E-mini JUNE trying a break above 4155/60 at the end of the week.
JUNE struggles at strong resistance at the big 14000 number as expected.
E-mini hits 34144.
E-mini S&P holding above 4170/80 this week is positive, initially targeting 4195/4200 then 4215/18, perhaps as far as 4231/34.
We are seeing daily ranges of only 0.5 – 1% as we edge slowly higher day after day despite severely overbought conditions. First support at 4155/50 but below 4140 can target 4125/15.
NASDAQ struggles at strong resistance at the big 14000 number all last week.
Obviously a sustained break above 14050 opens the door to further significant gains, initially targeting 14170/200.
Strong support at 13850/800. Longs need stops below 13750.
E-mini Dow Jones downside is expected to be limited with minor support at 34000/33950. Below 33850 risks a slide to 33750/720.
Holding above 34000 targets 34200/240 then 34600/650.
Emini S&P 500 Chart
Disclaimer: No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.