Emini Dow Jones: Strong Resistance At 26400/420

Published 08/12/2019, 12:38 AM
Updated 07/09/2023, 06:31 AM
1YMH25
-
IXIC
-

Emini Dow Jones And Nasdaq Daily Forecast - August 12, 2019

Emini Dow Jones Nasdaq Chart

Emini Dow Jones bounces back to 26250/280 and perhaps as far as 26330/350 this morning. There is strong resistance again at 26400/420. Shorts need stops above 26450. A break higher is a buy signal targeting 26530/540 and 26660/690.

Minor support is at 26250/240 and 26170/150 with better support at 26060/030. Longs need stops below 25990. Next target and support at 25880/860.

Nasdaq key resistance is at 7710/20 again of course. Shorts need stops above 7730. A break higher is a buy signal targeting 7760/70 and 7790/99. Quite strong resistance at 7830/40 is more of a challenge.

First support at 7660/50. A break below 7635 is a sell signal targeting minor support at 7620/15 and 7575/70 then strong support at 7535/25.

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.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.