E Mini Nasdaq : Forecast November 20, 2014
Jason Sen | Nov 20, 2014 05:49AM ET
E-Mini NNASDAQ trend line support is at 4212 today then good support at 4204/01. Try longs with stops below 4190. However. Be ready to jump into shorts on a break as this is a negative short-term signal and we could quickly target 4180/78. If we continue lower look for good support at 4170/4168. A good chance of a low for the day here so try longs with a stop below 4161.
Immediate resistance at 4230 but above here could target yesterday's high at 4242/43 then November highs at 4248/49. Watch for a high for the day. If however we continue higher today look for 4254 & 4270/75.
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