Emini S&P 500, Nasdaq, Emini Dow Jones

Emini S&P September collapsed from the only resistance of any importance at 4405/10 to the best support at 4375/70. Longs worked perfectly on the bounce to 4400.

Nasdaq  September longs at strong support at 14840/800 worked perfectly. We bottomed exactly here with a 140 tick profit offered so far.

Emini Dow Jones September held just 12 ticks above strong support at 34750/710.

Daily analysis

Emini S&P best support again at 4375/70. Longs need stops below 4365 for a buying opportunity at 4345/35. Longs need stops below 4330. A break lower targets 4305/00.

The only resistance of any importance is at 4405/10. A break above 4415 is a buy signal targeting 4455/60.

Nasdaq bounces back to very minor resistance at 14965/995. Further gains retest 15100/120 & new all-time high at 15134. A break higher targets strong resistance at 15320/350. A break above 15400 targets 15700/750.

Strong support at 14840/800. Longs need stops below 14750. A break lower targets a buying opportunity at 14640/610. Longs need stops below 14550.

Emini Dow Jones September holding above 35000/34975 targets 35160/190, perhaps as far as resistance at 34400/450.

Strong support at 34750/710 & strong support again at 34540/500. Longs need stops below 34450. 

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The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.

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