Emini S&P 500, Nasdaq, Emini Dow Jones

Emini S&P September started last week with a buy signal & gained another 70 points, reaching next targets of 4320/23 & 4340/45 on Friday. A new all time high at 4347.

Nasdaq September finally beat the next target of 14590/600 after a short consolidation in the bull trend hitting the next target of 14660/680.

Emini Dow Jones September consolidated at the start of last week allowing us to buy into longs at best support at 34130/100. This worked perfectly with a 600 tick bounce to the next target of 34500/510, then 34652 & as far as the June high at 34700 on Friday.

Today’s analysis

Emini S&P higher to the next targets of 4320/23 & 4340/45 as predicted.

No sell signal despite severely oversold conditions so we must assume the downside will be limited in the strong bull trend. First support at 4300/4295, 2nd support at 4270/65.

Nasdaq holding first support at 14460/440 to target 14550, 14590/600 & 14660/680. Further gains are expected to 14750/800 & 14940/990.

The downside should be limited in the strong bull trend. First support at 14610/580. Second support at 14510/470.

Emini Dow Jones September retests the June high for the September contract at 34700/720. A break higher targets.

Downside is likely to be limited with minor support at 34660/630 & again at 34460/430, best support at 34320/280. but longs need stops below 34200.

Chart

S&P 500

The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.

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