Emini Dow Jones we wrote: Holding minor support at 29240/220 allows a recovery to 29310/320 & 29345/365 before the new all time high at 29455/475. A break higher targets 29550/570…
The rally from 11 ticks below 29240/220 offered 300 ticks profit as we topped 7 ticks from 29550/570.
Nasdaq higher as predicted to targets of 9560/70, 9606/09 & 9615/20. We topped just 8 points above.
Emini Dow Jones dips to first support at 29390/370. If we continue lower look for support at 29290/270. Further losses meet a buying opportunity at 29220/200, with stops below 29160.
Holding first support at 29390/370 allows a recovery to 29455/475 before a retest of 29550/570. If we continue higher look for 29620/640.
NASDAQ first support at 9560/56 with the downside expected to be limited, but below here look for 9517/13. A break below 9500 risks a slide to a buying opportunity at 9470/60, with stops below 9445.
A bounce from first support at 9560/56 targets 9582/85 & 9605/10 before the new all time high at 9623/28. Above 9630 look for strong resistance at 9650/60 then resistance at 9695/9705.
Trends
Weekly outlook is positive
Daily outlook is positive
Short Term outlook is positive