Emini S&P, Nasdaq, and Dow Jones analysis in current market climate [Video]

Jason Sen DayTradeIdeas.co.uk

Emini S&P September shot higher to recover much of Thursday's bearish engulfing candle & steep losses to reach Tuesday & Wednesday's highs. Further gains test last week's high at 4634.

Support at 4570/60. A break below 4555 should be a sell signal to target 4535 & 4510/4500.

A break above 4640 can target 4670/75, perhaps as far as 4695/99.

Nasdaq September has traded sideways for 2 weeks in a range from 15522/483 up to 16062. A break below 15470 is a sell signal for today targeting 15300/250.A break above the July recovery high at 16040/16060 can target 16300/350.

Emini Dow Jones September staged a recovery after Thursday's negative action. The question now is whether we break above Thursday's high at 35483 or Thursday's low at 35346.

A break above 35500 can target 35850/900.

A break below support at 35400/350 is a sell signal targeting 35100/050.

Author

Jason Sen

DayTradeIdeas.co.uk

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