MAR MINI S&P 500
- Closing price: (2663.50)
- Target price: None at the moment
- Resistance: 2685.00, 2700.00+
- Support: 2626.00, 2590.00?, 2584.00*
- Trend: Down / daily
- Trend reversal price: 2745.00 / daily session close
- Comment: The trend is still down. However, the double low around 2530.00+/- is triggering rebounding action and could foster further rallies today. Be prepared for retracements just shy of 2700, but retracements will find bear forces likely checking rallies under the 2726.75 minor high. A drop under 2617.50 renews bear forces, but close under 2584.00* is bearish is needed to attack the double low.
- Closing price: (24626)
- Target price: None at the moment
- Resistance: 24884, 25310*
- Support: 24218-, 23863, 23500-
- Trend: Down / daily
- Trend reversal price: 25310
- Comment The trend is still down. A breakout under last Friday's low projects a washout to 22745. The spike low and recovery from under the 23400- level currently hints for rebounding action and could foster rallies today. Rebounds blunted near 24884 could roll trade to defensive congestion back under 24000-. A close under 23863 is negative. A close over 25210* highlights a bottoming upturn.
MAR MINI NASDAQ 100
- Closing price: (6560.50)
- Target price: None at the moment
- Resistance: 6597.25, 6644.00, 6710.00*
- Support: 6418.00, 6319.50*
- Trend: Down daily
- Trend reversal price: 6710.00 / daily session close
- Comment The trend is still down. A breakout under 6319.50* projects a washout against the recent low. Near term trade is showing corrective rebounds and favors additional retracements going into today. However, rebounds stopped near 6644.00 could prompt a roll back lower. A close over 6710.00* signals a bottoming turn.
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MAR MINI RUSSELL
- Closing price: (1496.20)
- Target price: None at the moment
- Resistance: 1502.00+, 1516.00, 1541.20*
- Support: 1458.00*-1450.00, 1416.00*
- Trend: Down / daily
- Trend reversal price: 1541.20 daily session closeComment: The trend is down, but near term working through sideways higher corrections / consolidation. A surge over 1516.00 is near term friendly. A close over 1541.20* starts a turnaround. Rejected recovery action over 1500.00 hints for a roll off with a close under 1458.00* calls for another selloff under 1440.00-.