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E-Mini Nasdaq: Chance Of Small Dip Before NFP

Published 11/05/2015, 05:31 AM
Updated 07/09/2023, 06:31 AM

E Mini Nasdaq Chart

Emini Nasdaq overdue some profit taking and after yesterday's doji candle, there is a greater chance of a small dip today before NFP tomorrow. Below 4699 retests yesterday's low at 4691, and if we continue lower, look for support at 4680. If this does not hold the downside, we risks a slide as far as 4665. Further losses meet a buying opportunity at 4651/50.

Holding above 4699 is more positive for today and targets 4718/20. If we continue higher, look for a retest of 4729 highs. A break higher should finally reach our target of 4735/38. Further gains could eventually reach 4772/74. If we continue higher, look for 4786/88 then 4795/98. Further gains in next week could see us headed for 4850 and the all time high at 4884.

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