Emini SP 500, Nasdaq, Emini Dow Jones
30 Apr, 2023
Emini S&P June collapsed on Tuesday & Wednesday then rocketed on Thursday &
Friday holding just below strong resistance at 4200/4210.
Nasdaq June unexpectedly soared & won back all the losses from the past 8 trading
days.
Emini Dow Jones June unexpectedly shot higher to win back all of Tuesday &
Wednesday’s steep losses & make a new high for the week
Today’s Analysis.
Emini S&P June meets strong resistance at again at 4200/4210. Shorts need stops
above 4220. A break higher is a buy signal initially targeting 4250/60.
Shorts at 4200/210 can target 4165/60, perhaps as far as 4130/20.
Nasdaq June shot higher to to hold the April high at 13348. Obviously a break above
13360 is more positive but we meet 100 week & 500 day moving average resistance
at 13460/480.
If we hold the April high we have a potential double top sell signal. If you try a short,
targets are 13220/200 & 13140/120. Further losses can test support at 13000/12950.
Emini Dow Jones June broke higher to 34236, but below the April recovery high at
34275/287. A break above here this week can target the February high at
34530/550.
Support at 33900/850. Longs need stops below 33750.
Please email me if you need this report updated or Whatsapp: +66971910019
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