Stock markets stable after Middle East attacks

1. Emini S&P June recovered most of the early losses quickly then dropped again before an over night recovery on the open. The low & high for the last session were 5927 - 6054. (To compare the spread to the contract you trade).
2. Emini Nasdaq June collapsed to 21471 before a quick recovery to resistance at 21700/21800. Shorts here certainly worked. Last session high & low were: 21471- 21915.
3. Emini Dow Jones June was hit hard, reaching 41920 over night. Last session high & low for the last session were: 42090 - 42954.

Emini S&P June futures

• Emini S&P collapsed to strong support at 5950/40 & longs needed stops below 5930.
• We made a low for the over night session at 5927.50 & managed a strong recovery.
• We beat resistance at 5995/6005 on the recovery.
• We have been stuck in a 160 point range throughout June.
• A low for the range at 5930/10 & a high for the range at 6050/6075.
• Below the low of the range we test of support at 5895/85.
• Longs need stops below 5875.
• There's minor 1 week trend line resistance at 6025/30 & 6055/6060.
• We need a breakout of the range to get some clarity & direction.

Nasdaq June futures

• Emini Nasdaq made a low for the day just above the 21440/400 target.
• We have been stuck in a 900 point range throughout June.
• Further losses meet a buying opportunity at 21300/250 this week.
• Resistance again at 21700/21800 but a break above 21900 this time suggests the panic is over & can target 21970/990 before a retest of 22050/22106.

Emini Dow Jones June futures

• Emini Dow Jones longs at my buying opportunity at 42350/250 worked perfectly with a low for the day only 50 ticks lower & a 400 tick recovery.
• In fact we had 2 chances at this buying opportunity hitting 42550/590 for profit taking.
• Shorts at resistance at 42600/700 also worked twice - the perfect scalping day with 4 winning trades & up to 1400 ticks profit.
• On the over night open we broke lower to my next targets of 42050/42000 & 41900/850.
• A low for the session so far just 20 ticks above here.
• Minor resistance at 42200/42250 so above 42300 targets 42400/42450.
• A high for the morning is certainly possible here but shorts need stops above 42550.
• Further gains target 42700/750.
• A break below 41850 risks a slide to 41650, perhaps as far as 41350/300.