Emini Dow Jones Outlook Positive On Break Higher

Emini Dow Jones _ Nasdaq

outlook positive on the break higher targeting 25560/570, 25635/645 and 25680/690. On further gains look for 25720/730 and 25780/790.

Downside should be limited but below 25440 could retest last week’s high at 25385/375. Longs need stops below 25330. Further losses target 25230/220.

key resistance at the 200-day moving average at 7055/60. If we can follow the S&P higher look for 7095/99 and 7135/40. Failure to beat 7055/60 targets 7010/05, perhaps as far as 6975/70. On further losses look for 6955/54 then strong support at 6938/34.

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