Back
BlogsDAY TRADE IDEAS MAY 30th

MORNING MINUTE MAY 30th EQUITIES, FUTURES & OPTIONSUS Consumer Confidence (May) 102.3 vs. Exp. 99.1 (Prev. 101.3, Rev. 103.7) One year inflation expectations 6.1% (prev. 6.2%)

Darren Krett

Tuesday, 30 May 2023

Share on:

US Consumer Confidence (May) 102.3 vs. Exp. 99.1 (Prev. 101.3, Rev. 103.7) One year inflation expectations 6.1% (prev. 6.2%) facebookUS Consumer Confidence (May) 102.3 vs. Exp. 99.1 (Prev. 101.3, Rev. 103.7) One year inflation expectations 6.1% (prev. 6.2%) twitterUS Consumer Confidence (May) 102.3 vs. Exp. 99.1 (Prev. 101.3, Rev. 103.7) One year inflation expectations 6.1% (prev. 6.2%) linkedin

Post views: 2657

DAY TRADE IDEAS MAY 30th

Categories

Equity Index

Emini SP 500, Nasdaq, Emini Dow Jones

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.

Related reads

Equity Index
DAY TRADE IDEAS MAY 19th-image

Darren Krett

Friday, 19 May 2023

DAY TRADE IDEAS MAY 19th

Emini SP 500, Nasdaq, Emini Dow Jones 19 May, 2023 Emini S&P June has broke above strong resistance at 4200/4210. I have to take this as
DAY TRADE IDEAS MAY 19th

0


Comments (0)

Equity Index
DAY TRADE IDEAS MAY 5th-image

Darren Krett

Friday, 5 May 2023

DAY TRADE IDEAS MAY 5th

05 May, 2023 Emini S&P June has seen a big move to the downside from strong resistance at 4200/4210 exactly as predicted this week to te

Get started with Leviathan FM today

7 day free trialContact us
See our pricing

© 2015 - 2024 Leviathan Financial Management LLC. All Rights Reserved.

Legal Disclaimer: The information provided in the Leviathan website is for informational purposes only. It should not be considered legal or financial advice. You should consult with a financial advisor professional to determine what may be best for your individual needs. Leviathan Financial Management does not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, Leviathan Financial Management disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses. Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice. Your use of the information on the website or materials linked from the Web is at your own risk.