Emini Dow Jones - Nasdaq Daily Forecast - March 4, 2019
Emini Dow Jones closed at minor resistance at 26040/050, but above 26080 meets minor resistance at 26150/160 (which held perfectly on Friday) and again at 26236/268. A break higher targets 26300/310 and 26345/350.
First support at 25960/950 but below 25900 targets 25810/805 then a buying opportunity at 25790/770, with stops below 25720. Nasdaq topped exactly at the recovery high at 7165/68 to keep us in a sideways trend. A break higher this week, however, targets 7200/10 and 7230.
Failure to beat 7165/68 targets 7150 and minor support at 7133/30 then better support at 7115/10. On further losses look for a buying opportunity at 7100/95, with stops below 7085.