Emini Dow Jones Daily Forecast – May 30, 2019
Emini Dow Jones _ Nasdaq
broke important support at 25220/210 for a big medium-term sell signal initially targeting 25000/24980. We bounced from 24937 but gains are likely to be limited in the short term bear trend. First resistance at 25150/160 then a selling opportunity at 25200/220, with stops above 25250. A break higher targets minor resistance at 25350/360.
A break below 24930 likely eventually to target 24870/860. Below 24830 meets minor support at 24720/700. On further losses look for 24650/630.
broke crucial support at 7295/90 for a sell signal and 7235/25 for another important sell signal. Our lowest target of 7185/80 hit and we bottomed exactly here! Easy money! Gains are likely to be limited with minor resistance at 7225/30 and 7255. Try shorts at 7285/90 with stops above 7305.
Further losses are expected eventually targeting the only support of any importance at 7165/60. LONGS ARE RISKY. Further losses target 7125/20 and support at 7095/85.
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