YM Weekly Outlook 5.23.22Percentage Outlook depending on news. We shall see if we start the week high on Monday and Tuesday then we will access.
DJIA1! trade ideas
YM - DOW INDU Buzz LightyearThe Transports do not look good.
Globally - the Baltic Dry Index appears
very poor.
Sentiment for Value?
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Bear MArket rally hats are being put on.
"Technically" it looks good according to the
"Good" or "Positive" for a CT/RT.
Have at it, enjoy the fear of no further
consequences to come... at least short term...
We'll see.
I'm certain that's incorrect.
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.
DOW daily : buy pinbar comes , dow reach red fibo 161% (seller target) in coming days ,looking for buy with SL in pinbar low with minimum tp= 32600 or 34000 , dont close it soon ok?
if pinbar low break it little can go downer , we must buy it nnear 29700 and hold it 10 day to high
goodluck
E-MINI DOW JONES ($5) FUTURESIn this case, we face very strong support and there is a high probability that he will break it hard and fall hard and we don't care about buying because he is still under the strong granny painted resistance.
YM1! - Weekly Market Update, 5/23/22Dow Futures offer us an opportunity to take a SHORT position.
I've indicated my area of entry, stop loss and target based on our settlement below support beyond 1% on a weekly basis.
There are ETF's and Options available to replicate this trade idea available to you to accommodate all styles of traders.
I've drawn channel structures of support and resistance for your review as well. The darker the color, the older the structure.
Wishing you a blessed and profitable week ahead!
Elliott Wave View: Dow Futures ($YM) Extending LowerShort Term View in Dow Futures suggest cycle from 5/5/2022 high is unfolding as a zigzag Elliott Wave structure. Down from 5/5, wave A ended at 31148 and wave B rally ended at 32695. Internal subdivision of wave B unfolded as a zigzag structure in lesser degree. Up from wave A, wave ((a)) ended at 32201, and pullback in wave ((b)) ended at 31778. Final leg higher wave ((c)) ended at 32695 which completed wave B. Index has turned lower in wave C. Potential target for wave C is 100% – 161.8% Fibonacci extension of wave A at 27950 – 29750 area.
Wave C subdivides as a 5 waves impulsive structure. Down from wave B, wave (i) ended at 32238 and rally in wave (ii) ended at 32651. Index then resumes lower and expected to complete wave (iii) soon. Then it should rally in wave (iv) and turn lower 1 more time to end wave (v) and complete wave ((i)). Afterwards, Index should rally in wave ((ii)) to correct cycle from 5/17/2022 high before the decline resumes. Near term, as far as 5/17/2022 pivot at 32695 remains intact, expect rally to fail in 3, 7, or 11 swing for further downside.
E-MINI DOW JONES ($5) FUTURESA very strong downward curve and still continues its strong rise to the lowest strong points and it is likely to see other points and support that God willing
Support and resistance on 30 min chart DOW A short target is likely to me below 31400, in the past the closing price of prior 30 min extreme bars acted as support or resistance
Dow Jones potential for a drop! | 18th May 2022On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from our 1st resistance at 32553 where the 50% Fibonacci retracement is to our 1st support at 31294 in line with the swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the 78.6% Fibonacci retracement .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Dow Jones potential for a drop! | 18th May 2022On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our 1st resistance at 32553 where the 50% Fibonacci retracement is to our 1st support at 31294 in line with the swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the 78.6% Fibonacci retracement.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Dow Jones Setting Up An Equality TestIn this update we review the recent price action in the Dow Jones futures contract and identify the next high probability trading opportunities and price objectives to target
Ahead of Bullard's speech on mini DowThis is a short term 60min Ichimoku chart of E-mini Dow M2 futures. You are seeing a decent slump followed by a massive rebound on May 13th, breaching above the Ichimoku cloud. The market remained resilient on May 16th Monday , where the ichimoku cloud switched its color (purple to green) as good supporting level implying further on upside.
I suspect however that the market will hedge it self lower ahead of many Fed officials speech on May 17th Tuesday, starting with Bullard at 8am Eastern time (21:00 TKY) and Powell at 2pm (3am 18th TKY). The market will once again test on the downside. Will see how solid this cloud is.
NK Radio
YM1! - Testing Channel Resistance 5/17Dow Futures are testing ORANGE channel resistance pre-market on 5/17. Price action appears to be reactive to this key area thus far. Keep an eye on it as it may serve as resistance for the balance of the day. If price should break through it, more importantly settle above it - that structure could then be considered as new found support. Wishing you a blessed and profitable day!
Dow Jones potential for drop! | 17th May 2022On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from our sell entry at 32602 where the 50% Fibonacci retracement is to our take profit at 31294 in line with the horizontal swing low support. Alternatively, price may break entry structure and head for our stop loss at 33250 where the 78.6% Fibonacci retracement .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Dow Jones potential for drop! | 17th May 2022On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will drop from our sell entry at 32602 where the 50% Fibonacci retracement is to our take profit at 31294 in line with the horizontal swing low support. Alternatively, price may break entry structure and head for our stop loss at 33250 where the 78.6% Fibonacci retracement.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Dow Jones Intraday Tactical Trading OpportunityIn this update, we review the recent price action in the Dow Jones futures contract and identify an intraday tactical trading opportunity and price objective to target
YM - 2 Hour DOW INDU Not a good Look Longer term.
28.200 is the Gap Fill. 24K as well.
With Financial and Industrial imploding,
the RT will be Weak at best.
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Copper and SIlver will consolidate prior to
giving the YM the kick down the stairs, the
correlations there are solid.
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Short terms, stick save followed by more dumping
ahead.
DX needs to break 107s to put the nail in the
DOW Coffin.
It's been collecting Coffin nails for some time,
YM1! - Weekly Market Update, 5/16/22Dow futures like the other major indexes have tested their BLACK channel monthly support structure and have (at least based on this past Friday's action) bounced slightly. Even if this downtrend continues, there's likely to be some relief at this point. If this past Friday was all of the relief or not, that's yet to be seen. I do not see any actionable ideas offered at this point in time on this particular index. Stay calm, disciplined and consistent - those who do will prevail. Wishing you a blessed and profitable week!
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.
Dow daily = buy pinbar comeslooking for low size buy and hold your buy until fibo 61% 33000
put SL in yesterday low , personaly i belive dow will see 33800 in next 20 day
good luck , dont close your buy soon
Showcase: Trading the e-mini Dow Jones (YM)1. Showcasing a simulation trade on e-mini Dow Jones. Price moving sideways earlier, setting the boundaries for Support & Resistance in 1 min chart.
2. I did a Long trade, looking at the price making a higher low while price and volume in 3min chart confirming this; closing on the high with higher volume.
3. Of course, there was some worry that price may move lower instead but the support and price movement on the upside seems to be strong.
4. Hit 10pts within 8 mins from Entry.
DJI short Think we have Asia strong bears coming. If we make a bear move from here I think it will be a really strong one, perhaps making the low. If it's heading into a local or swing low, typically has to be a vicious last move. We would be due fireworks.
