Daily Challenge

Would You Take This Trade?

Read the scenario. Decide: long, short, or no trade. See how you compare with other traders.

YM15minintermediate

2026-03-09

SCENARIO

Dow (YM) is at 39,500. Price opened the session by dropping 300 points from 39,800 in the first hour (a sharp sell-off). It has since spent 2 hours forming a base between 39,450 and 39,550. A strong bullish engulfing candle just closed above 39,550 with a spike in volume. The 9 EMA has crossed above the 20 EMA on the 15min.

Market Context

No specific news catalyst for the morning drop. Sector rotation visible -- money flowing from tech into industrials (Dow-heavy). S&P 500 is flat on the day.

Key Levels