Emini Dow Jones And Nasdaq Daily Forecast – 26 Mar, 2020

If you then bought the break above 21000 on the buy signal we hit all targets as far as 21900/22000 for a potential 900 ticks extra profit.

NASDAQ shorts at strong resistance at 7630/50 worked perfectly offering a potential 200 points profit on the slide to good support at 7405/7390.

However, we then beat broke strong resistance at 7630/50 to hit 7758.

Reports will be updated around the US open if necessary.

Emini Dow Jones reversed from the 21900/22000 target. Holding below 21000 today risks a slide to 20800/750, 20600/550 & a buying opportunity at 20450/350. Bulls must hold here to remains in short term control. I think they can do it for one last push higher into tomorrow for a selling opportunity before the weekend. Stop below 20200 for 20000 then 19900/800 &19600/500.

On a break above 2000 try shorts at 22400/500 with stops above 22700. Just be aware that a break higher could take as far as an excellent selling opportunity at 23600/800.

Nasdaq bulls have a buying opportunity at 7350/7300 looking for a bounce to 7420/40 & 7480/7500. A break above 7550 targets 7630/50 before yesterday’s high at 7740/60. This is strong resistance coupled with further strong resistance at 7810/40. I think this will mark a high for the bounce if tested. Shorts need stops above 7900.

A buying opportunity at 7350/7300 with stops below 7200. A break lower puts bears back in full control targeting 7160/40 & minor support at 7070/50. On further losses look for 6950/30& 6890/70.


Read More Here...

Bookmark the permalink.

Comments are closed.