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.

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DJ MINI

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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