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YM1!

DOW JONES Critical level separating the Bull from Bear Market!It hasn't been more than a month ago (October 10) when we first posted the 1D MA300 (yellow trend-line) as our long-term target for Dow Jones (DJI): The index came just a few points below it and so far we see a minor pull-back and consolidation, attributed both to profit taking as well as risk aversion before the important CPI report on Thursday. As mentioned on the previous analysis, the range Dow is currently in is the technical Rejection Zone that has formed all previous Lower Highs of the 2022 Bear Cycle Megaphone pattern, all of which initiated massive selling legs to new Lower Lows. Even though the 4H MA50 (blue trend-line) is the current short-term Support, typically breaking below the 4H MA200 (orange trend-line) confirms the downtrend. Another strong confirmation of the bearish legs is when the MACD on the 1D time-frame makes a Bearish Cross. The 1D MA300 (yellow trend-line) is practically what separates the Bull from the Bear Cycle. It is no surprise that since the August 16 Lower High, the 1D MA300 is trading parallel to the top (Lower Highs trend-line) of the 2022 Bearish Megaphone. A closing above it effectively confirms the shift to a long-term bullish trend with first target 34300 (August 16 High) and second the 35550 (April 21 High). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
6
US30USD YM1! DOW 2022 NOV 07 YM1! US30USD YM1! DOW 2022 NOV 07 Hope you found our analysis from 17 Oct profitable as you saw Scenario 2 Signs of Breakout being played out. Possible scenarios: 1) Continuation long 2) Temporary short if 33326 / 32510 is resisted 3) Long if test of breakout 30513 is supported Price reaction levels Short on Test and Reject | Long on Test and Accept 35750 34807 34027 33326 32510 31793 30513 28635 Weekly: Supply > Demand high vol down bar = possible weakness Daily: UT + down bar + High vol up bar close off high = minor weakness H4: UT + UT + ND = weakness Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
DowJones Targeting A 34000 TestTechnical & Trade View Dow Jones (emini futures continuous contract) Bias: Intraday Bullish Above Bearish below 32200 Technicals Intraday 32200 is primary support Primary pattern objective is 34000 Acceptance above 33050 next pattern confirmation Failure below 32200 opens a test of 31900 20 Day VWAP bullish , 5 Day VWAP bullish Notes 33240 symmetry swing resistance long positions should be risk free if tested Headline risk FOMC decision Prefer to play bullish reversal patterns at support on H4/H1 timeframes
CBOT_MINI:YM1!Long
by Tickmill
DOW JONES biggest monthly rally since 1976! Bear Market over?The Dow Jones Industrial Average (DJI) closed the October with its biggest monthly gain since January 1976, rising by +14%! The huge green monthly candle suceeded at (marginally) breaking and closing above the 1M MA10 (blue trend-line) for the first time since January 2022, which was the All Time High and practically the start of the current inflation led Bear Cycle. At the same time, the 1M RSI is close to testing its MA. Just to have some perspective, the previous Bear Cycle of the 2008/09 Housing Crisis, never saw a 1M candle break above the 1M MA10 nor the 1M RSI break or simply come that close to its MA. Can a break above it signal the end of the current Bear Market? A break above the 1M MA20 (green trend-line) should practically confirm it. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJI
by TradingShot
3
MYM Showing Signs of Bull Trap | Market Structure"Show me the weekly charts and I'll show you the news" For MYM/ Dow Jones we have a clear market structure being formed with lower highs and lower lows with a distinct trend line. There is still bearish news with inflation until December at least for the feds, the market is showing signs that we are preparing to go short for the next month or so. If we close Friday with a wick on the weekly, prepare to enjoy some nice trends that shall sink like the Titanic over the next few weeks.
CBOT_MINI:MYM1!Short
by EarnWithTodd
DOW JONES on an aggressive rally towards the 1D MA200!It was 2 weeks ago when we made a case for a medium-term buy on the Dow Jones index (DJI), against popular belief, as we had early signs that the index made a June 17 type bottom and was about to repeat the June-Aug rebound: Our view has been confirmed so far and following the 1D RSI break above the Lower Highs and the 1D MACD Bullish Cross, the rally broke above the 1D MA50 (red trend-line) with ease and is headed towards the 1D MA200 (grey trend-line). Today's analysis is on the 4H time-frame, in order to get a more detailed look on the short-term. We see that Dow Jones has already formed the 4H Golden Cross (when the 4H MA50 (blue trend-line) crosses above the 4H MA200 (orange trend-line)) that comes when the price breaks above the 1D MA50. At the same time, the price has already broken inside the volatility zone of the 0.5 - 0.618 Fibonacci retracement levels. Based on the previous fractal, we could see a week of sideways price action before Dow targets the rejection zone (and the medium-term target) within the 1D MA200 (grey trend-line) and the 1D MA300 (yellow trend-line). For comparison purposes in order to get a better understanding of Dow's proportionate position compared to the previous rebounds, we've plotted all rebound sequences on top of another (Black line = Feb 24 - March 22, Grey line = June 17 - August 16 and Green line = October 02 - today). Though not 100% correlated, it is obvious that there is a high degree of convergence among all three sequences. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
5
DOW JONES Repeating the July bullish fractal. Still time to buy!It was just 10 days ago when we made a case for a medium-term buy on the Dow Jones index (DJI), against popular belief, as we had early signs that the index made a June 17 type bottom and was about to repeat the June-Aug rebound: Our view has been confirmed so far and following the 1D RSI break above the Lower Highs and the 1D MACD Bullish Cross, the price quickly has come a few clicks away from the 1D MA50 (red trend-line). Today's analysis is on the 4H time-frame, in order to get a more detailed look on the short-term. We see that Dow Jones has already broken above both the 4H MA200 (orange trend-line) and the 4H MA50 (blue trend-line) which is supporting currently. Based on the 1D RSI it seems that we are still in the early stages of this uptrend to a Lower High (at least). The 4H Golden Cross (MA50 above MA200) hasn't formed yet and in order to get a better understanding of Dow's analogous position compared to July, I've plotted the June-July sequence on today's price action (black line). As you see, based on that, the 1D MA50 break should come by next week's end (the earliest), though of course this isn't absolute as even though similar, the current price action hasn't followed the exact pattern of June-July. Above the 1D MA50, the next volatility zone should be within the 0.5 - 0.618 Fibonacci retracement levels, making way for the rejection zone (and the medium-term target) within the 1D MA200 (grey trend-line) and the 1D MA300 (yellow trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
4
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
DOW JONES RSI and MACD patterns hint to a June-Aug like rebound.The Dow Jones Industrial Average (DJI) has been highly volatile today following a two day selling sequence on last week's closing. Following the NFP on Friday, the market is entering the anticipation mode over this week's CPI report, which is crucial on the Fed's rate policy. Amidst this high volatility we have spotted a recurring pattern, which has been previously bullish on the medium-term during this year's Bear Market. As you see, every time the MACD formed a Bullish Cross while the RSI (both on the 1D time-frame) bounced on its Oversold Zone and made a Lower High, Dow formed a temporary Low and started a 2-month rebound. During the June - August rebound, the index reached as High as the 0.786 Fibonacci retracement level before getting heavily rejected on the 1D MA300 (yellow trend-line). As a result, as long as last week's Support holds, we are expecting a medium-term rebound towards at least the upper Fib levels and the 1D MA200 (orange trend-line). Short-term traders can target the 1D MA50 (blue trend-line). Remember this doesn't constitute a long-term trend change, which remains bearish. In order to see the sentiment reverse to bullish, we should see at least a closing above the 1D MA300. A closing below last week's Support, should invalidate the medium-term pattern and instead extend the selling all the way to this Bear Market's Lower Lows trend-line at least. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
3
/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