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.
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