-
Emini S&P December barely moving as we trade mostly sideways for 7 sessions. The low & high for the last session were 5756 - 5820. (To compare the spread to the contract you trade)
-
Emini Nasdaq December hit my target & buying opportunity at 42350/250. Last session high & low for the last session were: 20056 - 20287.
-
Emini Dow Jones December longs at 42350/250 worked perfectly, hitting both targets before the close. Last session high & low for the last session were: 42245 - 42715.
Emini SP 500 September futures
-
Emini S&P moved very little last week, holding a 85 point range as we are struggle to push higher in severely overbought conditions. Shorts are a bad idea without a sell signal in such a strong longer term bull trend.
-
So I have no strong signals but if we continue higher look for 5875/85, perhaps as far as 5900/05.
-
My best suggestion on how to trade this market is to buy at support but be quick to take a profit in the low volatility conditions.
-
HOWEVER unfortunately we over ran the next support at 5775/5770 hitting 5756 before seeing the expected rebound.
-
If we continue lower today look for strong support at 5745/35 & longs need stops below 5730. Targets: 5755 & 5765.
-
A break lower this week however could target 5695/90 & even support at 5680/70. Longs here need stops below 5660.
Nasdaq September futures
-
The break above the August high of 20217/251 hit my targets of 20330/340 & 20400/430, but not quite as far as 20600 just yet, with a high for the week at 20538.
-
We just held at support at 20250/150 yesterday but longs need stops below 20050.
-
If we continue lower this week we meet very strong support at 19900/800 & longs need stops below 19700.
Emini Dow Jones September futures
-
We wrote: I think gains are likely to be limited in severely overbought conditions but there is definitely no sell signal & I will remain a buyer on any profit taking.
-
We did dip as far as support at 42350/250 as predicted & this did prove to be an excellent buying opportunity but longs need stops below 42150 on a retest today.
-
Targets of 42500 & 42650 were hit immediately, meaning we caught the low & high for the day.
-
A break lower this week however risks a slide to 42000/41900 & longs need stops below 41800.
The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.
Recommended content
Editors’ Picks
Gold gives away some gains, slips back to $2,980
Gold retraced from its earlier all-time highs above the key $3,000 mark on Friday, finding a footing around $2,980 per troy ounce. Profit-taking, rising US yields, and a shift to a risk-on environment seem to be putting the brakes on further gains for the metal.
EUR/USD remains firm and near the 1.0900 barrier
EUR/USD is finding its footing and trading comfortably in positive territory as the week wraps up, shaking off two consecutive daily pullbacks and setting its sights back on the pivotal 1.0900 mark—and beyond.
GBP/USD remains depressed, treads water in the low-1.2900s
GBP/USD is holding steady in consolidation territory after Friday’s opening bell on Wall Street, hovering in the low-1.2900 range. This resilience comes despite disappointing UK data and persistent selling pressure on the USD.
Crypto Today: BNB, OKB, BGB tokens rally as BTC, Shiba Inu and Chainlink lead market rebound
Cryptocurrencies sector rose by 0.13% in early European trading on Friday, adding $352 million in aggregate valuation. With BNB, OKB and BGB attracting demand amid intense market volatility, the exchange-based native tokens sector added $1.9 billion.
Week ahead – Central banks in focus amid trade war turmoil
Fed decides on policy amid recession fears. Yen traders lock gaze on BoJ for hike signals. SNB seen cutting interest rates by another 25bps. BoE to stand pat after February’s dovish cut.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.