Emini Dow Jones Daily Forecast For Dec. 7, 2018
Jason Sen | Dec 07, 2018 06:22AM ET
Emini Dow Jones buyers important support at 24330/24230 offered up to 700 very fast profits on the bounce to resistance at 24950/970. A break above 25000 targets strong resistance at 25150/180; stops above 25250. A break higher targets 25330 & 25380/400.
Holding strong resistance at 24950/970 targets 24860/840 & minor support at 24700/670. Below 24600 risks a slide to 24530/500 & 24420/400 before the most important support of the week from 24300 to 24230. A break below 24050 is a serious medium term sell signal.
NASDAQ holding our shorts at 6830/40 with stops above 6855. A break higher targets 6890/95. Above 6900 look for 6915 & 6923/25 then resistance at 6947/50.
Holding below 6830/40 targets 6805/00 & 67 85/80 before support at 6756/60. If we continue lower look for 6740/35 & 6705/00.
Further losses re-target 6675/70 before the low at 6645/40. A break below 6640 targets 6610/05. Below 6595 look for 6580/70, 6540/30 & perhaps as far as 6505/6495.
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