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.
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