- Emini S&P June futures headed lower as predicted to my target and strong support at 5050/40.
We made a low for the day exactly here as predicted. - Emini Nasdaq if you were short on the break below 18000 or managed to short on the bounce towards this level, the shorts worked perfectly as we hit my target of 17680/670 for profit taking.|
A chunky 300 ticks profit. - Targets for our longs are 5080 and 5110. If we continue higher above 5120 look for 5140/50 for profit taking on any remaining longs.
- Strong resistance at 5150/60 and shorts need stops above 5170.
- We now have long positions at my buying opportunity at 17640/580, with a low for the day exactly here yesterday and longs need stops below 17500.
Targets: 17830, 17950
Emini S&P: broke 5140 as expected to trigger my sell signal targeting strong support at 5050/40. A low for the day exactly here and an easy 900 tick profit on the trade.
Nasdaq June futures: collapsed breaking my buying opportunity at 18050/18000 for a short-term sell signal targeting 17840/830 and 17680/670 for profit taking on shorts.
Obviously, we have strong resistance again at 18,000/18,100 and shorts need stops above 18,200.
Video Analysis: