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Emini Dow Jones Over Ran 100 And 200 Day Moving Average Resistance

Published 02/04/2019, 12:21 AM
Updated 07/09/2023, 06:31 AM
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Emini Dow Jones _ Nasdaq

Emini Dow Jones has important 100 and 200-day moving average resistance at 24980/25000. Holding here targets 24940 before support at 24820/800. If we continue lower (as is likely) look for 24710/700. Strong support at 24610/590 could trigger a bounce.

A break above 25150 required to confirm the next bullish breakout for a buy signal targeting 25190/199 and 25230 then 25320/330 and 25370.

Nasdaq holding below 6920 is negative for this week targeting 6900, 6885/82 and support at 6870/65. On further losses look for 6848/46 and 6840/38 but good support at 6823/18.

Strong resistance at 6920/25 is key to direction. Shorts need wide stops above 6943/45. A break higher targets 6962/67 and perhaps as far as 6995/99.

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