Emini Nasdaq Gets Very Overbought
Jason Sen | Oct 13, 2015 02:46AM ET
Emini Nasdaq: sooner rather than later we expect to see profit taking with minor support today at 4355/53, then slightly better support at 4339/36, but below here targets 4325/22. If we continue lower, the best support for today at 4305/00. Use this as a buying opportunity with stops below 4290.
Again today, an excellent selling opportunity at 4380/85. Only a 2 day close above strong resistance trend line at 4400 would be positive for this week, but we then run into 100 day moving average resistance at 4418/20.
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