S&P 500 Futures in overbought conditions, potential bounce pending

From Investing.com: 2024-10-01 03:23:00

Over the past week, Emini S&P September Futures held in a narrow range and struggled to push higher in overbought conditions. Resistance is seen at 5875/85 and possibly as high as 5900/05, with support at 5745/35. Potential targets include 5755 and 5765, but if the market breaks lower, targets could be at 5695/90 and 5680/70. In contrast, Nasdaq September Futures broke above the August high, hitting targets of 20330/340 & 20400/430, with support at 20250/150. Emini Dow Jones September Futures remained in overbought conditions, with support at 42350/250 and targets at 42500 and 42650.



Read more at Investing.com: S&P 500 Futures Hit Buy Levels – Bounce in the Offing Now?