Emini Dow Jones holding below 24000 in overbought conditions

Emini Dow Jones _ Nasdaq March contract

Emini Dow Jones holding below 24000 in overbought conditions (& a bear trend) targets: 23850, & 23780/760 (we bottomed exactly here on Friday) before support again at 23630/610. Longs are increasingly risky. Below 23590 targets 23560, 23480/460 & strong support at 23440/420.
Shorts need stops above 24000 for 24080/099, perhaps as far as strong resistance at 24200/230.

Nasdaq held 6630/40 for a small a double top sell signal targeting first support at 6575/65. We bottomed exactly here but further losses are likely for 6535 & support at 6525. Longs are increasingly risky & if we continue lower look for 6505, 6495 & 6470.
A break above 6645 takes us towards resistance at 6675/80. Watch for a high for the day. A break above 6695 however targets 6711/14 then 6720/23.


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.