📊 Q3 Earnings are here! Plan ahead with key data on upcoming stock reports - all in 1 placeSee list

Nasdaq Daily Forecast: Risks To The Downside

Published 03/27/2019, 09:12 AM
Updated 07/09/2023, 06:31 AM
DJI
-
1YMZ24
-
IXIC
-

Emini Dow Jones - Nasdaq Daily Forecast - March 27, 2019

Emini Dow Jones _ Nasdaq

Emini Dow Jones shorts at 25790/800 worked on the slide back to 25560/580. Below 25550 risks a slide to important trend line support at 25440/430. A sustained break below 25380 is an important sell signal targeting 25250/240 then 200-day moving average support at 25190/180. On further losses look for 25110/100.

A bounce from 25560/580 does not look likely but if seen targets 25610 and 25670/680, perhaps as far as 25780/800. Sell again with stops above 24830.

Nasdaq risks are to the downside at this stage. Below the 3-week trend line at 7335 tests support at 7306/02. A break below 7300 retests the low last week at 7290 then support at 7260/55.

Minor resistance at 7505/10 A break above 7520 retests 7445/50. A break above 7460 targets 7466/69 and 7487/90.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.