Technical analysis and signals: S&P, Nasdaq and Dow Jones
Finance Technical analysis and signals: S&P, Nasdaq and Dow Jones We have dipped to support at 7530/20 & longs need stops below 7510. So far the trade is working as we bounce to 7548 & hopefully can target 7555 before a retest of the new all time high at 7569. Then a break higher targets 7590/7595, perhaps as far as 7645/55. However a break below 7510 risks a slide to 7490/7485, with good support at 7465/60. Nasdaq futures Emini Nasdaq June futures beats the all time high at 29782 for a buy signal. Targets: 29950/30000 (already hit) then 30450/490. We held first support at 29750/29650 & longs need stops below 29550 if retested today. Emini Dow Jones futures Emini Dow Jones June beat all time high at 50292 for a buy signal targeting 50630/690 then 50940/990. Both targets hit with a new all time high at 51209…but we have unexpectedly collapsed. First support at 50300/50200 & longs need stops below 50000. Just be aware that a break above the all time high can target 52050/52150.