Introduction E-mini Dow Jones futures (YM) have rebounded off trendline support, regaining strength after a recent pullback. Price tested the ascending trendline and the 100-day VWMA (43,610), holding above these levels and keeping the long-term uptrend intact. Market Drivers & Key News Events Technical Analysis Bounce from Trendline—Higher Lows Intact Key Support & Resistance Levels 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…
Introduction Along with all other US indices, YM is ripping, and there are no signs of it slowing down any time soon. The Dow Jones blasted through an all-time high on Monday and has already painted three green bars straight and over 2% above the previous high. Let’s look at the technicals and see if Read More…
IntroductionThe E-mini Dow Jones (YM) Futures have been exhibiting a consolidation and breakout pattern, as observed in the weekly and daily charts. We must closely monitor these fluctuations to gauge the market’s course as we approach the end of the year. Do you think we will reach all-time highs in equities before year’s end? Let’s Read More…
