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Emini S&P March held a 7-day range of just 136 points from 5987 up to 6123. The low & high for the last session were 6021 - 6098.
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Emini Nasdaq March made a high for the day just below resistance at 21900/970. Last session high and low for the last session were: 21510 - 21862.
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Emini Dow Jones March broke support at 44500/400 before a strong bounce. Last session high and low for the last session were: 44188 - 44733.
Emini S&P March Futures
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Emini S&P remains in an erratic and random sideways consolidation with no pattern or trend to guide us.
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We can only try to scalp short-term levels for a quick turn.
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A low for the day at support at 6030/20 and longs hit the target of 6060/6070.
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Try this trade again today, but longs need to stop below 6010.
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A break below 6010 meets support at 5990/5980 and longs need stops below 5970.
Targets: 6000 and 6010
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A break below 5970 risks a slide to 5940/35 for profit taking on any shorts
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Minor resistance at 6110/20.
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A break above the 1 week high of 6123 can retest the all-time high at 6156/62.
Nasdaq March Futures
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Emini Nasdaq tests resistance at 21900/970 as I write overnight.
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Again, we remain in an erratic and random sideways consolidation with no pattern or trend to guide us.
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In the sideways consolidation, we could slide again towards 21550, perhaps as far as 21340/21280.
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If we continue lower look for a retest of support at 21050/20950.
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Longs need stops below 20850.
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Resistance is at 21900/970 and bulls need a break above the all-time high at 22152 for a new buy signal this week.
Emini Dow Jones March Futures
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Emini Dow Bulls need a break above the all-time high at 45227 for a buy signal.
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Until then risks are to the downside.
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We broke support at 44500/400 but held just 88 ticks above the next target and buying opportunity at 44100/43950.
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Longs need stops below 43850 on a retest today.
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I must wait for better signals now in the sideways consolidation.
