Emini S&P September futures collapsed through support at 5545/35 for a a sell signal targeting 5505/00 & we fell as far as 5462.
The low & high for the last session were 5462 - 5585.
Emini Nasdaq September futures shorts at resistance at 20030/080 worked perfectly hitting all targets as far as 19600.
Last session high & low for the September futures contract: 19168 - 19883.
Emini Dow Jones September futures headed lower as predicted to my strong support at 40100/40000. A low for the day exactly here.
Last session high & low for the September futures contract: 40053 - 40583.
Emini S&P September futures
Crashed through support at 5545/35 for a sell signal & hit 5462.
Minor resistance at 5500/05 could see a high for the morning but the best sell opportunity for the day is at 5520/25 & shorts need stops above 5535.
Targets: 5505, 5490, 5470
A break above 5535 is a buy signal targeting 5545 & 5560.
A break below 5458 is a sell signal targeting 5425 & an excellent buying opportunity at 5410/00.
Longs need stops below 5385.
Nasdaq September futures
Emini Nasdaq shorts at resistance at 20030/080 worked perfectly hitting all targets as far as 19600 for a quick & easy potential 450 tick profit
However longs at the buying opportunity at 19530/470 were stopped below 19400 giving back around 100 ticks of the profit on the day.
There is minor support in the 19200/100 area but I do not feel confident that it will holding as downside momentum builds.
If you fancy the gamble, stop below 19,000.
Further losses can target strong support at 18830/730.
Longs need stops below 18600.
Emini Dow Jones September futures
We wrote: Further losses were expected to 40700/650 & 40330/300 & even a test of strong support at 40100/40000 is possible in to next week.
We hit the target & strong support at 40100/40000 with a low for the day exactly here.
Targets for the bounce: 40300 & 40400 for profit taking.
Strong resistance at 40400/500 & shorts need stops above 40600.
A break below 39900 is a sell signal for today targeting 39600/500 for profit taking on shorts.
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