E Mini Nasdaq : Forecast December 18, 2014
Jason Sen | Dec 18, 2014 03:04AM ET
E-Mini NASDAQ March bottomed just 4 points below strong support at 4090/4085 to signal the end of the December correction as expected & beat 4140/4145 for another very positive signal to quickly target 4165 as predicted. A break above yesterday's high at 4173 targets strong resistance at 4184/4187 today. This is the biggest challenge for Bulls, but shorts need stops above 4195. A break higher is very positive and should then see 4185 work as good support for a move towards 4208/4212. It could be worth trying shorts here with a stop above 4220.
Immediate support is at 4145/4142 and is worth trying longs with a stop below 4132. Below here. However risks a slide to 4120/4115. Any longs here need a stop below 4105 as this could trigger further losses down to good support at 4095/4095. Try longs at 4090/4085 with a stop below 4075.
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