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US stock markets consolidate before inflation data [Video]

Will stock markets crash?

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Emini S&P September futures

  • Emini S&P had a narrow range holding support at the 6460/6455 level.
  • So watch the 90 point range from 6460/55 up to 6520/23 & 6544/47 again today.
  • These are the 3 levels to trade.
  • A break below 6450 targets 6435/6425 with strong support at 6400/6395.
  • On a break above 6549 look for 6558/60 & 6566/68.

Nasdaq September futures

  • Emini Nasdaq is holding 100 ticks below the all time high at 24000/24068 as we consolidate for 2 months.
  • Bulls need a break above here for the next buy signal of course.
  • While we remain trading sideways we should have support at 23700/23660 today.
  • A break lower can target 23550/510.

Emini Dow Jones September futures

Emini Dow Jones held in the lower half of Friday's range.

We need a break above 46630 for a chance to retest 45800/832.

We then need a break above the new all time high at 45841 to hit the next targets of 45885/46045, 46200/210 & 46410/430.

Support at 45300/45200.

A break below 45150 can target 44950.

Author

Jason Sen

Jason Sen

DayTradeIdeas.co.uk

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