Dow Jones And NASDAQ Futures: Outlook Positive

Published 03/11/2021, 05:38 AM
Updated 07/09/2023, 06:31 AM
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Dow Jones futures beats 32114/118 for the next targets of 32250/300 & 23450/500. If we continue higher look for 23650/700, perhaps as far as 23900/24000 next week.

Downside is expected to be limited with minor support at 32300/250 then strong support at 32120/080. Longs need stops below 32000.

NASDAQ tested strong resistance at 12850/900 but over ran further than I expected, above 12950 reaching 12993. A break above 13000 is a buy signal targeting 13150/200 & 13250/300.

However there is a good chance we hold first resistance at 12850/900 today. Shorts need stops above 13000!!! Shorts target12750/700 with first support at 13650/600. A break below 12550 risks a slide to 12500 & 12330/330, perhaps as far as strong support at 12200/160. Try longs with stops below 12100, but also be ready to sell a break below 12100.

Trends

  • Weekly Outlook Positive
  • Daily Outlook Positive
  • Short Term Outlook Positive

DJ Mini Chart

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