April 29th, 2024

Buy the dips. Technicals continue to support a tradeable low that has been made, and higher targets remain in play in the indexes. This is a time where we see all of the indexes working together, and even the 10 YR (ZN) is in ‘buy the dip’ mode on my strategy. When I see all of the indexes working together along with the ZN, this is when we get the strongest moves.

My plan today is simple: use my short-term strategy and look for long signals.

Key targets and support levels I am looking for in the indexes:

ES 5090-86 is key support. This week’s target is 5186.

NQ 17,550 is key support. This week’s target is 18,055.

RTY 2077 is key support. This week’s target is 2050.

ZN 107’26 is pivotal support. Weekly target is 109’06.

For a more detailed explanation of why I have been bullish on the Indexes, I discussed all of my reasoning in this weekend’s short technical video: https://anthonycrudele.com/show/10-minute-technical-10/

Believe in your homework, follow your plan. Have a wonderful trading week.

Cheers, DELI