Dow Jones Setting Up An Equality TestIn this update we review the recent price action in the Dow Jones futures contract and identify the next high probability trading opportunities and price objectives to target
YM1! trade ideas
Ahead of Bullard's speech on mini DowThis is a short term 60min Ichimoku chart of E-mini Dow M2 futures. You are seeing a decent slump followed by a massive rebound on May 13th, breaching above the Ichimoku cloud. The market remained resilient on May 16th Monday , where the ichimoku cloud switched its color (purple to green) as good supporting level implying further on upside.
I suspect however that the market will hedge it self lower ahead of many Fed officials speech on May 17th Tuesday, starting with Bullard at 8am Eastern time (21:00 TKY) and Powell at 2pm (3am 18th TKY). The market will once again test on the downside. Will see how solid this cloud is.
NK Radio
YM1! - Testing Channel Resistance 5/17Dow Futures are testing ORANGE channel resistance pre-market on 5/17. Price action appears to be reactive to this key area thus far. Keep an eye on it as it may serve as resistance for the balance of the day. If price should break through it, more importantly settle above it - that structure could then be considered as new found support. Wishing you a blessed and profitable day!
Dow Jones potential for drop! | 17th May 2022On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from our sell entry at 32602 where the 50% Fibonacci retracement is to our take profit at 31294 in line with the horizontal swing low support. Alternatively, price may break entry structure and head for our stop loss at 33250 where the 78.6% Fibonacci retracement .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Dow Jones potential for drop! | 17th May 2022On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our sell entry at 32602 where the 50% Fibonacci retracement is to our take profit at 31294 in line with the horizontal swing low support. Alternatively, price may break entry structure and head for our stop loss at 33250 where the 78.6% Fibonacci retracement.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Dow Jones Intraday Tactical Trading OpportunityIn this update, we review the recent price action in the Dow Jones futures contract and identify an intraday tactical trading opportunity and price objective to target
YM - 2 Hour DOW INDU Not a good Look Longer term.
28.200 is the Gap Fill. 24K as well.
With Financial and Industrial imploding,
the RT will be Weak at best.
___________________________________
Copper and SIlver will consolidate prior to
giving the YM the kick down the stairs, the
correlations there are solid.
___________________________________
Short terms, stick save followed by more dumping
ahead.
DX needs to break 107s to put the nail in the
DOW Coffin.
It's been collecting Coffin nails for some time,
YM1! - Weekly Market Update, 5/16/22Dow futures like the other major indexes have tested their BLACK channel monthly support structure and have (at least based on this past Friday's action) bounced slightly. Even if this downtrend continues, there's likely to be some relief at this point. If this past Friday was all of the relief or not, that's yet to be seen. I do not see any actionable ideas offered at this point in time on this particular index. Stay calm, disciplined and consistent - those who do will prevail. Wishing you a blessed and profitable week!
US30USD YM1! DOW 2022 MAY 16 WeekUS30USD YM1! DOW 2022 MAY 16 Week
Last week scenario1 breakdown finally happened.Friday market tested
breakdown area 32167
Play scenarios mapped out:
1) Test and reject 32167 for short opportunity
2) Test and reject 32554 for short opporutnity
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34945 34027 33066
32554 32492 32167
Weekly: Ave vol down bar close above middle = minor strength
Daily: Low vol down bar closing off high = weakness
H4: Low vol up bar close off high = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
Dow daily = buy pinbar comeslooking for low size buy and hold your buy until fibo 61% 33000
put SL in yesterday low , personaly i belive dow will see 33800 in next 20 day
good luck , dont close your buy soon
Showcase: Trading the e-mini Dow Jones (YM)1. Showcasing a simulation trade on e-mini Dow Jones. Price moving sideways earlier, setting the boundaries for Support & Resistance in 1 min chart.
2. I did a Long trade, looking at the price making a higher low while price and volume in 3min chart confirming this; closing on the high with higher volume.
3. Of course, there was some worry that price may move lower instead but the support and price movement on the upside seems to be strong.
4. Hit 10pts within 8 mins from Entry.
DJI short Think we have Asia strong bears coming. If we make a bear move from here I think it will be a really strong one, perhaps making the low. If it's heading into a local or swing low, typically has to be a vicious last move. We would be due fireworks.
Dow Jones: Move Yourself!Move yourself!
You always live your life,
Never thinking of the future.
Prove yourself!
You are the move you make,
Take your chances, win or loser.
See yourself!
You are the steps you take,
You and you, and that's the only way.
Shake, shake yourself!
You're every move you make,
So the story goes…
Dow Jones should listen closely to “Owner of a Lonely Heart” by Yes as the text of the first stanza is indeed in accordance with what we would encourage the index to do. After it has been given the brush-off by the resistance at 34038 points, Dow Jones has retreated deeply into the green zone between 33724 and 32519 points, even touching the white zone between 32389 and 32241 points below it to finish wave (C) in white. Now, the index should brace up and move upwards, striding across the green zone and climbing above the resistance at 34038 points. However, there is a 45% chance that Dow Jones could fail to pick itself up and could drop below the support at 32167 instead.
DJI potential for a rise! | 9th May 2022On the H4, with price expected to reverse off the ichimoku cloud , we have a bearish bias that price will drop from our 1st resistance at 33193 where the horizontal pullback resistance and 38.2% Fibonacci retracement is to our 1st support at 32422 in line with the pullback support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the horizontal pullback resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJI potential for a rise! | 9th May 2022On the H4, with price expected to reverse off the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 33193 where the horizontal pullback resistance and 38.2% Fibonacci retracement is to our 1st support at 32422 in line with the pullback support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the horizontal pullback resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
US30USD YM1! DOW 2022 MAY 08 Week
US30USD YM1! DOW 2022 MAY 08 Week
Last week, previous demand at 32427-32167 returned to support the market, so
we have scenario 3 where market returned to test the recent 2 highs.
Market is now again approaching 32427-32167. Again wait for price reaction
to this level.
Play scenarios mapped out:
1) Scenario 1 extension toward 32167-32427 region for a breakdown
2) Market rotates between 34027 and 32167-32427
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34945 34027
33066 32492 32167
Weekly: Average vol wide spread down bar close of low = strength
Daily: Ave volume down bar closing above mid of bar but off high = minor strenth
H4: Ultra high vol down bar closing off high followed by average volume
up bar closing off high = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
DOW next target is 33.300 , buy pinbar come on daily chartdespite going down led by nasdaq , we strongly belive dow will fly up soon ,let see daily chart pinbar
for coming days : AC accelator indicator is green (if low not break by bad news) dow will see 33300 fibo 61%(1hour chart) then next dow target is daily fibo 61% = 34200
ibad scenario = if bad news come , we must buy dow in 31800 and hold it 15-20 day to high
ADVICE BY BIG BANKS TRADER = always ,when dow start go up , dont pick reverse sell ,,, DOW , GOLD , DAX , SP500 LOVE GOING UP , LOVE BUY , if you open reverse sell , they dont have pullback so dont allow you close,exit sell !!90% looking for buy in deep,close on high !
wish you win my telgram : ramin_trader2006
INDU / DOW / YM - Intermiediate DrawIt will be interesting to see IF the IT TL holds over the Summer.
IMHO it would appear in mid to late June.
Time will tell.
INDU / DOW / YM - MegaphoneValue?
Until pricing power collaspes.
Infaltioanry Depression will wreck the DOW
as well.
It will follow the NYSE Comp and MSCI.
Of the Global Indexes, only the FTSE is heavily
weighted to Energy.
YM1! - Weekly Market Update, 5/9/22Dow is retesting prior lows, yet we've again fell short of completing a 1%+ confirmation.
While the market bias remains bearish, I can't confirm an entry and/or setup at this time.
I've reassessed and adjusted support and resistance structures for your reference.
Wishing you a blessed and profitable week!
Dow 4 hour : dow can create double bottom pattern despite yesterday crash on nasdaq (push dax,dow down), but still we think dow is buy and will see fibo 61% 34200, it will fly up soon or late
my personal target is 35000 on dow , so dont close your buy soon , dow main trend on daily chart is very + up
secret = AC indicator on 4 hour chart on dow is important
DJI Potential drop | 6th May 2022On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from 1st resistance in line with the horizontal pullback resistance and 38.20% Fibonacci retracement to our 1st support in line with the 100% Fibonacci projection . Alternatively, price may break structure and head for 2nd resistance where the horizontal overlap resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJI Potential drop | 6th May 2022On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from 1st resistance in line with the horizontal pullback resistance and 38.20% Fibonacci retracement to our 1st support in line with the 100% Fibonacci projection. Alternatively, price may break structure and head for 2nd resistance where the horizontal overlap resistance is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
