#outside week

08:36am YMH5 futures traced a range expansion day on Mar 10. YMH5 is being controlled by an outside week bar from last week. . Expecting continued weakness today especially if the 1st hour low is taken out. In the intermediate term support is at the weekly uptrend  line at  around 17500.

Overnight markets were bouncing with low at 17669 and high at 17733.

Will go short below 1st 1/2 hr and first 1 low for a 20 point target per contract.

https://www.tradingview.com/x/E9yFpBLC/

1:40pm: Tightly wound. Feeling heavy. Add to short at 17656. 6:00PM Two shorts taken. Both winners as 20 points targets hit for both. Now flat.

YMH5 Dow futures traced an inside day on Mar 09. YMH5 is being controlled by an outside week bar last week. . Expecting continued weakness with support coming at the uptrend support line at  around 17500 in the intermediate term.

Overnight markets were weak and at present YM is off about 115 points from yesterdays close  to 17855.

07:54 am:Short below yesterday's low at 17816. Cover at 17786.

https://www.tradingview.com/x/oHH3Q9Wi/

08:30am: The short is now closed at 17786 with a gain of 30 points per contract. 

http://www.investing.com/indices/us-30-futures