Emini Dow Jones holding minor resistance at 25660/680
|Emini Dow Jones _ Nasdaq June contract
Emini Dow Jones holding minor resistance at 25660/680. Gains are likely to be limited but above 25700 look for strong resistance at 25750/780. Shorts need stops above 25820. A break higher targets a selling opportunity at 25940/960. Stop above 26000. A break higher is a good buy signal.
Failure to beat first resistance at 25660/680 targets 25580/560. Below 25500 look for 25380/370 & 25320/300. Further losses retest mega important support at the 25220/210 low. A break lower is a big medium term sell signal.
Nasdaq gains are likely to be limited with minor resistance at 7335/40 & 7355/60. Stronger resistance at 7385/90. Shorts need stops above 7410. A break higher targets 7440/50.
Mega important neckline support at 7295/90 so a break lower is a sell signal. A break below 7268 targets 7235/25. A break below here is another important sell signal. Look for 7210 & 7185/80.
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