Nasdaq buying opportunity at strong support [Video]

Jason Sen DayTradeIdeas.co.uk

Emini Nasdaq futures

Emini Nasdaq September made a high for the day just 40 ticks from first resistance at 28800/900.

From here we collapsed to very strong support at 28000/27850, which could well mark a low for the correction.

Longs need stops below 27700.

A break below 27700 however is a sell signal targeting 27550/27500 & perhaps as far as 27190/150.

First resistance at 28400/480 & shorts need stops above 28520.

Author

Jason Sen

DayTradeIdeas.co.uk

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens.

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