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YM1!

Dow Jones - Risk-Off Returning, Shorts Favoured!Risk appetite is once again sour after Trump tweeted and a Washington Post interview fuelled concerns over political pressure on the Fed and trade woes anew. The US President first tweeted that the US is put at a ‘big disadvantage’ as US rates are kept too high while others are devaluing their currencies, explicitly mentioning the EUR and CNY. Separately, Trump said that he is currently ‘holding up’ the deal between the US and China on trade, accusing China of reneging on previously agreed terms. We believe there is more pain in store for equities today, and would sell the Dow here near resistance.
CBOT_MINI:YM1!Short
by Sam_Eder
POC to VAH on DJIThis chart shows the balance zone and bell curve that has been created in the volume profile since Jan 18. This week price fell to the 18 month Point of Control and was immediately bought up to the Value Area high, forming a bullish engulfing candle as it did so. In terms of trading from here, any buying above this level is now buying out of value. Shorting at this level or higher is good value if looking for a responsive move lower, but not without an entry signal. Remember this is a longer term chart and the daily profiles are showing value moving higher every day last week. The profile also has a positive skew, in that there is much more action above the POC than below. This is people buying at higher prices as they believe that in the longer term they are buying value- bullish overall.
CBOT_MINI:YM1!
by chrisatom
Elliott Wave View: Dow Jones Future YM_F Rally Should FailShort term Elliott Wave view on Dow Jones Future (YM_F) calls for the bounce to 25952 as wave (B). This move higher is a correction to the decline from April 24, 2019 peak. In order to avoid a double correction in wave (B) and provide validity to this view, Dow Jones Future needs to break below wave ((i)) at 25215. However, technical analysis on US Sectors such as Financial (XLF), Technology (XLK), Consumer Discretionary (XLY) suggest they have broken lower. Thus, we think it’s likely that Dow Jones Futures also extends lower. Therefore, we don’t like buying the Index and expect sellers to appear in 3, 7, or 11 swing as far as pivot at 25952 peak stays intact.
CBOT_MINI:YM1!
by Elliottwave-Forecast
VWAP, Volume profile and pivots combined for day tradingAs annotated on the chart, weekly pivots combined with volume profile and VWAP bands can give high % entries. me On responsive days, VWAP bands give accurate points of entry for a move back to the current VWAP or POC. Be wise to the the of day that is developing, and use the appropriate strategy. For example on trend days do not play for responsive moves as you'll get run over. Neutral/balancing/normal days buy or sell out of value for a return to value using VWAP and pivots as a guide. Stops should be placed above or below pivots or the next VWAP band (2.5 or 3 SD). For further accuracy use the bigger picture- market and volume profile of the last few days.
CBOT_MINI:YM1!Education
by chrisatom
VWAP and volume profile combined with pivots for day tradingAs annotated on the chart, weekly pivots combined with volume profile and VWAP bands can give high % entries. On responsive days, VWAP bands give accurate points of entry for a move back to the current VWAP or POC. Be wise to the the of day that is developing, and use the appropriate strategy. For example on trend days do not play for responsive moves as you'll get run over. Neutral/balancing/normal days buy or sell out of value for a return to value using VWAP and pivots as a guide. Stops should be placed above or below pivots or the next VWAP band (2.5 or 3 SD). For further accuracy use the bigger picture- market and volume profile of the last few days.
CBOT_MINI:YM1!Education
by chrisatom
#FXinsights #cisTOPIX US$ & Real Capital Gains in MarketsFrom NEW BOOK "P.R.O Trading" by Joshua Corum in CORUM's Capitalism Theorem (+BONUS Chapter) DJIA TVC:DJI at $17420 will accumulate $6.7 TRILLION in $USD Real Capital Gains and Increase the USD$ TVC:DXY to 6.7% to 102.96 where REAL Capital Risk + Costs is ONLY 1.34%. U.S. Markets need to take these capital gains NOW! RIGHT NOW REAL US$ Capital Risk + Costs = 5.36% THIS is 5.36 PIPS per $100,000 lot in Capital Structures!!! TOO HIGH!!! See #FXinsights & #cisTOPIX ONLINE!!!
TVC:DJI
by cisTRADING