Emini Dow Jones: Break Above 26120 Targets These Levels
Jason Sen | Jul 06, 2020 07:14AM ET
Emini Dow Jones September Futures sideways again and likely to remain in this trend. Shorts at 25880/900, unfortunately, stopped above 26000 before we reversed from 26088.
Nasdaq September Futures continue higher through strong resistance at 10290/310 to targets of 10360/380 and 10430/450 (holding just 8 ticks below).
Today’s Analysis
Emini Dow Jones minor support at 25770/720 but below here targets 22560/500. Expect strong support at 25300/250.
First resistance at 26030/080. A break above 26120 targets 26250/290 and 26400/450.
Nasdaq held 10430/450 but above here targets 10490/505. On further gains look for minor resistance at 10610/630.
First support at 10320/300 and longs need stops below 10250. A break lower targets 10180/160.
Trends
- Weekly outlook is positive
- Daily outlook is neutral
- Short Term outlook is neutral
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