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