Precision Trading: Today’s Best Setup Explained: S&P, Nasdaq & Dow Jones

Technical analysis, signals & buy levels for the stock markets today.

 

4th June 2026


Emini S&P futures.

  • Emini S&P June futures we wrote: There is a good chance that we are about to establish a short term sideways trading range after such significant gains recently…A consolidation is normal, to ease overbought conditions.
  • Good timing as we see the first down day for 11 sessions.
  • But there is definitely no sell signal so I do not recommend gambling on a downturn at this stage.
  • We broke minor support at 7575/7565 this time, to test better support at the previous all time high at 7540/7535.
  • Longs need stops below 7530.
  • A break lower however can target support at 7515/7505 & longs need stops below 7495.
  • Just be aware that a break below here risks a slide to 7445/7440.
  • If we happen to recover & break the all time high at 7632, look for 7640/50, perhaps as far as 7670/7675.

    Nasdaq futures.

    • Emini Nasdaq June futures edged higher for a new all time high at
    • 30807.
    • There’s a possibility that we form a sideways range to consolidate recent significant gains.
    • Yesterday we did reverse & close lower on the day, so perhaps my timing is right & this is the start of a consolidation.
    • However again, further gains are not out of the question with my next target of 30750/790.
    • Short term support at 30310/270 & longs need stops below 30210.
    • A break lower risks a slide to but below 30150/130, perhaps as far as support at 30000/29950 & longs need stops below 29850.

    Emini Dow Jones futures 

    • Emini Dow Jones June collapsed from the new all time high at 51443.
    • We are testing support again at 50920/50855 after we made a low for the day here on Tuesday, & longs need stops below 50720.
    • A break lower can target support at 50550/480 & longs need stops below 50350.


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