E-Mini Nasdaq: First Resistance At 4503/08
Jason Sen | May 18, 2015 03:54AM ET
Emini NASDAQ outlook positive but we must hold above 4470 again today to target first resistance at 4503/08. Any further gains this week target 4531/36 then all important resistance at March highs of 4555.
First support at 4470/65 but below here risks a slide to 4455 then support at 4445/40. Try longs with stops below 4430. On a break lower look for a buying opportunity at 4420/15 but below here targets 4401/4397 then a buying opportunity at 4380/75. Longs need stops below 4365.
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