S&P 500, NASDAQ, And Dow Jones Daily Forecast
Jason Sen | May 17, 2021 03:12AM ET
E-mini S&P JUNE closed above strong resistance at 4155/65 for a more positive outlook to the start of this week.
NASDAQ JUNE topped exactly at strong resistance at 13350/390. Above 13430 is more positive for this week.
E-mini Dow Jones beat strong resistance at 34100/200.
h2 Today’s Analysis/h2E-mini S&P holding above 4165/55 targets 4190/4200 then the all time high at 4233/38.
A dip below 4145 risks a slide to 4115/05.
NASDAQ topped exactly at strong resistance at 13350/390 on Friday. Above 13430 is more positive initially targeting 13550 then strong resistance at 13630/670. Shorts need stops above 13710.
Holding strong resistance at 13350/390 risks a slide to 13200/150. Best support again at 12970/930.
E-mini Dow Jones beat strong resistance at 34100/200 to target 34440/450 and 34600/650, before a retest of the all time high at 35000.
First support at 34200/100. Below 34000 however risks a slide to 33850/750.
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