US30USD YM1! DOW 2022 JUNE 20 Week
US30USD YM1! DOW 2022 JUNE 20 Week
Last week shorts reigned. The week ended with demand coming in to support the market.
We may see long opportunity near 29639 temporarily.
Else, wait for price reaction to 29639.
Possible scenarios considered are:
1) 29639 support fail for short continuation
2) Channel and 29639 support: Return of demand for temporary long opportunity
3) If market retrace on low volume to higher levels and is rejected = short
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32563 31299 30999
30157 29639 26212
Weekly: High vol wide spread down bar close off low = demand has come in.
Daily: High vol down bar, narrower spread and closing off low = strength - demand has come in
H4: Last 2 bars combined = UHV down bar closing in middle = Demand present
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1
SPY/SPX/ES/MES Elliot Wave AnalysisLooks like a big rally shaping up to end the month of May, but June should be a full-on bear fest, at least to start the month. Major Wave 1 down should end in the 3200 - 3500 zone. Likely, we'll rebound from there into the Fall of 2022.
Major Wave 3 will likely project down to the 1500 zone. Major Wave 5 will likely end in late Spring 2023 with target projections somewhere between 1500 - 1200 with a very real possibility of undercutting the 2009 low @ 666.
If we do undercut 666, supercycle Wave 5 up should begin, lasting 8.6 years into 2032 and reaching 50k to 100k + on the Dow Industrials. After that, it's possible the whole thing drops to zero and the shithouse goes up in flames.
Credit to Dan E. for his wave analysis and Elliot Wave International CME_MINI:ES1!
Side note - When things get super volatile, I like to trade the mini ES. Trades great with excellent liquidity.
Dow daily say : fibo 161% say dow can crash to 29000above green arrow (next posible low place) when pinbar on 1hour , 4haur or daily chart come , we must pick buy ok? but with SL in pinbar low understand ? for hold to high
if clear buy pinbar verfy not come , wait more , dont pick buy
if pinbar comes , dont fear pick buy but very low size , dont close it soon,after 80 point move SL to open price , let it go upper ,try hold it until 34000 area (can take 10 day)
personaly i think 29500(2nd green arrow) is 2022 low , then dow will start big +up trend to high
good luck , if you have old buys in witout SL you are in danger ,dow can go downer in coming hour ,for help contact my Telgram :ramin_trader2006
US30USD YM1! DOW 2022 JUNE 13 Week
US30USD YM1! DOW 2022 JUNE 13 Week
Last week we see a Scenario1 Rotation followed by Scenario3.
Market descended on strong volume, very nice short.
Possible scenarios considered are:
1) Market continue to be in rotation between 33205-32500
= Wait
2)32728 becomes support
3) 32728 becomes rejected and market return to test
30584-30926
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34807 34027 33531
33205 32563
31411 30926 30584
Weekly: Ave vol down bar close at low = Supply remains
Daily: Ave vol down bar closing toward low = Supply remains
H4: Ave vol down bar closing off low = some demand present
Remember to like and follow if you find this useful.
Have a profitable week ahead.
Dow Jones: Jack-in-the-boxOr in fact: Jones-in-the-box as Dow Jones has jumped out of the lower green zone between 32374 and 32934 points quite impulsively. Although the index could now directly continue the ascent above the resistance at 33434 points, we rather expect it to come back into the lower green zone to finish wave 4 in green – ideally at its bottom. Afterwards, Dow Jones should rise above the resistance at 33434 points and further upwards into the upper green zone between 34311 and 34823 points to complete wave 5 in green. As soon as the index has accomplished this, it should start a countermovement.
US30USD YM1! DOW 2022 JUNE 06 Week
US30USD YM1! DOW 2022 JUNE 06 Week
Last week market was in rotation between 33205-32500.
No resolution between Bulls/Bears yet.
Hopefully early week big operators will show their hand.
Possible scenarios considered are:
1) Market continue to be in rotation between 33205-32500
= Wait
2)32728 becomes support
3) 32728 becomes rejected and market return to test
30584-30926
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34807 34027 33531
33205 32728 31979
31411 30926 30584
Weekly: Low vol down bar close off low = minor strength
Daily: Ave vol down bar closing at low = minor weakness
H4: Ave vol down bar closing level with previous UHV bar =
minor strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30USD YM1! DOW 2022 MAY 30 Week US30USD YM1! DOW 2022 MAY 30 Week
Last week market returned late weekto test edge of rotation zone.
Note: Strongest demand volume observed since downtrend.
Possible scenarios considered are:
1) Test rotation and rejected, for return to lower levels
2) (a) These levels become support for long
(a) 33205 (b) 32728 (c) 31411
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34807 34027
33531 33205 32728
31411 30584
Weekly: Ave vol down bar close off low = minor strength
Daily: Ave vol up bar closing off high = minor strength
H4: High vol up bar closing at high = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30USD YM1! DOW 2022 MAY 23 Week
US30USD YM1! DOW 2022 MAY 23 Week
Last week scenario2 test and reject short was good.
Play scenarios mapped out:
1) Test and reject 32167 or supply line of channel for short
2) If market reaches 29523, wait for price reaction as
it was previous resistance turned support
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34945 34027 33066
32554 32492 32167
Weekly: Ave vol down bar close off low = minor strength
Daily: Ave vol up bar closing off high = minor strength
H4: High vol up bar closing at high = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30USD YM1! DOW 2022 MAY 16 WeekUS30USD YM1! DOW 2022 MAY 16 Week
Last week scenario1 breakdown finally happened.Friday market tested
breakdown area 32167
Play scenarios mapped out:
1) Test and reject 32167 for short opportunity
2) Test and reject 32554 for short opporutnity
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35750 35330
34945 34027 33066
32554 32492 32167
Weekly: Ave vol down bar close above middle = minor strength
Daily: Low vol down bar closing off high = weakness
H4: Low vol up bar close off high = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
Extreme Selling Event May Nearly Be Over. This chart shows how the extreme selling over the past few weeks has deleveraged/revalued the US/Global stock markets to near extreme lows.
Historically, once this indicator falls below 25, the markets appear to be near extreme capitulation of any selling event.
Obviously, extreme market trends could push this level below 25 for longer periods of time, but this is getting fairly over-extended in terms of selling after a moderate Fed rate increase and a moderate consumer pullback.
Follow my research. My longer-term models are STILL BULLISH.
Watch Crude Oil. A big breakdown in Crude would coincide with the end of a price decline - representing a devaluation of overvalued energy costs.
Pay attention.
Dow Jones: Move Yourself!Move yourself!
You always live your life,
Never thinking of the future.
Prove yourself!
You are the move you make,
Take your chances, win or loser.
See yourself!
You are the steps you take,
You and you, and that's the only way.
Shake, shake yourself!
You're every move you make,
So the story goes…
Dow Jones should listen closely to “Owner of a Lonely Heart” by Yes as the text of the first stanza is indeed in accordance with what we would encourage the index to do. After it has been given the brush-off by the resistance at 34038 points, Dow Jones has retreated deeply into the green zone between 33724 and 32519 points, even touching the white zone between 32389 and 32241 points below it to finish wave (C) in white. Now, the index should brace up and move upwards, striding across the green zone and climbing above the resistance at 34038 points. However, there is a 45% chance that Dow Jones could fail to pick itself up and could drop below the support at 32167 instead.
Dow starting to set up a floor?Hi, trading view community. Looking at the Dow Jones on the daily chart, we’re starting to see a floor being set up by buyers from 32,485. This level sits in a deeper area of demand that’s been in play since February 22nd. After a volatile week of trade, could we see buyer confidence come back into the market today?
We want to see price hold above 32,485. A close below that level maintains seller drive, with indicators like the EMA and CCI still pointing to bearish conditions. But if we can see price continue to trade above that level, could the number be with buyers at the moment?
Currently, the YM is 0.77% lower at 32,558