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…
Introduction YM is flat year-to-date but is only 10% away from all-time highs. With most equity indices, YM’s low was back in October of 2022, which is exactly one year ago. The price rallied 25% from there before retracing 7% to current price levels. Weekly Chart YM has been between $28,679 and $36844 since the Read More…
Recap The last time we looked at YM was almost a month ago when we watched price break out of an ascending triangle. It has been a rocky road for YM traders as the breakout did not last, and a retracement to the triangle has occurred. There may be opportunities arising as we speak, though, Read More…
