Emini Dow Jones _ Nasdaq June contract
Emini Dow Jones holding minor resistance at 25660/680. Gains are likely to be limited but above 25700 look for strong resistance at 25750/780. Shorts need stops above 25820. A break higher targets a selling opportunity at 25940/960. Stop above 26000. A break higher is a good buy signal.
Failure to beat first resistance at 25660/680 targets 25580/560. Below 25500 look for 25380/370 & 25320/300. Further losses retest mega important support at the 25220/210 low. A break lower is a big medium term sell signal.
Nasdaq gains are likely to be limited with minor resistance at 7335/40 & 7355/60. Stronger resistance at 7385/90. Shorts need stops above 7410. A break higher targets 7440/50.
Mega important neckline support at 7295/90 so a break lower is a sell signal. A break below 7268 targets 7235/25. A break below here is another important sell signal. Look for 7210 & 7185/80.
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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