Nasdaq reversed from 7665 to hit 7618

Jason Sen DayTradeIdeas.co.uk

Emini SP 500 _ Nasdaq June contract

Emini S&P topped exactly at the next target of 2912/14. A break higher today targets 2417/18 then 2924/26, perhaps as far as 2935/37 later in the week.
First support at 2900/2898 but below here 2895 re-targets 2890/88 then minor support at 2886/84. A break lower retests last week's low at 2879/77.

Nasdaq reversed from 7665 to hit 7618. We topped exactly at minor resistance at 7655/60 on the bounce. Holding here retargets 7645/40 before best support today at 7625/22. Longs need stops below 7616. A break lower targets 7602 then minor support at 7598/96.
Bulls obviously need a break above 7665 to target 7683/86 then strong resistance at 7695/7705.

Author

Jason Sen

DayTradeIdeas.co.uk

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