Emini Dow Jones: Targets 26410 below 26500

Emini Dow Jones_Nasdaq

Emini Dow Jones September Futures remains much more stable then theEmini S&P & Nasdaq.

Nasdaq September Futures DOUBLE TOP SELL SIGNAL.

Daily Analysis

Emini Dow Jones holding above first support at 12640/610 targets 26670/700& 26800/850 before a retest of last week’s high at 27000/063. If we continuehigher look for 27110/130.

We have 2 minor support levels at 12640/610 & again at 26520/500. Belowhere targets 26410/390 before a retest of this week’s low at 26330. Bestsupport at 26200/160.

Nasdaq did test strong resistance at the new all time high of 11040/060 aspredicted & topped exactly here leaving a DOUBLE TOP SELL SIGNAL. There issignificant risk to the downside now. If you are not short & cannot give you a100% reliable sell level (other then 11000/11050) but it would be worth enteringshorts with stops above 11100 & running them for a while. Yesterday’s initialbounce held 10930/940 so let’s assume this is first resistance. Holding heretargets 10830/820 & 10790/780 with minor support at 10720/710. So a breakbelow 10660 is the next sell signal targeting 10550/530 & support at10450/400. There is a good chance of a bounce from here on the first test, butbrave longs need stops below 10350.

If you want to try shorts, the best 2 levels are 10930/940 & 11000/11050. A breakabove 11100 has to be taken as a buy signal.

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