E-Mini NASDAQ Looks To Recovery Above 4110/15
Jason Sen | Sep 29, 2015 02:37AM ET
E-Mini NASDAQ has so far bottomed at 4080 overnight. Being severely oversold now, a recovery is not out of the question. A break above 4110/15 is required for a more short term positive confirmation to target minor resistance at 4135. If we continue higher today look for stronger resistance at 4165/69. Try shorts with stops at 4185. Be ready to buy a break above 4175 to target 4195/4200. If we continue higher this week look for the next target and strong resistance at 4220/24.
Be ready to sell a break below 4075 to target 4050/46 then 4036 and 4015/10. If we continue lower look for some support at 3997/92.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.