Set-up for Mar 09:
YMH5 futures traced wide range day on Fri, Mar 06. Expecting continued weakness in the early going on the open on Mar 09.
Daily PIvot at 17942 and 5 DMA at 18038 will be the initial resistance on any bounce.
If 1st hr. hi is exceeded shorts should be closed.
For instructional purposes only.
The ym may establish a retracement. Price is currently at a 1.5 fib level along with being at the top of a channel.
If price falls, price may retrace to the pivot low ( described on the chart). Which then may lead to a sell opportunity at the 17370-17700 level, and maybe fall to a support level at the 14450 area.At the 14450 price level rests a middle channel...
Hi Everybody, here is a quick update on the recent MTPredictor TS4 buy set-up in the Dow, As you can see this has just reached its Profit target........
Volume dried up as the YM approached 18000 and the rally did not move the MACD from it's negative stance although the MACD turned in toward the signal line I think it could roll over (down).
Market Geometry like this normally results in some kind of significant move - especially when you factor in price...
and the other stock indexes, S&P500, The Russell, NYSE - all have this.
I don't need to have an opinion - all i need to do is to use a system that can leverage this condition.
I would be looking to line up at a session open... with the event of...
A few days ago, we had a MTPredictor TS3 buy setup on the Daily YM chart. With protective stops now at break-even, this is now a "free trade". So we can sit and see if this trade pans out as anticipated.......
feels like the dipped was placed 14800, provides immediate support, IF 89DEMA holds and 21vwma beings its course higher currently at 15008, we have A clear path to at least 15200/300.
For those that trade NADEX, I have a working order for 15325 swap call, bought these for $10 a piece, if 15200 is reached this should be priced around $30
that's a 3:1 return,...
