Emini Dow Jones key to direction is very strong resistance at 24780/799
|S&P June contract
Emini S&P will need to dip back below 2700/05 (unfortunately we bottomed exactly here yesterday) to target 2693/91 & better support at 2681/78. This is the best chance of a low for the day but longs should be risky. A break below 2670 is a sell signal targeting 2660/57 & minor support at 2652/50.
A break higher is a buy signal targeting 2722/24, 2727/29, 2734 & strong resistance at 2441/44. Exit longs & try shorts with stops above 2750.
Emini Dow JonesJune contract
Emini Dow Jones key to direction is very strong resistance at 24780/799. Try shorts with stops above 24900. An unexpected break higher targets 24995/999 then 25050/060 & 25150/160.
I DO THINK WE SHOULD turn lower today to retest 24680. Below 24660 is more negative, so this is helpful. Watch support at 24610/590. A break below here is a sell signal targeting 2430/20 & strong support at 24485/475. A bounce from here is very likely on the first test at least, but a break lower eventually will be another sell signal.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.