E Mini Nasdaq: Support And Resistance
Jason Sen | Sep 26, 2016 09:12AM ET
Emini Nasdaq holding strong support at 4853/50 allows a recovery to 4867/70, perhaps as far as the new all time high of 4892. A break higher not out of the question in the bull trend despite overbought conditions and targets 4899/4900. Gains are likely to be more limited as we become overbought but without a sell signal we look for 4918/21 then 4931/34. If we continue higher look for 4952/56.
First support at 4853/50 but below here targets the best support for today & an excellent buying opportunity at 4833/30. Try longs with stops below 4820. Just be aware that a break lower targets support at 4805/00.
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