Daily Forecast - 25 July 2017
Emini Dow Jones September contract
Emini Dow Jones failure to beat 21530 triggers a slide back to 21465/460 before the low last week at 21420/416. A break lower today targets strong support at 21365/355 for a buying opportunity with stops below 21295.
First resistance at 21525/535 but above 21550 sees us headed towards 21595 before the 21620/628 all time high....but we have major, major, MAJOR important 6 year trend line resistance at 21710/730. Nothing else matters this week!
S&P September contract
Emini S&P first support at 2466/65 before a buying opportunity at 2460/59, with stops below 2454. A break lower however sees 2459/60 act as resistance to target 2450/49.
Above 2470 allows a retest of the new all time high at 2476.25. Further gains target 2478/79 before strong trend line resistance at 2495/99.
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