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

 

$YM-Trading┬áThe Dow Jones Emini Futures┬ácontract 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.