping into their 401(k)s to navigate the rising costs of living. The advent of advanced technologies, like GPT, has only exacerbated the turnover rates for workers in their 50s and 60s. I foresee a trend where these workers might opt for early 401(k) withdrawals or early retirement, further straining the economy. In this tempest of economic uncertainty, I predict the following for the Dow: Target 1: 34,000, Target 2: 31,500, Target 3: 21,300. As we navigate these uncharted waters, it's crucial to remember that while history often rhymes, it doesn't always repeat. ECONOMICS:USCCPI FRED:DJIA TVC:DJI
CBOT_MINI:YM1!Short
by journeyman1
Dow Futures (YM) Ending Short Term Impulse SoonShort Term Elliott Wave view in Dow Futures (YM) suggests cycle from 7.10.2023 low is about to end as 5 waves impulse. From 7.10.2023 low, wave i ended at 34211 and dips in wave ii ended at 34060. The Index rallies again in wave iii towards 34493 and pullback in wave iv ended at 34410. Final leg wave v ended at 34792 which completed wave (i). Index then pullback in wave (ii) which ended at 34493. Index then resumes higher again in wave (iii). Up from wave (ii), wave i ended at 34788 and pullback in wave ii ended at 34581. Index then resumes higher in wave iii to 35417 and pullback in wave iv ended at 35192. Final leg wave v ended at 35549 which completed wave (iii). Pullback in wave (iv) ended at 35348 with internal subdivision as a double three. Down from wave (iii), wave w ended at 35364, wave x ended at 35514, and wave y ended at 35348 which completed wave (iv).  The Index resumes higher in wave (v) with internal subdivision as a 5 waves. Near term, as far as pivot at 34493 low stays intact, the Index can extend higher a few more highs before ending wave (v) of ((iii)). This should complete cycle from 7.10.2023 low and Index should then see larger degree pullback to correct that cycle.
CBOT_MINI:YM1!Long
by Elliottwave-Forecast