E-mini Dow Jones makes a recovery to the 29800/820 targets. Obviously bulls need a sustained break above very strong resistance at 30000. Above 30100 look for 30220/250 & 30400/450.
Holding 29800/820 targets 29650/600 before minor support at 29470/440. A break below 29400 targets 29200 before strong support at 29050/29000. Try longs with stops below 28900. A break lower targets 28650/600 then a buying opportunity at 28450/400, with stops below 28300.
NASDAQ trades from minor support at 11840/800 to target minor resistance at 11925/960 before strong resistance at 12050/080. Try shorts with stops above 12120. A break higher is a short term buy signal targeting 12250/270 before a retest of the double top high at 12410/465.
Shorts at 12050/090 target 11990/960 then 11900/860. Cover any remaining shorts at the lower end of the short term range at 11840/800. Longs need stops below 11780. There is a buying opportunity at 11700/600 with stops below 11550. A break below lower is a sell signal targeting 11500/450 & 11350/300.
Trends
- Weekly Outlook Positive
- Daily Outlook Neutral
- Short Term Outlook Neutral
