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Emini S&P 500 lower again to break minor support at 3132/30 and bottom exactly at the next target of 3120/15. More sideways action likely at this stage.
Nasdaq hit the buying opportunity at 8325/20, with stops below 8305…but this was very tricky on the move to 8297.
Emini S&P holding minor support at 3132/30 as I write but below here retests 3120/15. A break below 3110 is another sell signal targeting 3100/3095. Try longs with stops below 3085.
Next target and buying opportunity at 3070/67, with stops below 3060.
Bulls now need a break above the all-time high of 3158 for the next buy signal targeting 3166/68 and 3175/77.
Nasdaq now holding the above support at 8360/55 as I write. A break lower targets 8335/30. Below 8320 retests 8300/8295. On further losses look for a buying opportunity at 8270/60 with stops below 8250.
Minor resistance at 8380/83 before a retest of yesterday’s high at 8422/27 and the all-time high of 8454/58. A break higher targets 8485/90.
Trends
Weekly outlook is positive
Daily outlook is positive
Short Term outlook is neutral
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