US stock markets to retest the all time highs

Emini S&P SEPTEMBER held inside of Thursday's range.
Last session high & low were: 6369 - 6426
Emini Nasdaq September creeping higher towards the all time high at 23800/23845.
Last session high & low were: 23503- 23767.

Jason Sen DayTradeIdeas.co.uk

Emini S&P September futures.

Emini S&P remains stuck in a range from 6468 down to 6240/6220 since 1st July - about 5 weeks & really I need to wait for a breakout of the range.
Short term support at 6402/6398 & again at 6387/83.
Resistance at 6425/30 has held for 2 days but a break higher can retest the all time high at 6454/57.
Obviously a break above would be a buy signal if sustained.

Nasdaq September futures

Emini Nasdaq break above Thursday's high at 23671 can retest the all time high at 23800/23845.
A break higher targets 23960/990 then 24150/200.
Support at 23600/500 & longs need stops below 23400.

Author

Jason Sen

DayTradeIdeas.co.uk

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens.

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