Stock markets hit new all time highs as expected

Emini S&P futures

• Emini S&P June futures higher as expected with a new all time high now at 7540.
• We should find support at 7455/7445 & longs need stops below 7430.
• Just be aware that a weekly close below 7430 starts next week on a slightly less positive outlook & risks a slide to 7410/7400, perhaps as far as 7370/7360...but probably no further.
• A break above 7540 can target 7570/75 then 7590/7595, perhaps as far as 7610.

Nasdaq futures.

• Emini Nasdaq June futures longs at my first support at 29480/380 worked perfectly with a low for the day exactly here.
• We shot higher again as predicted to hit my next target of 29720/780 & a new all time high exactly here at 29782.
• A nice easy profit of around 300 ticks for the day.
• If we continue higher today look for 29950/30000.
• First support again at 29480/380 & longs need stops below 29300.
• A break lower however risks a slide to minor support at 29100/29000...with strong support at 28850/750 & longs need stops below 28650.