MORNING MINUTE EQUITIES, FUTURES & OPTIONS MAY 4thUS Initial Jobless Claims w/e 242k vs. Exp. 240.0k (Prev. 230.0k, Rev. 229k)

Darren Krett

Thursday 4 May 2023

Share on:

US Initial Jobless Claims w/e 242k vs. Exp. 240.0k (Prev. 230.0k, Rev. 229k) facebookUS Initial Jobless Claims w/e 242k vs. Exp. 240.0k (Prev. 230.0k, Rev. 229k) twitterUS Initial Jobless Claims w/e 242k vs. Exp. 240.0k (Prev. 230.0k, Rev. 229k) linkedin

Post views: 6147



Equity Index Emini S&P June we got a second chance to sell in to shorts at strong resistance at 4200/4210 which are working after yesterday volatile FOMC session. Nasdaq June could not hold a break above the April high so we have a potential double top sell signal. We have traded lower but we are still messing about in a sideways range. Emini Dow Jones June testing last week’s low at 33347 so holding below here today should add pressure to the downside.

Emini S&P June shorts at strong resistance at again at 4200/4210 hit my 4130/20 target. A good start to the week. The chart indicates to me that the next big move is likely to be to the downside…as long as we do not remain in this irritating, volatile sideways trend.

The sell levels again is 4200/4210 of course on any bounce, although this time we may not make it that far as I believe pressure is building to the downside – of course we have the FOMC & non farm payroll out this week, which will determine market direction.

A break below 4100 today can target last week’s low at 4069 (4075 the over night low as I write). Further losses today target 4045/35. A break below 4025 is the next sell signal.

We could have minor resistance at 4140/50 on a bounce today but a break above 4165 could retest 4200/4210 for a sell opportunity.

Nasdaq June shot holds the April high so we have a potential double top sell signal as I stated yesterday. If you did try a short, targets of 13220/200 & 13140/120 have been hit. Further losses can target 13000/12950. I would not try a long here myself.

Related reads

Equity Index
DAY TRADE IDEAS (indices)-image

Darren Krett

Sunday 30 April 2023


Emini SP 500, Nasdaq, Emini Dow Jones 30 Apr, 2023 Emini S&P June collapsed on Tuesday & Wednesday then rocketed on Thursday & F


Comments (0)


Darren Krett

Wednesday 26 April 2023


AUDUSD broke support at the lower end of the channel at 6660/40 for a medium term sell signal. So we have resistance at 6640/60 to try a sho

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.