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.



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.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis

Latest Forex Analysis

Editors’ Picks

AUD/USD battles 0.7100 as USD picks up bid on souring sentiment

AUD/USD eases from a weekly high of 0.7137 and flirts with 0.7100. The US dollar gains its feet across the board amid risk-aversion after American intelligence officials said that Russia and Iran have attempted to interfere in next month’s presidential election.


USD/JPY bounces off monthly low towards 105.00 as market optimism fades

USD/JPY retraces the biggest losses in two months from 104.34. S&P 500 Futures, Nikkei 225 drop around 0.50%, stocks in Pacific are also down. Japan’s All Industry Activity Index, risk catalysts will be the key to watch.


Gold bulls await fresh clues to probe monthly top below $1,950

Gold buyers catch a breather above $1,920 after posting the biggest gains in a fortnight. COVID-19 data from US states, Victoria propel fears of wider wave 2.0. US Initial Jobless Claims, aid package updates will be the key.

Gold News

WTI: Buyers lurk around 100-day EMA

WTI bounces off $39.83, the lowest in one week, to battle 50% Fibonacci retracement. EIA inventories recovered from -3.818M prior, -1.021M forecast. The energy benchmark dropped the lowest since October 15 the previous day.

Oil News

2020 Elections: Trump is is showing signs of a comeback, will the dollar follow?

"It ain't over till the fat lady sings" – goes the adage which is relevant for the 2020 Presidential Elections as well. Two weeks ahead of election day, there are signs that incumbent Donald Trump is clawing back some support, raising the chances that the race could drag on for longer.

Read more

Forex Majors