Emini SP 500, Nasdaq, Emini Dow Jones

19 May, 2023
Emini S&P June has broke above strong resistance at 4200/4210. I have to take this
as a buy signal.
Nasdaq June beat resistance at the 100 week & 500 day moving averages at
13460/480 for a buy signal & we have hit my target of 13730/750.
Update daily by 06:00 GMT.
Today’s Analysis.
Emini S&P June beat the February & April high and the 100 week & 500 day moving
averages at 4200/4210. I have to take this as a buy signal & longs need stops below
4190 of course.
Holding above 4220 targets 4250 & even 4280/85.
Nasdaq June longs work on the breakout buy signal as we hit my target of 13730/750,
reaching as far as 13960. I think we can reach 14250/300 now.
Obviously we have strong support at 13500/400, although I doubt we can fall to this
level now that we have a buy signal.
Emini Dow Jones June edges higher to strong resistance at 33660/690 with a high for
the day exactly here. Shorts need stops above 33750. I would take a break above
here as a buy signal targeting 33840 then 34000.
Shorts at 33660/690 can target 33550/500 for some profit taking. Below here we
could reach support at 33350/300. Longs need stops below 33250.
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