Emini Dow Jones And Nasdaq Daily Forecast - August 15, 2019
Emini Dow Jones first resistance at 25560/600. A break above 25620 targets 25700/710 and 25760/770. A break above 25800 meets strong resistance at 25870/890. A break above 25910 tests strong resistance at 26030/060. Shorts need stops above 26100.
A break below 25350 risks a slide to 25270/250 with strong support at 25125/100. Longs need stops below 25020. A break lower tests 500-day moving average support at 24960/940.
Nasdaq key support at 7440/30. A break below 7410 is a sell signal targeting 7290/85 and 7345/40, perhaps as far as 7300/7290.
First resistance at 7530/40 but above 7550 targets strong resistance at 7585/95. A break above 7605 targets strong resistance at 7645/55. Shorts need stops above 7670.A break higher targets resistance at 7710/20.