E-Mini S&P 500, NASDAQ, E-Mini Dow Jones Forecast
Jason Sen | Aug 17, 2021 07:35AM ET
E-mini S&P September overran first support at 4453/43 but did not reach second support at 4425/20. Longs certainly worked as expected with a new all time high at 4476.
NASDAQ September longs at strong support at 14970/930 worked perfectly again yesterday targeting 15110/120.
E-mini Dow Jones September held in between minor support at 35310/290 and better support at 35090/35050.
h2 Today’s Analysis/h2E-mini S&P hit our next target of 4475/79 and topped exactly here. Further gains always likely in this trend despite severely overbought conditions targeting 4500 and perhaps as far as 4540/45 this week. Downside is expected to be limited in the bull trend despite severely overbought conditions. There is no sell signal yet. First support at 4453/47. Second support at 4430/20. Longs need stops below 4410.
NASDAQ longs at strong support at 14970/930 target 15110/120 (hit) before a retest of the all time high at 15172. A break higher targets strong resistance at 15320/350. A break above 15400 targets 15700/750. Minor support at 15080/060, strong support again at 14970/930. Longs need stops below 14890. A break lower can target 14790/770.
E-mini Dow Jones September is higher as expected hitting 35547 now. Shorts are too risky with no sell signal in such a strong bull trend. Further gains target 35650/680 this week. Minor support at 35330/300, better support at 35090/35050. Longs need stops below 34990.
Disclaimer: No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realized. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.
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.