Emini S&P March dropped from resistance at 6010/6015, reaching a range of 5873 to 6014. A break below 5975 suggested a decline towards support levels at 5925/5915, allowing for potential profits of up to 1000 points on shorts.
Emini Nasdaq March fell below 21000 for a sell signal, with last session levels between 20583 and 21386. A short-term buying opportunity appears at 20450/350, with stops advised below 20250.
Emini Dow Jones March saw a successful trade at resistance 43750/850, collapsing to near the target at 43100/43000. Longs need to set stops below 42850 while resistance remains at 43750/850.
Key Support And Resistance Levels
The S&P’s retracement from the upper level of 6010/6015 was in line with expectations, as sellers capitalised on weakness, driving prices down towards a well-established lower boundary. The dip under 5975 provided confirmation of a bearish bias in the short term, offering those positioned correctly the chance to secure sizeable gains. The area between 5925 and 5915 continues to attract attention as a potential floor, though further declines cannot be ruled out if momentum remains.
In the Nasdaq, the breakdown below 21000 gave sellers control, leading to price action contained between 20583 and 21386. The suggestion that 20450/350 presents a buying setup means that some traders will be preparing for a potential reversal, though there’s little room for complacency with protective stops recommended under 20250. Those looking to engage here will need to balance the opportunity with the potential for selling pressure to extend lower.
The Dow adhered to the outlined resistance levels near 43750/850, with sellers taking full advantage to drag the price down to the anticipated 43100/43000 zone. For those considering buy positions, stops must be kept tight beneath 42850 to manage risk properly. The resistance at 43750/850 remains decisive, and unless buyers can push through, more downside moves remain a possibility.
Trading Strategies And Considerations
For traders focused on derivatives, the recent price movements reinforce the importance of recognising when levels hold and when they break. The market continues to react to predefined technical areas, and adjusting position sizes and stop levels accordingly will be key heading into the next sessions. Each index has shown responsiveness to key levels, and the ability to adapt as momentum shifts will dictate short-term success.
