NASDAQ collapsed after Friday’s Doji warning and we hit the lower target of 8710/00. We bottomed almost exactly here and bounced to 8772 as I write.
Emini Dow Jones shot higher to the 28525/545 target but above here targets 28585/600. A break above here targets 28650/660 before the all time high at 28721.
First support at 28490/460 but below here targets 28430 & 28400/390. On further losses look for a retest of 28350/340. A break lower risks a slide to 28275/255.
Nasdaq beats 38.2% Fibonacci resistance at 8750/55 which is obviously positive in the bull trend targeting 8785/90. On further gains look for 8810/20 before the new all time high of 8840/43.
We hit and held 8710/00 but a break below 8680 risks a slide to 8640 and 8615/10.
Trends
Weekly outlook is positive
Daily outlook is positive
Short Term outlook is positive