YM Short — $YM pullingback into broken support-turned-resistanceE-mini Dow Jones Industrial Average Index FuturesCBOT_MINI:YM1!mnktrdOn the 4-hour chart, YM printed a clean sequence of higher highs into the 52,500 area before reversing sharply on Jun 17, leaving a prominent bearish engulfing structure and a lower high versus the Jun 16 peak. That CHoCH off the high established a short-term bearish bias: the subsequent bounce from ~50,300 has stalled well beneath the prior swing high, forming a lower-high structure. Price is now testing the broken 4h shelf in the 51,900-52,100 zone — an area that served as support through the Jun 11-15 grind and is now acting as overhead resistance on the retest. On the 1-hour chart, the bounce off the Jun 17-18 lows recovered to ~52,000 but has been unable to reclaim 52,100. The last four hours show narrow, overlapping candles with declining closes — a micro-stall against resistance. The current quote at 51,926 sits just inside the resistance zone, and the 1h bars from Jun 19 show the push higher fading (highs capped at 52,000, closes drifting lower after each attempt). This is a textbook pullback into the overhead shelf with the short-term trend now pointing lower. Stop is placed above the resistance cluster and the recent swing pivot: 52,200 clears the Jun 19 session high and the retest zone by roughly 2.5× ATR — wrong if price reclaims and closes above that level. Target is the Jun 10-11 low support zone near 51,100, the first defended structural floor price must traverse to the downside; the zone was bought multiple times and sits well in front of the Jun 9 washout lows. R/R: (51,926 − 51,100) / (52,200 − 51,926) = 826 / 274 ≈ 3.0, clearing the threshold cleanly. Macro context is aligned: the FOMC signaled a higher-for-longer posture with a more hawkish dot-plot, the Dow closed down nearly 1% post-Fed, and the blowout May jobs report has reinforced rate-hike expectations — all direct headwinds for the Dow complex. The broader universe is in a short-lean regime, adding directional weight. Today is a Friday with 189 minutes to close; the target is ~800 points away and achievable well within the session on a continuation move, though a partial fill before close is the realistic expectation for a swing-mode instrument running on futures. 📍 Entry: 51926 🛑 Stop: 52200 🎯 Target: 51100 ⚖️ R:R: 3.01