US stock markets test resistance this morning

Jason Sen DayTradeIdeas.co.uk

Emini S&P June gapped above Friday's high, jumping 100 points. The low & high for the last session were 5739- 5825. (To compare the spread to the contract you trade)
Emini Nasdaq June break above 20200 was our buy signal & we hit targets of 20290 & 20350/370. Last session high & low for the last session were: 20050 - 20409.

Emini S&P June futures

Emini S&P break above 5780 opens the door to 5810/20 which was hit quickly yesterday
Resistance at 5810/20 today & shorts need stops above 5830. Targets: 5790, 5770
A break above 5830 is a buy signal & sees 5820/10 then act as support to target 5860 & 5880.

Nasdaq June futures

Emini Nasdaq break above 20200 hit targets 20290 & 20350/370.
Minor resistance at 20450/500 is key to direction today.
A break above 20500 is another buy signal targeting 20560/580 but we should struggle here.
Bulls need a break above 20600 for the next buy signal.
Holding minor resistance at 20450/500 targets a buying opportunity at 20150/100 & longs need stops below 20000.

Author

Jason Sen

DayTradeIdeas.co.uk

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