Introduction E-mini Dow Jones futures (YM) have started to steadily decline, now testing the 200-day moving average. This could be an aftereffect of the initial phase of the escalations in the Middle East. The RSI is also hitting oversold levels so this is an important level to keep an eye on moving forward. Equity markets Read More…
Introduction Dow Jones E-mini futures continue to grind higher, pressing back toward recent highs near 50,000. Unlike the more volatile NASDAQ, the Dow’s rally has been steadier, a trend followers dream. However, momentum is no longer expanding aggressively. The market is advancing but doing so in a more controlled, mature fashion. Each time the 50 Read More…
Introduction YM has broken above its prior all-time high further showing the strength that all US equity markets have at the moment. Every small dip is getting bought up by the bulls, and the market is firmly bullish. The moving averages are also sloping upward, with the 50 well above the 200, with the price Read More…
US equities started the new week on a solid footing, following a strong rally during regular trading that sent major benchmarks to new highs, with stock futures barely changing on Monday night. Following Monday’s robust gains, futures linked to the Dow Jones Industrial Average, the S&P 500, and the Nasdaq 100 also declined slightly, indicating Read More…
Market Context YM has now broken above its prior all-time high, only 1,200 points away from 50,000. Both the weekly and daily timeframes confirm that this is a well-established uptrend that has been in place since the 2023 lows. The next big level is the psychological 50,000 level, with no horizontal resistance; this would be Read More…
Introduction Dow Jones futures (YM) pulled back slightly, but have been rallying alongside the other US indices. The Dow is 1.3% away from the all-time high, and bulls will be trying to push above that in the next few sessions. Let’s take a look at the technicals and what they are telling us. Technical Overview Read More…
