Emini Dow Jones Nasdaq Forecast

Intermediate

Emini Dow Jones minor resistance at 25370/390 then strong resistance at 25550/580. Shorts need stops above 25600 for the next target of 25740/750 & strong resistance at 25880/920.

Very minor support at 25285/255 before the low at 25050/030. Best support at 25000/24900 so a break below 24800 is a sell signal targeting important support at 25630/600.

Monthly Dow Jones Chart 2019-08-06

Nasdaq crashed another 480 points yesterday. First resistance at 7340/50 but above here 7370 targets strong resistance at 7410/20. Shorts need stops above 7440. A break higher targets 7475 then a selling opportunity at 7525/35, with stops above 7550.

Failure to beat first resistance at 7340/50 targets minor support at 7310/05 & 7275 before the low at 7225. From here down to 7200 is the most important support of the day. Longs need stops below 7170. A break lower is an important sell signal & we could quickly drop another 100 points or more.

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