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Emini Nasdaq June reached the 19,100/200 target

  • Emini S&P June more stable with the smallest range for 8 trading sessions.
    The low & high for the last session were 5206 - 5418.

  • Emini Nasdaq June reached the 19100/200 target.
    Last session high & low for the last session were: 18737 - 19256.

  • Emini Dow Jones June had the smallest range for a week.
    Last session high & low for the last session were: 39211- 40613.

Emini S&P June futures

  • Emini S&P beat 5360/80 so holding above here again today can retarget 5425, 5440 then 5475/80.

  • These 3 targets were hit yesterday.

  • Resistance at 5500/10 held with a high for the day less then 3 points below here & shorts need stops above 5530 again today.

  • A break higher targets 5555/5560.

  • Minor support at 5375/70 but below 5360 can target 5320, perhaps as far as 5290/80.

Chart

Nasdaq June futures

  • Emini Nasdaq beat minor resistance at 18675/18775 this time so this area is now minor support for today.

  • A break below 18675 risks a slide to 18520/500 before support at 18,000 - 17,900.

  • A break below 17750 however can target 17400/350, perhaps as far as 17300/250.

  • Holding above 18775 allows a retest of 19100/200 (hit yesterday with a high for the day 56 ticks above) before a retest of 19330/380.

  • A break above 19,500 can target trend line resistance at 19700/750 so a break above 19800 should be a buy signal targeting 20,000 to 20,100.

  • A high for the day is possible here.

Nasdaq

Emini Dow Jones June futures

  • Emini Dow Jones held 40200/40000/40200 on the downside to hit the targets of 40550/650 & 41000/41140, with a high for the day exactly here.

  • A break above 41,400 should be a buy signal for today targeting 41,750 / 41,850 with resistance at 41,900 /42,100 And shorts need stops above 42,400.

  • Support again at 40200/40000.

  • A move back below 39900 risks a slide to 39750/700, perhaps as far as 39500/400

  • Strong support at 38800/38700.

  • Longs need stops below 38550.

  • A break lower can target 38200/100.

DOW

Author

Jason Sen

Jason Sen

DayTradeIdeas.co.uk

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