Day-Trading Scenarios for Mar 16, 2026

We are now trading the June contract YM 06-26.

Today starts out as a recovery day. Not an uptrend on the daily but a chance for longer term traders to cover shorts. Not high enough to establish shorts again.

Next resistance is 47199, then 47274. Support 46898, then 46668. Buy pullbacks.

The June 2026 contract traded with a typical carry premium over the front month, showing levels in the mid-to-high 46,800s to low 47,000s in recent sessions, but specific Friday close data pointed to softness in line with the cash index retreat.

June YM (YMM6) is showing early signs of stabilization and potential rebound in premarket/overnight trading. Current levels are trading around 47,175–47,260+

Indicators: Many sources show a Strong Buy or Buy bias on short-term timeframes (e.g., moving averages favoring upside with 8 buy signals vs. fewer sells; RSI/MACD likely turning positive in oversold recovery mode). The contract appears to be bouncing from a 4H correction phase noted in recent analysis.

Tech sector focus, with Nvidia's GTC conference kicking off today—any positive AI-related updates could support broader indices.

Retail Sales

 8:30 AM ET

Empire State Manufacturing Index

 8:30 AM ET

Industrial Production

 9:15 AM ET

Housing Market Index

 10:00 AM ET

Treasury Buyback Announcement (Preliminary)

 11:00 AM ET

3-Month Bill Auction

 11:30 AM ET

6-Month Bill Auction

 11:30 AM ET

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

DATE: 3/16/2026

TIME: 8:44 AM

HIGH: 47456

LOW: 46753

CLOSE: 46886

PIVOT: 47032

SUPPORT: 46668

RESISTANCE: 47274

SWING MAGNITUDE: 235

TIME OF COMMENT: 8:44 AM

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