MAR MINI S&P
- Closing price: (2685.50)
- Target price: 25800-
- Resistance: 2706.00, 2745.00*
- Support: 2649.00?, 2595.00-
- Daily Trend: Down
- Trend reversal price: 2745.00 daily close
Comment: The trend is still down and showing major bear turnover. The implications of the washout calls for a bear move to 2467.00 in coming weeks. Yesterday's extreme reversal signals for a shift into consolidation for an extended period as trade reduces the extreme volatility. Be ready for a drop back to 2650.00-2600.00. A close under 2595.00 is negative. A close over 2745.00* will boost retracements.
MAR MINI DJ
- Closing price: (24742)
- Target price: 23599 Achieved
- Resistance: 24947, 25310*
- Support: 24303, 23950+/-
- Daily Trend: Down
- Trend reversal price: 25310 daily close
Comment: The trend is still down and showing major bear turnover. The implications of the washout calls for a bear move to 22745 in coming weeks. Yesterday's extreme reversal after reaching the 23599 target calls for a shift into consolidation for an extended period as trade reduces the extreme volatility. Be ready for a slip back to 24500-24000. A close under 23950 is negative. A close over 25310* will boost retracements.
MAR MINI NASDAQ
- Closing price: (6638.00)
- Target price: 6260.50 Achieved
- Resistance: 6700.00, 6746.75*
- Support: 6523.00, 6419.00, 6260.50*
- Daily Trend: Down
- Trend reversal price: 6746.75 daily close
Comment: The trend is down, but dropped to a major retracement / bear target level at 6260.50. The extreme reversal bounce off 6260.50* signals for a shift into consolidation for an extended period as trade reduces the extreme volatility. Be ready for a drop back under 6500.00-. A close under 6419.00 is negative. A close over 6746.75* signals a bottoming upturn.