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Stock markets break higher again
- Emini S&P June made a low for the day at support at 5900/5895 & longs have worked well on the jump to all targets as far as 5990/5994.
The low & high for the last session were 5890 5952. - Emini Nasdaq June beats the 2 week high of 21530/562 for a buy signal.
Last session high & low were: 21322- 21567. - Emini Dow Jones June shot higher towards the 42550 target.
Last session high & low for the last session were: 41947 - 42476.
Emini S&P June futures
- Emini S&P made a low for the day at support at 5900/5895.
- We shot higher to hit targets of 5930, 5940/45, 5975/80 & retest the May high at 5990/5994 as predicted.
- A break above 6005 is a buy signal initially targeting 6020/25.
- Failure to beat 5990/5994 can target 5955/50. Below 5940 risks a slide to 5920/15.
Nasdaq June futures
- Emini Nasdaq beat the May high at 21530/562 for a buy signal targeting 31650 & 21800/830, perhaps as far as 21950.
- We should have support at 21562/530but longs need stops below 21480.
- A break below here risks a slide to 21320/300, perhaps as far as 21250/200.
Emini Dow Jones June futures
- Emini Dow Jones beat resistance at 41800/900 to target 42350 & 42550 as expected & we are on the way to the May high at 42976.
- A break above 43000 targets 43150/180 & 43450/500.
- However failure to beat the May high at 42976 leaves a short term double top in place & risks a slide to 42480/430, perhaps as far as 42300/250.
Author
Jason Sen
DayTradeIdeas.co.uk
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