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...
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...
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...
The recent news release was bad for the US dollar.
As stocks are inversely related to the dollar, we should see a push up.
Looking for a BREAKOUT TRADE above the neutral pivot aiming for R1.
Looking for a break up out of the descending triangular pattern on the 1HR.
Jackson hole is this week and the FED will need to decide which way the market will go.
Historically, there is a rally towards the end of the year for stocks ( around the end of August ), before a drop in Christmas.
Enter with a smaller lot size to accommodate for the bigger stop size.
Short Term Elliott Wave view in Dow Futures (YM_F) suggests that cycle from 7.27.2023 high is mature and about to complete soon as 5 waves impulse. Down from 7.27.2023 high, wave ((i)) ended at 35076 and rally in wave ((ii)) ended at 35660. Index extended lower in wave ((iii)) as another impulse in lesser degree. Down from wave ((ii)), wave (i) ended at 35115 and...
if news not come, we will see up trend soon to Fino 61%
if you have old buy, must put hedge selstop in low( break low= new downtrend)
if you have old sell,you must hedge them now and wait 3 week for next trendline break to down
good luck
In this update we review the recent price action in the emini DowJones futures contract and identify action areas for the week ahead and price objectives to target
•Past performance not indicative of future results
My view and analysis for CBOT DJIA5 today is bearish and this is because the price constantly doing lower low and keep breaking the supports in low timeframe.
I just jumped in here, DOW futures. Another bullish flag ready to break out to test the 3600 zone. You can buy calls too but would to wait until session opens.
Look how the price is pushing the flag resistance, I think is going to break at any moment.
In the is update we review the recent price action in the emini DowJones action areas and price objectives for the week ahead
•Past performance not indicative of future results
Nearly a century ago, financial markets around the globe experienced a cataclysmic drop, the infamous Great Depression. Today, as we stand on the precipice of economic uncertainty, I can't help but draw parallels between the cyclical patterns of yesteryears and our current economic landscape.
Despite rising interest rates, the Consumer Price Index (CPI) remains...
very low size = put sellstop in last low possible and wait for buy above green arrow(filo 61%)
I belive main trend going to 38000 so be careful from sell, ,,,if you have old sells,you must hedge them near green arrow
good luck,wish you pick profit
