|

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

More from Jason Sen
Share:

Editor's Picks

EUR/USD challenges 1.1700, six-week lows

EUR/USD remains under heavy downside pressire in quite a dfrreadful start to the new trading week, putting the 1.1700 support to the test amid the marked rebound in the US Dollar. The flight-so-safety environment continues to support the Greenback following the escalating conflict in the Middle East.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold shifts its attention to $5,600 on fligh-to-safety mood

Gold climbs to levels last seen in late January past the $5,400 mark per troy ounce on Monday. The yellow metal’s strong uptick remains fuelled by incresing geopolitical tensions in the Middle East and the consequent demand for safer assets.

Bitcoin on brink of breakdown amid US-Iran war

Bitcoin (BTC) remains under pressure near the key support level of $65,700. Trading at $66,400 at the time of writing on Monday, a breakdown below this critical level would suggest a deeper correction ahead.

The week ahead: Conflict in the Middle East jolts markets

Events in the Middle East are obviously dominating financial markets this morning. The Brent crude oil price is extending gains and is higher by more than 8%, stock futures are pointing lower and the gold price is higher by more than 2%. 

Pi Network Price Forecast: Core team offloads supply, weighing on PI recovery

Pi Network  hovers below $0.1700, broadly steady at press time on Monday, attempting a recovery after a 2% loss the previous day. Sunday’s decline aligned with nearly 49 million PI tokens offloaded by the Pi Foundation, implying a spike in supply pressure that capped the prevailing four-day recovery.