Emini S&P futures
Emini S&P SEPTEMBER futures longs at important support at 7635/7625 were triggered, with a good recovery from 7619 to 7691.
Yesterday we beat resistance at 7710/7720 as predicted & the break above 7730 hut my next target of 7760, with a high for the day only 6 points above.
We are in a longer term bull trend so further gains are always possible.
Above 7765 today can retest Friday’s high at 7780/7782.
On a break higher this week look for 7795/7799, perhaps as far as 7815/7820.
If we continue higher look for a retest of the all time high at 7833/7838.
Minor support at 7715/7695 but a break below 7690 risks a slide to 7750/7740.
Emini Nasdaq futures
Emini Nasdaq SEPTEMBER hits the downside target & support at 29150/29050 with a low for the week here.
Longs worked perfectly on the bounce to my target of 29540/570, with a high for the day almost exactly here.
A break above 29600 can target 29800/810.
If we continue higher look for 29970/990.
On a retest of support at 29150/29050 we need stops below 28900.
A break below 298900 is a short term sell signal & can initially target 28800/860.
Below 28840 risks a slide to 28420/380.
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