📈 Current Market Structure and Key Levels The E-mini Dow Jones (YM) futures recently reached an All-Time High near the 44,000 mark before facing a mild correction of 4%. This pullback phase has brought prices back toward some key zones that might offer high-probability entry points for bullish trades. Let’s break down these zones and Read More…
Ascending Channel and Key Support: Resistance Zone and Potential Breakout: Volume Analysis: Probabilities: Bullish Breakout Scenario: False Breakout and Reversal: Trade Opportunities
Introduction The Dow Jones has been in a tight ascending triangle on the weekly chart as all US indices continue to surge despite massive geopolitical tensions. At the moment, YM is bouncing off a low and could possibly look to be moving higher for the next few weeks. Lets take a look at the chart Read More…
Introduction The Dow Jones futures (YM) have lagged behind the other indices in 2024. The industrial average has still put in some good gains, up 11% for the past year but only 2.9% YTD. The S&P 500 (ES) is up 22% for the past year. Do we think its time for the Dow to catch Read More…
Dow Jones Futures (YM) have slightly underperformed by about 5% vs. ES and NQ, but nevertheless, the trend is bullish. The key feature on the daily chart is the ascending triangle formation, which gives us a target at the 200% FIbo level. This is the bullish target for the medium term. Keep an eye out Read More…
Weekly Chart The weekly chart has formed spinning tops near the recent all-time high. This tells us that there is indecision in the market. The RSI is currently overbought at 71.31. before the formation of the spinning tops there was only 1 red week out of 14. This amount of bullish price action cannot last Read More…
