S&P 500 Futures June gapped above Friday’s high, jumping 100 points. The low and high for the last session were 5739- 5825. On the other hand, Nasdaq 100 Futures June break above 20200 was our buy signal and we hit targets of 20290 and 20350/370. Last session high and 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 is at 5810/20 today, and shorts need to stop above 5830.
Targets: 5790, 5770
- A break above 5830 is a buy signal and sees 5820/10 then act as support to target 5860 and 5880.
Nasdaq June Futures
- Emini Nasdaq break above 20200 hit targets 20290 and 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 20150/10,0 and longs need stops below 20000.
