The post US markets are stuck in consolidation channels appeared on BitcoinEthereumNews.com.

Emini S&P March held a small range yesterday.The low & high for the last session were 6058 – 6098. Emini Nasdaq March made a high for the day just below resistance at 21900/970Last session high & low for the last session were: 21669 – 21871. Emini Dow Jones March low for the day yesterday exactly at support at 44500/400Last session high & low for the last session were: 44395 – 44749. Emini S&P March futures Emini S&P remains in an erratic & random sideways consolidation with no pattern or trend to guide us. We are stuck in a 1 week range of just 36 points from 5987 up to 6123 We can only try to scalp short term levels for a quick turn. Minor support again at 6030/20 & longs can target 6060/6070. Try this trade again today, but longs need stops below 6010. A break below 6010 meets support at 5990/5980 & longs need stops below 5970.Targets: 6000 & 6010 A break below 5970 risks a slide to 5940/35 for profit taking on any shorts Minor resistance at 6110/20. A break above the 1 week high of 6123 can retest the all time high at 6156/62. Nasdaq March futures Emini Nasdaq reversed from just below resistance at 21900/970 Again, we remain in an erratic & random sideways consolidation with no pattern or trend to guide us. In the sideways consolidation we could slide again towards 21550, perhaps as far as 21340/21280. If we continue lower look for a retest of support at 21050/20950. Longs need stops below 20850. Resistance at 21900/970 & bulls need a break above the all time high at 22152 for a new buy signal this week. Emini Dow Jones March futures Bulls need a break above the all time high at 45227 for a buy…

---

Filed under: News - @ February 12, 2025 9:18 am