E-Mini Nasdaq: Chance Of Small Dip Before NFP
Jason Sen | Nov 05, 2015 05:31AM ET
Emini Nasdaq overdue some profit taking and after yesterday's doji candle, there is a greater chance of a small dip today before NFP tomorrow. Below 4699 retests yesterday's low at 4691, and if we continue lower, look for support at 4680. If this does not hold the downside, we risks a slide as far as 4665. Further losses meet a buying opportunity at 4651/50.
Holding above 4699 is more positive for today and targets 4718/20. If we continue higher, look for a retest of 4729 highs. A break higher should finally reach our target of 4735/38. Further gains could eventually reach 4772/74. If we continue higher, look for 4786/88 then 4795/98. Further gains in next week could see us headed for 4850 and the all time high at 4884.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.