Wednesday, June 23, 2021

Daily Futures Levels - options4futures.com - 6-24-2021

ESU21 saw a very modest range on June 23rd of 18 points. We are still

looking at the 4220/22 area as major support and as long as that area holds the trend is up. A close above the 4248 area should see new all time highs in the cash S&P 500 index. Some modest support at 4230/31 and if that area does get tested and pushes ESU21 below 4230 we should see uptrend resume as long as we are above 4220/22.

NQU21 - This is a strong market and as long as major levels are below us we should see continued upside. Key support levels are 14200/05 and below that the major support of 14000/50. Their may be some selling pressure if we break 14250.

 

ZBU21 saw an "inside day" on June 23rd, closing down 5/32nds at 159-25. Cash Treasuries: 30y at 2.11%, 20y at 2.04% and 10y at 1.486%. For 10y, range is 1.44%-1.53% until break out, while for 30y the range is 2.05%-2.15% for now. PCE and PCE Core will be released Friday June 25th - the PCE Core "might be" what gets these yields and bond prices out of the recent ranges. For Thursday June 24th, we may see ZBU21 stay inside of Tuesday's range: 159-08 to 160-12 as many traders may prefer to wait until after PCE Core is released.

 

BTM21 has some good resistance near 35,000 which it could not get above on June 23rd. We may bounce between 30,000 and 35,000 until the market decides which way it is going in any sustained manner. If June Bitcoin (or July Bitcoin) closes below 30,000 at some point (and stay below - not just a 1 day event), we could see a fairly volatile move towards 20,000.


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