The Dow Jones E-mini Futures (YM_F) favors impulsive rally from 4.07.2025 low of 36708. It is trading close to the previous high of 1.31.2025 of 45227. A break above that level will confirm the bullish sequence. Other US indices like Nasdaq & S & P 500 futures already confirmed the new high in daily, calling for more upside against April-2025 low. As per latest Elliott wave sequence in Dow Jones, it favors upside & pullback in 1-hour remain supported in extreme area to rally higher. Since April-2025 low, it placed 1 at 42976 high & 2 at 41236 low. Above there, it favors upside in 3 of (1) & expect one more push higher, while dips remain above price trendline. We like to buy the pullback in 3, 7 or 11 swings at extreme area for next rally.
Within 3, it ended ((i)) at 43316 high, ((ii)) at 42088 low & ((iii)) at 45177 high. In wave ((iii)), it ended (i) at 42759 high, (ii) at 42096 low, (iii) at 44435 high, (iv) at 44185 low & (v) at 45177 high. Currently, it favors pullback in zigzag correction in ((iv)) & expect small downside in to 44286 – 43815 area before resume upside in ((v)) of 3. Within ((iv)), it placed (a) at 44482 low, which subdivides in 5 swings. It placed (b) at 45043 high in 3 swings bounce that almost corrects 90 % of (a). Currently, it favors downside in (c), which should unfold in 5 swings in to extreme area. Within (c), it placed i at 44324 low, ii at 44827 high & iii at 44118 low. It favors bounce in iv before final down in v to finish the (c) of ((iv)) against 6.19.2025 low before rally resumes towards 45500 or higher levels. In 4-hour, it expects two or more highs to finish the impulse sequence from April-2025 low before it may see bigger correction.
Dow Jones Futures (YM_F) – 60-Minute Elliott Wave Technical Chart:
