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Today is a 30-minute opening range breakout day. We traded short before the PPI then long on the banker's flush. We want to short rallies today. The YM June 2026 contract settled near 49,760, showing resilience in the face of macro headwinds. The Catalyst: April CPI data came in hotter than expected (3.8% headline, 2.8% core). This sent the 10-year Treasury yield toward 4.45%. Sector Divergence: While the Nasdaq struggled with the rate pressure, the Dow stayed afloat than

Narrow range consolidation day to start. Two-way trading until tomorrow, when a breakout should occur. Institutions will have fun pushing the market and running stops on the long and short side. Key Levels: Resistance: 49,800–50,000, then all-time highs near 50,900. Support: 49,500–49,000 zone, with deeper support at 48,800–49,000 and major recovery lows around 46,500–47,000. Bias: Uptrend remains intact above key supports, but momentum is slowing as prices approach ATHs. Ove

Sideways low volume start to the day. Previous Day (Friday, May 8, 2026) Recap for YM Jun '26 (YMM26 / E-mini Dow futures): Cash Dow Jones Industrial Average closed at approximately 49,609, up a modest ~12 points (+0.02%) or flat-to-slightly positive on the day. It lagged the broader market. Futures settled around the 49,691 area (exact settlement varies by source; prior sessions showed trading in the 49,582–49,958 range intraday). Volume was solid but not extreme. It appears

Expect the same kind of market as yesterday. You should get 2 at most 3 good runners. Hit them then close out your week green. The contract remains in a broader uptrend but showed short-term consolidation/pullback on Thursday after failing to hold above key psychological levels. Resistance: 50,000–50,200 (psychological + recent highs). Clearing and holding above 50k would be bullish for new highs. Support: 49,500–49,600 (near-term), then 49,350–49,000 zone and stronger suppor

Today's SMF is 204, so continue to look for pullbacks of 204 points for buy signals. Momentum: Positive, with strong buying interest. Indicators (e.g., moving averages) lean bullish on daily/weekly frames, though overbought conditions (high RSI in spots) suggest potential for consolidation or pullbacks if momentum fades. Bias for today: Mildly bullish continuation as long as futures hold above ~49,800–49,900 and Iran news stays constructive. Watch for volatility around 8:30 A

Yesterday, oil prices gave back much of Monday’s sharp gains (WTI/Brent pulled back significantly on de-escalation hopes in US-Iran tensions/Strait of Hormuz). This eased inflation fears, lowered bond yields, and supported risk appetite. Strong earnings (tech/AI names) and broader resilience added fuel. The plan is to wait for at least 127 point pullbacks. When stops are finished and market hooks up go long. TTT are good for this kind of trade. Bias: Short-term bullish bias o

Happy Cinco. Market moving back up on low volume so far. Needs to get above 49325 to have more clear sailing. Yesterday the key driver: Escalating tensions in the Middle East (US-Iran related incidents in the Strait of Hormuz, strikes, and intercepts). This pushed oil prices sharply higher (WTI up >4%), raising inflation fears, lifting bond yields (10-year to ~5-week highs), and weighing on equities—especially the Dow, which has heavier energy/industrial exposure. Bias: Short

Market still trading inside Thursday's range. To resume the uptrend we must take out 49783. Then the target will be 48848. The Dow Jones Industrial Average closed at 49,499.27, down ~153 points (-0.31%). It underperformed the broader market. S&P 500 rose +0.3% to a new record close around 7,230. Nasdaq rose +0.9% to a new record around 25,114, driven by tech strength (e.g., Apple earnings reaction). Futures (/YM June 2026) reflected this, with Friday's settlement or close aro

Strong move upward with good volume. Happy May 1st. The market will try for 50,147 today but will meet strong resistance at 50,000. We want to scale in long again today. All pullbacks of 125 points should be bought on the stochastics hook. Broader market context: The S&P 500 rose ~1.02% and hit new all-time highs, while the Nasdaq 100 gained ~0.98–0.9% and also closed near records. It was described as a sharp rally driven by strong corporate earnings momentum (including gains

🟢 DOW-SPECIFIC EARNINGS BOOSTS Caterpillar beat earnings expectations and shares popped ~6% pre-market — a direct, significant boost to YM given CAT's heavy Dow weighting. CAT raised its annual revenue forecast, benefiting from the AI infrastructure construction boom. Other names reporting today that touch Dow components: Eli Lilly (up 7% on a beat and raised guidance), Merck, Mastercard, and Apple after the close. 🛢️ Oil / Geopolitics Oil prices are pulling back slightly t

Fed Announcement and forecast at 2:00 PM Eastern today. Our goal, as usual is 2 to 3 good trades until 10:30 AM then wait for Fed. So far we have two winners in the bag. Short term support is 49205. Short term resistance is 49380. The Dow Jones Industrial Average shed 25.86 points (–0.05%) to settle at 49,141.93. It was a mixed, choppy session. Losses in the blue-chip index were cushioned by a nearly 4% gain in Coca-Cola shares after the company posted a strong earnings beat.

The Fed begins their meeting for tomorrow's announcement. The trend is up so we buy into support. First support is 49363, then 49245 Resistance is 49550 then 49709 YM June '26 Settlement: Closed around 49,342 (with intraday trading ranging roughly 49,250–49,429). The contract showed modest movement, ending slightly mixed to soft in a low-volume environment typical for a Monday with limited data. FOMC Meeting: Begins today (April 28–29), with the rate decision and Powell press

Market consolidating which means we are waiting for it to break the opening 30 minute range. Previous Day Recap (Friday, April 24, 2026) Settlement: The YM June '26 contract settled at 49,392, down 98 points (-0.20%) from the prior close. Session Range: Opened around 49,423, traded as high as ~49,598 and as low as ~49,243, with solid volume (~84,500 contracts). Cash Dow Jones Industrial Average: Closed at approximately 49,230.71, also down ~0.16% (-79.59 points). Market Conte

Inside day before the open. 4 great days in a row. Let's make Friday a day we finish early. Trend is mixed which means two-way trading. Markets opened with some optimism but erased early gains, closing lower amid renewed concerns over the US-Iran stalemate. Peace talks remained stalled, with both sides maintaining positions on the Strait of Hormuz (blockades and leverage tactics), which kept oil prices elevated and pressured risk assets. Software and tech stocks (e.g., Salesf

Overbought correction this morning. We start in a trading range zone between 49252 and 49540. A break out of that zone will set the tone for the rest of the day until the close. After Tuesday's reversal on geopolitical uncertainty, Wednesday saw a solid rebound driven by strong corporate earnings (e.g., GE Vernova and others beating expectations) and a generally constructive risk tone. Key levels to watch: Resistance: 49,600–49,800 (recent highs and gap areas), then the psych

Uptrend continues. Buy pullbacks. First support/buy area is 49560, then 49490. The cash Dow Jones Industrial Average (DJIA) closed at 49,149.38, down 293.18 points (-0.59%). YM futures showed similar weakness, with the June contract (YMM6) trading in a range roughly 49,229–50,043 before settling near 49,339 (down from the prior day's settlement around 49,639). The session started with early gains (the Dow was up as much as ~400 points intraday) but reversed as geopolitical un

The cash Dow Jones Industrial Average (DJIA) closed nearly flat at 49,442.56 , down just 4.87 points (-0.01%). YM futures settled around 49,639 (with intraday cash-equivalent action showing limited movement). The session was quiet overall, with the major indices giving back a tiny fraction of the prior week's strong gains. The Nasdaq snapped its impressive 13-day winning streak, while small-caps (Russell 2000) bucked the trend and hit a new closing high. Bias : Very bullish

Volatile inside day. This kind of up down trading is expected. International tension is not predictable. By the time you get the news the move is over. Don't trade news. Immediate Resistance : 49,663–49,924 (prior settlement/high). A sustained break above 50,000 would be psychologically significant and target recent all-time high attempts. Immediate Support : 49,090–49,250 (recent lows from April 19 light trading) and the round 49,000 level. Deeper support sits near 48,800–48

We should close the room before the market opens when the first trade is a 265 point winner. Remember, on the open the specialist has to sell to maintain an orderly market. Within a half hour they can start buying again. We will look to buy again after a SMF pullback. Have a great weekend people. Thomas Barkin Speaks 12:15 PM ET Baker Hughes Rig Count 1:00 PM ET Christopher Waller Speaks 2:00 PM ET <<<<<<<<<<<<<<<<<<<<<<<<<<< DATE: 4/17/2026 TIME: 9:16 AM HIGH: 48871 LO

We start with an inside NR7, meaning a Crable trade is on the table. Crable on the table. I am a poet; and I don't know it. We did 1 trade this morning so far. Very explicit. Go long 48748 and add at 48724. The target was exactly 48771 and everyone had to do 2 contracts. In fact everyone did it. at least nobody admitted they did not do it. YM futures (June contract) opened around 48,758, reached a high near 48,911, and settled in the 48,669–48,734 area, reflecting mild intrad