Emini Dow Jones And Nasdaq March Futures Forecast For Feb 11, 2020

bottomed exactly at our buying opportunity at 28960/930 and longs worked perfectly on the bounce through minor resistance at 29150/170 as we hit 29230/240 and 29310/320 for a potential 350 ticks profit for bulls.

finally makes a break above 9460/65 after a short pause for breath, hitting all upside targets to 9560/70. Easy money for bulls.

Emini Dow Jones bounces back to 29310/320. Expect minor resistance at 29345/365 before the new all time high at 29455/475. A break higher targets 29550/570, perhaps as far as 29620/640.

The downside is expected to be limited with first support at 29160/130. Below 29100 however, risks a slide to 29070/050 before our buying opportunity at 28960/930 with stops below 28890. A break lower risks a slide to 28810/790.

Nasdaq through 9460/65 and strong resistance at 9510/15 yesterday to hit the next target of 9560/70. As I write we topped exactly here but bulls remain in control of course as we look for 9615/20. Above 9630 look for strong resistance at 9650/60 then resistance at 9695/9705

Minor support at 9530/25 then key support at 9465/60. Longs need stops below 9445.

Trends

Weekly outlook is positive Daily outlook is positive Short Term outlook is positive Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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