Stock markets tumble on the Iran attack

1. Emini S&P June has collapsed as Israel attacks Iran. The low & high for the last session were 5987 - 6051. (To compare the spread to the contract you trade)

2. Emini Nasdaq June has collapsed to 21471. Last session high & low were: 21713- 21977.

3. Emini Dow Jones June has collapsed to 42199. Last session high & low for the last session were: 42586 - 43002.

Emini S&P June futures

• Emini S&P tested support at 6010/6000 & longs needed stops below 5990, which was tricky as we over ran to 5988 before a 600 tick recovery.

• Over night we collapsed to strong support at 5950/40 & longs needed stops below 5930.

• We made a low for the over night session so far at 5927.50 & of course conditions are more volatile as the situation develops.

• If we continue lower look for a test of support at 5895/85.

• Longs need stops below 5875.

• We are likely to meet resistance at 5995/6005 but a break above 6010 suggests the panic is over.

Nasdaq June futures

• Emini Nasdaq made a low for the day at strong support at 21750/680 yesterday with an impressive recovery from 21713 to 21977.

• The break lower over night risks a slide to 21440/400 (a low at 21471 as I write) & perhaps as far as a buying opportunity at 21300/250.

• Resistance at 21700/21800 but a break above 21900 suggests the panic is over.

Emini Dow Jones June futures

• Emini Dow Jones made a low for the day almost exactly at support at 42660/600 before we shot higher to 43000 for up to 350 ticks profit on the longs.

• The break lower over night hit my target & buying opportunity at 42350/250 & longs need stops below 42100.

• Just be aware that a break below 42100 can target 42050/42000, perhaps as far as 41900/850.

• Longs at at 42350/250 can target 42400/450, perhaps as far as 42550/590 for profit taking.

• Further gains meet resistance at 42600/700 & shorts need stops above 42850.