A Good Recovery in Stock Markets After a Small Correction
Jason Sen | Jul 10, 2025 03:22AM ET
Emini S&P September Futures
- Emini S&P shot higher from the buying opportunity at 6245/35 through minor resistance at 6275/6280 as predicted to the next target of 6295/99.
- The break above 6305 suggests further gains towards 6315/18 (hit in the afternoon )before a retest of the new all time high at 6330/6333 (probably before the end of the week).
- A break higher this week (or close above here tomorrow night) can target 6352/55 and 6365/67.
- Eventually, 6377/80 and even 6390 is possible.
- We should have support at 6287/83 and again at 6260/55.
Nasdaq September Futures
- Emini Nasdaq made a low for the week a little above my buying opportunity at 22730/690 in a small downside correction.
- We wrote: I assume bulls will go for a retest of 23000/23100 today or tomorrow.
- That target was quickly achieved yesterday as predicted.
- On a break higher this week's targets are 23150/155, 23220/230 and 23300/310.
- Eventually, we can reach as far as 23350/370 and 23410/430 with 23500/510 certainly not out of the question.
- Watch for that buying opportunity at 22730/690 and longs need stops below 22580.
Emini Dow Jones September Futures
- Emini Dow Jones made a low for the day exactly at my buying opportunity at 44430/44360.
- Longs worked perfectly as we shot higher to retest the all time high at 44814/45176.
- A break higher tests the trend line joining the all-time high peaks from early December to late January at 45350/400.
- Bulls need a break above here for a new buy signal initially targeting 4500/530 & 45960/46000.
- Above here look for 46450/500 and 46860/890.
- A buying opportunity again at 44430/44360 and longs need stops below 44250.
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