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YM1

DJI Bear ScenarioAt this point, it's very obvious that the market is all about futures trading, intraday patterns don't follow through the next day, the gaps have gone the exact opposite direction of afternoon trading the past few days. I don't think the market does it's next leg down until MFI gets overbought, the usual pump and dump. CHart pattern suggests a gap fill tomorrow, then it's all about the Fed. Could be a non-event like Dec or they can tank the market. We'll find out tomorrow.
CBOT_MINI:YM1!
by hungry_hippo
2
Dow Jones: Update on the short term price action.Following Trump's phase 1 trade deal tweets, DJI rose but the uptrend stopped on the Higher High (bold black) trend line on the 4H chart. With 4H technicals turning neutral (RSI = 56.131, MACD = 85.700, Highs/Lows = 0.0000), this may be an early signal that today's High may deliver a rejection. How far can that go? The previous two Higher Highs delivered a rejection of -1.50% and -3.00% respectively. The sequence can be either 1.50% lower on every rejection or double the decline of the previous one. Assuming it is the first, more moderate scenario, the potential drop goes as low as the first two symmetrical Support levels: 27,110 and 26,915. It is important to mention at this point that even though Dow Jones is making Higher Highs on that pattern since November 19th, the RSI sequence on 4H is actually bearish on Lower Highs indicating weakness. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
TVC:DJIShort
by InvestingScope
1
Dow Jones: 4H Death Cross. Potential minor or major pull back.Dow Jones futures have so far failed to recover the 28,200 All Time High and has turned neutral on 1D (ADX = 17.288, CCI = 8.0129, Highs/Lows = 0.0000). On the 4H chart we see a Death Cross formation emerging (MA50 crossing below the MA200). Within the monthly Channel Up we've been trading in for the majority of 2019, every time a 4H Death Cross emerged, the index gave 2 major pull backs (May, August) and 1 minor (October). Given the fact that the major pull backs took place after tops on the Higher High zone (red color) and DJI marginally touched that region on the 28,200 High, we assume that the current pull back will be a major one (around -7%). The Target Zone on this one is 26,600 - 26,180. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CBOT_MINI:YM1!Short
by InvestingScope
What if the markets were surprised ... !!??Everybody expects the FED to lower rates by 25 bp this week. But ... : - The markets are near all time high - China US are talking - Brexit is almost surely pushed Ok some indicators are softening but with uncertainty lower (still very present but lower) what if they would decide to pause instead? That would be highly unexpected and that would create a nice reaction to the down side in the markets. If the FED lowers rates by 25bp, the reaction will be minimal because it is already priced in with 97% certainty. It is the surprise effect of leaving the rates unchanged that could be interesting this week! I am not saying it will happen, but what if...? This is not a trading advice. Just an idea...
SP:SPXShort
by adventurous51
Dow Jones: Channel Up turned into a Triangle.Dow Jones is extending the rebound on the Higher Low made yesterday on the 1W Channel Up (RSI = 51.067, MACD = 249.310, Highs/Lows = 0.0000) after the Nonfarm Payrolls missed the forecast today. This fundamentally bullish for the stock index (Fed and rate cut outlook). Technically the 1W Channel Up failed to make a Higher High last month so the medium term overlay can turn into a Triangle. Thus we revise our target on a Lower High at 27,200. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
DJ:DJILong
by InvestingScope
5
$DIA $DJI $DJIA $DJ_F - Dow Testing Key Monthly ResistanceAs market volatility has died down in recent sessions, off the back of calming geopolitical tensions in Hong Kong, as well as between US-China, it appears that the $DJI has broken out of its "Channel" formation and is moving higher. Given this move, the $DJI is trying to make a run for 26,876 - a Key Monthly Resistance Level (Blue) for the index. One thing to lend support to the $DJI move higher has been the fact that its RSI is showing positive divergence with current price action. If the $DJI can successfully "Breach and Close" above 26,876, it would be a good sign for the market. Investors should watch this space.
CBOT_MINI:YM1!Long
by EconomicsGlobal
Dow Jones - Trade the Data into NY! Eyes on Dow and risk appetite today into the NY session. It's going to be an important two days for U.S. stock investors. A slew of economic data from payrolls to services PMI figures to durable goods orders have taken on even more significance, after the unexpectedly poor reading from the ISM purchasing manager's index this week. With many investors pointing to a strong labor market as a reason for their preference for U.S. assets, traders will be particularly sensitive to the ADP employment data today and of course non-farm payrolls Friday. The ISM's gauge of factory employment fell to the lowest since March 2016, which suggests there could be pressure on manufacturing payrolls. Data-driven moves are the key today.
CBOT_MINI:YM1!
by Sam_Eder