US Stock Markets Face Downward Pressure Ahead of FOMC Rate Decision

Published 03/19/2025, 04:20 AM
  1. S&P 500 Futures March has a potential bear flag, so a break below 5610 should be a sell signal for today.
    The low and high for the last session were 5600 - 5686.
    (To compare the spread to the contract you trade)
  2. Nasdaq 100 Futures March collapsed from strong resistance at 19850/950 with shorts working as we hit targets of 19750, 19650
    Last session high and low for the last session were: 19397 - 19858.
  3. Dow Jones Futures March resistance at 42000/42200.
    Last session high and low for the last session were: 41435 - 41920

Emini S&P March Futures

  • Emini S&P has a potential bear flag, so a break below 5610 should be a sell signal for today.
  • Targets: 5580, 5550, 5530
  • Try longs at support at 5530/20 with stop below 5505 again this week.
    Targets: 5555, 5570
  • A break below 5505 is a sell signal targeting 5500, 5680, perhaps as far as 5660.

S&P Futures-4-Hour Chart

Nasdaq March Futures

  • Emini Nasdaq did target strong resistance at 19850/950 with a high for the day but shorts need stops above 20050.
  • Targets: 19750, 19650
  • The break below 19600 can target 19400.
  • Emini Nasdaq has probably broken to the downside of a rising wedge in the short-term bear trend and holding short-term resistance at 19600 adds pressure to the downside targeting that support at 19250/19150
  • Shorts need stops above 19800.
  • A buying opportunity at 19250/150 but longs need stops below 19000.
  • A break below 19000 is a sell signal targeting 18850, 18600
  • A break above 20050 can target a sell opportunity at 20300/20400 and shorts need stops above 20550.

Nasdaq Futures-4-Hour Chart

Emini Dow Jones March Futures

  • Emini Dow Jones Strong resistance at 42000/200 and shorts need stops above 42350.
  • Targets: 41800, 41600
  • We could fall as far as 41400/300.
  • A break below 40700 targets 40400, perhaps as far as 4010

Dow Futures-4-Hour Chart

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