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Emini S&P March made a high for the day exactly at resistance at 5645/50.
Shorts worked perfectly as we collapsed to the buying opportunity at 5540/30 (with a low for the day exactly here) & immediately rocketed 100 points
The low & high for the last session were 5534 - 5651. - Emini Nasdaq March break below 20000 was a sell signal targeting 19850/800, 19550/500 & a buying opportunity at 19250/150
A low for the day exactly here again yesterday.
Last session high & low for the last session were: 19140 - 19686. -
Emini Dow Jones March made a high for the day exactly at resistance at 42100/200 & collapsed to my target of 41400/41200 - a low for the day here.
Last session high & low for the last session were: 41219 - 42128
Emini S&P March futures
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Emini S&P shorts at resistance at 5645/50 worked perfectly as did longs at support at 5540/30.
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I expect resistance at 5678/88 today & shorts need stops above 5700.
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Targets: 5650, 5635, 5620
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A break above 5700 can target 5730 & resistance at 5770/80. Shorts need stops above 5790.
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Support again at 5540/30 & longs need stops below 5520.
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Targets: 5555, 5570, 5585.
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A break below 5510 is a sell signal targeting 5500, 5680, perhaps as far as 5660.
Nasdaq March futures
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Emini Nasdaq made a low for the day exactly at the buying opportunity at 19250/150.
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Again longs need stops below 19000 on a retest today - perhaps this will be the low for the correction.
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A break below 19000 is a sell signal targeting 18850, 18600
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Minor resistance at 19600/620 was tested with a high for the day at 19686 & we should struggle here again today - Yesterday I said we may reverse and retest the buying opportunity at 19250/150.
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This is exactly what happened & could do again today
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However a break above 19700 can target 19850/950 with a good chance of a high for the day here but shorts need stops above 20050
Emini Dow Jones March futures
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We made a high for the day exactly at resistance at 42100/200 & collapsed to my target of 41400/41200 with a low for the day exactly here.
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A perfect call!!
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41300/41200 is important support today.
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Targets on the bounce are 41650 & 41800.
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I expect strong resistance at 42100/200 & shorts need stops above 42350.
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A break below 40950 is a sell signal targeting 40700/600, perhaps as far as 40200.
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