Some NQ LovingDirectional Bias: Long
Price Target: 7140-7160
Good Entry: 6840-6860
Risk/Reward: Max Risk of 30 points/Potential Reward of 250-300 points
Trade invalidates on a close below 6825 on the hourly candles.
YM1
Dow Jones - Short-Term trend pushes higher on Trump/Xi commentsThe US-China trade war fears have subsided after a positive phone call between Trump and Xi yesterday. THe markets dismissed Apple's worse results and continued bidding up stocks.
We're now in full recovery mode as suspected, with retail traders shorting into this rise.
Dow Jones Elliott Wave View: Correction CompletedHello Traders,
YM short-term Elliott wave view suggests that a bounce to 25845 high ended red wave “b”. Down from there, red wave “c” unfolded as ending diagonal structure i.e lesser degree cycles within black wave ((1)), ((3)) & ((5)) also unfolded in 3 swings structure. Where black wave ((1)) ended at 25220 low as zigzag structure. Up from there, a bounce to 25594 high ended black wave ((2)). Below from there, black wave ((3)) ended at 24515 low in another 3 swings.
Above from there, a bounce to 25075 high ended black wave ((4)) bounce. Then finally a decline to 24089 low ended black wave ((5)), which also completed cycle red wave “c” & blue wave (IV) pullback. Up from there, the index made a strong bounce higher & broke the pivot from 25845 thus suggests that the next leg higher in blue wave (V) could have started. Near-term, while dips remain above 24089 low the index is expected to resume the upside. But a break above 26962 10/03/2018 peak remains to be seen for final conviction of this bullish view & to avoid double correction lower in bluee wave (IV) pullback. We don’t like selling it.
YM ThursdayAs described yesterday, the buyers came in strong out of support areas at ~24100. Price broke through the 25000 level and created a new structure high by breaking the last highs as well. In the more immediate order flow price created a 1 to 1 to the upside reaching 25300. Price corrected strong and broke the immediate structure at ~25070. I am expecting price to correct a little more to the downside overall and a possible sell at a 1 to 1 completion - D-sell at ~25233.
Dow Jones - Short-term momentum shifting higherPositive signs from the Dow as we overtook 25000 yesterday. We still need to clear the 25300/400 zone which is
holding the market down still, but we have definitely stabilized now and fears of a crash are gone (for the moment).
We may see some consolidation now ahead of the US Mid-Term elections on Nov. 6th.
YM Wednesday - Buyers are coming inPrice tried to trade lower to create a new structure low and to retest the support levels at ~24209 and futher down at ~23980. While waiting for yesterday's sell, I was expecting a rotation and a short-entry between the 50% and 61.8% Fib Correction. After the sellers came in around there to correct weak, buyers dominated and traded price higher creating immediate new structure highs. Looking at the harmonics, price extended a 1 to 1 target in the immediate order flow and traded above areas of good selling structure. The sellers did not show up and look weak compared to the buyers momentum right now. Let's see if price breaks through the last high and resistance levels at ~25000. Still flat for now.
Buy My DowDirectional Bias: Long
Price Target: 25300+
Good Entry: 24500-24600
Risk/Reward: Max Risk of 125 Points, Potential Reward of 700-800 points
YM Tuesday - Still looking for ShortsAfter an extended 1 to 1 completion (yesterday's short) we reached strong areas of support (blue lines - my weekly analysis) where the buyers need to show up. Since the last high that price made is not being taken out, I am still looking for shorts. Price is correcting right now. Unsure about the correction this time, but I am expecting it to happen between the 50 and 61.8 Fib Correction, also in line with price structure. Just look at structure to the left where the sellers have their territory to come in.
Check my higher time frame analysis as well.
*DISCLAIMER: Futures , stocks and options trading involves substantial risk of loss and is not suitable for every investor.
None of the content published on this account constitutes a recommendation for investing your money. Trading is at your own risk.
YM Weekly (Technical) Analysis YM still bearish - The buyers came in good at ~25200. The sellers still dominated though and traded below those levels. Expecting price to create new structure lows and retesting support levels at ~24200 and ~23980 - (blue lines). Nice harmonics in play, also in the immediate order flow.
Check my analysis for the more immediate order flow.
**DISCLAIMER: Futures , stocks and options trading involves substantial risk of loss and is not suitable for every investor.
None of the content published on this account constitutes a recommendation for investing your money. Trading is at your own risk.
Dow Jones - Key levels to watchInvestors are showing much nervousness ahead of the US Mid-Term Elections. Sources report the Democrats are so vindictive that they intend to reverse everything and anything that Trump has done, independently from the costs to the economy.
Downside remains intact despite the short-term consolidation we're seeing. Only a close above Thursday's high/25040 will release some pressure.
We may push lower into the week of Nov 5th, and the next key supports are 24400, 24000, 23100/200.
Dow Jones - Negative Bias still in Play US elections are keeping investors nervous. The Dow remains a sell on rallies for now,
but volatility will continue to be intense.
Dow Jones - More Down Side Ahead11 Oct could be a day to remember(refer to post "Dow Jones Fibonacci Time"), Dow fall almost 1000 points in a single day and still dropping. In 4 trading days, Dow have dropped 6.52% at the time of this post from historical high.
The current price structure in daily chart are not favorable to stocks investors, first 3 Oct all time high was not sustainable and price quickly retraced. Market seems like forming a "double top" like formation, but not symmetrically align with classic double top. With this formation, crucial support could be seen on neckline or previous low 23088.
On the right char (2 hours chart), the current price is trading below 9 multiples golden ratio 25446 and heading to 10 multiples 24507 770 points of room from now. If price continue to swing lower, next projection target at 22987 , which align with the daily "double top neckline".
The above analysis will be violate if price form higher high structure.
UPD: $DJIA Possible C&H, PO at 22,900Has to break below current fresh minor demand zone first $YM_F, $DIA
Dow Jones - Volatile Action Requires CautionWith nervous investors ahead of the US elections, the recovery hasn't been as swift or clean as expected.
Caution is warranted.
Dow Jones - Short-Term Trend turns UpBuyers returned in the major equity indices yesterday and we expect higher prices still.
Dow Jones - Short-Term Range conditions continueDow is currently neutral in it's short-term range. It can really go both ways from here, so the break is the key to the next move.
Dow, FKLI & Hang Seng - The 50% RetracementThe sharp declined in indexes market have not make significant come back yet since 11 Oct.
The 3 charts plotted in 60 minitues time frame. From the left
- Dow declined 7.6% from the peak, and rebound to 50% ratracement ( 25510) and trade below.
- FKLI declined 6.7% from the peak, and rebound to slightly higher than 50% ratracement (1738) and retraced.
- Hang Seng declined 10.5% from the recent peak, among the worst performing market, and rebound to 50% ratracement (25775) and trade below.
The current price structure in correction stage with no indication of bullish yet.
Dow - Short-Term Range is KeyShort-term range barriers help in gauging the next move. Wait for a break before acting.
Keep a tight watch on trades these days...headline risk is increasing.
YM - Sell-off Overdone?The Dow bounced a very clear support zone yesterday and we have bounced all the way towards yesterday's highs.
This is a sign of strength and perhaps it's time to start looking to get long on dips - cautiously of course.
Dow - Heading 27000Yesterday correction end at 50% retracement level, and the rebound hit new high eventually. And this time, price trading able to sustain and trading above Dow continue its rally with higher high. the next projection target at 27000 (see confluence zone)
Dow - Heading 27000Yesterday correction end at 50% retracement level, and the rebound hit new high eventually. And this time, price trading able to sustain and trading above Dow continue its rally with higher high. the next projection target at 27000 (see confluence zone)
Dow - Room for DownsideDow once again found resistant at Jan 2018 high 26684. Price retest this price level and quickly pull back and closed below. This doesn't reverse the bullish trend of Dow, and only suggesting price in correction after hitting historical new high.
For short term price projection, please refer to the right chart, below 26617 will see price approaching 26532 and 26395 the next. The second target suggested by fibonacci spirals will see price approach previous low also 50% retracement level of the impulsive swing.
The short term selling may come to end if price trading and sustain above 26617. Thus, trader please monitor this price level for direction indication.
Dow Jones ElliottWave Analysis: Inflection Area Called The RallyHello Traders,
Dow Jones Elliott wave view suggests that the cycle from 08/15/18 (24946) low ended at the peak of 08/29/18 (26186) in red wave 3.
Below from there, it ended the pullback in red wave 4 at 09/11/18 low (25767) and already broke to new highs confirming that the next extension higher has started.
The internals of the red wave 4 pullback unfolded as an Elliott Wave double correction which ended black wave ((w)) at 09/11/18 low (25817), black wave ((x)) pullback at 09/11/18 (26102) and finally black wave ((y)) of red wave 4 at 09/11/18 low (25767).
After breaking red wave 3 peak confirming that the next extension higher has started, it ended the short-term cycle from 09/11/18 low (25767) at the peak of 09/14/18 (26262) in black wave ((i)). Below from there it reached our equal legs extreme (blue box) towards $26061-25963 area, which was the 100%-161.8% Fibonacci extension area of blue wave (a)-(b) where it ended black wave ((ii)) pullback and also where we like to stay long with a risk free position targeting higher targets.
As long as pullbacks stay above 25767 low we expect the index to see more upside. We don’t like the selling.
