Dow Jones Make or Break Levels To TradeIn this update we review the recent price action in the Dow Jones (futures contract) and identify the next high probability trade locations and price objectives to target.
YM1! trade ideas
When Relief Rally Coincided with Quad WitchingYM1!
The US equity market selloff in Q1 was pretty fierce due to a confluence of reasons. Even the large-cap stocks have entered Oversold territory, as suggested by the RSI on the E-mini Dow future. Since the middle of March, the equity market experienced a typical round of relief rally, coinciding with the Quad Witching, when a large amount of derivatives expiration, order flow, and rebalancing happened.
Now the Dow is far away from the Oversold level, and the previous support has become overhead resistance. The decline will likely resume as the Fed is determined to tighten financial conditions to fight inflation.
Entry at 34400, stop above 35450. Targets are 32500 and 30000.
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
Most 4 Hour Indexes Going to the March 20th levelsMost indexes move together eventually. The March 20th levels, and the 4 hour 200SMA are the next stops. After that, the March 15th levels are possible.
E-MINI DOW JONES ($5) FUTURESThe arrow is in a strong upward direction, and its penetration of the point of strong resistance will see the arrow accelerate very strongly.
Dow Jones: Spring Feelings 🌿After finishing wave in turquoise, the Dow Jones was moving back down to complete the low of wave in our turquoise box between 34643 and 33930 points. In the upper half of this zone, the index already turned back up and is currently ranging between the turquoise box and the next resistance level at 35281 points. There is a possibility that the Dow will dip into the turquoise box once again to reach its ideal target for the turquoise wave in the middle of the zone. Regardless whether this wave has already ended, or the index returns into the turquoise box, either way afterwards we expect the course to continue the overarching upward movement. The first stop on the way to new all-time highs is the resistance at 35281 points that needs to be cleared.
US30USD YM1! DOW 2022 APR 04 Week
US30USD YM1! DOW 2022 APR 04 Week
Market encountered weakness and attempt for higher prices
were rejected. The week ended with minor support on
Friday's low.
Play scenarios:
1) Rotational play between 34220 - 35330
2) Test of 34220 and supported = long opportunity
3) If 34220 is broken and resisted = short opportunity
4) Test of breakout area 33433 and supported = long opportunity.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34945 34367 34220
33427 32492 32167
Weekly: Low vol upthrust bar closing below middle =
potential weakness. (if next bar closes lower, weakness is
confirmed)
Daily: Average vol up bar closing above middle = strength.
H4: UHV down bar followed by high volume up bar closing
off high. Some support but supply still present.= minor strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! - Weekly Market Update, 4/4Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling).
These areas indicated suggest support / resistance for the week of April 4 and either rise or fall based on their channel structure ascending or descending.
Please check back for any mid-week updates. You can also follow me on my social networks and my website, all links are located below.
Wishing you a profitable week ahead! Anthony Speciale
E-MINI DOW JONES ($5) FUTURESThe arrow is good and strong and continues its very strong descent, knowing that it has broken the strong price channel.
Dow Jones Trading The Bullish SequenceIn 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.
Dow jones = don't pick sell, looking for buy in deepdow clearly break red trendline , now it try reach 36500 support
fibo 161% show dow can reach 40.000 in next 6 month
don't pick reverse sell on it , looking buy in deep (15min chart 📊) for hold 3-4 day to high
if you have sell , close it now or put hedge buystop (size=1.5*total sell) on high(day high)
good luck 🎲
DJIA In long term Wave 5?Big picture view...
Covid appears to have created a large expanding triangle in this historic bull run...
Expanding triangles (or triangles in general) are typical in Wave 4's before the final wave 5 in elliott terms
While everyone is still largely bullish and a lot of newer traders have never seen a bear market I thought it would be worth posting this chart
Short to medium term it appears the tide is still rising, but we are gathering headwinds in the form of rising inflation which leads to higher interest rates which subdue or reverse growth
While not bearish yet, i think it is worth noting some fibonacci projections which may be areas of interest if we get rejections with divergence around these levels as the correction may be deeper than anyone expects...
YM1 1DAYHELLO GUYS , according to my analysis the market made a break channel maybe will retest 3372O.00 but fort probably the market will go up to the target 1 and probably Target 2 too
Our stocks look good Dow Jones looks bullish on the D chart. Good time to get in long. All descriptions of my analysis are on the chart. Comment your thoughts below
US30USD YM1! DOW 2022 MAR 28 Week
US30USD YM1! DOW 2022 MAR 28 Week
34034 support held, and market went into rotation
between 34220 - 34800. Looks like market may
be building a bullish cause so that it can return into
the upward channel.
Play scenarios:
1) Rotational play between 34220 - 34800
2) Breakout long play if confluence of 34800 +
return into channel is supported.
3) Test of 3343 play - breakdown and resisted at 34220 bottom
of rotation and market may test 33433
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34800 34367 34220
33427 32492 32167
Weekly: Low vol up bar closing off high =
No demand weakness
Daily: Low vol up bar closing off high, narrower
spread bar on same effort = weakness
H4: Ultra high vol upthrust bar closing below
rotational resistance 22800, followed by up bar
= some strength.
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! Weekly Market Update, 3/28Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling).
These areas indicated suggest support / resistance for the week of March 28 and either rise or fall based on their channel structure ascending or descending.
Please check back for any mid-week updates. You can also follow me on my social networks and my website, all links are located below.
Wishing you a profitable week ahead! Anthony Speciale
dead cross about to happen. This will lead to an unstopable fallcheck historical data behind and see what happens when they crossed
Above below prior days range strategyWell you need to have a good understanding of the market to trade this strategy on the 1 hour chart, as risk is 1 bar you need to adjust your position size.
623% gain on the dow on a 1000$ daytrading account is not a bad performance in the last two month (but there was also 2k drawdown, that could have been avoided)
Setup to trade the strategy:
1. look for trending markets crude oil performed much better than the indicies
2. its most profitable on RTH charts
3. the entry is above a bar that has a high above prior days high(or low) and a low that is below
4. the exit is a 2 bar trailing stop (initial stop below entry bar) 3 bar trailing in the morning.
5. taking profits at double tops is fine, but keep re-entering if the market makes a new high
summary: strategy works in strong downtrending and uptrending markets
if market moves sideway like on the 22th march, it will fail but since most trades startet in the US market session you get a hint if you can expect a sideways market.
Will keep you udpated as the strategy can also be used for shorts... but not on breakdowns but with sell limit highs after a breakdown...
E-MINI DOW JONES ($5) FUTURESYou can see the strongest acceleration in case you penetrate the area up, and if you limit the opposite, it's going to go down hard.
Dow to follow SP500 & Nasdaq's Lead ?In this update we review the recent price action in the Dow Jones (futures contract) and identify the next high probability trading pattern and price objectives to target.
Dow Jones Weekly ForecastMy general bias is to the upside with YM leading the three markets in terms of the order flow. YM is the strongest in its relative strength, ES as usually being the middle and NQ showing to be the weakest. This of course may change once the Q1 highs will start being taken out. But for now, this is where my money allocation is going, buying the strength and selling the weakness.
We have seen some buy-side imbalance being created throughout the week so I'm anticipating some retracement to indicated levels, and I will be looking at adding long positions on lower timeframes if the setups present themselves. Of course, these levels might not provide support and we might see a deeper retracement, however, these are the immediate imbalance levels that I'm anticipating to see some retracement. We'll see how it works out.
US30USD YM1! DOW 2022 MAR 21 Week
US30USD YM1! DOW 2022 MAR 21 Week
If 34034 support holds, look for long on retracement
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34968 34367 34034
33427 32492 32167
Weekly: Average volume Up bar closing near high = strength
Daily: Low volume up bar closing near high = weakness
H4: Average volume up bar closing at high = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! - Weekly Update, 3/21Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling).
These areas indicated suggest support / resistance for the week of March 21 and either rise or fall based on their channel structure ascending or descending.
Please check back for any mid-week updates. You can also follow me on my social networks and my website, all links are located below.
Wishing you a profitable week ahead! Anthony Speciale
