The weekly support trend broke so a daily level or trend should catch it. all levels are marked and colored by timeframe and adjusted to the greediest holds in the ranges.
The CBOT EMINI DOW JONES INDEX is showing bearish structure. An extended downside move is expected to take place after the breakout.
In this update we review the recent price action in the emini DowJones contract and identify the next high probability trading opportunity and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
Daily review for the major indexes with focus on S&P 500. Expecting volatility today around the Federal Reserve announcement at 2pm. Since the market swept liquidity at the bottom yesterday, slightly bullish tendency expected today.
Price action is key for understanding the major market bias and also for managing risk. On top of that, understanding Price Action will give a better understanding of where other traders may be trapped and will help structure your trades. In the video, I talk through the DOW Index and price action from the previous session. I look at where we were looking for...
In this update we review the recent price action in the emini DowJones futures contract and identify the next high probability trading opportunities and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
DJI on verge of breakout, no idea on external events like feds etc but if it sustained 34000 for some more time, it should touch ATH
Waiting to see what happens before I jump in if it breaks up above 34735 I’m in for a buy if below the blue line at 34599 I’m selling. The white line is the previous days daily close, it literally close in the same place it closed yesterday so that’s exciting lol .
In this update we review the recent price action in the emini DowJones futures contract and identify some high probability action areas and price objectives for the week ahead PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
A close below the level will confirm the breakout, waiting for confirmation and retest of the level to enter. USD has been strengthening lately
In this update we review the price action in the emini DowJones futures contract and identify potential action areas and price objectives for the week ahead PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
Throughout the entirety of last year, it was a period marked by bearishness, and I believe that many of us have forgotten about it. However, at the beginning of 2023, the market suddenly shifted to a bullish trend. There are three reasons attributed to the bullish trend during the first and second quarters: 1) The onset of an AI rush. 2) The apparent taming of...
Good reasons to go up and to go down. Futures like gap fills, we shall see..
The US PCE has released, and it is unchanged. Personal income is also down. What does this tell us? Inflation is slowing down, and we can also start to be confident of this new reality as the last few weeks of data have been on the downside for the US economy. As people will have less money to spend, and credit conditions worsen, the US30 should see some...
Short Dow at current sell zone level 33350-33420. Look for further breakdown to the 1.27 fib level on a 30 min time frame SL 34890 TP 33890
US30 is now retesting the STRONG support zone it broke. This zone was formed over the past few days, so I am expecting a rejection. Look to enter a BREAKOUT SHORT below the current 1HR candle. Again, DO NOT FOMO into a position now. Allow the price to reject before jumping in. Remember, aim to make good trades, protect your profits and then think about making a...
In the video I discuss the concept of Anchors in trading and how I use them in my own trading. Anchors play a major part in identifying the prime areas to trade and also in risk management when in a trade. I will discuss my prime setups and trading areas using anchors and multi-timeframe analysis. ** If you like the content then take a look at the profile to get...
DJI is at demand zone, it could be make or break level.