Emini Dow Jones December edges through 30000 to 30165

Jason Sen DayTradeIdeas.co.uk

Emini Dow Jones – Nasdaq

Emini Dow Jones December edges through 30000 to 30165 but we are dipping back this morning.

Nasdaq holding what should be strong support at 12070/050 re-targets 12150/173. A break higher is another buy signal targeting 12250/270 before a retest of the double top all time high at 12410/465.

A break below 12020 risks a slide to 11980/950. Further losses meet strong support at 11850/800.

Daily Analysis

Emini Dow Jones bulls need to sustain the break above 30000. Above 30200 look for 30250 & 30400/450, perhaps as far as 30620/660.

Back below 29900 is less positive for today & risks a slide to 29780/750. Downside is expected to be limited in the strong bull trend but below 29650 look for a buying opportunity at 29550/500.

Nasdaq holding what should be strong support at 12070/050 re-targets 12150/173. A break higher is another buy signal targeting 12250/270 before a retest of the double top all time high at 12410/465.

A break below 12020 risks a slide to 11980/950. Further losses meet strong support at 11850/800.

Chart

Author

Jason Sen

DayTradeIdeas.co.uk

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