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Dowjonesidea

Dow Jones: Jello 🍮What’s your favorite kind of jello? Cherry? Lemon? Raspberry? Dow Jones seems to prefer woodruff, as the index has been munching through the green jello between 30576 and 31689 points quite efficiently. Now that it has finished wave 2 in green, Dow Jones is already on its way to the next green jello between 37669 and 39249 points, where it should complete wave 3 in green. To take a bite there, it has to climb above the resistance at 34246 points first, though. Also, there is still a 42% chance that Dow Jones could wobble downwards below the support at 30109 points and thus below the next one at 29639 points as well.
CBOT_MINI:YM1!
by MarketIntel
Dow Jones: Wow Jones 😯Wow – sorry – Dow Jones has impressed us with some really fresh moves! It has virtually jumped upwards and thus has already come quite close to the upper orange zone between 33714 and 34565 points, where it should soon finish wave iii in orange. After completing a countermovement into the lower orange zone between 32863 and 31912 points, Dow Jones should continue to dow – sorry – wow us with more upwards action. To achieve this, though, it shouldn’t drop below the support at 31867 points.
CBOT_MINI:YM1!
by MarketIntel
1
Dow Jones: Jack-in-the-boxOr in fact: Jones-in-the-box as Dow Jones has jumped out of the lower green zone between 32374 and 32934 points quite impulsively. Although the index could now directly continue the ascent above the resistance at 33434 points, we rather expect it to come back into the lower green zone to finish wave 4 in green – ideally at its bottom. Afterwards, Dow Jones should rise above the resistance at 33434 points and further upwards into the upper green zone between 34311 and 34823 points to complete wave 5 in green. As soon as the index has accomplished this, it should start a countermovement.
CBOT_MINI:YM1!
by MarketIntel
Dow Jones: Move Yourself!Move yourself! You always live your life, Never thinking of the future. Prove yourself! You are the move you make, Take your chances, win or loser. See yourself! You are the steps you take, You and you, and that's the only way. Shake, shake yourself! You're every move you make, So the story goes… Dow Jones should listen closely to “Owner of a Lonely Heart” by Yes as the text of the first stanza is indeed in accordance with what we would encourage the index to do. After it has been given the brush-off by the resistance at 34038 points, Dow Jones has retreated deeply into the green zone between 33724 and 32519 points, even touching the white zone between 32389 and 32241 points below it to finish wave (C) in white. Now, the index should brace up and move upwards, striding across the green zone and climbing above the resistance at 34038 points. However, there is a 45% chance that Dow Jones could fail to pick itself up and could drop below the support at 32167 instead.
CBOT_MINI:YM1!
by MarketIntel
1
Dow Jones: EnsnaredRemember the Devil’s Snare in “Harry Potter”? It is one of the obstacles Harry, Ron and Hermione have to overcome to get to the Philosopher’s Stone. Quite similarly, Dow Jones is ensnared by the green zone between 33790 and 32534 points, which it has entered already for the second time. We expect it to advance a bit deeper still to finish wave (5) in white, wave c in turquoise and wave 2 in green. After it has managed this task, the index should rise out of the green zone and above the mark at 34038 points. There, it should gain enough upwards momentum to cross the resistance at 35413 points as well. To confirm this scenario, though, Dow Jones must not fall through the bottom of the green zone and drop below the support at 32167. However, there is a 40% chance that this alternative scenario could come into play.
CBOT_MINI:YM1!
by MarketIntel
Dow Jones: Just a Little Bit More 🤏Dow Jones is pressing further and further upwards and has nearly reached the resistance at 34205 points. Once the index has crossed this line, we expect it to gradually continue its ascent above the next marks at 35521 and 36446 points, which should each affirm the upwards movement. There remains a 35% chance, though, that Dow Jones could drop below 32167 points and into the magenta zone between 31292 and 29978 points first before endeavoring to rise up again.
CBOT_MINI:YM1!Long
by MarketIntel
1
Dow Jones: SeesawDow Jones is currently see-sawing between the resistance at 34205 points and the support at 32167 points and seems hesitant to move forward too fast. We expect the index to move, though, namely upwards. As soon as it has effectively crossed the resistance at 34205 points, it should continue to rise above the next one at 35521 points and still further above 36446 points. However, to assert this scenario, Dow Jones must not fall below the support at 32167 points, otherwise our alternative scenario with a probability of 40% would commence. In that case, the index should make a detour through the magenta zone between 31292 and 29978 points before climbing up again.
CBOT_MINI:YM1!Long
by MarketIntel