Index futures hit new all time highs as expected – What are the next targets?
|- Emini S&P I will stick with the bulls until I see a sell signal or reversal pattern.
- Next target of 6611 has been hit with a new all time high at 6623.
- Next target is 6635/40 then 6660/6663.
- Support at 6600/6595 & longs need stops below 6585.
- A break below 6540 however risks a slide to 6550/6540.
Nasdaq September futures
- Emini Nasdaq break above 24070 was the next buy signal of course & we made a new all time high exactly at the 24310/330 target.
- Further gains are expected towards 24400/24430 & even 24580/590.
- Strong support at 24200/100 & longs need stops below 24000.
Emini Dow Jones September futures
- Emini Dow Jones break above 45841 hit the next target of 45885/46045, as we close in on 46200/210 & even 46410/430 is possible.
- Support at 45850/45800 worked with a low for the day exactly here for the second day.... Longs need stops below 45700.
- A break lower however meets a buying opportunity at 45550/45500 & longs need stops below 45400.
Today’s Forex, Gold and Silver trade ideas
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