$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!