Daily Forecast - 24 June 2015
E Mini Nasdaq September contract
Emini Nasdaq must hold above 4540 or there is a risk of a very rare & very negative triple top pattern this week. Bulls must clear June contract highs at 4555 to be fully in control & target 4575/80 then 4595/4600.
First support at 4525/23 is only minor but below here a small buying opportunity at 4515/10. A bounce from here expected on the first test at least, but failure risks a slide to better support at 4490/85. Buy here, stop 4475. Target1 @4510 (trail stop to entry), Trgt2 @4525 then 4535.
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