S&P 500, NASDAQ And Dow Jones Daily Forecast
Jason Sen | Apr 19, 2021 06:25AM ET
E-mini S&P 500 JUNE trying a break above 4155/60 at the end of the week.
NASDAQ JUNE struggles at strong resistance at the big 14000 number as expected.
E-mini Dow Jones hits 34144.
h2 Today’s Analysis/h2E-mini S&P holding above 4170/80 this week is positive, initially targeting 4195/4200 then 4215/18, perhaps as far as 4231/34.
We are seeing daily ranges of only 0.5 – 1% as we edge slowly higher day after day despite severely overbought conditions. First support at 4155/50 but below 4140 can target 4125/15.
NASDAQ struggles at strong resistance at the big 14000 number all last week.
Obviously a sustained break above 14050 opens the door to further significant gains, initially targeting 14170/200.
Strong support at 13850/800. Longs need stops below 13750.
E-mini Dow Jones downside is expected to be limited with minor support at 34000/33950. Below 33850 risks a slide to 33750/720.
Holding above 34000 targets 34200/240 then 34600/650.
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