YM1!
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.
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.
US30❕ ( DOW JONES 3H Analysis ) - Bullish Continuation 🔔🔔🔔Hello Traders!
Dow Jones index for 3H Analysis show us some Price range between two white rectangle, and that what will the price continue on it until break the resistance area.
The Price will going to make a pull back and that's mean is the perfect time to buy at the previous resistance level (Current Support) presented by the lower black rectangle between $34080 - $34180.
On the weekly time frame we have a previous bullish engulfing candle, in this week also the candle show us that is the buyers still in control that what assures us of a bullish continuation for US30 next week.
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Trade Idea for US30 ( Dow Jones ) :
- Wait for a pullback movement at the Black support rectangle then buy
- TP1 AT $34870
- TP2 AT $35445
NB: The probability of what I analyzing, is to be true unless the opposite is proven
Feel free dear trader to share with me your opinion, and also your analysis & Follow me for more analysis and also keep watching
Have a nice trading
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.
Dow Jones: Just a Little Bit More 🤏Dow Jones is pressing further and further upwards and has nearly reached the resistance at 34205 points. Once the index has crossed this line, we expect it to gradually continue its ascent above the next marks at 35521 and 36446 points, which should each affirm the upwards movement. There remains a 35% chance, though, that Dow Jones could drop below 32167 points and into the magenta zone between 31292 and 29978 points first before endeavoring to rise up again.
US30USD YM1! DOW 2022 MAR 14 Week
US30USD YM1! DOW 2022 MAR 14 Week
With the break of 33087, market may next test of 32167-32427.
Preference will be to short on retracement with target to this
level.
Breach of this level will see test of lower levels.
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 down bar closing off low = some demand.
Daily: Low volume down bar closing at low = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
Dow Jones: SeesawDow Jones is currently see-sawing between the resistance at 34205 points and the support at 32167 points and seems hesitant to move forward too fast. We expect the index to move, though, namely upwards. As soon as it has effectively crossed the resistance at 34205 points, it should continue to rise above the next one at 35521 points and still further above 36446 points. However, to assert this scenario, Dow Jones must not fall below the support at 32167 points, otherwise our alternative scenario with a probability of 40% would commence. In that case, the index should make a detour through the magenta zone between 31292 and 29978 points before climbing up again.
US30USD YM1! DOW 2022 MAR 07 Week
YM1!
US30USD YM1! DOW 2022 MAR 07 Week
Last week, long from test area1 at 32672 and short from 34034 worked.
Market is in a rotation between 34034 and 33087
As such, preference to short at resistance and long at support is
preferred, until any decisive directionis shown by the market.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34968 34367 34034
33230 32672 32167
Weekly: Average volume down bar closing in middle =
undecisive
Daily: Average volume down bar closing off high = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30USD YM1! DOW 2022 FEB 28 Week
US30USD YM1! DOW 2022 FEB 28 Week
Last week's short from 34367, and late week long
on support was highly profitable.
With price pushing up on very high volume, there's a
possibility of price returning to test these high volume area,
scenarios will be:
1) Long if test area 1 is supported
2) Long if test area 2 is supported
3) Not forgetting the trend channel showing overbought,
there may be an opportunity to short if price shows rejection
at 34367 / 34034
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34968 34367 34034
33230 32672 32167
Weekly: High volume wide spread up bar closing off high =
weakness
Daily: Very high volume up bar driving demand to close above
33031 followed by average volume up bar closing near high
= strength
H4: High volume down bar closing off high = demand present.
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! down scenarioIn a contractionary monetary policy and with oil near $100.00 per barrel, businesses especially the industrial ones will face hard times to improve their earnings.
I'm giving a scenario on how the price might behave with those key prices.
always remember use proper risk management and trade size with this wild volatility.
good luck
US30USD YM1! DOW 2022 FEB 21 Week
US30USD YM1! DOW 2022 FEB 21 Week
34697 weakness provided good short .
As market approaches UHV area of bar A, possible scenarios:
1) Long if 33734 is supported
2) Long if 33031 - 33355 is supported
3) If price is resisted at black trendline and 34367 region =
short opportunity
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34968 34367 33734
33355 33031 32737
32036
Weekly: Average volume down bar closing near low = weakness
Daily: Average volume down bar closing off low showed =
demand present
H4: High volume down bar closing off high = demand present.
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30USD YM1! DOW 2022 FEB 14 Week
US30USD YM1! DOW 2022 FEB 14 Week
Last week, H4 chart showed price advancing on narrow
spread is a classic long trap. 10 and 11 Feb's short due
to this weakness worked well.
Preference is to wait for the price reaction at 34697.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35714 35311
34697 33734 33383
32737 32036
Weekly: Average volume upthrust bar closing near low
= weakness
Daily: Average volume down bar closing off low showed
some demand is present.
H4: Very high volume down bar closed higher than
previous bar = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
02-09-2022 Daily levels for Emini's Today pivot points in play for SPY are 453.73 ,444.69 and to an extent 459.77 as absolute resistance . SPY is handling the 444.69 level since past 4 days
one complex trendline is also coming into play as support . Daily MA 200D and 20D are acting as support .SPY gapped up nicely at 453.73. next stop is 459.77 . if on any negative note , it will turn offers down to 444.69 or below that . But absolutely not an inside day which is a good note for traders
Looking to see the market at open
YM Daily broke support 35293 and going up towards resistance @ 35896 AMEX:SPY
Can go LONG today , target resistance @YM
NQ has allsorts of resistance above this level. But its NQ it has the potential to travel places far out of reach 15037.25 is its immediate resistance for today which is 200 ma Daily. But actual resistance waiting at 15128 ,also make a note of 15335 level as next resistance .NQ support @14838.50
RTY , resistance at 2083.04 for today , support is far now . This is tricky. 1932 is RTY's support.
I prefer watching RTY in first place to understand the markets direction
AMEX:SPY
CBOT_MINI:YM1!
The Anatomy Of The Perfect Short Signal | YM Extreme TurnThe Dow Jones Futures Contract (YM) produced the perfect sell signal today, a one bar (30m) Extreme Turn condition.
Be sure to watch the Related Ideas post called How, When, & Where To Catch A Falling Knife Using RSI for the context, theory, and indicator logic, behind the sell signal covered in this video.
Note: The hand mouse-over cursor got a little wonky and is not positioned on the chart where I was actually recording. It's close, but still a bit off. Acceptable enough, but thought worth mentioning.
Stay Green & Trade Like You Mean It!