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E-mini Dow Jones ($5) FuturesE-mini Dow Jones ($5) FuturesE-mini Dow Jones ($5) Futures

E-mini Dow Jones ($5) Futures

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YM1! trade ideas

Elliott Wave View: Near Term Rally in Dow Futures (YM) Should FaShort term Elliott Wave view on Dow Futures suggests the decline from 8.17.2022 high is unfolding as a zigzag Elliott Wave structure. Down from 8.17.2022 high, wave A ended at 31221. Wave B corrective rally ended at 32791 with internal subdivision as an expanded Flat structure. Up from wave A, wave ((a)) ended at 32029. Wave ((b)) extended below wave A in 3 swing and ended at 30975. Index then rallied in wave ((c)) as a 5 waves impulse. Up from wave ((b)), wave (i) ended at 31681 and pullback in wave (ii) ended at 31303. Index extended the rally higher in wave (iii) towards 32612, dips in wave (iv) ended at 32488 as triangle, and final leg higher wave (v) ended at 32791 which completed wave ((c)) of B. YM has started to turn lower in wave C. Internal subdivision of wave C should unfold in 5 waves. Expect wave ((i)) of C to end soon with a marginal low, then Index should rally to correct cycle from 9.13.2022 high in 3, 7, or 11 swing in wave ((ii)) before turning lower again. As far as pivot at 32791 high stays intact, expect rally to fail in 3, 7, 11 swing for further downside.
CBOT_MINI:YM1!
by Elliottwave-Forecast
1
E-mini Dow Jones Futures (YM1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 33432 Pivot: 31862 Support : 30966 Preferred Case: On the H4, with price moving along the ascending trendline and breaking above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 31862 where the pullback support is to the 1st resistance at 33432 where the overlap resistance, 78.6% fibonacci retracement and 61.8% fibonacci retracement sits Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 30966 where the swing low support and 78.6% fibonacci retracement are. Fundamentals: Due to the easing treasury yeilds and oil prices, we have a bullish bias on the Dow Jones Index
CBOT_MINI:YM1!Long
by Genesiv
E-mini Dow Jones Futures (YM1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 33432 Pivot: 31862 Support : 30966 Preferred Case: On the H4, with price moving along the ascending trendline and breaking above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 31862 where the pullback support is to the 1st resistance at 33432 where the overlap resistance, 78.6% fibonacci retracement and 61.8% fibonacci retracement are. Alternative scenario: Alternatively, price could break pivot structure and drop to the 1st support at 30966 where the swing low support and 78.6% fibonacci retracement are. Fundamentals: Due to the easing treasury yeilds and oil prices, we have a bullish bias on the Dow Jones Index.
CBOT_MINI:YM1!Long
by Genesiv
US30USD YM1! DOW 2022 SEP 12 Week US30USD YM1! DOW 2022 SEP 12 Week Last week's Scenario1 long on support of dotted trend line was good. Caution: long trap observed, do not chase long. Possible scenarios: 1) Long if 31450 / 31864-32029 is supported 2) Short on rejection of solid trend line / 32546 3) if triangle formation observed there may be short opportunity Price reaction levels Short on Test and Reject | Long on Test and Accept 32546 32029 31864 31450 30975 30406 Weekly: Low vol up bar close off high = minor weakness Daily: Low vol up bar close off high = weakness H4: Low vol narrow up bars + narrow close, followed by ave vol up bar + UT bar = weakness Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
Dow Jones: Jello 🍮What’s your favorite kind of jello? Cherry? Lemon? Raspberry? Dow Jones seems to prefer woodruff, as the index has been munching through the green jello between 30576 and 31689 points quite efficiently. Now that it has finished wave 2 in green, Dow Jones is already on its way to the next green jello between 37669 and 39249 points, where it should complete wave 3 in green. To take a bite there, it has to climb above the resistance at 34246 points first, though. Also, there is still a 42% chance that Dow Jones could wobble downwards below the support at 30109 points and thus below the next one at 29639 points as well.
CBOT_MINI:YM1!
by MarketIntel
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 32600 Pivot: 31872 Support : 30974 Preferred Case: On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 31872 where the pullback resistance and 23.6% fibonacci retracement are to the 1st support at 30974 where the swing low support and 78.6% fibonacci retracement are. Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 32600 where the pullback resistance, 50% fibonacci retracement and 78.6% fibonacci projection are. Fundamentals: Due to the easing treasury yeilds and oil prices, we have a bullish bias on the Dow Jones Index. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
CBOT_MINI:YM1!
by Tickmill
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 32600 Pivot: 31872 Support : 30974 Preferred Case: On the H4, with price moving below the ichimoku indicator, we have a bearish bias that price will drop from pivot at 31872 where the pullback resistance and 23.6% fibonacci retracement are to the 1st support at 30974 where the swing low support and 78.6% fibonacci retracement are. Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 32600 where the pullback resistance, 50% fibonacci retracement and 78.6% fibonacci projection are. Fundamentals: Due to the easing treasury yeilds and oil prices, we have a bullish bias on the Dow Jones Index. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
CBOT_MINI:YM1!Short
by Genesiv
1
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 31860 Pivot: 31240 Support : 30417 Preferred Case: On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 31240 where the swing low support and 78.6% fibonacci projection are. Once there is downside confirmation that price has broken pivot structure, we would expect bearish momentum to carry price to 1st support at 30417 where the pullback support and 78.6% fibonacci retracement are. Alternative scenario: Alternatively, price could rise to 1st resistance at 31860 where the overlap resistance and 23.6% fibonacci retracement are. Fundamentals: Due to Powell's Hawkish Remarks about monetary policy at the annual Jackson Hole Symposium, we have a bearish view on the Dow Jones Index.
CBOT_MINI:YM1!Short
by Genesiv
1
US30USD YM1! DOW 2022 SEP 05 Week US30USD YM1! DOW 2022 SEP 05 Week Last week's short on retracement/channel rejection was good. Temporary support at the moment at 31221. Possible scenarios: 1) Long at 31221 / dotted trend line support 2) Short on rejection of solid trend line / 32029 / 31221 / retracement on low volume Price reaction levels Short on Test and Reject | Long on Test and Accept 32546 32029 31221 30406 29639 Weekly: Higher vol than previous bar, narrower spread, close off low = demand coming in Daily: Ave vol down bar close off low = minor demand H4: Ultra high vol bar + up bar close of low = minior demand Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
2
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 32591 Pivot: 31864 Support : 30432 Preferred Case: On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop from pivot at 31864 where the pullback resistance and 23.6% fibonacci retracement are to 1st support at 30432 where the pullback support and 78.6% fibonacci retracement are. Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 32591 in line with pullback resistance, 50% fibonacci retracement and 78.6% fibonacci projection. Fundamentals: Due to Powell's Hawkish Remarks about monetary policy at the annual Jackson Hole Symposium, we have a bearish view on the Dow Jones Index.
CBOT_MINI:YM1!Short
by Genesiv
Micro Dow Jones Futures (MYM1!), H4 Potential for Bearish DropType: Bearish Drop Resistance: 32606 Pivot: 31864 Support : 30405 Preferred Case: On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop from pivot at 31864 where the pullback resistance and 61.8% fibonacci retracement are to the 1st support at 30405 where the pullback support is. Alternative scenario: Alternatively, price could break pivot structure and rise to 1st resistance at 32606 in line with pullback resistance, 61.8% fibonacci projection and 38.2% fibonacci retracement. Fundamentals: Due to Powell's Hawkish Remarks about monetary policy at the annual Jackson Hole Symposium, we have a bearish view on the Dow Jones Index .
CBOT_MINI:MYM1!Short
by Genesiv
E-mini Dow Jones Futures (YM1!), H4 Potential for Bearish DropType : Bearish Drop Resistance : 32603 Pivot: 31862 Support : 30417 Preferred Case: On the H4, with price breaking the ascending trendline and moving below the ichimoku indicator, ,we have a bearish bias that price will drop to pivot at 31862 where the pullback support, 100% fibonacci projection , 61.8% fibonacci retracement and 127.2% fibonacci extension are. Should price break pivot structure, we would expect bearish momentum to carry price to 1st support at 30417 where the pullback support is. Alternative scenario: Alternatively, price could rise to 1st resistance at 32603 in line with pullback resistance. Fundamentals: Due to Powell's Hawish Remarks about monetary policy at the annual Jackson Hole Symposium, we have a bearish view on the Dow Jones Index.
CBOT_MINI:YM1!
by Tickmill