Emini Nasdaq Holds Below 4195/93 To Target 4170/65
Jason Sen | Jan 27, 2016 05:58AM ET
Emini Nasdaq now holding below 4195/93 as I write to target first support at 4170/65. It is only a sustained break below 4150 that adds pressure and risks a slide to 4133 and perhaps as far as 4123/20. If we continue lower we meet good support at 4095/90.
First resistance at 4195 is only minor and further gains could target 4218/22. If we continue higher look for yesterday's high at 4240/44 before another selling opportunity at 4253/57. Shorts need stops above 4270 again today. Just be aware that a break higher sees 4257/53 act as strong support to target 4300/05, perhaps as far as 4335/40.
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