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DJIA1! trade ideas

When Relief Rally Coincided with Quad WitchingYM1! The US equity market selloff in Q1 was pretty fierce due to a confluence of reasons. Even the large-cap stocks have entered Oversold territory, as suggested by the RSI on the E-mini Dow future. Since the middle of March, the equity market experienced a typical round of relief rally, coinciding with the Quad Witching, when a large amount of derivatives expiration, order flow, and rebalancing happened. Now the Dow is far away from the Oversold level, and the previous support has become overhead resistance. The decline will likely resume as the Fed is determined to tighten financial conditions to fight inflation. Entry at 34400, stop above 35450. Targets are 32500 and 30000. Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
CBOT_MINI:YM1!Short
by inspirante
Dow Jones: Spring Feelings 🌿After finishing wave in turquoise, the Dow Jones was moving back down to complete the low of wave in our turquoise box between 34643 and 33930 points. In the upper half of this zone, the index already turned back up and is currently ranging between the turquoise box and the next resistance level at 35281 points. There is a possibility that the Dow will dip into the turquoise box once again to reach its ideal target for the turquoise wave in the middle of the zone. Regardless whether this wave has already ended, or the index returns into the turquoise box, either way afterwards we expect the course to continue the overarching upward movement. The first stop on the way to new all-time highs is the resistance at 35281 points that needs to be cleared.
CBOT_MINI:YM1!Long
by MarketIntel
US30USD YM1! DOW 2022 APR 04 Week US30USD YM1! DOW 2022 APR 04 Week Market encountered weakness and attempt for higher prices were rejected. The week ended with minor support on Friday's low. Play scenarios: 1) Rotational play between 34220 - 35330 2) Test of 34220 and supported = long opportunity 3) If 34220 is broken and resisted = short opportunity 4) Test of breakout area 33433 and supported = long opportunity. Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34945 34367 34220 33427 32492 32167 Weekly: Low vol upthrust bar closing below middle = potential weakness. (if next bar closes lower, weakness is confirmed) Daily: Average vol up bar closing above middle = strength. H4: UHV down bar followed by high volume up bar closing off high. Some support but supply still present.= minor strength Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
YM1! - Weekly Market Update, 4/4Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling). These areas indicated suggest support / resistance for the week of April 4 and either rise or fall based on their channel structure ascending or descending. Please check back for any mid-week updates. You can also follow me on my social networks and my website, all links are located below. Wishing you a profitable week ahead! Anthony Speciale
CBOT_MINI:YM1!
by SpecialeAnalysis
DJIA In long term Wave 5?Big picture view... Covid appears to have created a large expanding triangle in this historic bull run... Expanding triangles (or triangles in general) are typical in Wave 4's before the final wave 5 in elliott terms While everyone is still largely bullish and a lot of newer traders have never seen a bear market I thought it would be worth posting this chart Short to medium term it appears the tide is still rising, but we are gathering headwinds in the form of rising inflation which leads to higher interest rates which subdue or reverse growth While not bearish yet, i think it is worth noting some fibonacci projections which may be areas of interest if we get rejections with divergence around these levels as the correction may be deeper than anyone expects...
CBOT_MINI:YM1!
by dionvuletich
US30USD YM1! DOW 2022 MAR 28 Week US30USD YM1! DOW 2022 MAR 28 Week 34034 support held, and market went into rotation between 34220 - 34800. Looks like market may be building a bullish cause so that it can return into the upward channel. Play scenarios: 1) Rotational play between 34220 - 34800 2) Breakout long play if confluence of 34800 + return into channel is supported. 3) Test of 3343 play - breakdown and resisted at 34220 bottom of rotation and market may test 33433 Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34800 34367 34220 33427 32492 32167 Weekly: Low vol up bar closing off high = No demand weakness Daily: Low vol up bar closing off high, narrower spread bar on same effort = weakness H4: Ultra high vol upthrust bar closing below rotational resistance 22800, followed by up bar = some strength. Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
YM1! Weekly Market Update, 3/28Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling). These areas indicated suggest support / resistance for the week of March 28 and either rise or fall based on their channel structure ascending or descending. Please check back for any mid-week updates. You can also follow me on my social networks and my website, all links are located below. Wishing you a profitable week ahead! Anthony Speciale
CBOT_MINI:YM1!
by SpecialeAnalysis
Above below prior days range strategyWell you need to have a good understanding of the market to trade this strategy on the 1 hour chart, as risk is 1 bar you need to adjust your position size. 623% gain on the dow on a 1000$ daytrading account is not a bad performance in the last two month (but there was also 2k drawdown, that could have been avoided) Setup to trade the strategy: 1. look for trending markets crude oil performed much better than the indicies 2. its most profitable on RTH charts 3. the entry is above a bar that has a high above prior days high(or low) and a low that is below 4. the exit is a 2 bar trailing stop (initial stop below entry bar) 3 bar trailing in the morning. 5. taking profits at double tops is fine, but keep re-entering if the market makes a new high summary: strategy works in strong downtrending and uptrending markets if market moves sideway like on the 22th march, it will fail but since most trades startet in the US market session you get a hint if you can expect a sideways market. Will keep you udpated as the strategy can also be used for shorts... but not on breakdowns but with sell limit highs after a breakdown...
CBOT_MINI:YM1!Long
by responsibletrad8r
Dow Jones Weekly ForecastMy general bias is to the upside with YM leading the three markets in terms of the order flow. YM is the strongest in its relative strength, ES as usually being the middle and NQ showing to be the weakest. This of course may change once the Q1 highs will start being taken out. But for now, this is where my money allocation is going, buying the strength and selling the weakness. We have seen some buy-side imbalance being created throughout the week so I'm anticipating some retracement to indicated levels, and I will be looking at adding long positions on lower timeframes if the setups present themselves. Of course, these levels might not provide support and we might see a deeper retracement, however, these are the immediate imbalance levels that I'm anticipating to see some retracement. We'll see how it works out.
CBOT_MINI:YM1!Long
by Gerardz
US30USD YM1! DOW 2022 MAR 21 Week US30USD YM1! DOW 2022 MAR 21 Week If 34034 support holds, look for long on retracement Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34968 34367 34034 33427 32492 32167 Weekly: Average volume Up bar closing near high = strength Daily: Low volume up bar closing near high = weakness H4: Average volume up bar closing at high = strength Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677