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).
Emini Nasdaq September futures collapsed to support at 20100/20050. Last session high & low for the SEPTEMBER futures contract: 19965 – 20597.
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.
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.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : FXStreet – https://www.fxstreet.com/news/us-stock-markets-plunge-to-support-levels-202407180712
