Emini Dow Jones strong bounce from 26330/310 reaches 26626

Jason Sen DayTradeIdeas.co.uk

Emini Dow Jones _ Nasdaq June contract

Emini Dow Jones strong bounce from 26330/310 reaches 26626 as I write this morning on the open. Further gains target 26700/705 & 26740/750, perhaps as far as 26790/799.
First support at 26550/530 but below 26510 risks a slide to 264540/430. Below 26400 look for support at 26330/310.

Nasdaq new all time high at 7729/33 with a potential double top here & this would be a serious sell signal. If you want to try a short, stop above 7740. A break higher is a clear buy signal targeting 7756/58 & 7772/75.
Minor support at 7700/7696 then much better support at 7677/73. A break below 7665 targets 7655, 7645 & perhaps as far as good support at 7632/28. Longs need stops below 7620.

Author

Jason Sen

DayTradeIdeas.co.uk

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