Emini Dow Jones bounced back 26417 as I write

Jason Sen DayTradeIdeas.co.uk

Emini Dow Jones _ Nasdaq June contract

Emini Dow Jones bounced back 26417 as I write. Further gains targets 26435/440 then 26470/475 before a retest of last week's high at 26500/510. A break higher targets 26550/570 then 26690/710. Very minor support at 26390/370 then minor support at 26310/300. Expect better support at 26260/240 but longs need stops below 26200.

Nasdaq bounce from minor support at 7598/96 rockets straight back to minor resistance at 7655/60. Markets become more volatile in overbought conditions when they top out. Just be aware, but we wait for a sell signal. Minor support at 7645/40 but below here targets 7625/22. Further losses target 7602 then minor support at 7598/96 again. Bulls obviously need a break above 7665 to target 7683/86 then strong resistance at 7695/7705.

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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