Introduction Dow Jones futures have now broken above the previous all-time high near 50,900, confirming the bullish breakout setup we looked at in our previous analysis. Following several weeks of a consolidation period buyers finally pushed YM into new highs heading into the final week of May. While the Dow lagged behind Nasdaq during April Read More…
Introduction Dow Jones futures continue showing bullish momentum as YM pushes back toward the all-time highs near 50,900. Following the sharp correction during March and early April, buyers stepped back into the market aggressively and have now nearly recovered the entire decline. The current daily chart shows Dow futures trading firmly above both the 50-day Read More…
Introduction The Dow Jones continues to hold up well after the sharp recovery from the March lows, but momentum is beginning to slow as prices push back toward all-time highs. The rally in the Dow hasn’t been as strong as the S&P 500 and the Nasdaq, which are already 10% above the all-time high. What Read More…
Introduction The Dow has made a solid recovery from the April lows and is now trading back near the upper end of its range. The move higher has been clean and steady, and has followed the other US equity markets. YM is lagging slightly, though, and has not breached the ATH like the S&P 500. Read More…
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…
