Tune in daily to catch Bill Baruch dissecting the day’s market happenings after the bell rings. Gain insightful analysis and stay ahead in the financial game with Bill as your guide!

Do not miss Bill Baruch’s daily video posted to his Twitter (X), LinkedIn, and Instagram after the close, follow him at @Bill_Baruch. 

E-mini S&P (June) / E-mini NQ (June)

S&P, yesterday’s close: Settled at 6034.25, down 4.25 (on Wednesday)

NQ, yesterday’s close: Settled at 21,945.25, down 10.75 (on Wednesday)

E-mini S&P and E-mini NQ futures and options for the June contract expire at the 8:30 am CT opening bell. Price action has worked off a new swing low during the holiday session and is retesting the midpoint of the range, going back to the June 11th high. Selling came on the heels of the Federal Reserve policy meeting, where the bank raised its year-end inflation forecast to 3.1% and lowered its GDP forecast to 1.4%. Additionally, as the Iran-Israel conflict remains at the forefront.

E-mini S&P and E-mini NQ futures bled lower during yesterday’s holiday session, and things looked as if there was a bit more room to go, but price action gapped higher on the reopen last night and has yet to look back. Ultimately, major three-star support in each, at 5968.75-5982.25 and 21,634-21,692 held perfectly. Price action is now out above this morning’s Pivot and point of balance at 6049.50 in the E-mini S&P and 21,975 in the E-mini NQ. A continued trade above here will encourage a direct test to first resistance aligning with Wednesday’s high before targeting major three-star resistance at….

Want to keep up with the market? 

Subscribe to our daily Morning Express for essential insights into stocks and equities, including the S&P 500, NASDAQ, and more. Get expert technical analysis, proprietary trading levels, and actionable market bias delivered straight to your inbox.

SIGN UP FOR 2-WEEKS OF FREE RESEARCH

Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.

With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500

Performance Disclaimer

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.