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Emini Dow Jones Above 26080 Meets Minor Resistance At 26150/160

Published 03/03/2019, 02:16 AM
Updated 07/09/2023, 06:31 AM
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Emini Dow Jones - Nasdaq Daily Forecast - March 4, 2019

Emini Dow Jones _ Nasdaq

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.

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