E-mini Dow Jones ($5) Futures CBOT_MINI:​YM1!

4 has retraced slightly over 38.2% of Sub (iii) and technically can be considered complete. The futures indicates that sub (v) may have already started. My preferred count is a Truncated sub (v) for a double bottom but an alternate full count is also included. Watch the futures tonight.

sitting atop a peak on a larger down wave

The Dow is at its lst chance to rebound from rising trendline and round number support Otherwise another drop to the February lows is likely

Current Price at Posting: 25588 Directional Bias: Long Price Target: 25850+ Good Entry: 25270-25320 Risk/Reward: Max of 50 point risk / Potential Reward of 500-600 points. Trade Idea Invalidation: Hourly Candle close below 25250

DJIA is headed lower tracking investors rotation from stocks into 10yr T-bonds. I am seeing the index breaking down towards 22-21k. Oil has already shed considerably and metals are trading lower too which effects Dow Jones Industrial sectors. Technically we breached a weekly Insidebar to the downside and traded back which gives us an opportunity to get back into ...

break out of the descendent and retest, retest of the ascending now possible test of 200d sma ? making a low lower or higher than begin of 2018 ?

For all the rhetoric of crashes etc, just remember we are still in an inside month, we have gone nowhere! Trend is down on all timescales but that can all change in the next two weeks with the new month and the seasonal strength starting the timescales afresh. Don't get married to an idea. Also to note- this chart shows beautifully the importance of monthly ...

Not so sure we will visit the lows here.

same story different day

DJI rebound back to 26000 level, and come back to the bullish trend line. A gap of 200 pips is observed, it could be swing back to last point by the time DJI open market. Trading plan: Short at 26000 level (limit order), cl 26053, profit taking at 25600.

lot of bulls worried. I am sticking to my original preferred count and with Santa Rally just around the corner, I like what I am seeing.

Will be interesting to see how this plays out. Looks like a Santa rally coming?

It's possible to see price retest the highs by end of year

On the left chart (daily time frame), market profile was fixed on Dow Jones futures range between February low to October high. Trader please look at the point of control, identify as red line in the chart which indicate the most volume traded price level within the range. Coincidentally, market rebound 3 times from POC. The recent fall from 8 November high have ...

Point of control sits at 24800. We are still in a range moving between YP and YR1, with plenty of space to move either way so don't be drawn into early calls of crashes etc. We have returned and dropped below the POC which should now act as resistance. However 24200-25500 is a value area with a broad profile so strong moves both ways can occur.

Sell everything. Market still showing strong technical berish signs.

Level is found on the 30min chart at 26133-26053. Risking 80 ticks, target is 25800. RR is 3:1

The US-China trade war fears have subsided after a positive phone call between Trump and Xi yesterday. THe markets dismissed Apple's worse results and continued bidding up stocks. We're now in full recovery mode as suspected, with retail traders shorting into this rise.