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Emini Nasdaq Bounces To 4778/73

Published 08/31/2016, 01:06 AM
Updated 07/09/2023, 06:31 AM
NQZ24
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E Mini Nasdaq Weekly Chart

Emini Nasdaq has bounced to the 4778/73 level and topped exactly here as I write. This risks a slide back to minor support and last week's low at 4760/55. A break lower this week targets better support at 4742/38 which could hold the downside at this stage.

A break above first resistance at 4778/73 targets 4788/86 then strong resistance again at 4797/4802. Shorts need stops above 4810 today. A break higher targets Friday high at 4817 then 4822/25 before this year's high at 4835/37.

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