Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

S&P 500, NASDAQ And Dow Jones Daily Forecast

By Jason SenStock MarketsJun 25, 2021 04:08AM ET
S&P 500, NASDAQ And Dow Jones Daily Forecast
By Jason Sen   |  Jun 25, 2021 04:08AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

S&P 500 E-mini September longs at best support at 4215/05 worked as we bounce back to 4264. Bear in mind that a weekly close above 4268 leaves a bullish engulfing candle on the weekly chart which would start next week with a buy signal.

NASDAQ September we wrote: the recovery from just above support at 13940/900 beats the all time high at 14218 reaching 14300. Further gains are likely towards the next target of 14450/500.

We held just 28 ticks from this week’s target.

Dow Jones E-mini September beat all the resistance levels in a 950 tick recovery to form a bullish engulfing candle on the daily chart. The break above key resistance at 34000/34050 is another buy signal as we hit the next target of 34180/230.

Today’s Analysis

E-mini S&P bounce from best support at 4215/05 worked on the bounce to the all time high for the September contract at 4264/67. A break above here is an obvious buy signal initially targeting 4295/99.

Minor support at 4230/25. Best support again at 4215/05. Longs need stops below 4200. A break lower targets 4180/75. A break below 4165 risks a retest of this week’s low & strong support at 4135/25.

NASDAQ almost at the next target of 14450/500 as predicted. This is the main challenge for bulls today but obviously shorts are very high risk in the bull trend despite severely overbought conditions. Bulls need a weekly close above 14550 for a buy signal at the start of next week.

There is a bearish engulfing candle on the 60 min chart which may trigger a consolidation but I would not take this as a sell signal. Therefore the downside should be limited. First support at 14300/270, better support at 14200/180. Longs need stops below 14140.

E-mini Dow Jones September through key resistance at 34000/34050 to the next target of 34180/230 as we look for 34320/340 then 34500.

I assume the downside will be limited after this week’s bullish engulfing candle. Minor support at 34050/34000. Strong support at 33850/800.

Emini S&P 500 Chart
Emini 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 realised. 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.

S&P 500, NASDAQ And Dow Jones Daily Forecast

Related Articles

S&P 500, NASDAQ And Dow Jones Daily Forecast

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email