Nasdaq failed at key resistance at the 200 day moving average at 7055/60

Emini SP 500 _ Nasdaq March contract

Emini S&P can target 2755, 2765 & 2772/74. On further gains look for 2786/90, perhaps as far as 2805/10.
Support at 2745/40 but a break below 2735 risks a slide to support at 2722/20.

Nasdaq failed at key resistance at the 200 day moving average at 7055/60 & bottomed exactly at the first target of 7010/05. A low for the day very possible at 6960/50 but longs need stops below 6935. Further losses risk a test of the 100 day moving average at 6870/65.
200 day moving average has risen to 7065/70 so bulls need a break above 7080 for a strong buy signal.

SP

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