S&P Micro Futures Forecast for 6/10: Key Levels and Insights Using Bob Kendall Indicators

As we head into a new week, it’s essential to assess where the market grid stands and how it will influence the daily analysis. For tomorrow, 6/10, using the Bob Kendall indicators, here are the key levels and insights to watch out for in the S&P Micro Futures.


Weekly Chart Analysis

Support Levels:

S1 at 5323: This support level coincides with the 10 and 21-day MAs on the daily chart, reinforcing its significance as a support zone throughout the week.

S3 at 5251: This level is crucial as it aligns with the 10-day moving average (MA) on the weekly chart, providing a strong support base.

Resistance Levels:

R1 at 5387: This resistance level is slightly above R1 on the monthly chart at 5378, marking it as a critical resistance point.

R3 at 5459: This aligns closely with R2 on the monthly chart at 5471, indicating a major resistance zone if R2 holds.

Daily Chart Insights for Tomorrow 

Support Levels:

S3 at 5323: This level aligns with the 10 and 21-day MAs, providing a robust support zone around 5319/5312. Despite the PPMs not being in trend mode, they still have a positive slope, indicating potential support.

Resistance Levels:

R2 at 5376: This level is near the previous high target of 5379 and also close to the R1 monthly resistance, marking a significant resistance area to monitor.

To visually summarize, the attached chart highlights the normal micro e-mini futures with Bob Kendall indicators. Key observations include:

PPM 3 Acceleration: Indicates a positive trend, supporting potential upward movement.

PPM Projections: Suggest a slight upward slope, reinforcing the positive outlook for tomorrow.

Heading into 6/10, it’s essential to monitor the support levels at 5323 and 5251, with particular attention to how the market interacts with the 10 and 21-day MAs on the daily chart. On the resistance side, 5376 and 5387 are critical levels to watch, with significant resistance expected around 5459 if R2 holds on the weekly chart.

Using the Bob Kendall indicators, particularly the PPMs, provides valuable insights into market trends and potential turning points. The positive slope of the PPMs suggests underlying support, but traders should remain cautious and watch for any shifts in momentum.





Disclaimer

This forecast is based on technical analysis and market observations using Bob Kendall indicators. It should not be considered financial advice. Traders should conduct their own research and analysis before making any trading decisions. Trading futures involves substantial risk and may not be suitable for all investors


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