08:00 am: This week will be eventful. Fed is expected to remove the "patience" from its interest rate policy statement. If so, markets will expect a rate hike in Jun Fed meeting. This is likely to put pressure on the markets in the intermediate term as the expected rate hike, the first since 2006, will be perceived as a game changer.
If the above unfolds, USD...
08:17am: After yesterday’s massive short covering rally, the Dow futures are giving up some gains in the early morning trades. YMH5 is trading at 17836, 30 points lower than yesterday’s close.
USD is again strengthening and may further strengthen if the 8:30 am data release is perceived to further support US economy strength. This will put pressure on the Fed to...
Set-up for Mar 11
YMH5 futures traced a range expansion day on Mar 10. YMH5 is being controlled by an outside week bar last week. . Expecting continued weakness today especially if the 1st hour low is taken out. In the intermediate term support is at the weekly uptrend line at around 17500.
Overnight markets were bouncing with low at 17669 and high at 17733....
YMH5 futures traced an inside day on Mar 09. YMH5 is being controlled by an outside week bar last week. . Expecting continued weakness with support coming at the uptrend support line at around 17500 in the intermediate term.
Overnight markets were weak and at present YM is off about 115 points from yesterdays close to 17855.
Sh0rt below yesterday's low at...
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.......
