Emini Dow Jones _ Nasdaq June contract

Emini Dow Jones hit all targets as far as 26550/570 then reversed 150 ticks. We have bounced back to last week's high at 26500/510 as I write. Further gains retest 26550/570 of course. A break higher targets 26690/710.
Very minor support at 26390/370 held perfectly on the pullback yesterday. Further losses today meet a buying opportunity at 26330/310 but longs need stops below 26280.

Nasdaq topped exactly at strong resistance at 7695/7705 in severely overbought conditions. However there is no sell signal so shorts are risky in the bull trend. Above tests the all time high at 7726/29. Obviously this is mega important. A double top here would be a serious sell signal. If you want to try a short, stop above 7740.
Failure to beat 7695/7705 targets 7688/86 then trend line support at 7668/66. A break lower test support at 7657/54. Longs need stops below 7649.

Dow

The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.

Feed news

Latest Forex Analysis

Editors’ Picks

EUR/USD: Snaps four-day winning run, but bull breakout still valid

EUR/USD fell 0.28 percent on Tuesday, engulfing Monday's high and low and ending the four-day winning streak. The currency pair however, defended the former resistance-turned-support of the 200-day MA.

EUR/USD News

GBP/USD retraces from 5-week high amid fewer fresh catalysts from UK

While renewed fears of no-deal Brexit and less dovish Fed speak dragged the GBP/USD pair back from a month’s high, the Cable trades little changed near 1.2690 during early Wednesday.

GBP/USD News

USD/JPY: Bulls back in charge, re-takes 107.50

The less dovish rhetoric from a selection of Fed speakers overnight continues to aid the post-FOMC US dollar recovery, prompting the USD/JPY pair to retest the midpoint of the 107 handle despite negative Asian equities. 

USD/JPY News

Conference Board Consumer Confidence: The China syndrome

The index declined to 121.5 in June from April’s revised 131.3. A much more modest drop to 131.2 had been predicted.  “The escalation in trade and tariff tensions earlier this month appears to have shaken consumers’ confidence,” wrote Lynn Franco.

Read more

Gold bulls target $1485/oz

Gold prices rallied in Asia but stalled and started to deteriorate in European markets into consolidation before a sell-off emerged on the back of less dovish than expected rhetoric from Fed speakers on New York.

Gold News

Majors

Cryptocurrencies

Signatures