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BlogsDAY TRADE IDEAS MAY 5th

MORNING MINUTE EQUITIES, FUTURES & OPTIONS MAY 5thUS Non-Farm Payrolls* (Apr) 253k vs. Exp. 180.0k (Prev. 236.0k, Rev. 165k)

Darren Krett

Friday, 5 May 2023

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US Non-Farm Payrolls* (Apr) 253k vs. Exp. 180.0k (Prev. 236.0k, Rev. 165k) facebookUS Non-Farm Payrolls* (Apr) 253k vs. Exp. 180.0k (Prev. 236.0k, Rev. 165k) twitterUS Non-Farm Payrolls* (Apr) 253k vs. Exp. 180.0k (Prev. 236.0k, Rev. 165k) linkedin

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DAY TRADE IDEAS MAY 5th

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Equity Index

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 test last week’s low at 4069 for a potential 130 point profit. 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 broke last week’s low at 33347 adding pressure to the downside as expected.

Today’s Analysis. Emini S&P June shorts at strong resistance at again at 4200/4210 hit my 4130/20 target then last week’s low at 4069 . We should find strong support at 4050/40. Longs need stops below 4030. A break lower is a sell signal targeting 4010/50, perhaps as far as 3090/85. We meet strong resistance at 4110/20. Shorts need stops above 4130. Nasdaq June dipped to my target of 13000/12950, with a low for the day exactly here but not much of a bounce yet. A break below 12900 can target 12700/650. Obviously bulls need a break above the recovery highs of 13350/370 to regain control but we run straight in to the 500 day moving average at 13450/500. We should have resistance at 13130/160. Above here in the sideways trend allows a recovery to 13220/240. Emini Dow Jones June broke 33500/450 for a sell signal targeting 33200 & 33000 – a low for the day exactly here at 33004. If we continue lower today look for 32800. Gains are likely to be limited with strong resistance at 335450/550. Shorts need stops above 33650.

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https://youtu.be/2g8gP0IZwOs Emini S&P June we got a second chance to sell in to shorts at strong resistance at 4200/4210 which are work
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Equity Index
DAY TRADE IDEAS (indices)-image

Darren Krett

Sunday, 30 April 2023

DAY TRADE IDEAS (indices)

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

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