Markets saw a strong bounce in the overnight and European morning sessions, reversing much of yesterday’s weakness.
- NASDAQ (QQQ/NDX/NQ): The index has rebounded from support levels and is now approaching key resistance zones. Momentum looks constructive in the short term, though intraday volatility remains high.
- S&P 500 (SPY/SPX/ES): Price action has recovered well, with the S&P 500 reclaiming levels from yesterday’s pullback. Key resistance sits above, and traders will be watching if momentum carries through into the US session.
- DOW (US30): Continues to lead with relative strength, holding its levels firmly and grinding higher.
From a daily perspective, all three indices remain extended but still within a strong bullish structure. The base case continues to be either a consolidation phase or a steady grind higher, rather than a major reversal.
Day Trading Levels:
S&P 500
- Longs: 6339.5, 6321.5, 6292.4
- Shorts: 6414.2, 6427.9, 6441.6
- Other Levels: 6351.5, 6374.9, 6390.7, 6402.8
SPY
- Longs: 632.12, 630.33, 627.43
- Shorts: 639.57, 640.94, 642.30
- Other Levels: 633.32, 635.65, 637.23, 638.43
SPX
- Longs: 6336.19, 6318.20, 6289.11
- Shorts: 6410.85, 6424.54, 6438.24
- Other Levels: 6348.18, 6371.57, 6387.36, 6399.46
ES
- Longs: 6356.99, 6338.94, 6309.76
- Shorts: 6431.90, 6445.63, 6459.37
- Other Levels: 6369.02, 6392.49, 6408.33, 6420.46
NASDAQ 100 (NAS100)
- Longs: 22945.5, 22818.7, 22700
- Shorts: 23384.9, 23485.1, 23586.9
- Other Levels: 23024.7, 23126.2, 23235.2, 23328.8
QQQ
- Longs: 558.16, 555.07, 552.18
- Shorts: 568.84, 571.28, 573.76
- Other Levels: 560.08, 562.55, 565.20, 567.48
NDX
- Longs: 22927.53, 22800.83, 22682.22
- Shorts: 23366.59, 23466.71, 23568.43
- Other Levels: 23006.67, 23108.09, 23217.00, 23310.53
NQ
- Longs: 23018.16, 22890.96, 22771.88
- Shorts: 23458.95, 23559.47, 23661.59
- Other Levels: 23097.61, 23199.43, 23308.78, 23402.67
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