Stock markets break higher again
|- Emini S&P June made a low for the day at support at 5900/5895 & longs have worked well on the jump to all targets as far as 5990/5994.
The low & high for the last session were 5890 5952. - Emini Nasdaq June beats the 2 week high of 21530/562 for a buy signal.
Last session high & low were: 21322- 21567. - Emini Dow Jones June shot higher towards the 42550 target.
Last session high & low for the last session were: 41947 - 42476.
Emini S&P June futures
- Emini S&P made a low for the day at support at 5900/5895.
- We shot higher to hit targets of 5930, 5940/45, 5975/80 & retest the May high at 5990/5994 as predicted.
- A break above 6005 is a buy signal initially targeting 6020/25.
- Failure to beat 5990/5994 can target 5955/50. Below 5940 risks a slide to 5920/15.
Nasdaq June futures
- Emini Nasdaq beat the May high at 21530/562 for a buy signal targeting 31650 & 21800/830, perhaps as far as 21950.
- We should have support at 21562/530but longs need stops below 21480.
- A break below here risks a slide to 21320/300, perhaps as far as 21250/200.
Emini Dow Jones June futures
- Emini Dow Jones beat resistance at 41800/900 to target 42350 & 42550 as expected & we are on the way to the May high at 42976.
- A break above 43000 targets 43150/180 & 43450/500.
- However failure to beat the May high at 42976 leaves a short term double top in place & risks a slide to 42480/430, perhaps as far as 42300/250.
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.