E-mini S&P (June) / E-mini NQ (June)
S&P, yesterday’s close: Settled at 5062.25, down 30.25
NQ, yesterday’s close: Settled at 17,658.50, down 222.25
E-mini S&P and E-mini NQ futures finished lower for the fourth session in a row. Most crucially, the S&P tested our rare major four-star support at 5044-5055, this pocket aligns multiple indicators as well as the gap close on February 21st, ahead of NVDA’s earnings release. Given the relentless move down, failed bounce attempts and this critical area of support, it is imperative the bulls show up today.
Bias: Neutral/Bullish
Resistance: 5078-5082**, 5094-5097***, 5110*, 5119-5123.25***, 5127-5131.75***, 5147.25-5153.75***, 5162.75-5167.25***, 5182-5185.50**, 5207.75-5213***
Pivot: 5069.50-5075
Support: 5062.25***, 5044-5055****, 5026-5027.25**, 5018**, 4983.50-4994.25****
NQ (June)
Resistance: 17,767-17,796***, 17,850-17,874**, 17,959-17,988***, 18,051-18,072****, 18,131-18,167***, 18,226-18,254***, 18,326-18,343***
Pivot: 17,719
Support: 17,604-17,638***, 17,463-17,493***, 17323-17,372***, 17,106***
Micro Bitcoin (April)
Yesterday’s close: Settled at 61,130, down 1,790
Bias: Neutral/Bullish
Resistance: 63,350-63,700**, 64,660-64,937****, 66,555-67,595***, 68,172-68,590*, 70,410-70,800**, 71,795-71,815**, 72,110-72,530**, 73,410-73,600***
Pivot: 62,535
Support: 61,632-61,680***, 59,700-60,830***, 57,410-58.250***
Check out CME Group real-time data plans available on TradingView here: www.tradingview.com/cme/
Disclaimers:
CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com/cme/
*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
S&P, yesterday’s close: Settled at 5062.25, down 30.25
NQ, yesterday’s close: Settled at 17,658.50, down 222.25
E-mini S&P and E-mini NQ futures finished lower for the fourth session in a row. Most crucially, the S&P tested our rare major four-star support at 5044-5055, this pocket aligns multiple indicators as well as the gap close on February 21st, ahead of NVDA’s earnings release. Given the relentless move down, failed bounce attempts and this critical area of support, it is imperative the bulls show up today.
Bias: Neutral/Bullish
Resistance: 5078-5082**, 5094-5097***, 5110*, 5119-5123.25***, 5127-5131.75***, 5147.25-5153.75***, 5162.75-5167.25***, 5182-5185.50**, 5207.75-5213***
Pivot: 5069.50-5075
Support: 5062.25***, 5044-5055****, 5026-5027.25**, 5018**, 4983.50-4994.25****
NQ (June)
Resistance: 17,767-17,796***, 17,850-17,874**, 17,959-17,988***, 18,051-18,072****, 18,131-18,167***, 18,226-18,254***, 18,326-18,343***
Pivot: 17,719
Support: 17,604-17,638***, 17,463-17,493***, 17323-17,372***, 17,106***
Micro Bitcoin (April)
Yesterday’s close: Settled at 61,130, down 1,790
Bias: Neutral/Bullish
Resistance: 63,350-63,700**, 64,660-64,937****, 66,555-67,595***, 68,172-68,590*, 70,410-70,800**, 71,795-71,815**, 72,110-72,530**, 73,410-73,600***
Pivot: 62,535
Support: 61,632-61,680***, 59,700-60,830***, 57,410-58.250***
Check out CME Group real-time data plans available on TradingView here: www.tradingview.com/cme/
Disclaimers:
CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com/cme/
*Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.