Emini Nasdaq Collapses Again
Jason Sen | Jan 20, 2016 07:54AM ET
Emini Nasdaq has collapsed again, hitting the target of September lows at 4041. There are signals that we may have now seen a low for the day...perhaps even for the correction at this stage. First target is 4077 then resistance at 4096/99. We should struggle here but if we continue higher look for 4125 then strong resistance at 4135/38. Try shorts with stops above 4145. Just be aware that a break higher from here then targets 4166/69 and perhaps as far as a selling opportunity at 4190/95.
A break below 4035 targets 4000/3999. A break below 3990 risks a slide to 3982 then 3960/56.
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