Emini Dow Jones: Gains Above 26500/510 Retest 26550/570

Emini Dow Jones – Nasdaq Daily Forecast – April 17, 2019

Emini Dow Jones _ NasdaqJune

hit all targets as far as 26550/570 then reversed 150 ticks. We have bounced back to last week’s high at 26500/510 as I write. Further gains retest 26550/570 of course. A break higher targets 26690/710.

Very minor support at 26390/370 held perfectly on the pullback yesterday. Further losses today meet a buying opportunity at 26330/310 but longs need stops below 26280.

topped exactly at strong resistance at 7695/7705 in severely overbought conditions. However, there is no sell signal so shorts are risky in the bull trend. Above tests the all-time high at 7726/29. Obviously, this is mega important. A double top here would be a serious sell signal. If you want to try a short, stop above 7740.

Failure to beat 7695/7705 targets 7688/86 then trend line support at 7668/66. A break lower test support at 7657/54. Longs need stops below 7649.

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.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the

Read More Here...

Bookmark the permalink.