Bears Trapped at Key Support - Bulls Load for Reversal💡 To see my confluences and/or linework, Step 1: Grab chart, Step 2: Unhide Group 1 in object tree, Step 3: Hide and unhide specific confluences 📊
The Market Participant Battle:
Bears have exhausted themselves at a critical support zone (point 2 on the chart), where a set of proven market partic
About E-mini Dow Jones ($5) Futures
E-mini Dow Jones ($5) futures are derivative contracts with the Dow Jones Industrial Average (DJIA) Index as an underlying asset. These mini futures are electronically traded and give investors exposure to the US stock market through 30 US blue-chip companies, but they represent only a portion ($5) of standard Dow Jones futures, which makes them more accessible. Since these are still futures, traders use them to hedge their stock portfolios against risks that are inevitable in markets.
Related futures
Dow Jones Futures October Rangebound GameplanGoing into October, Dow Jones is in a clear 1000 tick range from 46,000 to 47,000. Because of this, I will be setting my trend following strategy aside and pulling out my range bound toolbox.
Step one when in a range, stay away from the middle. Look for swing points in the middle to be swept.
YM 9/26I boxed last week in grey so we can see last weeks high, low and median range. then I skipped to the 4hr timeframe and marked out the levels and jumped to the 15min timeframe to plot the lower timeframe levels that stood out.
4 candles create 6 levels. I don't always mark all 6 levels. I like to f
YM 9/30Levels are marked on the screen and color coded to the timeframe they were created on.
Weekly box is grey and shows the high, low and median range.
The red box is a daily high, low and median from yesterday.
Orange levels are 4hr timeframe
yellow is the hourly timeframe and blue is the 15min tim
Non Farm Payroll IdeaThis post is mostly for myself and is for s.. and giggles. I am just curious how price will play out. I do not trade News Days but analyzing the chart, I am seeing price mean reverting around 750 and is bullish. Wednesday was the low of week. I am thinking Friday pullsback and ends the week at the h
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of E-mini Dow Jones ($5) Futures is 46,810 USD — it has fallen −0.04% in the past 24 hours. Watch E-mini Dow Jones ($5) Futures price in more detail on the chart.
The volume of E-mini Dow Jones ($5) Futures is 646.00. Track more important stats on the E-mini Dow Jones ($5) Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For E-mini Dow Jones ($5) Futures this number is 79.93 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for E-mini Dow Jones ($5) Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for E-mini Dow Jones ($5) Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of E-mini Dow Jones ($5) Futures technicals for a more comprehensive analysis.