US markets outlook.
Emini S&P is drifting sideways & likely to continue to do so with no clear direction otherwise.
Nasdaq also likely to continue sideways this week.
Emini S&P I think we trade sideways this week. Above 2711 meets resistance at 2715/16. If we continue higher look for 2722/23. (we topped exactly here) A break higher could retest the high at 2735/38.
Minor support at 2705 & 2697/94 but below here targets 2685 & 2680 before support at 2675/72. A bounce from here is likely. Longs need stops below 2666. A break lower targets 2650/48.
Nasdaq first resistance at 6940/50. A break above 6960 targets 6971/73 & resistance at 6995/99.
Failure to beat 6940/50 targets minor support at 6917/15 then better support at 6885/75. A break lower however targets 6860/57 then last week's low at 6842/40. A break lower this week targets 6830/25 before strong support at 6805/00.
Emini Dow Jones holding above 200 DMA support at 25000 & 100 DMA support at 24900 now. Above 25000 re-targets 25120/130 & minor resistance at 25180/190. A break above 25210 targets 25270, before the high at 25370/375.
Holding below 25000 is more negative risking 24930/920. Minor support at 24865/855 but below 24825 is a minor sell signal targeting 24750/740 & 24710/700.