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E-Mini S&P 500, NASDAQ, E-Mini Dow Jones Forecast

By Jason SenStock MarketsJul 05, 2021 02:43AM ET
www.investing.com/analysis/emini-sp-500-nasdaq-emini-dow-jones-forecast-200589754
E-Mini S&P 500, NASDAQ, E-Mini Dow Jones Forecast
By Jason Sen   |  Jul 05, 2021 02:43AM ET
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E-mini S&P September started last week with a buy signal and gained another 70 points, reaching next targets of 4320/23 and 4340/45 on Friday. A new all time high at 4347.

NASDAQ September finally beat the next target of 14590/600 after a short consolidation in the bull trend hitting the next target of 14660/680.

E-mini Dow Jones September consolidated at the start of last week allowing us to buy in to longs at best support at 34130/100. This worked perfectly with a 600 tick bounce to the next target of 34500/510, then 34652 and as far as the June high at 34700 on Friday.

Analysis

E-mini S&P moved higher to the next targets of 4320/23 and 4340/45 as predicted. No sell signal despite severely oversold conditions so we must assume the downside will be limited in the strong bull trend. First support at 4300/4295, second support at 4270/65.

NASDAQ was holding first support at 14460/440 to target 14550, 14590/600 and 14660/680. Further gains are expected to 14750/800 and 14940/990.

The downside should be limited in the strong bull trend. First support at 14610/580. Second support at 14510/470.

E-mini Dow Jones September retested the June high for the September contract at 34700/720. A break higher targets

Downside is likely to be limited with minor support at 34660/630 and again at 34460/430, best support at 34320/280. but longs need stops below 34200.

E-mini S&P 500 Chart
E-mini 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 realized. 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.

E-Mini S&P 500, NASDAQ, E-Mini Dow Jones Forecast
 

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E-Mini S&P 500, NASDAQ, E-Mini Dow Jones Forecast

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Comments (2)
Ahmed Abdallah
Ahmed Abdallah Jul 06, 2021 10:21PM ET
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Why the dow is pad and nasq is very hold
Ali Nawaz Nawaz
Ali Nawaz Nawaz Jul 05, 2021 3:06AM ET
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Ali Nawaz
 
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