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Emini S&P 500: A Break Higher Targets 2818 And 2822/24

ByJason Sen
Published 03/03/2019, 02:09 AM
Updated 07/09/2023, 06:31 AM
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Emini S&P 500 - Nasdaq Daily Forecast - March 4, 2019

Emini SP 500 _ Nasdaq

Emini S&P first support at 2789/87 did work this time and we bottomed exactly here. The markets are playing with me. The recovery reached 2805 before a retest of 2814 highs. A break higher targets 2818 and 2822/24.

First support at 2790/88 in the sideways trend but below 2783 risks a slide to 2774/73 before support at 2771/70. Try longs with stops below 2765. A break lower targets 2758/56 then a buying opportunity at 2751/50.

Nasdaq topped exactly at the recovery high at 7165/68 to keep us in a sideways trend. A break higher this week, however, targets 7200/10 and 7230.

Failure to beat 7165/68 targets 7150 and minor support at 7133/30 then better support at 7115/10. On further losses look for a buying opportunity at 7100/95, with stops below 7085.

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