Emini Dow Jones – Nasdaq

Emini Dow Jones December longs at our buying opportunity at 29550/500 workedperfectly offering up to 400 ticks profit as I write.

Nasdaq December retests important resistance at the double top all time high at12410/465. A triple top is very rare, but if formed it is a strong sell signal. Obviously asustained break above here is a buy signal.

Daily  Analysis

Emini Dow Jones longs at the buying opportunity at 29550/500 work on the bounceback to 29900. Holding here risks a slide to 29780/750 & 29660/640. Downside isexpected to be limited in the strong bull trend but further losses give us a secondbuying opportunity at 29550/500. Longs need stops below 29400. Be ready to sell abreak below targeting a buying opportunity at 29200/150 with stops below 29050.

Bulls need to sustain a break above 30000. Above 30200 look for 30250 &30400/450, perhaps as far as 30620/660.

Nasdaq retests important resistance at the double top all time high at 12410/465.This could be a very important day! Obviously a sustained break above here is a buysignal. Be ready to buy a break above 12500.

Below 12330 is less positive. Minor support at 12200/190 but below here targets12130 with a short term buying opportunity at 12090/060. Stop below 12000. Abreak below here is an important sell signal




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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