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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