Emini SP 500 _ Nasdaq June contract

Emini S&P 2 month trend line resistance at 2912/15 is key to direction. Shorts need stops above 2920. A break higher targets 2924/26, perhaps as far as 2935/37. First support at 2900/2898 held perfectly yesterday, but below 2895 re-targets 2890/88 then minor support at 2886/84. A break lower retests last week's low at 2879/77.

Nasdaq bounce from minor support at 7598/96 rockets straight back to minor resistance at 7655/60. Markets become more volatile in overbought conditions when they top out. Just be aware, but we wait for a sell signal. Minor support at 7645/40but below here targets 7625/22. Further losses target 7602 then minor support at 7598/96 again. Bulls obviously need a break above 7665 to target 7683/86 then strong resistance at 7695/7705.

SP

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.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD: traders set to position ahead of Fed

The EUR/USD pair moderated its advance on Friday, compliments to stronger-than-expected US data, finishing the week anyway with gains around 1.1070. Better-than-expected US data released Friday brought relief to USD bulls.

EUR/USD News

GBP/USD: Brexit optimism keeps bulls in the drivers’ seat

The GBP/USD pair has advanced for a second consecutive week, reaching Friday 1.2505, its highest since last July, and settling not far below this last. Fading odds for a hard-Brexit continue to underpin the Pound.

GBP/USD News

USD/JPY: further gains depending on risk-related sentiment

The USD/JPY pair settled above the 108.00 level for the first time since late July, closing substantially higher for a third consecutive week.  Demand for the safe-haven yen continued to be undermined.

USD/JPY News

The good, the bad and the extremely ugly crypto

XRP is in a borderline situation and with little room for doubt. Bitcoin demonstrates its power and positions itself as the emerging leader. Ethereum is in an intermediate situation, far from risk but also from opportunity.

Read more

Gold: Down for third straight week, on the defensive ahead of the Fed

Gold is set to end lower for the third straight week and will likely remain on the defensive in the run-up to Wednesday's Federal Open Market Committee (FOMC) meeting. A dovish surprise will likely put a strong bid under the yellow metal.

Gold News

Forex Majors

Cryptocurrencies

Signatures