Support and resistance zone: 42278-42321
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(YM1! Chart)
OBV High indicator point: 42321
OBV Low indicator point: 42278
Accordingly, if it falls below 42278, it is highly likely to fall again around 4
DJIA — Setting Up for Breakout and New ImpulseThe Dow Jones Index is approaching a critical resistance zone. After a deep V-shaped recovery and clear bullish structure, price is preparing for a breakout.
Chart shows a clean long entry with a stop below the recent consolidation. A break and hold above 45,000 could lead to a move toward 46,000,
Next Week Still Bearish Bias Until Ramped Volume Taken OutThe ramped volume accumulation above the monthly open is the target for liquidity. I am going to be looking for a pullback to form the high of week and a continuation of the down move.
Next week is a short week due to the holiday. Therefore, should be a slow drift down.
This monthly bar is formin
Dow Jones Short Trade Idea 8:1 1000 tick OpportunityI am currently short Dow Jones aiming for a home run trade that I have been waiting to set up for days now.
My thesis:
Rising wedge into the 80% pullback of the Daily Doji bar
Mean Reversion around March FOMC of 41,155
Break of the support zone of 42,000
If today will be the day it engulfs
June Gameplan Rough Estimation Dow Jones Island ReversalThis is just my rough draft estimation on what I am thinking Dow Jones will do in June.
I am going to sit out the first week to gather data and let the market show its hand to me first.
I have two key levels marked using the weekly candle of April 7th.
The 80% retracement and the candle open.
Bullish Pullback End of Month BuyAfter I thought we would see a sell continuation off of the March FOMC level of 42,155, price continued bullish.
I am using Thursday and Friday's opening price as support for a pullback. 41,912-41,968
I am expecting Wednesday and Thursday to be profit taking, pullback days in an upward trending b
Weekly Outlook on Nasdaq 100, S&P 500, Dow Jones 30Expecting range bound consolidations on Index triad. High Resistance. Not expecting any further monthly highs. Want Internal Liquidity which means shorts. But the daily and the weekly are opposing each other.
Two potential GLOBEX trap plays.Potential GLOBEX trap Identified on the Dow Jones And Nasdaq Futures. Strong Area's of demand, Retracement would give a nice long set-up. Thoughts?
See all ideas
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The nearest expiration date for E-mini Dow Jones Industrial Average Index Futures (Jun 2020) is Jun 19, 2020.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell E-mini Dow Jones Industrial Average Index Futures (Jun 2020) before Jun 19, 2020.