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

S&P, yesterday’s close: Settled at 5213.75, up 7.25

NQ, yesterday’s close: Settled at 18,199.50, up 4.00

From yesterday:

While price action still must chew through supply created from the whipsaw action dating back to the start of April when the S&P came of its fresh record high, our more Bullish Bias will stand until a failure to hold major three-star support at 5184.75-5190.50. Furthermore, only a close back below 5145.50-5148.50 is now needed to potentially turn momentum bearish. The E-mini NQ is still working through resistance at 18,179, which now aligns with yesterday’s spike high of 18,198, but we see the bulls in the driver’s seat while holding above 18,042-18,050.

Bias: Bullish/Neutral

Resistance: 5205.50, 5213-5218.75, 5223.50-5226.75, 5243.25-5246.25

Pivot: 5197.25-5199

Support: 5184.75-5190.25, 5174, 5166.75-5167, 5153.75-5157, 5145.50-5148.50, 5126-5131.75, 5118.75, 5104.50-5109.25, 5100.75, 5091.50-5095*, 5073-5080, 5036.25-5046.50

NQ (June)

Resistance: 18,179-18,200, 18,236-18,267**, 18,326-18,339

Pivot: 18,109-18,131

Support: 18,042-18,050, 17,962-17,986, 17,893-17,930, 17,805-17,826, 17,743-17,793* 17,649-17,690**

Crude Oil (June)

Yesterday’s close: Settled 78.38, down 0.10

The streak of lower highs was broken on yesterday's morning rally, but the EIA’s Short-Term Energy Outlook, which marginally decreased the demand outlook and marginally increased the output forecast, subdued price action.

Weekly EIA data is due at 9:30 am CT, with expectations for -1.43 mb Crude, -1.18 mb Gasoline, and -1.0 mb Distillates.

Bias: Neutral

Resistance: 77.91-77.99, 78.38-78.48, 79.00-79.17**, 79.49-79.63, 79.87-79.90

Pivot: 77.55

Support: 76.90-76.98, 75.90-76.07, 75.04-75.10**

Gold (June) / Silver (July)

Gold, yesterday’s close: Settled at 2324.2, down 7.0

Silver, yesterday’s close: Settled at 27.544, down 0.07

Gold has struggled at the spike high from last week’s Federal Reserve meeting, while Silver has struggled at the failure and gap from April 29th. While we remain hopeful, we must begin to reduce our excitement from Monday’s strength.

Bias: Neutral/Bullish

Resistance: 2328.5-2332.5**, 2338-2339.5, 2347.7, 2353-2358.9, 2364.4-2367

Pivot: 2320.2-2325.3

Support: 2311.4-2314.5, 2305.8-2306.8, 2300.6, 2291.5-2296.2, 2281.8-2285.2, 2257.1, 2246.6, 2231.2-2238.2***

Silver (July)

Resistance: 27.66-27.76, 27.91-27.93**, 28.02-28.22

Pivot: 27.55

Support: 27.39-27.44, 27.14-27.28, 27.01, 26.89-26.91, 26.65-26.69, 26.17-26.30, 25.89-25.95**, 25.32-25.47

Micro Bitcoin (May)

Yesterday’s close: Settled at 63,585, up 995

Bias: Neutral

Resistance: 63,450, 64,750-64,975, 65,335, 66,045-66,552, 67,155-67,965, 68,829, 71,625-71,646

Pivot: 62,590-63,065

Support: 62,210, 61,475-61,810, 60,386-60,704, 59,765, 56,472-57,355, 55,000-55,290, 52,240, 47,000***

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