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Micro E-mini Dow Jones Industrial Average Index FuturesMicro E-mini Dow Jones Industrial Average Index FuturesMicro E-mini Dow Jones Industrial Average Index Futures

Micro E-mini Dow Jones Industrial Average Index Futures

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MYM1! trade ideas

US30USD YM1! DOW 2022 OCT 17US30USD YM1! DOW 2022 OCT 17 Support at 28886 long was fruitful. Market is in rotation of 1800pts. Next target should be toward bottom of rotation range 28635. Possible scenarios: 1) Rotation play = trades to be taken at boundary of range. 2) Signs of breakout = look for higher lows / market loitering near -> breakout of zone, --> test and accept of breakout = long 3) Signs of breakdown = look for lower highs / market loitering near bottom of range --> breakdown of range --> Short on test and reject of breakdown Price reaction levels Short on Test and Reject | Long on Test and Accept 32789 31793 31385 30513 28732 29639 29315 27741 26876 26212 Weekly: High vol up bar close off high toward middle = undecisive Daily: Ave vol down bar close off at low = minor supply H4: Very high vol down bar close at low = demand present Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
YM1! - Weekly Market Update, 10/17The indices had a rather wild week, the technicals are approaching being oversold. A bounce from here would not be unexpected as there is some consolidation occurring as price is currently hovering around the June low's area. I'd like to see the market cycle back to an area of being overbought and finding a low risk confirmed area to short from. At this time I'm looking for thing's to setup again for a desirable entry. I've adjusted support and resistance structures accordingly.
CBOT_MINI:YM1!
by SpecialeAnalysis
Free money! CPI news tomorrow, bull or bear, 830a eastern.Greetings Traders. Tomorrow on Thursday October 13th, 2022 is the CPI earnings report. This release happens at approximately 8:30am eastern time. However, market movement will be starting early tonight, premium collection territory. The YM1! e-mini dow jones futures will show plenty of chart movement. I have marked the chart. no requirement for a stop as the chart will satisfy within the purple range and touch the purple lines, all that's required is time. Once the purple line has been touched at anytime on the chart then the market has satisfied that portion of the move, that move is now marked as complete. Both purple lines will be touched, there is a lot of liquidity where the market would like to go and its marked by the purple ellipses on the chart. The purple lines also represent a 1 deviation move from the days average mean in either direction which didn't happen yesterday. Its very likely both lines at 29461 and 29165 will be touched at least once by Thursday market close late tomorrow. Plenty of volatility for bulls and bears tomorrow! Starting Wednesday evening. CBOT_MINI:YM1!
CBOT_MINI:YM1!
by krimkrim
/ym #Technical analysis/ym trading at the monthly support zone. support zone - 28700,27450,25247 resistance - 29700, 31800 Because of fed interest rate hike decision the market behaves choppy and neutral bear market. should be more cautious for daily trading, whereas buy the dip opportunity for long-term investment good returns over time. This week trend may reverse from here for retracement. Short the rip for Traders. Fomc minutes and cpi data this week lots of volatility. Happy Trading!!!
CBOT_MINI:YM1!
by sk-investopedia
Elliott Wave View: Dips in Dow Futures (YM) Might Find SupportDow Futures (YM) shows incomplete bearish sequence from 1.5.2022 high favoring further downside. The decline from 8.16.2022 high is in progress as a double three Elliott Wave structure. Down from 8.16.2022 high, wave A ended at 30975 and rally in wave B ended at 32789. Index extends lower again wave C towards 28635 which completed wave (W). Rally in wave (X) is currently in progress as a zigzag structure as the 60 minutes chart below shows. Up from wave (W), wave ((i)) ended at 28974 and dips in wave ((ii)) ended at 28772. Index extends higher in wave ((iii)) towards 30399, and pullback in wave ((iv)) ended at 29933. Final leg higher wave ((v)) ended at 30513 which completed wave A. Wave B pullback is in play to correct cycle from 10.3.2022 low before the rally resumes. As far as pivot at 28646 low stays intact, expect dips to find support in 3, 7, or 11 swing for 1 more push higher to end wave C of (X). Afterwards, Index should resume the decline lower in wave (Y). Potential target lower is 100% – 161.8% Fibonacci extension from 1.5.2022 high at 22560 – 27022.
CBOT_MINI:YM1!
by Elliottwave-Forecast
YM1! US30USD DOW 2022 OCT 03 US30USD YM1! DOW 2022 OCT 03 Dow Scenario2 breakdown yielded 700pts for last week. congrats to those who shorted. Possible scenarios: 1) Short on rejection of trendline // 29639 // 28886 2) Prepare to long if round bottom is observed and market retraces during an upward move and finds support. 3) Market rotates, then find trades at edge of rotation zone. (Yellow box) Price reaction levels Short on Test and Reject | Long on Test and Accept 32789 31793 31385 31042 30636 30202 29639 29315 Weekly: Higher vol & narrower spread down bar, close off low = minor demand (ave vol on bar itself) = demand coming in Daily: Ave vol down bar close off low = No Supply H4: Vol showed buying on the downtrend. Coupled with possible SPRING setup Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677