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YM1

DOW JONES Critical session tomorrowThe Dow Jones Industrial Average (DJI) remains within the medium-term Triangle pattern that is trading since December 16 and broke today above both the 1D MA50 (blue trend-line) and 4H MA100 (green trend-line). The two have formed a Bearish Cross and the last two times this pattern emerged was on September 12 and May 04, both Lower High rejections that led to new market Lows. The 1D RSI pattern however shows that we may already be on a market Low and if we close a 2nd straight green 1D candle (tomorrow), it invalidates all prior bearish bias. In that case, we will target again the 34300 Resistance (August 16 High) and the 34910 Resistance (December 13 High). The index turns bearish if it breaks below the 1D MA200 (orange trend-line), which made a perfect bounce on December 20. In that case we will target 31725 (Support 1) on the short and 30100 (Support 2) on the long-term. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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
YM1! US30USD DOW 2023 JAN 01 YM1! US30USD DOW 2023 JAN 01 Welcome us to 2023. Wishing you much trading success for the new year and great health! Possible scenarios: 1) Short on rejection at 34607 / 32789 2) Long if supported at 30513 / 28635 Weekly: Low vol down bar close at middle = indecisive Daily: Low vol down bar close toward high = No Supply H4: High vol up bar closed at high = demand Price reaction levels Short on Test and Reject | Long on Test and Accept 35750 35330 34605-34283 33455 32789 30513 28635 Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
DOW JONES Will it invalidate the 2022 bearish fractal?The Dow Jones Industrial Average (DJI) has been stuck within a Triangle pattern (dashed lines) since it hit and bounced on the 1D MA200 (orange trend-line) on December 20 but has a clear rejection on the 4H MA100 (green trend-line), which is the short-term Resistance. At the same time we can also see that the 1D MA300 (yellow trend-line) has also resumed its old role as a Resistance, having kept the index below it form April 22 to November 10 earlier this year. The 1D MA50 (blue trend-line) is now the pivot but technically in 2022 when it broke as Support, Dow kickstarted major sell-offs. Both on April 22 and August 28, the major sell-off were confirmed and Dow extended the selling to a new market (Lower) Low. This is however the first time since December 20 2021, so basically a whole year, that the 1D MA200 is acting as a Support. At the same time, the RSI on the 1D time-frame is more similar to the May 20 and September 27 lows. As a result we have technical proof to believe that as long as the 1D MA200 holds, Dow Jones has more probabilities to attempt a test on the 34300 former Resistance (August 16 High) and then move for the 34910 December 13 High. Closing above the 4H MA100 will confirm this move. A closing below the 1D MA200 however has more chanced of testing the 31725 (Support 1) and 30100 (Support 2) levels successively. Notice how proportional the Bottom-to-Top and Top-to-Bottom sequences have been since the February 24 Low. If the symmetry continues to hold and of course assuming Dow breaks below the 1D MA200, the next low should be around early February 2023. ------------------------------------------------------------------------------- ** 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
DOW JONES turned the 1W MA50 into Support?This is the Dow Jones Industrial Average Index (DJI) on the 1W time-frame where we look into the current 1W (weekly) candle. As you see, the index managed to turn around the mid-week negative sentiment and closed the week above the 1W MA50 (blue trend-line) and in green. Even last week's heavily bearish candle closed above the 1W MA50. Those are early signs that the former Resistance level which rejected the uptrend on August 15 (red circle), may be turning gradually into a Support. With the RSI within a Channel Up pattern, the current sequence bears similarities with the June - November 2020 fractal. As you see, that fractal also established the 1W MA50 as a Support (3 times), before making a Higher High on the trend-line and eventually breaking to a very aggressive 2021 rally to the All Time High. As a result, as long as Dow manages to close above the 1W MA50, we will be expecting a Higher High near the 0.786 Fibonacci extension (35000). A closing below it though, should target the lower Fibonacci levels successively. ------------------------------------------------------------------------------- ** 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:DJILong
by TradingShot
2
DOW JONES Similarities with Dotcom crash. 1M MA50 is the key.The Dow Jones Industrial Average (DJI) is trading on a red December candle, following the extreme rise since October that broke back above both the 1M MA50 (blue trend-line) and 1W MA50 (red trend-line). The 1M MA50 seems to be the key for the uptrend as (excluding the COVID crash), is the line that keeps the multi-year uptrend intact since 2011. However, the 1M RSI sequence displays a lot of similarities with the 2000 - 2002 Dotcom crash. As you see it also made a marginal break above the 1W MA50 after rebounding on the 1M MA50 but then corrected way more after it lost it (1M MA50) again. The red flag shows where potentially we could be at today. Notice that a similar -38.60% drop would hit or almost hit the Higher Highs trend-line since the 2000 Dotcom Bubble peak. As a result we consider the 1M MA50 as the key. A new break below it, practically confirms the extension of the 2022 correction for another year. Until that happens though, it is more likely to see the 13 year Bull Cycle continue, targeting 55k in the next 4 years. ------------------------------------------------------------------------------- ** 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
DOW JONES Can the 1st Golden Cross since Aug 2020 save the day?Yes the Dow Jones Industrial Average Index (DJI) formed a Golden Cross on the 1D time-frame (1D MA50 (blue trend-line) crossing above the 1D MA200 (orange trend-line)) for the first time since August 05 2020 (!) with the price approaching today the 1D MA50, the closest it has been since October 24. Can this provide Support and save the day for Dow preventing it from having a similar sell-off as in August - September and May - April? Well we have to look at it step by step. As long as the price closes daily above the 1D MA50, we have a positive sign that the market treats it as Support. At the same time closing above the former Lower Highs trend-line (since the January 04 High) puts additional buying pressure. That will help at forming a Megaphone pattern (green dashed lines), which can be the necessary transition tool that offers the needed pull-back on profit taking and takes the index into the new Bull Phase. At the same time keep an eye on the 1W MA50 (red trend-line), which was previously the Resistance of most of the 2022 correction and made the August 16 rejection. Prior to the 2022 correction, the 1W MA50 has been the absolute Support of the 2021 rally. If all the above keep supporting, we can expect Dow to test the 35550 (April 21 High) Resistance by the end of January. On the other hand, a closing below the 1D MA200 will most likely initiate a sell-off that will reach at least as low as the 0.618 and 0.786 Fibonacci levels, similar to what happened in September and April. Additionally, the RSI on the 1W time-frame got rejected on the Higher Highs trend-line that since February has caught all major peaks. It can be used as a very effective buy indicator as well as its Higher Lows trend-line has also caught all major Lows since May 23. On a side-note, this 1W RSI Channel Up can be a major bullish divergence signifying the trend change to long-term bullish. ------------------------------------------------------------------------------- ** 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
3
DOW JONES Has the narrative changed to bullish?The Dow Jones Industrial Average (DJI) has entered into a new short-term pattern on the 4H time-frame, a Bullish Megaphone. The 4H MA100 (green trend-line) is the pivot right in the middle of it and the short-term Support is the 1D MA300 (yellow trend-line), once a long-term Resistance which rejected the previous High on August 16. Almost two months ago with our October 20 analysis, we argued why the trend has changed to bullish and if Dow broke above the 1D MA300, it would restore it on the long-term as well: Is that still the case? In our view yes, especially when we see formerly bearish patterns on the 1D RSI and MACD indicators, turned to bullish. As you see we are at a point on the 1D RSI (blue circle) where the price was already below the 1D MA50 (blue trend-line) on April 26 and with the 4H MA100 as the Resistance was trending downwards. Same with the 1D MACD, which is so far ignoring the Bearish Cross. So instead of those indicators turning the price bearish, we are above the 1D MA300 and the 1D MA200 (orange trend-line) within a Bullish Megaphone. The once bearish narrative seems to have changed to bullish. So what now? The 1D Golden Cross (MA50 crossing above the MA200) is the first such bullish formation since August 05 2020, back in the period when Dow Jones was recovering from the COVID pandemic crash. This means that as long as the 1D MA50/200 Support, we can buy the pull-backs and gradually target new Highs. Our next target is the 35550 (April 21 High) Resistance. Only break below the 1D MA50 and subsequent rejection upon testing it as a Resistance, will be a bearish signal, potentially going all the way back to 29000. ------------------------------------------------------------------------------- ** 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
8
E-mini Dow Jones ( YM1! ), H4 Potential for Bullish ContinuationTitle: E-mini Dow Jones Futures ( YM1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 34707 Pivot: 34199 Support: 33675 Preferred case: Looking at the H4 chart, my overall bias for YM1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly head up towards the resistance at 34707, where the previous swing high is. Alternative scenario: Price could head back down to retest the pivot at 34199, where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
CBOT_MINI:YM1!Long
by Genesiv
The Entry - Sell Today, we will do a few case studies on how we can make a market entry, this technique can be applied both the long-term or the short-term trades. Today’s content: 1. 25 Nov 21 - Entry signal to short (transiting into today’s bear) 2. 13 Oct 22 - Entry signal to go long (for this bear rebound) 3. Today – Entry signal – Sell If you have been following, today’s is the 5th tutorial in our Trading Series: 1. “The buy strategy” 2. “The sell strategy” 3. “Developing long & short-term view” 4. “Choosing between the time frame” 5. “The entry” E-Mini Dow Jones Futures Minimum fluctuation 1 point = $5 10 points = $50 100 points = $500 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CBOT_MINI:YM1!Short
by konhow
5
US30USD YM1! DOW 2022 Dec 12 US30USD YM1! DOW 2022 Dec 12 Scenario3 Long at 33800 and Scenario1 short @ 34246 were fruitful. This shows the importance of waiting for price reaction at the price levels. I'll be off trading for the holiday season, see you in 2023. Possible scenarios: 1) Have a good break and return in 2023 2) Short on rejection at 34607 / 33455 3) Long if supported at 33455 Price reaction levels Short on Test and Reject | Long on Test and Accept 35750 35330 34605-34283 33455 31848 30513 28635 Weekly: Ave vol down bar close off low = minor weakness H4: Supply observed Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
money rotations,"the dow bones, the og index has already shown us what the market is about to do. those who know, shall prosper, those who don't will be left behind in the winds." --- i'm theorizing that all the dow money is going to rotate into big tech, small caps, and the spx500 in the next 3-4 months. it's more probable for the dow to just chop while everything else runs up big time. don't get caught in the distribution phase, seek opportunity elsewhere. --- dow bones, expanded flat target sits between 36.1~36.8k. --- happy holidays ♥
CBOT_MINI:YM1!
by notoriousbids
DOW JONES ready to rally! Inflation peaked on a 100 year line!The Dow Jones index (DJI) has been on an enormous rise since late September that even made a Higher High above the 2022 descending Resistance. With inflation being the main catalyst of this 2022 correction, it should come as no surprise that when it normalizes, the index can start seeing growth again. Well on July the Inflation Rate (USIRYY) got rejected on its most important Resistance level, the Lower Highs trend-line that has been in place since May 1920! This 100 year old trend-line has had another 2 rejections on inflationary peaks (February 1947 and March 1980). As this chart shows, every inflation drop from a Lower Highs peak was followed by a multi-year rally on Dow Jones, essentially a new expansion period. An exception parhaps was May 1920 when DJI continued to fall for another year, despite a massive correction on Inflation. As a result, if this Inflation rejection is sustainable and is the start of a major correction, it is more likely to see the stock market rally and enter a new period of growth. What do you think? ------------------------------------------------------------------------------- ** 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:DJILong
by TradingShot
7
S&P500 Will Dow's Golden Cross be a life saver for S&P?The S&P500 got rejected just above the 1D MA200 on the Lower Highs Resistance holding since Jan 2022. Contrary to that, Dow Jones not only has broken above its Lower Highs Resistance since Nov 10th but also made a Higher High above the August High, before getting rejected. With a Golden Cross emerging on the 1D chart, Dow has high chances of bouncing on the former (Lower Highs) Resistance and establish it as a Support. This can be just whar the S&P500 needs to kick start its rally that breaks above almost a full year of Lower Highs. Will it succeed? Follow us, like the idea and leave a comment below!!
TVC:SPX
by TheCryptagon
2
DOW JONES most likely topped at least short-termIt has been almost 6 weeks since Dow Jones (DJI) broke above the top (Lower Highs trend-line) of the Bearish Megaphone pattern that it has been trading in since the start of the year and the beginning of the 2022 correction. At the same time it broke above the 1D MA300 (yellow trend-line), which as we've mentioned numerous times was the barrier for a long-term bullish trend restoration: As the price was basically rejected on the 34300 Resistance 1 (August 16 High), we can argue that the October - November rally has come to an end, with the price breaking below the Rising Wedge, while also the MACD on the 1D time-frame completed a Bearish Cross (red arrows). Unlike the previous counter trend rallies within the Bearish Megaphone, this time we may have the luxury to expect only a short-term pull-back, and not a new long-term selling sequence to a new market low. As you see, we were correct for calling the area within the 34300 Resistance and the top (Lower Highs trend-line) of the former Bearish Megaphone, a 'No trade Zone'. A potential Support (and bounce point) can be that Lower Highs trend-line itself and if broken, the 1D MA50 (blue trend-line), which is traditionally the first Support during long-term uptrends. All this of course, assuming that the 4H MA100 (green trend-line), which is supporting now, breaks. If not, we can see one last attempt to break and close above Resistance 1 (34300) and target Resistance 2 (35550). On a side note, see how the 1D RSI has been printing a Top formation similar to late March - early April. Also the November 25 top came exactly 234 days after the October 02 Low, which is symmetrical to February - April. ------------------------------------------------------------------------------- ** 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
1
US30USD YM1! DOW 2022 NOV 28 US30USD YM1! DOW 2022 NOV 28 Scenario1 continuation long was in place from Nov 07's analysis. Weakness are appearing on all timeframes. Tighten stops on long positions. Volume was thin due to US holidays. Expected to remain thin as year end approaches. Possible scenarios: 1) Temporary short if 34246-33800 is rejected 2) Stay out of market since volume is thin 3) Continuation long if 34246-33800 is supported Price reaction levels Short on Test and Reject | Long on Test and Accept 35750 35330 34246-33800 33106 31793 30513 28635 Weekly: ND on uptrend = minor weakenss Daily: Declining volume + narrow spreads = weakness H4: Supply observed Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
DOW JONES doing what it has always done through history. Rising.This is the Dow Jones Industrial Average Index (DJI) on the log scale since the great depression of the 1930s. A lot of talk is being done lately on whether or not this recent rally is sustainable, or if the high inflation can cause a deeper correction etc. In order to put things into perspective it is always useful to look into the longer term charts, preferably on a multi-year horizon. This is on the 1M (monthly) time-frame where we've applied the Fibonacci Channel and its retracement levels on this 90 year price action. It is easy to realize that the Fibonacci levels have historically created zones of Support and Resistance. Right now, and despite the 2022 correction (Bear Market), Dow is within the 0.5 - 0.618 Fib, which is part of the larger 0.382 - 0.618 Fib Zone, which we call "Healthy Bull Zone" as when the index stays within it, it tends to rise on healthy growth levels. To make things more interesting, Dow's early January top (All Time High) and subsequent rejection was made exactly on the 0.618 Fib. It shouldn't be a surprise that the recent October low and the subsequent rebound was made on the 0.5 Fib. This is a Support trend-line that 2017 only broke once during the 2020 COVID crash (which remarkably touched the 0.382 Fib and rebounded). In this 5 years Dow has been rising sustainably within this tight top half of the Healthy Bull Zone. In fact, when the index trades within two levels tightly, it tends to do so for a very long time. Such periods are indicated by the blue ellipse patterns and besides the 2017 - 2022 one, we can see another 6 major periods. As a result we can argue that right now Dow Jones is doing "what it always done through history" and that is rise sustainably within a tight Fibonacci zone long-term. This makes the index as bullish as it ever was. Some added facts on this Channel. As you see we've categorized the zones based on the likely outcome they can provide. Next to the Healthy Bull Zone we see the Oversold (0.382 - 0.236 Fib) and Overbought (0.618 - 0.786 Fib) Zones, which is where the index presents a rare buy and sell opportunity respectively. In fact the 2008 Housing Crisis put us in an oversold position most recently and before that it was the 1987 Black Monday event. At the top of the Channel we have the 0.786 - 1.0 Fib 'Collapse Zone', where a mega collapse event is likely, and the index has only been there at the height of trading before the Great Depression. At the bottom of the Channel we have the 0.236 - 0.0 Fib 'Once in a life time buy opportunity Zone', which as you can imagine is the extremely oversold region where Dow has historically been the most attractive level to buy. The very bottom (March 2009) of the Housing Crisis marginally pierced through and before that (again marginally) the 1987 Black Monday. ** It is worth noting that from 1974 to 1986, the market traded almost entirely within this extremely oversold Fib zone. It was when the U.S. were ravaged by extremely high inflation levels (aftermath of the Vietnam war among others), with many sceptics today comparing the present day to that era. ------------------------------------------------------------------------------- ** 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
6