Emini Dow Jones And Nasdaq December Futures
Emini Dow Jones topped exactly at the next target of 27745/765 & dipped 200 ticks to bounce from minor support at 27540/520.
Nasdaq missed our selling opportunity at 8345/55 by just 4 ticks.
Emini Dow Jones holding above 27640/660 re-targets 27745/765 then strong resistance at 27800/820. Shorts need stops above 27860. A break higher targets 27920 then 28000/010.
Below 27600 risks a slide to minor support at 27540/520 which held yesterday. On a break below 27490 look for 27420/400. Further losses retest this week’s low at 27322/312. A break below 27300 meets a buying opportunity at 27230/200 with stops below 27170.
Nasdaq holding above 8305/10 targets first resistance at 8345/55. Be ready to buy a break above 8365 targeting 8390/99. A break above 8410 can retest the all time high at 8448/58.
Minor support at 8310/05 but below 300 targets 8280/75 & support at 8235/25. Longs need stops below 8220 for a test of support at 8190/80. A break below 8170 however targets 8140/35.
Trends
Weekly outlook is positive
Daily outlook is positive
Short Term outlook is positive