YM1
US30- Dow Jones- YM1! - H1 - Intraday Analysis -US30- Dow Jones- YM1! - H1 - Intraday Analysis - BUY
We had our Breakout of the Parallel Channel on the H4 & H1 chart.
This shows us the strength of the Bulls that are now in place until we reintegrate our Parallel Channel.
Now we are waiting for a Pullback on the 0.786 Fibonacci Level to consider to enter long.
Our target will be the 1.272 Fibonacci Level @ 25440
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Entry: 24460.00 | Stoploss: 24290.00 | Takeprofit1: 24850.00 | Takeprofit2: 25440.00 |
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Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
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Time to Short ES and YMMarket needed to rally today so that we can get short setups. We have two halfway back short setups here. Selling off from the Weekly. But, Trend changes require this usually require the larger HWB. Basically, I am a seller up here in the sell zone between 2856 - 2883.
Dow Jones - YM1! - SHORT - H4Dow Jones - YM1! - SHORT - H4
Wait for a Pullback to SELL
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Entry: 23475 | Stoploss: 23950 | Takeprofit1: 22500 |
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Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell.
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Resell YM Short after some Bullish Short Term ActionBeautiful Sell of YM (Dow Jones Index) futures at the 50-61.8 Fibonacci Zones during the last few days. Now, a retracement is needed to the new sell zone. So, expect bullish action back up to new 50%.
Today's end of session selloff triggered my sell signal for SPYI am trying a new combination of indicators on my TOS platform for swing trading. Right now it reads RED/Bearish for SPY and DIA but not yet for QQQ. It will be confirmed at the open tomorrow. I will let you know. When I back test this indicator, it seems pretty reliable. Let's track it in the next few weeks...
The above are for education and entertainment only. They must not be interpreted as investment advice nor recommendations. Trade at your own risk and mostly, trade safely and keep safe!
Update Dow future THis what I predict to dow. still there a one advance and the whole correction is flat.
Stock Markets Like to Double Top - Awaiting Secondary Top in ESI have been wrong. My timing is a bit early. The key here is to just trade what the market gives you, basically, continued up moves as it tries for a double top. This week should see the culmination of this short-term uptrend as we get a secondary double top and can begin a summer decline in earnest.
Is it a case of "Sell in May and go away!" ? If today sees a week session, I would think we might be in a case of "Sell in May and go away!"
The market gaped up last night but the job reports coming out at 8:30 will be telling a lot as to what direction the market may take in the next few days!
YM1! - Dow Jones - H1 - Head and Shoulders PatternYM1! - Dow Jones - H1
Wait for a Pullback and SELL on the 0.50 Fibonacci Level @ 24200$
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Entry: 24200 | Stoploss: 24325 | Takeprofit1: 23825 | Takeprofit2: 23600
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Piercing of 15 Min DownTrend 61.8% Line - Sell ES & YM on BounceMarkets move counter intuitively . . . The best lesson I ever recieved from a market watcher was when a daily or 15 minute trend pierces the 61.8% line. At some point, it’s only a matter of time, where that whole move will the retraced, in order to provide the opposite part with it’s owntest, that in turn, they will need to respond too. We had a minor selloff over the last week and half. That was responded to by the bulls, who have put together a good run from the lows. However, in early morning Asian action, we have pierced this 61.8% downtrend fib line. So, I’m calling my shot here. This market will reverse and will have to endure undergo it’s own retracement, testing the resolve of bulls in the face the highest unemployment numbers this country (world) has ever seen. The market is priced even more perfect than before, with earnings so uncertain, and stocks just ever so slightly down 15-17%, Nasdaq back to break even on the year, there is no way to justify any of this. So, mark it down. Sell now.
Another chance to sell ES and YM here. Deadcat bounce is Over!This brief break into highs during lunch hower should be faded. Same setup at the high end of resistance. Play for the Gigantic fall.
Many suggestion for DowI make the chart somehow complicated to be open to all available scenarios. Spend some time with these charts and if you have comments leave it below.
EUROPE wanted their chance to short ES overnight The 50% HWB short still held and was retested in Europe. Markets double top for a few reasons, not the least of which is that Europe wants their chance to sell major tops. Overnight, they took it up to the 2888 level. I expect that level to hold as we begin to sell in earnest today.
Did you seriously miss this triangle!Well, I do.
The technical analysis has many methods that could be followed to make money. Sometimes emotionally you attract to one method than others and here is the problem. I tried several times to use Elliot waves solely even if traditional classical analysis such as chart patterns are very clear. This triangle of them.
