YMU4- Dow - E-mini - Monday - 21th July

News:

See the details clikk here

Pre-Market expectation: In the early section little upward and after downward movement can be the way of Market (upward is a possibility, but not necessary).

9:16

I am online. I have got an email quastion. The answer:

I think today YMU4 will make wave y in a douple zigzag (after y turn down) or Friday upward movement was an impulse and the market will  move down in the early section (opening with gap is possible). YM likes dZZ and the stucture on '15 is familiar to me. From the top 3 waves went down. It can be a big endig diagonal, we have to pay attention it, as well!

Daily rsi is under MA9 and it can do a hook with deadX, but today falling is needed for it. There are divergence between the last two high. 4H and 1H is neutral.

9:33

Gap and down. About 16950-45 there is a support line! And see RSI!

9:57

Support worked. Resistence line at 16990.

10:34

I made a short, but I moved the stop early.

10:40

Target: 16900 and than range until 14:00.

11:37

Low was 16908 and turn, as expected. (About 16900). I think up is an impulse. I hit it 16927 for long. I will show it, but I have been working this position. (Half of package was closed at 16937).

11:41 

I am waiting at 16961 (It can be 1-2-1-2-3-4-5).

Depend on the market I closed it lower.

11:49

If wave 5 extend 16980 reacheable!

11:59

:) extension! I am in position, yet :)

12:02

I was at 16975 to close, top was 74.

13:25

It can be ZZ, in this case target will be at 17018.

13:37

My trade:

14:22

Short, not so good, stoped closed with profit.

14:24

Too slow it will be a correction or 1-2-1-2. In this case closing price would be between 16960-980.

14:30

Top was at 16712. See 13:25. It can be turning.

14:57

Short, stop closed.

15:15 

I have finished.
Tomorrow I will work until 14:00.


16:17

Closed at 16982. See my forecast at 14:24!