NASDAQ: A Break Higher To 14500 Is A Buy Signal

• MARCH we wrote: bounced to my first goal of 4260/70. In truth a excessive for the day precisely right here. Nevertheless there was probability that it was solely a pause and finally we proceed increased in direction of 4300/10, maybe so far as robust resistance at 4360/80. Good name as we paused for fairly a very long time at 4260/70 however finally broke increased as predicted so far as robust resistance at 4360/80 with a excessive for the day precisely right here.
• MARCH we wrote: We have now held the 23.6% Fibonacci degree of 13850/950 however I feel that is only a pause . Finally (hopefully at this time) a break above 14000 indicators additional features to minor resistance at 14070/080 then 14350/360. Larger as predicted and on the way in which to 14350/360 I feel.
• MARCH we wrote: longs at robust help at 32400/300 labored completely with longs profitable large sums on the bounce to resistance at 32900/33000….however I feel that is only a pause. Finally (hopefully at this time) a break above 33400 indicators additional features to 33600 earlier than robust resistance at 33900/34000. Did you run the lengthy from 32400/300 all the way in which as much as 33900/34000 for an enormous 1500 tick acquire?

At this time’s Evaluation

E-mini S&P increased as predicted and straight to my goal and powerful resistance at 4360/80 with a excessive for the day right here for an ideal name on Friday! A break increased definitely doable on Monday to focus on 4420/30, maybe so far as robust resistance at 4450/60. Shorts want stops above 4470. A break increased targets 450/4510, maybe so far as resistance at 4530/40.

Holding robust resistance at 4360/80 dangers a slide to 4325/20 earlier than robust help at 4275/65. Longs want stops under 4250. A break decrease nonetheless targets 4220/10, maybe so far as necessary help at 4195/4185.

NASDAQ can goal minor resistance at 14350/360 earlier than very robust resistance at 14400/450. A excessive for the day is anticipated—shorts want stops above 14500. A break increased nonetheless is a purchase sign concentrating on 14800/850. Robust help at 13950/850, however longs want stops under 13750. A break decrease targets 13600/550 earlier than a retest of necessary long run help at 13000/12900. Longs want stops under 12800. A break decrease nonetheless may ship costs down one other 1000 factors finally.

E-mini Dow Jones longs at robust help at 32400/300 labored completely for as much as 1500 ticks revenue on the run to robust resistance at 33900/34000. Shorts want stops above 34150. A break increased targets 34500, maybe so far as robust resistance at 3500/35100. Holding robust resistance at 33900/34000 targets 33300/33200. Longs want stops under 33000. Once more robust help at 32400/30. A break under 32000 is then an important long run promote sign and will see 750 tick losses virtually instantly.