Stock Markets Stable After Middle East Attacks

 | Jun 16, 2025 04:19AM ET

  1. Emini S&P June recovered most of the early losses quickly then dropped again before an overnight recovery on the open. The low and high for the last session were 5927 - 6054. (To compare the spread to the contract you trade).
  2. Emini Nasdaq June collapsed to 21471 before a quick recovery to resistance at 21700/21800. Shorts here certainly worked. Last session high and low were: 21471- 21915.
  3. Emini Dow Jones June was hit hard, reaching 41920 overnight. Last session high & low for the last session were: 42090 - 42954.
  4. Emini S&P June Futures

    • Emini S&P collapsed to strong support at 5950/40 and longs needed stops below 5930.
    • We made a low for the overnight session at 5927.50 and managed a strong recovery.
    • We beat resistance at 5995/6005 on the recovery.
    • We have been stuck in a 160 point range throughout June.
    • A low for the range at 5930/10 and a high for the range at 6050/6075.
    • Below the low of the range we test of support at 5895/85.
    • Longs need stops below 5875.
    • There's minor 1 week trend line resistance at 6025/30 and 6055/6060.
    • We need a breakout of the range to get some clarity and direction.

    S&P Futures-4-HOUR Chart

    Nasdaq June Futures

    • Emini Nasdaq made a low for the day just above the 21440/400 target.
    • We have been stuck in a 900 point range throughout June.
    • Further losses meet a buying opportunity at 21300/250 this week.
    • Resistance again at 21700/21800 but a break above 21900 this time suggests the panic is over and can target 21970/990 before a retest of 22050/22106.

    Nasdaq Futures-4-HOUR Chart

    Emini Dow Jones June Futures

    • Emini Dow Jones longs at my buying opportunity at 42350/250 worked perfectly with a low for the day only 50 ticks lower and a 400 tick recovery.
    • In fact, we had 2 chances at this buying opportunity hitting 42550/590 for profit taking.
    • Shorts at resistance at 42600/700 also worked twice - the perfect scalping day with 4 winning trades and up to 1400 ticks profit.
    • On the overnight open we broke lower to my next targets of 42050/42000 and 41900/850.
    • A low for the session so far just 20 ticks above here.
    • Minor resistance at 42200/42250 so above 42300 targets 42400/42450.
    • A high for the morning is certainly possible here but shorts need stops above 42550.
    • Further gains target 42700/750.
    • A break below 41850 risks a slide to 41650, perhaps as far as 41350/300.
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