|

Emini S&P September new all time high at 6,508.75

  • Emini S&P SEPTEMBER new all time high at 6508.75
    Last session high & low were: 6462 - 6508.75
  • Emini Nasdaq September new all time high at 24068
    Last session high & low were: 23734- 23963.
  • Emini Dow Jones jumps to 45340
    Last session high & low for the last session were: 44770 - 45371.

Emini S&P September futures

  • Emini S&P can target 6488/90 (hit) & 6516/20.
  • A break above 6525 can target 6550/6555.
  • First support at 6465/6460 & we made a low for the day exactly here on Friday.
  • Today, longs need stops below 6455.
  • Very strong support at 6445/6435 & longs need stops below 6425.

Nasdaq September futures

  • Emini Nasdaq break above 23800/23845 targets 23960/990 (hit) then 24150/200 (almost there!).
  • Above 24240 look for 24400.
  • We made a low for the day exactly at an excellent buying opportunity at 23790/740 on Friday & longs need stops below 23650 on Monday.
  • Just be aware that a break below 23650 risks a slide to 23300/260

Emini Dow Jones September futures

  • Emini Dow Jones made a new all time high at 45371, just below the longer term trend line at 45400/45450.
  • Obviously we need a daily close above here any day this week for a new buy signal.
  • Failure to beat 45400/45450 risks a slide to 45070 (would you believe this was the exact low after the test of the trend line) & even 44800/750 is possible.

Author

Jason Sen

Jason Sen

DayTradeIdeas.co.uk

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens.

More from Jason Sen
Share:

Editor's Picks

AUD/USD sticks to positive bias above 0.7100; lacks bullish conviction

AUD/USD trades with a positive bias for the second straight day, holding above 0.7100 in the Asian session on Friday as softer US bond yields keep US Dollar bulls on the back foot. Furthermore, hawkish RBA Governor Bullock's comments boost rate hike bets and support the Aussie. However, the Fed's hawkish outlook, along with geopolitical uncertainties, limits USD losses and caps the pair.

USD/JPY retreats below 157.00 as Ueda speaks on outlook

USD/JPY reverses the uptick to two-week highs near 157.30 in the European session on Friday as the Japanese Yen finds some respite from BoJ Governor Ueda's comments at the post-monetary policy meeting press conference. Earlier in the day, the central bank hiked the interest rate to 1.25%, with a surprise 7-2 vote.

Gold advances to fresh weekly top; eyes $$4,400 as softer US bond yields cap USD gains

Gold attracts some follow-through buying for the second straight day, and touches a fresh weekly high heading into the European session. US bond yields retreat further from multi-year highs as the recent pullback in crude oil prices helped alleviate immediate fears of runaway inflation. This caps gains for the US Dollar and supports the bullion.

Bitcoin extends recovery, Ethereum eyes $2,500, XRP holds $1.30
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) extend their recovery, trading above $76,700, $2,400 and $1.300, respectively, on Friday. These top three cryptocurrencies now face key technical levels that could determine whether their recoveries extend further or pull back.
Cardano extends gains on bullish derivatives
Cardano (ADA) extends its recovery, trading above $0.210 at the time of writing on Friday, after finding support around a key zone earlier this week. Improving derivatives positioning and supporting technical indicators indicate growing bullish sentiment among ADA traders. Derivatives data shows a bullish tilt among Cardano traders.
How Japan became the World's Banker and why that era may be ending

Japan's ultra-low interest rates helped finance trillions of dollars in global investments for more than a decade, making the Japanese Yen one of the world’s cheapest sources of funding. With the Bank of Japan expected to tighten policy again this week, that advantage may be entering a new phase. While most major economies raised interest rates, Japan remained the world's outlier.