Chart

Emini Dow Jones _ Nasdaq June contract

Emini Dow Jones outlook remains negative & holding below 25640/650 targets minor support at 25550/560 then key support at 25420/460. Failure to hold above 25400 keeps the pressure on for 25320/300. Below 25290 retests the 25215 low. A break below 25200 targets 25125 & 25000/24980. A break below 24950 targets 24870/850.


Above yesterday’s high of 25714 meets strong resistance at 25760/780. Shorts need stops above 25820.

Nasdaq key to direction is the 7510/15 area. If we unexpectedly hold above here look for 7550. A break higher targets 5770/80 & could fill the gap at 7610/15.


Holding below 7500 is more negative targeting minor support at 7470/65. Below 7460 look for 7420 then support at 7395/90. Below 7370 targets 7320 before the 7290 low. A break lower is an important sell signal targeting 7275 then 7235/25, perhaps as far as strong support at 7170/60. Longs need stops below 7130.

Chart

Leave a Reply

Your email address will not be published. Required fields are marked *

Risk Warning: Trading Foreign exchange and CFDs are risky and can result in the loss of your invested capital. Please ensure that you understand the risks involved and do not invest more than you can afford to lose. Read full Risk Disclosure.
close