Emini S&P And Nasdaq March Futures Forecast For Feb 11, 2020

unexpectedly broke good support at 3324/22 but bounced from just above the next target of 3312/10. Bulls do not take long to regain control. We are making a break above 3357/58 now for a new all-time high today.

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 S&P making a break above 3357/58 in the never-ending bull trend to target 3364/66, perhaps as far as 3478/80 this week.

Failure to hold above 3357/55 risks a slide to 3350/48, perhaps as far as 3342/40. Downside is expected to be limited but below 3335 risks 3324/22.

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

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