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E-mini Dow Jones ($5) Futures

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YM1! trade ideas

The Great Depression of the 2000's?Nearly a century ago, financial markets around the globe experienced a cataclysmic drop, the infamous Great Depression. Today, as we stand on the precipice of economic uncertainty, I can't help but draw parallels between the cyclical patterns of yesteryears and our current economic landscape. Despite rising interest rates, the Consumer Price Index (CPI) remains stubbornly high, ushering in an era of stagflation. The lavish use of the FDIC fund to bolster banks like SVB has only fanned the flames of inflation, and its repercussions are palpable among the masses. But here's where the plot thickens: Fitch, in a move that sent ripples across the financial world, downgraded the U.S. sovereign rating from the coveted AAA to AA+. While the markets might have taken this in stride, the implications are far from trivial. This isn't just about numbers on a spreadsheet; it's about the very reputation of the U.S. on the global stage. The last time we saw such a downgrade, in 2011 by S&P, the aftershocks were felt far and wide. The reasons cited by Fitch, notably the "deterioration" of the country's finances and the "erosion of governance," are not revelations but rather confirmations of what many have whispered in hushed tones. The political chasm that has been widening for years now seems to have finally caught the eye of rating agencies. Yet, amidst this turmoil, the U.S. dollar stands tall, a beacon of hope in turbulent waters, still regarded as the world's premier reserve currency. However, the real concern lies not in the immediate aftermath but in the long-term ramifications. The downgrade, while not a death knell, is a stark reminder of the fiscal challenges the U.S. faces, from funding Social Security and Medicare to bridging its ever-widening political divides. A potential trigger for a decline in the Dow could be everyday individuals feeling the pinch, retiring early, or tapping into their 401(k)s to navigate the rising costs of living. The advent of advanced technologies, like GPT, has only exacerbated the turnover rates for workers in their 50s and 60s. I foresee a trend where these workers might opt for early 401(k) withdrawals or early retirement, further straining the economy. In this tempest of economic uncertainty, I predict the following for the Dow: Target 1: 34,000, Target 2: 31,500, Target 3: 21,300. As we navigate these uncharted waters, it's crucial to remember that while history often rhymes, it doesn't always repeat. ECONOMICS:USCCPI FRED:DJIA TVC:DJI
CBOT_MINI:YM1!Short
by journeyman1
Dow Futures (YM) Ending Short Term Impulse SoonShort Term Elliott Wave view in Dow Futures (YM) suggests cycle from 7.10.2023 low is about to end as 5 waves impulse. From 7.10.2023 low, wave i ended at 34211 and dips in wave ii ended at 34060. The Index rallies again in wave iii towards 34493 and pullback in wave iv ended at 34410. Final leg wave v ended at 34792 which completed wave (i). Index then pullback in wave (ii) which ended at 34493. Index then resumes higher again in wave (iii). Up from wave (ii), wave i ended at 34788 and pullback in wave ii ended at 34581. Index then resumes higher in wave iii to 35417 and pullback in wave iv ended at 35192. Final leg wave v ended at 35549 which completed wave (iii). Pullback in wave (iv) ended at 35348 with internal subdivision as a double three. Down from wave (iii), wave w ended at 35364, wave x ended at 35514, and wave y ended at 35348 which completed wave (iv).  The Index resumes higher in wave (v) with internal subdivision as a 5 waves. Near term, as far as pivot at 34493 low stays intact, the Index can extend higher a few more highs before ending wave (v) of ((iii)). This should complete cycle from 7.10.2023 low and Index should then see larger degree pullback to correct that cycle.
CBOT_MINI:YM1!Long
by Elliottwave-Forecast
Bearish Fractal: Dow Jones vs BitcoinThroughout the world, we see patterns arising. To some, they may seem like nonsense, but to others, there are certain formations that at times can be warnings of what's to come, as seen in this comparison. Bitcoin and the Dow are starting to match up in wave formation patterns, with Bitcoin being the leading indicator for future moves in the Dow. While this all may seem like pseudoscience, in actuality, what we are seeing is the movement of large players, shuffling billions around via dark markets and hedge funds. If this pattern continues, we should be seeing a major drop in the indices in July. TVC:DJI CBOT_MINI:YM1! BITSTAMP:BTCUSD
CBOT_MINI:YM1!Short
by journeyman1
Dow Jones: Breather 😮‍💨Dow Jones is taking a breather near the resistance at 34 363 points, showing (again) a distinct response to this mark. Soon, though, the index should resume the ascent to develop the top of wave (i) in blue, which should then initiate a prominent downward movement. However, there is a 30% chance that Dow Jones could drop below the support at 32 246 points, plunging into the orange zone between 31 675 and 29 939 points to already expand wave alt.(ii) in blue. From this low, the index would then start a fresh upward movement.
CBOT_MINI:YM1!
by MarketIntel