Emini Dow Jones – Nasdaq
Emini Dow Jones March longs at first support at 30230/150 worked perfectly. We bottomed exactly here & shot higher to our targets of 30660/690 & 30880/905 in the bull trend.
Nasdaq March moves sideways after a big move lower on Monday. We bottomed exactly at crucial support at 12490/430.
Emini Dow Jones hits out targets of 30660/690 & 30880/905. We now look for 31000/100 & 31250/350.
First support at 31700/600. A buying opportunity at 30500/400 with stops below 30300.
Nasdaq longs crucial support at 12490/430 worked on the bounce to strong resistance at 12670/700 & again at 12770/800. In fact we topped exactly here. A break above 12850 opens the door 12910/920 before a retest of 12960/980. Further gains target 13050/070, perhaps as far as 13110/120.
Any shorts at 12770/800 target 12660/640. Below 12620 risks a retest of crucial support at 12490/430. A break below 12390 is a sell signal targeting 12240/200. A break below 12150 is the next sell signal initially targeting 12100/080 then 11970/940.
View more information: https://www.fxstreet.com/analysis/emini-dow-jones-buying-opportunity-at-30500-202101070802