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.

DJ

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.

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