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

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD trims intraday gains, stays flat around 1.1630

EUR/USD struggles to find direction and trades in a narrow channel on Monday. Investors refrain from taking large positions ahead of this week's critical Fed policy meeting, allowing the pair to stay in a consolidation phase following two consecutive weeks of bullish action. US Dollar gains ground as risk aversion kicks in.

GBP/USD edges lower toward 1.3300 as markets turn cautious

GBP/USD corrects lower toward 1.3300 on Monday after posting gains in the previous week. The markets adopt a cautious stance ahead of the highly-anticipated Fed meeting, making it difficult for the pair to gather bullish momentum.

Gold remains seases below $4,200 as markets gear up for Fed

Gold turned south after Wall Street's opening, trading south of $4,200. The US Dollar finds additional legs on a souring mood on Monday as market participants prepare for the upcoming Fed meeting, which will provide key insights into the short-term policy outlook.

Bitcoin and Ethereum aim for breakouts as Ripple holds at $2

Bitcoin, Ethereum, and Ripple record a minor recovery on Monday, starting the week on a positive note. The retail demand for major cryptocurrencies remains strong despite outflows from Bitcoin and Ethereum Exchange Traded Funds.

The Silver disconnection is real

Silver just hit a new all-time high. Neither did gold, nor mining stocks. They all reversed on an intraday basis, but silver’s move to new highs makes it still bullish overall, while the almost complete reversals in gold and miners make the latter technically bearish.