Emini Dow Jones shorts at first resistance at 28220/240 worked perfectly as we topped exactly here & crashed to targets of 27880/845 & our buying opportunity at 27700/660.
Longs were stopped below 27550 for a sell signal & we broke the lower target of 27320/300 hitting 26976.
Nasdaq shorts at the first 23.6% Fibonacci resistance at 9210/14 also the dream trade yesterday as we topped exactly here & crashed to all targets as far as 9070/40, support at 8975/65 & finally our a buying opportunity at 8840/30.
However we over ran to 8810 before a bounce.
Please note that Thursday’s reports will be updated at around midday GMT as I am travelling over night. Apologies for the inconvenience.
Emini Dow Jones bounces to first resistance at 27270/290 over night, spiking to 27333. Above here targets 27440/460 then a selling opportunity at 27550/580, with stops above 27630. If we continue higher look for 27735/755 then a selling opportunity at 27900/950, with stops above 28050.
Key support at 27220/200 so holding below here is more negative. A break below the 26976 low risks a slide to 26850/830 & 26720/700. If we continue lower look for 26600/580 & a buying opportunity at 26510/480, with stops below 26350.
Nasdaq has bounced to 8948 over night. Holding minor support at 8900/8895 allows a retest of first resistance at 8955/60. If we continue higher look for 9000 then try shorts at 9035/45 with stops above 9075. A break higher is a buy signal targeting 9100/10 & a selling opportunity at 9175/85, with stops above 9220.
Key support at 8840/30. Longs need stops below yesterday’s low of 8810. A break lower is a sell signal targeting 8680/76 & important support at 8620/10. Try longs with stops below 8590. A break lower risks a slide to 8565/55.
Trends
Weekly outlook is positive
Daily outlook is neutral
Short Term outlook is negative