Emini Dow Jones: Buying opportunity at 28280
|Emini Dow Jones – Nasdaq
Emini Dow Jones December has bounced just 6 ticks from our buying opportunity at 28280/250.
Nasdaq broke support at 11980/940 but unfortunately did not make it as far as our buying opportunity at 11820/800.
Daily Analysis
Emini Dow Jones buying opportunity at 28280/250 with stops below 28200. A break lower targets 28160/150 then an excellent buying opportunity at 27950/850, with stops below 27750.
Longs at our buying opportunity at 28280/250 target first resistance at 28450/500 but above 28550 look for 28650 then a retest of 28800/850. Further gains target 29000/030.
Nasdaq buying opportunity at 11900/850 with stops below 11800. A break lower targets 11730/710 then a buying opportunity at 11600/550. Stop below 11600.
First resistance at 12000/030 but a break higher is more positive targeting 12160/200 then 12340/350, before a retest of the all time high at 1245/465. In overbought conditions this should be strong resistance & of course we risk the formation of a negative double top.
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.