Stock markets continue higher as predicted weeks ago.
Outlook remains positive.
Emini S&P futures.
- Emini S&P June futures have not hit my next target of 7590/7595 yet.
- We have dipped to support at 7530/20 & longs need stops below 7510.
- So far the trade is working as we bounce to 7548 & hopefully can target 7555 before a retest of the new all time high at 7569.
- Then a break higher targets 7590/7595, perhaps as far as 7645/55.
- However a break below 7510 risks a slide to 7490/7485, with good support at 7465/60.
Nasdaq futures.
- Emini Nasdaq June futures beats the all time high at 29782 for a buy signal.
- Targets: 29950/30000 (already hit) then 30450/490.
- We held first support at 29750/29650 & longs need stops below 29550 if retested today.
Emini Dow Jones futures
- Emini Dow Jones June beat all time high at 50292 for a buy signal targeting 50630/690 then 50940/990.
- Both targets hit with a new all time high at 51209…but we have unexpectedly collapsed.
- First support at 50300/50200 & longs need stops below 50000.
- Just be aware that a break above the all time high can target 52050/52150
