E-mini S&P September higher again hitting the next targets of 4445/50 and 4475/79.
NASDAQ September through 15130/170 for 15235/245 and as far as 15337.
E-mini Dow Jones September beat strong resistance at 34850/900 for a buy signal & clears resistance at 35175/200 for a chance to retest the all time high at 35500/550.
Today’s Analysis
E-mini S&P holding first support at 4420/10 hitting targets of 4445/50 and 4475/79.
Further gains always likely in this trend despite severely overbought conditions targeting 4500 and perhaps as far as 4540/45.
Best support at 4440/30. Longs need stops below 4420.
NASDAQ higher after a consolidation phase to 15337. Downside is expected to be limited with support at 15190/160. A break lower risks a slide to support at 15050/020. Longs need stops below 14990.
Further gains are likely eventually to 15400/420 and 15520/540.
E-mini Dow Jones September clears resistance at 35175/200 for a chance to retest the all time high at 35500/550.
First support at 35190/160. Strong support at 35050/020. Longs need stops below 34990.
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