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Day-Trading Scenarios for Jun 10, 2026

SMF has increased today to 249.


Our objective today is to short rallies. But wait until the momentum turns back down.


The cash Dow Jones Industrial Average closed modestly higher at around 50,786 (up ~0.2% or +86 points on the day in some reports, though it was mixed/choppy overall). Futures (YM) showed volatility, with the June contract settling near 50,909.

  • Session action: Markets were volatile amid ongoing tech sector swings (Nasdaq underperformed) and lingering Middle East tensions (U.S.-Iran/Israel-related developments). The Dow held up better than broader indices due to relative strength in industrials, financials, and defensives, while chips/tech faced pressure after recent rebounds.

  • Futures traded in a range roughly 50,262 – 51,315 (intraday), closing the session with limited net progress.


  • Short-term bias: Many indicators point to Strong Sell or Sell on hourly/daily timeframes, with moving averages heavily bearish (e.g., price below key short-term MAs).

  • Key levels (approximate from recent data):

    • Resistance: ~50,900 – 51,250 – 51,600+.

    • Support: ~50,300 – 49,800 zone.

  • Futures are testing lower after failing to hold recent highs near 51,800+. Watch for a breakdown below 50,300 for more downside or a bounce toward 51,000+ on positive CPI reaction. Volatility is elevated due to the data event. Overall trend remains up longer-term (above 42k–48k major supports), but near-term consolidation or pullback risk is present.


MBA Mortgage Applications

 7:00 AM ET


CPI

 8:30 AM ET


EIA Petroleum Status Report

 10:30 AM ET


Treasury Buyback Announcement (Preliminary)

 11:00 AM ET


4-Month Bill Auction

 11:30 AM ET


10-Yr Note Auction

 1:00 PM ET


Treasury Statement

 2:00 PM ET


<<<<<<<<<<<<<<<<<<<<<<<<<<<

DATE: 6/10/2026

TIME: 9:29 AM

HIGH: 51315

LOW: 50262

CLOSE: 50909

PIVOT: 50829

SUPPORT: 50230

RESISTANCE: 51066

SWING MAGNITUDE: 249

TIME OF COMMENT: 9:29 AM

COMMENT: For today's real-time trading calls enjoy a One Week Trial at https://www.eminiace.com/services

 
 
 

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