E-Mini Nasdaq Reaches Trend Line Resistance At 4440/4443
Jason Sen | Apr 22, 2015 02:06AM ET
E-Mini Nasdaq key to direction is trend line resistance at 4440/4443 of course and shorts need stops above 4455. A break higher targets 4462/67 than the 4483 highs.
Failure to beat 4440/4443 should trigger a move lower towards 4423/20. If we continue lower look for support at 4400. This could hold the downside but longs need stops below 4388. A break lower sees 4400 act as resistance to target support at 4375/74. Try longs with stops below 4360 to target 4355/52. If we continue lower this week look for a buying opportunity at 4335/32.
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