Darren Krett
Friday 19 May 2023
DAY TRADE IDEAS MAY 19th
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Darren Krett
Tuesday 30 May 2023
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Equity Index
30 May, 2023 Emini S&P June collapsed on Tuesday & Wednesday then recovered all the losses on Thursday & Friday as we play debt ceiling games. Shorts at 4160/70 stopped above 4185 for a retest of 4222/27 & a high for the day here. We hit4243 on the open but have eased back to fir’s high at 4220. If bulls remain in control we can target 4275/80, perhaps as far as 4300/05. WE should have support at 4210/4200. Longs need stops below 4190. Holding below 4190 should be more negative for this week & risks a slide to 4170/65. Nasdaq June higher as expected after the buy signal to hit my next target of 14250/300. We have now recovered 61.8% of the 2022 decline now. I would not bet that the 61.8% Fibonacci will hold at 14300. The close at the high of the week suggests further gains towards 14440 (hit on the open) & 14550, perhaps as far as 14750/800. Support at 14030/13960 although is looks unlikely we will fall this far. Longs need stops below 13900. Emini Dow Jones June reversed & won back Wednesday’s & Thursday’s losses. We tested 33000/33100, reaching 33200 but could not break above here. But a good chance we will on the open targeting 33280/300, perhaps as far as 33450/480. Support at 33050/33000. Below here however risks a slide to 32900/880.
Darren Krett
Friday 19 May 2023
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Darren Krett
Friday 5 May 2023
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