E-mini S&P and NQ Surge Toward Record Highs on Strong Tech and Earnings Boost

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

S&P, yesterday’s close: Settled at 6773.75, up 71.25

NQ, yesterday’s close: Settled at 25,305.25, up 318.75

E-mini S&P and E-mini NQ futures traded sharply higher to start the week, creating a showdown with record highs. Leadership from AAPL, on strong iPhone 17 numbers, underpinned a rally that got help from NFLX, AMD, META, and the banks.

Earnings season begins to kick into high gear. This morning, KO, RTX, and GE are up sharply after reporting. NFLX and TXN are due after the bell. Fed Governor Waller speaks at 8:00 am CT and later at 2:30 pm CT.

E-mini S&P and E-mini NQ futures took out last week’s peak on the opening bell range yesterday and have yet to look back. We have resistance levels aligning with the range of record highs and closing highs, all detailed below. To the downside, in order to remain Bullish across all timeframes, we must see price action respond to supports, beginning with major three-star support at 6762.25-6766.75 in the E-mini S&P and key support at 25,240 in the E-mini NQ. Below there is major three-star support at…

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Futures trading involves a substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians, or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.

With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy, and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third-party application. Blue Line Futures employees use only firm-authorized email addresses and phone numbers. If you are contacted by any person and want to confirm your identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500

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