Emini S&P June futures formed an inverse head and shoulders pattern and reached the 100-day moving average target at 6,825. Minor resistance at 6,825\/6,835 was cleared, setting a further target at 6,885\/6,890, with minor resistance at 6,880 to 6,900.<\/p>\n
Minor support is at 6,805\/6,800, while a break below 6,790 could lead to 6,765\/6,755 and stop levels for long positions are below 6,740. A break above 6,900 could lead to 6,925 and then 6,960\/6,970.<\/p>\n
Emini Nasdaq June futures completed an inverse head and shoulders pattern and rose to 25,250\/25,300. Support was retested at 25,030\/25,000, with a rebound from 24,953; a break above 25,350 could target 25,600\/25,630, while a break below 24,900 could lead to 24,800\/24,750, with stops below 24,600.<\/p>\n
Emini Dow Jones June futures broke above 48,100 to target 48,400\/48,500, which was reached. A move above 48,600 could target 48,850\/48,900; support is at 48,100\/48,000, while a break below 47,900 could open 47,800\/47,700, with stops below 47,550.<\/p>\n
Jason Sen started on the LIFFE options trading floor in 1987 aged 19. In 2001, after the floor closed, he moved to day trading on computer screens.<\/p>\n
We see that Emini S&P futures have pushed through resistance to hit our 6,825 target and are now approaching 6,890. This rally is underpinned by the latest March Consumer Price Index data, which came in at a manageable 2.8%, calming fears of an aggressive central bank response. With the market in overbought territory before the weekend, we prefer waiting to buy a dip over attempting a short position.<\/p>\n
The Nasdaq has shown similar strength, running up to the 25,250\/300 resistance zone we highlighted. This follows the resilient performance of the technology sector we witnessed throughout 2025, which consistently bounced back from pullbacks. We will be watching for a break above 25,350 to confirm the next move higher, targeting 25,600.<\/p>\n
For the Dow Jones futures, the bullish pattern has also played out, achieving our 48,400\/500 objective. Market sentiment appears stable, with the CBOE Volatility Index (VIX) currently holding near 14, which encourages buying on weakness. A firm break above 48,600 would serve as our trigger for a new long position, targeting the 48,900 area.<\/p>\n
Our overall strategy for the coming weeks is to look for pullbacks to established support levels rather than trying to short this rally. This patient approach is supported by last week\u2019s jobs report, which showed a solid but not overly hot gain of 195,000 new jobs for March. This suggests the economy is stable, not overheating, which is a constructive backdrop for equities.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" US Emini futures hit inverse head-and-shoulders targets; S&P eyes 6,885, Nasdaq 25,630, Dow 48,900 next.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-50639","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\n\t\t