Emini Dow Jones: Buying opportunity at 28280

Jason Sen DayTradeIdeas.co.uk

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.

Author

Jason Sen

DayTradeIdeas.co.uk

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