Entered a Short based on TD Sequential Green 9 on MYM using futures on Tastyworks. MYM 2 Contracts. Every point is a dollar. Entered at 35,607.50. I am hoping for a reversal based on the Green 9. The U.S. Government is delaying the inevitable using stimulus and false hopes of inflation being transitory. The Shipping Containers stuck at sea on the West Coast....
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MYM review as of September 24, 2021.
The MYM is striking at this time against a zone of strong resistance combining several factors:
- the moving averages...
TF: 1 Hr
Looks like it might trade down a bit, I would like to see a retest of the upper end of the trend line for a short sell. I don't particularly like shorting indices, but it looks like it has some downside potential
Appearing like we are hitting down trend on Dow futures. My targets are as follows:
Monday (12-14-20): 29830
Tuesday (12-15-20): 29770
Wednesday (12-16-20): 29718
Thursday (12-17-20): 29670
Friday (12-18-20): 29646
This down to sidewards trend is likely the scenario across markets for at least the near foreseeable future IMO.
Prepare accordingly : )
Thank you for the likes and the shares! Much Appreciated!
Strong probability of getting lots of profits in the short direction
Possibility of new range formation.