Emini SP 500 – Nasdaq

Emini S&P March beat strong resistance at 3780/90 with shorts stopped above 3800for a buy signal targeting 3818/23 & 3840/43 today.

Nasdaq March higher again through 13400 opening the door to a retest of the alltime high at 13550/600. We are there as I write.

Daily  Analysis

Emini S&P break above 3800 was our buy signal targeting 3818/23 & 3840/43. Thistarget has been hit as I write. Further gains certainly not out of the question for aretest of the all time high at 3857/62. Obviously a break higher is another buy signalinitially targeting 3871/74 & 3880, perhaps as far as 3895/99.

First support at 3800/3795 but longs need stops below 3785. A break lower meetssupport at 3765/60.

Nasdaq retests the all time high at 13550/600. A break higher is a buy signaltargeting 13640/650, 13680/690 & above 13710 we look for 13750/770.

Failure to beat resistance at the all time high at 13600 risks a double top sell signal.This sends prices back to 13450/400, perhaps as far as support at 13200/150.Unlikely at this stage but further losses meet strong support at 1300/12950. Longsneed stops below 12900.

fxsoriginal

Chart

SP500

Nasdaq

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 Join Telegram

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD stays under bearish pressure, closes in on 1.0500

EUR/USD stays under bearish pressure, closes in on 1.0500

EUR/USD has extended its daily slide in the American session and declined below 1.0530. The one-year inflation expectations of the Conference Board's Consumer Confidence Survey climbed to 8% in June from 7.5% in May, providing a boost to the greenback. 

EUR/USD News

GBP/USD continues to push lower toward 1.2200

GBP/USD continues to push lower toward 1.2200

GBP/USD has turned south in the American session and slid toward 1.2200. The US Dollar Index extended its daily rally toward 104.50 after the latest US data on Tuesday, forcing the pair to stay under bearish pressure. 

GBP/USD News

Gold continues to fluctuate in tight range above $1,820

Gold continues to fluctuate in tight range above $1,820

Gold is having a difficult time making a decisive move in either direction on Tuesday and fluctuating in a narrow range above $1,820. As investors assess the latest data releases from the US, the 10-year US T-bond yield clings to modest gains above 3.2%.

Gold News

Former Ripple CTO is dumping millions of XRP, traders beware

Former Ripple CTO is dumping millions of XRP, traders beware

XRP price shows promise that it is ready to trigger a massive run-up as the first half of the year comes to an end. There are three reasons why investors should be bullish on Ripple.

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!

BECOME PREMIUM

Majors

Cryptocurrencies

Signatures