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Emini Dow Jones – Nasdaq

Emini Dow Jones December holding below 29150 is a sell signal for today. Be ready to sell a break below 28800.

Nasdaq December shorts at 11850/900 with stops above 11950 were tricky because we over ran to 11975 – my stop was too tight. But if you held on we dipped a little to 11775.

Daily Analysis

Emini Dow Jones be ready to sell a break below 28800 targeting 28700/650, & strong support at 29500/400. Try longs with stops below 28350. A break below here risks another 300-400 tick slide towards 28000.

Try shorts at 29150/200 with stops above 29230. A break higher is a buy signal targeting 29400/450, perhaps as far as 29500/570. A break above 29620 is a buy signal targeting 29800/850 before a retest of the all time high at 30000.

Nasdaq holding below first resistance at 11850/950 targets 11720/700 then best for today support at 11650/600. Longs need stops below 11550. A break below lower is a sell signal targeting 11450, 11400/350 & 11250 before 100 day moving average support at 11250/220.

First resistance at 11850/950. A break above 12000 is a buy signal targeting 12050/090 & 12120/130, perhaps as far as 12200/220.