-
Emini S&P June futures headed lower as predicted to my target & strong support at 5050/40. We made a low for the day exactly here as predicted.
-
Emini Nasdaq if you were short on the break below 18000 or managed to short on the bounce towards this level, the shorts worked perfectly as we hit my target of 17680/670 for profit taking. A chunky 300 ticks profit.
Emini S&P: broke 5140 as expected to trigger my sell signal targeting strong support at 5050/40. A low for the day exactly here & an easy 900 tick profit on the trade.
-
Targets for our longs are 5080 & 5110. If we continue higher above 5120 look for 5140/50 for profit taking on any remaining longs.
-
Strong resistance at 5150/60 & shorts need stops above 5170.
Nasdaq June futures: collapsed breaking my buying opportunity at 18050/18000 for a short term sell signal targeting 17840/830 & 17680/670 for profit taking on shorts.
-
We now have long positions at my buying opportunity at 17640/580, with a low for the day exactly here yesterday & longs need stops below 17500. Targets: 17830, 17950
-
Obviously we have strong resistance again at 18,000/18,100 & shorts need stops above 18,200.
The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.
Recommended content
Editors’ Picks
AUD/USD: Gains appear capped near 0.6580
AUD/USD made a sharp U-turn on Tuesday, reversing six consecutive sessions of gains and tumbling to multi-day lows near 0.6480 on the back of the robust bounce in the Greenback.
EUR/USD looks depressed ahead of FOMC
EUR/USD followed the sour mood prevailing in the broader risk complex and plummeted to multi-session lows in the vicinity of 1.0670 in response to the data-driven rebound in the US Dollar prior to the Fed’s interest rate decision.
Gold stable below $2,300 despite mounting fears
Gold stays under selling pressure and confronts the $2,300 region on Tuesday against the backdrop of the resumption of the bullish trend in the Greenback and the decent bounce in US yields prior to the interest rate decision by the Fed on Wednesday.
Bitcoin price tests $60K range as Coinbase advances toward instant, low-cost BTC transfers
BTC bulls need to hold here on the daily time frame, lest we see $52K range tested. Bitcoin (BTC) price slid lower on Tuesday during the opening hours of the New York session, dipping its toes into a crucial chart area.
Federal Reserve meeting preview: The stock market expects the worst
US stocks are a sea of red on Tuesday as a mixture of fundamental data and jitters ahead of the Fed meeting knock risk sentiment. The economic backdrop to this meeting is not ideal for stock market bulls.