Emini Dow Jones - Nasdaq Daily Forecast - 25 February 2019
Emini Dow Jones closed above 26000 but meets resistance at the December/February high at 26080/088. Above 26100 is a good buy signal and can target the November high at 26236/268.
Holding below 26000 tests first support at 25920/910. Below 25890 look for 25830/820. below 25800 targets 25715/705 before strong support at 25670/650.
Nasdaq has yet to make a convincing break above 2DMAdma resistance at 7072/74 after 9 weeks of gains. Failure here targets 7069/66. Below 7060 is more negative for a test of support at 7048/45. Below 7040 look for 7025, 7015 and strong support at 7000/6995.
Immediate resistance at 7095, 7105 and the 7111/13 high. Even then we still meet 7 week trend line resistance at 7118/20. Only above 7125 is a buy signal.