E Mini Nasdaq: Edged Higher
Jason Sen | Oct 28, 2014 02:38AM ET
E-Mini NASDAQ edged slightly higher to 4049/50. Getting overbought now so perhaps gains will be more limited this week. However if we continue higher look for 4052/53 then 4064/65.
It looks increasingly like we will hit profit taking sooner rather than later now. Failure to beat 4049/50 should trigger a move lower towards 4025/24 then yesterday's low at 4010. If we continue lower today look for good support at 3998/97 & a low for the day likely. However a break lower risks a slide to 3984/83 for a short term buying opportunity with stops below 3977.
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