Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

E Mini Nasdaq : Forecast December 18, 2014

Published 12/18/2014, 03:04 AM
Updated 07/09/2023, 06:31 AM

E Mini Nasdaq Weekly Chart

E-Mini NASDAQ March bottomed just 4 points below strong support at 4090/4085 to signal the end of the December correction as expected & beat 4140/4145 for another very positive signal to quickly target 4165 as predicted. A break above yesterday's high at 4173 targets strong resistance at 4184/4187 today. This is the biggest challenge for Bulls, but shorts need stops above 4195. A break higher is very positive and should then see 4185 work as good support for a move towards 4208/4212. It could be worth trying shorts here with a stop above 4220.

Immediate support is at 4145/4142 and is worth trying longs with a stop below 4132. Below here. However risks a slide to 4120/4115. Any longs here need a stop below 4105 as this could trigger further losses down to good support at 4095/4095. Try longs at 4090/4085 with a stop below 4075.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.