Emini Dow Jones first resistance at 25660/680

Jason Sen DayTradeIdeas.co.uk

Emini Dow Jones _ Nasdaq September contract

Emini Dow Jones first resistance at 25660/680. A break above 25700 targets 25780/790 & above 25820 meets strong resistance at 25900/930. Try shorts with stops above 25960. A break higher targets 26140/160. First support at 25550/520 but below 5490 risks a slide to 25350 & minor support at 25270/250 with strong support at 25125/100. Longs need stops below 25020. A break lower tests 500 day moving average support at 24960/940.

Nasdaq holding first resistance at 7430/40 re-targets 7390/85. On further losses look for 7345/40, perhaps as far as 7300/7290. First resistance at 7530/40 but above 7550 targets strong resistance at 7585/95. A break above 7605 targets strong resistance at 7645/55. Shorts need stops above 7670.A break higher targets resistance at 7710/20.

Author

Jason Sen

DayTradeIdeas.co.uk

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens.

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