NASDAQ September longs at strong support at 14970/930 worked perfectly again yesterday initially targeting 15055/075.
E-mini Dow Jones September longs at strong support at 35090/35050 worked perfectly—we bottomed exactly here and shot higher to 35270 this morning.
E-mini S&P longs at second support at 4430/20 target 4445/50, perhaps as far as 4475/79 for profit taking. 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 with support at 4430/20. Longs need stops below 4410. A buying opportunity at 4395/91, stop below 4380.
NASDAQ longs at strong support at 14970/930 target 15055/075, perhaps as far as 15110/120. Further gains retest the all time high at 15172. A break higher targets strong resistance at 15320/350. A break above 15400 targets 15700/750. Failure to beat 15055/075 risks a retest of strong support at 14970/930. Longs need stops below 14890. A break lower can target 14790/770.
E-mini Dow Jones September longs at strong support at 35090/35050 work on the bounce towards minor resistance at 35300/350. Further gains can retest 35547. Shorts are too risky with no sell signal in such a strong bull trend. A break higher targets 35650/680 this week. Holding minor resistance at 35300/350 risks a retest of strong support at 35090/35050. Longs need stops below 34990. A buying opportunity at 34900/850. Stop below 34800.
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