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S&P 500, NASDAQ, Dow Jones Futures Forecast

Published 07/26/2021, 04:03 AM
Updated 07/09/2023, 06:31 AM

E-mini S&P September beat the all time high at 4380/85 for a buy signal for the start of this week in the incredibly long bull trend.

NASDAQ September beat the all time high at 14965/995 for a buy signal at the start of this week initially targeting 15100/120 (we topped exactly here on Friday) and 15310/340.

E-mini Dow Jones September hit the targets of 34800/850 and the all time high 34975/35000.

Analysis

E-mini S&P beat 4380/85 to hit the only resistance of any importance at 4405/10. A break above 4415 is a buy signal targeting 4455/60. First support at 4392/82. Best support at 4345/35. Longs need stops below 4325.

NASDAQ beat 14965/995 for a buy signal at the start of this week initially targeting 15100/120 (hit and held on Friday) and strong resistance at 15320/350. A break above 15400 targets 15700/750. First support at 14995/950. Strong support at 14820/770. Longs need stops below 14700.

E-mini Dow Jones September through 34670/690 to hit the targets of 34800/850 and the all time high 34975/35000. A break higher likely this week targeting 35140/180, perhaps as far as 34400/450. Minor support at 34820/780. Best support at 34650/600. Longs need stops below 34500.

S&P 500 Chart

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