Emini SP 500, Nasdaq, Emini Dow Jones

Emini S&P JUNE holding strong support at 4170/65 as we establish a sideways trend.

Nasdaq JUNE retests first support at 13900/850.

Emini Dow Jones sideways for 2 weeks. |The daily ranges are getting smaller. We again held first resistance at 33950/34000 & best support at 33660/610.

Daily analysis

Emini S&P strong support again at 4170/65. Longs need stops below 4160. A break lower targets 4150 & support at 4135/30. Longs need stops below 4120.

Minor resistance at the new all time high of 4209/11. If we continue higher look for 4220/22 & 4231/33.

Nasdaq double top risk at the all time high at 14060 as we hold below here all last week. A break higher however opens the door to further significant gains, initially targeting 14140/150 & 14250/270, perhaps as far as 14400.

Failure to beat the all time high at 14060 risks a small double top reversal pattern. We tested support at 13900/860 but over ran to 13818 last week. First support at 13780/750 being tested today. Longs need stops below 2 week lows at 13700. Further losses meet strong support at 13640/600.

Emini Dow Jones holding minor resistance at 33950/34000 this morning. Further gains retest the all time high at 34140/144 (held yesterday). A break higher however targets 34220/240 & 34330/350.

Minor support at 33860/830 before the best support for today again at 33660/610. Longs need stops below 33560. A break lower targets 33450/440 & strong support at 33290/240. Longs need stops below 33190.



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

Latest Forex Analysis

Editors’ Picks

EUR/USD Price Analysis: Struggles above 1.2050 inside rising wedge

EUR/USD fades the previous day’s bounce off 1.2060-55 support confluence while easing to 1.2078 amid early Friday’s Asian session. 


GBP/USD Price Analysis: Bulls lookig for breakout to the topside

Following the progression of the price action and market structures across the various time frames in GBP/USD, it can be concluded that the bulls are now in the most favourable position.


XAU/USD respects the 10-day EMA

Gold could be on the verge of a lower low, but the hourly time frame is key. The hourly support structure is guarding a break to test bullish commitments at 1,800. The 10-day EMA and confluence of the 50% mean reversion are also offering support. Gold Weekly Forecast: XAU/USD could target 200-day SMA

Gold News

Yearn Finance Price Forecast: YFI eyes consolidation after quick surge

Yearn Finance price tagged the channel’s upper trend line yesterday, falling just short of $100,000 and 261.8% Fibonacci extension target at $102,900. The sharp reversal from the trend line marks a significant turning point for YFI that will shift price action to consolidation from the uptrend beginning at the April 25 low. 

Read more

US markets lead the recovery as jobless claims decline

Ongoing inflation fears remain, yet improved jobless claims help lift spirits in the US. Meanwhile, UK reopening stocks have been dealt a blow after SAGE claimed that a rise in the Indian Covid strain could slow the pace of lockdown easing. 

Read more