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We are now trading the June contract YM 06-26. Today starts out as a recovery day. Not an uptrend on the daily but a chance for longer term traders to cover shorts. Not high enough to establish shorts again. Next resistance is 47199, then 47274. Support 46898, then 46668. Buy pullbacks. The June 2026 contract traded with a typical carry premium over the front month, showing levels in the mid-to-high 46,800s to low 47,000s in recent sessions, but specific Friday close data poi

Do you feel lucky? We start with a short term recovery uptrend. This should continue unless the 15 minute bar closes below 46770. The dominant driver remains geopolitical escalation in the Middle East (Iran-related tensions, potential Strait of Hormuz disruptions, tanker/port issues), pushing WTI crude sharply higher (up ~9–10% intraday at points, settling with strong gains toward $95+ levels). This fueled inflation fears, higher input costs, and broad risk-off sentiment acr

We are below the daily 200 day moving average. That again means wait for short term overbought and go short. The only red flag would be to cut back on high volatility. We use a metric based on a 1 minute chart. First resistance is 47145. Next is 47299. First support is 46850. The primary driver was escalating geopolitical tensions in the Middle East, particularly involving Iran and concerns over supply disruptions (e.g., Strait of Hormuz), which sent oil prices surging higher

Looking weak as we begin day two of the reversal bar. We are looking to short an opening rally toward resistance at 47700 then the next resistance at 47750. Downside targets are 47314 and 47214. Conflicting news reports abound. Expect choppy, news-driven trading with elevated volatility. If we close below 47175 expect a test of the monthly lows. MBA Mortgage Applications 7:00 AM ET CPI 8:30 AM ET Michelle Bowman Speaks 8:30 AM ET EIA Petroleum Status Report 10:30 AM ET Tr

Best advice is to trade lighter. News events abound. Trends evaporate in a heartbeat as yesterday's huge rally pointed out. Our job is to follow the trend but also to protect our precious capital. First minor support now is 47575. Minor resistance is 47780. Trade both ways. The session was extremely volatile and geopolitically driven. The cash Dow opened around 47,371, plunged as much as ~900 points to an intraday low of 46,615 early in the day as oil prices spiked sharply (b

Hard to believe we were at 50,000 Dow just a few weeks ago. Market started down before the Iran war. From a technical point of view all market movements are based on trader emotions. So we approach today like any other. We prosper from panic, and we trade against the opposition's mistakes. In this case when a trader goes long too late and the down trend resumes, we take a short. Only 2 or 3 great trades are enough. We will look to short 275 point rallies. Broader sentiment is

Congratulations to those who stayed short through the 8:30 reports. For the rest of the day we will look to short 245 point rallies. One or two big rallies will happen if you are patient. The way to do it is to put sell orders at resistance. If not filled then use a sell stop to enter short. The miss (partly tied to strike activity in health care/information) signals labor-market softening and raises recession/growth concerns, even as it boosts odds of near-term Fed rate cuts

Two day recovery failing. Things were looking bullish until Goldman began shorting at 4:00 AM. Market dropped 400 points since then. So we start the day shorting rallies. Our first plan is to short any 175 point rally. It is still an inside day. First resistance is 48559 then 48677. First support is 48325 then 48221. Broader context includes inflation sensitivity (from energy/geopolitics) and Fed rate expectations—stronger labor data could temper aggressive cut hopes, while a

Powerful reversal on the 10:30 trade yesterday. The daily downtrend is not over. Just adds choppiness to the market. Don't get in trouble today by giving back great gains of yesterday. We are looking to buy pullbacks of at least 175 points. Previous Day Recap (March 3, 2026) – YM E-mini Dow Futures (March 2026 contract): The session was highly volatile and risk-off driven by escalating Middle East tensions (U.S./Israel-Iran conflict, threats to the Strait of Hormuz, and surgi

We have taken out January lows. Yes there is a war going on, but when the market hit 50,000 every fund manager was bullish which lead to my forecast that we would hit 48055 within 60 days. SMF has increased to 287 so we will look to short 287 point rallies and the BFM (Banker's Flush Method). Expected price action: High volatility at the 9:30 AM cash open. Downside bias while oil stays elevated and no positive geopolitical headlines emerge. A break and hold below 48,000 would

Obvious down trend. However, we have rallied over 500 points from the low of 48166. As far as our trading methodology goes. Smaller number of contracts, larger stops, and shorting when overbought is the way to go. Two or three good trades and you are done for the day. The fundamental backdrop is dominated by war tensions following weekend strikes, which have jolted markets and driven a risk-off tone. This has led to surging oil prices (Brent up over 10% and WTI similarly elev

We are back to shorting rallies. The daily downtrend has resumed control. The first thrust did hit projected support at 48948. We can look to short rallies into resistance first at 49230. Fundamentally, the focus is on freshly released inflation data and its implications for Federal Reserve policy. At 8:30 AM EST, the January Producer Price Index (PPI) came in hotter than expected: MoM at 0.5% (vs. forecast 0.3% and prior 0.5%), and YoY at 2.9% (vs. forecast 2.6%). Core PPI M

Market nicely recovering from the 800 point crash. NVIDA crushed earnings. Yet investors want more! We will look to buy pullbacks this morning. First good support is 49520. Wait and watch for reversals. Momentum indicators are not overbought, leaving room for upside continuation on positive catalysts. A break and hold above 49,700 would target 50,000 quickly. Conversely, a failure to hold 49,400 could see quick retest of 49,200. Expect typical early-session chop around data r

Day 2 of recovery. Market at 49449 as of this writing. Some traders think those who were trapped in the 800 point sell off a chance to get out. Until the trend intraday turns down we continue to buy pullbacks. First support 49361, next is 49299. First resistance stands at 49525, then 49602. The session's upside came despite the 10% global tariff (under Section 122) taking effect at midnight, following President Trump's weekend escalation rhetoric after the Supreme Court's rul

Congratuations on all who profited from the amazing reversal to the downside yesterday. The move was driven by renewed tariff uncertainty after President Trump escalated global tariffs, combined with persistent fears of AI disruption across industries (e.g., sharp declines in cybersecurity, software, and legacy tech names like IBM on competitive threats from AI advancements). No major U.S. economic data dominated the session, leaving sentiment focused on these policy and tech

We start today with an inside day compared to Friday. That means retracement trades do not work as well. First resistance is 49590 and after that 49774. Support is 49420 then 49179. Look for breaks of small trading zones to take break out trades. The market is opening under pressure from renewed tariff uncertainty after President Trump announced an increase in global tariffs to 15% over the weekend, following the Supreme Court's decision to invalidate his prior "reciprocal" t

We start with an inside day. Yesterday's low was 49258. The daily chart is slipping into short territory but not yet in panic mode. 50,000 is good resistance. Of course we will short rallies, but look for at least 2 good counter trend longs today. Next support is 49305 and then 49146. Resistance is 49490 then 49575. Fundamentally, the YM faces headwinds from disappointing U.S. economic data released early today, including slower-than-expected GDP growth and softer inflation r

Looking for a range break out today. Watching the range over last 180 minutes for a break out. Long above, short below. The contract traded in a range with a high of 49,967 and a low of 49,489, on volume of about 91,110 contracts. This followed a volatile prior day, with the gains driven by a recovery in technology stocks as concerns over AI disruption eased somewhat. Upside Breakout : A decisive move above 49,800 (clearing today's high and near-term resistance) could signal

Market starts off with a 233 tick range. There is good buying interest at first support of 49580. Good selling interest at 49799. Use smooth trendlines for entries and targets. The Dow E-mini futures (YM) for the March 2026 contract experienced a choppy session on Tuesday, swinging between gains and losses amid broader market volatility driven by lingering AI disruption concerns in the tech sector and mixed reactions to economic data. The contract remains in a short-term uptr

After the 1,000 point range on the 12th, the market has been consolidating. Not a bad idea to go with the 30 minute opening range breakout this morning. Use that 30 minute bar for buy/sell stops. First support this morning is 49348. First resistance is 49599. The contract remains in a short-term uptrend channel but is facing key resistance near 49,800. A sustained break above this level could open the door to further upside toward 50,520–51,000. On the downside, immediate sup