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Jul 7, 2023 4:15 PM

Dow Jones Futures; YM1! – 2H 2023, 3d chart 

E-mini Dow ($5) FuturesCBOT

Description

Posting this to track the progress in the Dow Jones futures.

Currently forming a rounded top, expecting it to behave like a rising wedge. If you expect this to go bearish, don't be surprised if we get an overthrow before it breaks down. If it does breakdown, this forms a perfect double top.

If this breaks out and sustains the breakout, look to the following time periods for similar price action:
  • Q2-Q3 2018, or,
  • First half 2019

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