1. Emini S&P September futures collapsed as far as support at 5635/25 The low & high for the last session were 5632 - 5717. (So you can compare the spread to the contract you trade).

  2. Emini Nasdaq September futures collapsed to support at 20100/20050. Last session high & low for the SEPTEMBER futures contract: 19965 - 20597.

  3. Emini Dow Jones September futures continue higher as expected. Last session high & low for the SEPTEMBER futures contract: 41095 - 41546.

Emini S&P September futures

  • Collapsed through support at 5675/65  to the next support at 5635/25 & made a low for the day here. Longs need stops below 5620.

  • I would take a break below 5620 as a sell signal targeting 5600/5595. I think there is a good chance of a low for the day here but longs need stops below 5585.

Nasdaq September futures

  • Emini Nasdaq hit the buying opportunity at 20100/20050 & over ran to 19965 but made a quick recovery from here. I am looking for targets of 20200 & 20320. I would not rule out a recovery as far as 20450.

  • I would try a short at 20580/620, with stops above 20690. Targets: 20500, 20400, 20250

Emini Dow Jones September futures

  • Beat the all time high at 40350/360 for an important buy signal for this week hitting targets of 40630/660 & 40710/750 but we have reached as far as 41299

  • Next targets: 41350/400 (hit yesterday) & 41680/710 (possible today). Support at 40680/630 & longs need stops below 40500.

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