Emini S&P 500 Above 2843 Allows A Selling Opportunity At 2860/63

Emini S&P 500 Above 2843 Allows A Selling Opportunity At 2860/63

Emini S&P 500 – Nasdaq Daily Forecast – May 14, 2019

Emini SP 500 _ Nasdaq

Emini SP 500 _ Nasdaq

Emini S&P overran the best support for this week at 2811/09 by only 10 points and bounces back as I write targeting 2822/24, perhaps as far as strong resistance at 2835/38. We should struggle here, but above 2843 allows a recovery to 2849/50 and a selling opportunity at 2860/63, with stops above 2870.

A break below 2799 is an important sell signal targeting 2790/89 and support at 2779/76. On further losses look for 2766/63, perhaps as far as 2758/56.

Nasdaq first resistance at 7370/80. Above 7390 is more positive testing minor resistance at 7425/35. A break above 7440 targets 7470/80 and strong resistance at 7505/15.

A break below 7290 targets 7275 then 7235/25. A break below 7210 targets strong support at 7170/60. Longs need stops below 7130.

Emini S&P 500 Above 2843 Allows A Selling Opportunity At 2860/63

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.