- E-mini S&P MARCH we wrote: bounced to my first target of 4260/70. In fact a high for the day exactly here. However there was a good chance that it was only a pause and eventually we continue higher towards 4300/10, perhaps as far as strong resistance at 4360/80. Nice call as we paused for quite a long time at 4260/70 but eventually broke higher as predicted as far as strong resistance at 4360/80 with a high for the day exactly here.
- NASDAQ MARCH we wrote: We have held the 23.6% Fibonacci level of 13850/950 but I think this is just a pause . Eventually (hopefully today) a break above 14000 signals further gains to minor resistance at 14070/080 then 14350/360. Higher as predicted and on the way to 14350/360 I think.
- E-mini Dow Jones MARCH we wrote: longs at strong support at 32400/300 worked perfectly with longs winning huge sums on the bounce to resistance at 32900/33000....but I think this is just a pause. Eventually (hopefully today) a break above 33400 signals further gains to 33600 before strong resistance at 33900/34000. Did you run the long from 32400/300 all the way up to 33900/34000 for a huge 1500 tick gain?
Today's Analysis
E-mini S&P higher as predicted and straight to my target and strong resistance at 4360/80 with a high for the day here for a perfect call on Friday! A break higher certainly possible on Monday to target 4420/30, perhaps as far as strong resistance at 4450/60. Shorts need stops above 4470. A break higher targets 450/4510, perhaps as far as resistance at 4530/40.
Holding strong resistance at 4360/80 risks a slide to 4325/20 before strong support at 4275/65. Longs need stops below 4250. A break lower however targets 4220/10, perhaps as far as important support at 4195/4185.
NASDAQ can target minor resistance at 14350/360 before very strong resistance at 14400/450. A high for the day is expected—shorts need stops above 14500. A break higher however is a buy signal targeting 14800/850. Strong support at 13950/850, but longs need stops below 13750. A break lower targets 13600/550 before a retest of important longer term support at 13000/12900. Longs need stops below 12800. A break lower however could send prices down another 1000 points eventually.
E-mini Dow Jones longs at strong support at 32400/300 worked perfectly for up to 1500 ticks profit on the run to strong resistance at 33900/34000. Shorts need stops above 34150. A break higher targets 34500, perhaps as far as strong resistance at 3500/35100. Holding strong resistance at 33900/34000 targets 33300/33200. Longs need stops below 33000. Again strong support at 32400/30. A break below 32000 is then a very important longer term sell signal and could see 750 tick losses almost immediately.