Emini Dow Jones beat first resistance at 26530/550 to target 26620/630

Jason Sen DayTradeIdeas.co.uk

Emini Dow Jones _ Nasdaq June contract

Emini Dow Jones beat first resistance at 26530/550 to target 26620/630 & almost as far as 26700/705. A break higher targets 26740/750 then 26790/799.
Failure to beat minor resistance at 26700/705 targets 26630/620, perhaps as far as 26530/550. Downside is likely to be limited in the bear trend but below here look for good support at 26470/460.

Nasdaq through 7772/75 to hit 7843. Outlook remains positive despite overbought conditions as we look for 7870/75 & 7895/99. Above look for 7923/26 & 7936/39.
Downside is expected to be limited in the bull trend but below 7830 risks a slide to 7800/95. Further losses meets support at 7770/60.

Author

Jason Sen

DayTradeIdeas.co.uk

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens.

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