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Nasdaq June reached the 19,100/200 target with a high for the day then collapsed yesterday to 18,116

  1. Emini S&P June holds inside last Thursday's range. The low & high for the last session were 5251 - 5425. (To compare the spread to the contract you trade)

  2. Emini Nasdaq June reached the 19100/200 target with a high for the day then collapsed yesterday to 18116. Last session high & low for the last session were: 18116 - 18861.

  3. Emini Dow Jones June holding with last Thursday's range of 38631 - 41140. Last session high & low for the last session were: 39584- 40712.

Emini S&P June futures

  • Emini S&P collapsed below support at  5375/70 to hit targets 5320 & 5290/80.

  • We are currently stuck in a range with scalping levels at 5150/40, 5210/5200, 5260/5235, 5410/25 & 5485/5495.

Nasdaq June futures

  • Emini Nasdaq collapsed back below 18675/18775 to hold just above support at 18,000 - 17,900.

  • A break below 17800 however can target 17400/350, perhaps as far as 17300/250.

  • Resistance at 18.800/18880 but a break above 18940 opens the door 19.050/91.150

Chart

Emini Dow Jones June futures

  • Emini Dow Jones broke support at 40.000/40.200 to bounce just 84 ticks above my downside target of 39.500/400.

  • A break below here however can target 39.100/39.000.

  • Strong support at 38.800/38.700.

  • Longs need stops below 38.550.

  • A break lower can target 38.200/100.

  • Minor resistance at 40.100/40.200 but a break above 40300 opens the door 40450/550, perhaps as far as 40.620/40.710.

Author

Jason Sen

Jason Sen

DayTradeIdeas.co.uk

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