Trading Dow Futures: September 8, 2017. 116 Pt. Bull Trend

 

$YM-Trading The Dow Jones Emini Futures contract for September ’17. These charts show the important turning points that contributed to a 116 Pt. Bull Trend. Pay attention to the last chart shown here. It is a 1 Hour chart. On the 5 Minute charts and the 1 Hour chart Momentum (Slow Stochastics: 5,3) and Trend (MACD: 8,17,9) are both in agreement as to the OVERSOLD conditions that existed before this trend occurred. Safe entries are what traders look for and nice uninterrupted trends are what they hope for. During this trend market levels never touched the bottom of the Bollinger Band.

$YM-Trading Dow Futures. August 27, 2017. Daily Chart

$YM-Trading The Dow Jones Emini Futures contract for September ’17. While Trading Dow Futures believes that the Hourly and Five minute charts are the most important for finding intraday trading opportunities it’s always important to be mindful of the different time frames that affect the market overall. Looking at this daily chart we are seeing some short-term change in market sentiment as we are now down 323 points from the peak of 22132 hit back in August 8, 2017. MACD (8,17,9) may be indicating we’re getting near to a bottom or we are trending downward and that downtrend may not stop for awhile. Overall however going back all the way to March 2009 to the peak of 22132 on August 8, 2017 we are up 14,247 points. This is the 2nd longest bull market in history. As an intraday trader you will witness both long and short opportunities regardless of whether or not the market overall is Bullish or Bearish. Trade what you see in front of you and always use stops!

$YM-Trading Dow Futures: August 22, 2017. 169 Pt. Bull Trend

$YM-Trading The Dow Jones Emini Futures contract for September ’17. On August 22, 2017 between the hours of 4:35 am until 5:55 am (CST) Slow Stochastics (5,3) and MACD (8,17,9) form very bullish signals from an OVERSOLD condition. With the market at 21,716 the move up goes all the way to 21,885 for a 169 Pt. Bull Rally. Notice how the Hourly chart had for several hours given the indication it wanted to sell off. From an OVERSOLD condition its Slow Stochastics (5,3) crosses higher as well during the 12:00 pm (GMT) Hour .

$YM-Trading Dow Futures: August 17, 2017. 302 Pt. Bear Trend

$YM-Trading The Dow Jones Emini Futures contract for September ’17. On August 17 at 5:00 am (CST) Slow Stochastics (5,3) crosses down near its 80. At 5:40 am (CST) Stochastics crosses down again this time below its 80. Note MACD (8,17,9) during this time. With the market now at 21,995 the market falls for several hours all the way down to 21,693, a whopping 302 point Bear Trend.

Pay attention to the hourly charts as well as the 5 minute. Entries on the 5 minute chart were aligned with the hourly. Notice on the last chart how the closes during this trend were below the Bollinger Band (20,2).

$YM-Trading Dow Futures: August 11, 2017. 70 Pt. Bull Trend

$YM-Trading The Dow Jones Emini Futures contract for September ’17. On August 11 at 6:10 am (CST) Slow Stochastics (5,3) crosses up at its 20. At 6:55 am (CST) with the market now at 21,803 Stochastics crosses up again. Notice MACD (8,17,9) during this time. By 8:10 am (CST) the market reaches 21,873, a 70 point gain.

$YM-Trading Dow Futures: July 25, 2017. 83 Pt. Bear Trend

$YM-Trading The Dow Jones Emini Futures contract for September ’17. On July 25 at 6:30 am (CST) Slow Stochastics (5,3) crosses down above its 90, more than 2,500 contracts are traded which is the highest volume over the preceding several hours. The market reverses near its upper Bollinger Band with the market near 21,561. The market than moves higher to 21,613, Stochastics now crosses down again near its 87. By 7:55 am (CST) the market, looking as if its ready to fall, finds supports at its 20 period moving average and instead moves all the way to approximately 21,640 and finding its way to 21,625 at 8:10 am (CST). Look at the volume spike at 8:05 am, right around 2,750 contracts trade. With the market now at 21,618, Stochastics cross down again near its 75, note MACD during this time. By 9:10 am (CST) the market falls to 21,535, an 83 point bear trend.