Nasdaq best support at 12820/780

Jason Sen DayTradeIdeas.co.uk

Emini Dow Jones – Nasdaq

Emini Dow Jones March bounced at a higher level yesterday, holding 30777 to hit the 31000/045 target. Bulls remain happy to buy the dip!

Nasdaq March unexpectedly over ran 12790 to hit 12767. Best support at 12820/780 today. Try longs with stops below 12720.

Daily Analysis

Emini Dow Jones bounces back to 31000/045 before testing the all time high at 31148. Despite severely overbought conditions, further gains in the bull trend target 31250/350 & 31570/630 this week.

A break below 30930 risks a slide to a buying opportunity at 30700/660 with stops below 30600. Next buying opportunity at 30400/360. Longs need stops below 30300.

Nasdaq best support at 12820/780. Try longs with stops below 12720. A break below targets a buying opportunity at 12630/600 with stops below 12550.

Longs initially target 12970/980 then 13030/060 before a retest of the all time high at 13115/125. A break higher targets 13200/220 & 13280/300. Above look for 13470/490.

Chart

Author

Jason Sen

DayTradeIdeas.co.uk

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