A quick futures update.
SPX500 futures
SPX500 achieved objective 1 at $4,120, and I’m removing it from the chart in the future. There is a new objective I’ve shown (#3) at $4,540.
The highest objective at $4,960 is approximately 18% higher than current prices. I would expect this to take a while before being achieved. Perhaps even after a market correction.
NAS100 futures
Big solid base breakout with an achieved target
The following targets up are at $15,975, and I’ve added a new target at $17,950
US30 futures
US30 achieved two targets here, and I’ve shown a new one up at $35,350
The above three futures charts for SPX, NDX, and DJI are above their respective bullish 45° trends in the 30-minute time frame. The below chart for the R2K is not
US2000 futures
I won’t sugarcoat it, but this doesn’t look bad. Price is under the bearish 45° trend but remains in a consolidation range. A break to the upside here would have massive counts, but I’ll save that for when it looks like it is imminent.
In general, as I look through the futures charts tonight, I do not see anything significant or noteworthy. Bullish targets continue to be achieved, which is an excellent sign for the overall health of the bullish trend. The seasonality period is also giving an assist to the bulls. If I see anything develop throughout the week, I’ll send out an update.
Have a great night,
Trace