.jpg)
-
Emini S&P March futures recover as expected in the longer term bull trend.
-
Emini Nasdaq longs at my buy level of 18000/17900 worked perfectly hitting all targets of 18100, 18160 & 18230, with a high for the day almost exactly here.
-
Emini Dow Jones March futures made a low for the day exactly at support at 38550/500 before a bounce to my upper target of 39000 for an easy 450-500 tick profit.
Emini S&P: bulls remain in control, with buying the dips still the winning strategy, despite the late sell off on Friday.
-
Beat 5155 for yesterday’s buy signal targeting 5175 before a retest of 5190/95, which could be seen today.
-
A break above 5195 this week can target 5210, perhaps as far as 5224/26.
-
Minor support at 5145/35 but longs need stops below 5125.
-
Support at 5090/80.
Nasdaq March futures made a low for the day exactly at good support at 18000/17900. Targets for the bounce are 18100, 18160 & perhaps as far as 18230.
-
Likely to continue higher in the bull trend. Today’s targets are 18260 & 18350/370.
-
Bulls need a break above the all time high of 18436 for the next buy signal.
-
We should have good support again at 18000/17900, stop below 17800.
-
On a break below 17800 however this could turn the outlook more negative for me & we would of course expect to see 17900/18000 then act as resistance.
-
If you reverse in to a short on a break lower look for targets of 17600 & 17400.
Emini Dow Jones March made a high for the day exactly at strong resistance at 38950/39000, again on Friday.
-
We made a low for the day on Monday exactly at support at 38550/500. Longs here worked perfectly on the bounce to 39000 for profit taking. If we continue higher look for 39150 before a retest of the all time high at 39290-39343.
-
We have been in a sideways consolidation for a month & a half.
-
Support again at 38550/500 but longs need stops below 38400. Targets for the bounce are 38900 & 39000 for profit taking.
-
If we continue higher look for 39150.
-
A break below 38200 however targets 38200/100.
