S&P 500, NASDAQ, Dow Jones Futures Forecast

NASDAQ September longs at strong support at 14840/800 worked perfectly. We bottomed exactly here with a 140 tick profit offered so far.

E-mini Dow Jones September held just 12 ticks above strong support at 34750/710.

E-mini S&P best support is again at 4375/70. Longs need stops below 4365 for a buying opportunity at 4345/35. Longs need stops below 4330. A break lower targets 4305/00. The only resistance of any importance is at 4405/10. A break above 4415 is a buy signal targeting 4455/60.

NASDAQ bounces back to very minor resistance at 14965/995. Further gains retest 15100/120 and the new all time high at 15134. A break higher targets strong resistance at 15320/350. A break above 15400 targets 15700/750. Strong support at 14840/800. Longs need stops below 14750. A break lower targets a buying opportunity at 14640/610. Longs need stops below 14550.

E-mini Dow Jones September holding above 35000/34975 targets 35160/190, perhaps as far as resistance at 34400/450. Strong support at 34750/710 and strong support again at 34540/500. Longs need stops below 34450.

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.

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