Nasdaq: A break higher 12750 is a buy signal
Premium|Take advantage of 60% OFF on your first month.
Grab this special offer, it's 7 months for FREE deal! And access ALL our articles and analysis.
You have reached your limit of 5 free articles for this month.
BLACK FRIDAY SALE! 60% OFF!
Grab this special offer, it's 7 months for FREE deal! And access ALL our articles and analysis.
CLAIM OFFEREmini S&P September beat strong resistance at 3985/95 to target strong resistance at 4060/80. A high for the day exactly here in fact.
Nasdaq September futures longs at support at 12100/12000 worked perfectly on the bounce to my target of 12400/450 for profit taking. We then hit strong resistance at 12600/700, with a high for the day exactly here.
Emini Dow Jones September futures hit my next target & strong resistance at 31700/800 but we continued higher to the next target of 32200/300.
Remember when support is broken it usually acts as resistance & vice-versa.
Daily analysis
Emini S&P making a break above strong resistance at 3985/95 to target strong resistance at 4060/80. Anyone make 60-70 points profit on a long? Shorts need stops above 4095. A break higher targets 4130/40 & possibly 4155/60.
Shorts at strong resistance at 4060/80 target 4035/30. If we continue lower look for strong support at 4005/3995.
Nasdaq longs at 12100/12000 worked as we hit 12400/450 for profit taking, then made a high for the day exactly at strong resistance at 12600/700. Shorts need stops above 12750. A break higher is a buy signal targeting 12850 & 13000/13100.
Shorts at strong resistance at 12600/700 target strong support at 12400/350. Longs need stops below 12300.
Emini Dow Jones beat resistance at 31700/800 for a high for the day at the next target of 32200/300, perhaps as far as 32500/600 this week.
Holding minor resistance at 32200/300 risks a slide to 32000 & perhaps as far as 31850/750 for profit taking.
Emini S&P September beat strong resistance at 3985/95 to target strong resistance at 4060/80. A high for the day exactly here in fact.
Nasdaq September futures longs at support at 12100/12000 worked perfectly on the bounce to my target of 12400/450 for profit taking. We then hit strong resistance at 12600/700, with a high for the day exactly here.
Emini Dow Jones September futures hit my next target & strong resistance at 31700/800 but we continued higher to the next target of 32200/300.
Remember when support is broken it usually acts as resistance & vice-versa.
Daily analysis
Emini S&P making a break above strong resistance at 3985/95 to target strong resistance at 4060/80. Anyone make 60-70 points profit on a long? Shorts need stops above 4095. A break higher targets 4130/40 & possibly 4155/60.
Shorts at strong resistance at 4060/80 target 4035/30. If we continue lower look for strong support at 4005/3995.
Nasdaq longs at 12100/12000 worked as we hit 12400/450 for profit taking, then made a high for the day exactly at strong resistance at 12600/700. Shorts need stops above 12750. A break higher is a buy signal targeting 12850 & 13000/13100.
Shorts at strong resistance at 12600/700 target strong support at 12400/350. Longs need stops below 12300.
Emini Dow Jones beat resistance at 31700/800 for a high for the day at the next target of 32200/300, perhaps as far as 32500/600 this week.
Holding minor resistance at 32200/300 risks a slide to 32000 & perhaps as far as 31850/750 for profit taking.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.