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Micro E-mini Dow Jones Industrial Average Index Futures

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MYM1! trade ideas

Update to September FOMC Support and Resistance Price LevelsUsing the high to low prices of the September FOMC, and the range expansion tool to project measured moves, prices have been forming support and resistance levels based on the ONE 8 Hour candle of when that FOMC release was at 2pm on September 18th. High: 42,415 Low: 41,855 33%: 42,230 50%: 42,135 The range expansions are of 0.5 increments. I have been using this information to make all of my trading decisions based on where is support and resistance. Have you ever wondered why price forms support and resistance? Well this is why. It revolves around FOMC.
CBOT_MINI:YM1!
by Dow_Jones_Maestro
1
Dow Jones Futures End Of Day Sell Trigger EntryA counter trend sell setup has just triggered for me and I entered in 15 minutes before Friday's close and got filled at 43,544. If you want to take this same setup, you can enter in on Sunday's open at whatever price you may get filled at. The reasoning behind this trade? Daily Timeframe Entry 1. A breakout of the 42,000 support area marked as Structural Support 2. A move higher, pause, move higher, another pause and a 1,2,3 with Friday being a small doji. This will signify a move that is coming. 3. The target is the move back into support as price is extended away at the moment. Tuesday, October 8th's low is suspended above the structural support zone and ripe for its low to be taken. My stop is 200 ticks at 43,744 My target is the support zone of about 1350 ticks or 42,050-42,100 area for a 7 to 1 trade. Price may well go back to 41,300 area as I think it might but I will cut the trade at 42,050 area and see what happens next. A 7 to 1 is still phenomenal in my eyes. Summary: I am already filled prior to market close on Friday, 10/18 at 43,544 My stop is 200 ticks at 43,744 My target right now is sitting at 42,078 This is an End of Day setup and I expect it to take anywhere from a couple of days to a couple of weeks.
CBOT_MINI:YM1!Short
by Dow_Jones_Maestro
12
S&P500, NASDAQ, & DOW JONES Weekly Outlook Oct 21The 3 Indices are in position to move higher. I am looking for buys setups, as my bias is bullish. My first targets are the PWHs, and potentially ATHs. I've included some notes on how I project bullish targets above ATH's. Tell me what you think of it in the comments section. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CBOT_MINI:YM1!Long
by RT_Money
WEEKLY FOREX FORECAST OCT. 14-18th: BUY THE DOW? YES!The DOW looks to have supporting structure for higher prices. The bullish momentum is there, and Friday's close put that on display. There is some potential for a limited pullback, though. But I would view it as an opportunity to get a better price on a possible long position. What are your thoughts....? Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CBOT_MINI:YM1!Long
by RT_Money
YM1! evening updateAnalysis of YM1!. This count sees price in wave ((5)) of (v), with wave (v) starting at October 2022 low. From 5 August 2024 low, count in red is less bullish, count in green is more bullish. If count in red is correct, then 5 must be shorter than 3 (as 3 was shorter than 1), and price will not go above resistance at 45062. If count in green is correct, price would be in wave 3 of (3) of ((5)) and extend above 45062. Regardless of whether green or red is correct, each ends primary wave (v), and if median line of pitchfork cannot be tagged, it suggests that price will revisit October 2022 lows. As price gets closer to 45062, reward/risk for YM1! short off that resistance improves.
CBOT_MINI:YM1!
by discobiscuit
Elliott Wave Suggests Dow Futures (YM) Will Break to New All-TimShort Term Elliott Wave View in Dow Futures (YM) suggests rally to 43005 ended wave 3. Pullback in wave 4 unfolded as a zigzag Elliott Wave structure. Down from wave 3, wave ((a)) ended at 42245. Rally in wave ((b)) unfolded as expanded flat Elliott Wave structure. Up from wave ((a)), wave (a) ended at 42673 and dips in wave (b) ended at 42142. Wave (c) higher ended at 42663 which completed wave ((b)) in higher degree. The Index then extended lower in wave ((c)) towards 42093 which completed wave 4 in higher degree. Index has turned higher in wave 5. However, it still needs to break above wave 3 peak at 43005 to rule out any double correction. Up from wave 4, wave (i) ended at 42427 and dips in wave (ii) ended at 42254. Wave (iii) higher ended at 42805 and pullback in wave (iv) ended at 42656. Expect wave (v) to end soon which should complete wave ((i)) in higher degree. Afterwards, it should pullback in wave ((ii)) to correct cycle from 10.8.2024 low before it extends higher. Near term, as far as pivot at 42092 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
CBOT_MINI:YM1!
by Elliottwave-Forecast
WEEKLY FOREX FORECAST SEPT 7-11th: SP500, NASDAQ, DOW JONESThe 3 Indices are in position to move higher. I am looking for long setups only, as my bias is bullish. My targets are the PWHs, and potentially ATHs. My bias changes with a break below the Weekly FVGs. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CBOT_MINI:YM1!Long
by RT_Money
September FOMC Support LevelsThe September FOMC 8 Hour candle and its 7 different price levels is what determines the support levels. I made an indepth post about ALL FOMC's and how they relate to support and resistances. The 7 prices of this candle are as follows: 1. The high of the candle The high of the candle is being used as a mean reversion and price is trading back and forth around the high. Friday's NFP day used this price as both support AND mean reversion. Thursday used both the top 1/3 and the high price to form support and resistance zones Wednesday used the high price all day as a mean reversion trading around this price with the last two hours of the day using it as support. Tuesday also used it as mean reversion trading around this price and using it as support and resistance Monday used it as support twice and also used the top 1/3 as major support. 2. The top 1/3 of the candle The top 1/3 of the candle is being used as major support 3. The Open of the 8 hour candle The open of a FOMC candle is of great significance. It offers the greatest support levels. Notice on the day itself that the open of this 8 hour candle that the FOMC spike candle DID NOT break the opening price? It did eventually at the end of the day but swiftly recovered. The July FOMC's open price was used as major support and resistance here as well. 4. The close of the 8 hour candle The close of the candle was also used as support the following day for the rip higher.
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
Dow Jones FOMC Analysis As It Relates To Support/ResistancesI have noticed that price action has been revolving around each FOMC. The Blue circles are each FOMC Wednesday's The Purple Lines indicate the opening price of that 8 Hour Candle Each FOMC is connected to each other in price. The 8 hour candle on the FOMC is used with all 4 prices: The open The high The low The close Starting with December 2023: It opened and proceeded to form a fat bullish candle. The high and the close PLUS the top 1/3 of that candle was used as support for the next 30 days, with the top 1/3 used as the bounce to new highs. January 2024: This FOMC was bearish and the opening price of this candle was then used as a mean reversion that price was oscillating around for the next 21 days in a range. Price went to new highs and then used the opening price to find support and bounced right at the same time the next FOMC was going to be released. March 2024: This one I am not sure about. It made the same pattern as the December FOMC but was traded through. Price eventually returned all the way down to where at? Almost exactly at the opening price of the December FOMC. The March FOMC was used as support for the May 10-13th pullback AND resistance for the June 24-July 08 Range. The September low on the 11th was coincidently CPI and it pulled back ALMOST to the exact price of the March FOMC's opening price. May 2024: The opening price of this candle is exactly the price of the high of the December FOMC's candle. The closing price of this candle was used as the support for the May 30th's bounce and the low of August 5th after that nasty sell off. A repeating pattern is price always returns back to a prior FOMC candle but NEVER trades below it. Price is always defended to the last tick. This happened 4 times this year. June 2024: This FOMC candle opened up at the EXACT price that the January FOMC candle did. Interesting. The June candle was then used as support for the June 24- July 08 range. It was also used as support and resistance after the August sell off when forming the bottom. July 2024: This FOMC candle's high was the exact price of the most recent September's low was. Interesting. I believe the July FOMC was used as a catalyst to sell off to take prices back down to the May FOMC as intended. September 2024: Finally, we reach our most current FOMC that has passed. The high of that candle has been performing the same as the January FOMC candle in that it is being a mean reversion and price is trading around that median price. If the pattern is to be continued where upon they are defending higher and higher FOMC prices, then the last two to be defended are the July and September FOMC prices. That means that if they are defending these prices that price CANNOT go below 40,300 and that the CPI September 11th Low IS the Low.
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
Dow Support Zone 42,000-42,075 Bounce TRGT 43,725I am anticipating a bounce off of support from the 42,000 area before completing the one full range expansion to 43,725 price level. The last 10 days or so, price has been revolving around the HIGH of FOMC of 42,400 It has found support around the mid point of the Thursday the 19th's 8 hour candle and the high of Tuesday the 17th's high. Between 42,250-42,300 support FOMC HIGH as mean reversion of price Pullback into the FOMC range and find support on 42,000
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
When to expect a trend or when to expect a range sessionWhat I look for on the open to help define whether I expect a range based open or session...or a trend based trading session. By using an Anchor chart and a trading chart, I am able to define the price action with regards to momentum and price direction. From there, it is then a process of waiting for the setups to develop. ANY QUESTIONS, JUST LEAVE IN THE COMMENTS !! ** If you like the content then take a look at the profile to get more ideas and learning material ** ** Any Comments and likes are greatly appreciated **
CBOT_MINI:YM1!
by TradeTheStructure
Dow Jones Range Bound Sell Into Peak Formation 13:1 TradeI will be placing my sell order at the Peak Formation High at 42,845 with a 50 tick stop. I will be targeting the low on Wednesday September 25th at 42,200. Because Dow is in a range consolidation, I will buy the lows near 42,000 and sell the highs near 43,000. I don't know when the trade will trigger but I will leave it there until it triggers with an OCO order. Any time price pulls back into a peak formation, whether it be low or high, prices tend to hold and reverse. The fact that you have two lows suspended above support from FOMC is a clue they will get ran. Also, the fact that Friday's parabolic long trade already got taken out is a clue to more downside to come.
CBOT_MINI:YM1!Short
by Dow_Jones_Maestro