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

Emini Nasdaq Holds Below 4195/93 To Target 4170/65

Published 01/27/2016, 05:58 AM
Updated 07/09/2023, 06:31 AM

E Mini Nasdaq Chart

Emini Nasdaq now holding below 4195/93 as I write to target first support at 4170/65. It is only a sustained break below 4150 that adds pressure and risks a slide to 4133 and perhaps as far as 4123/20. If we continue lower we meet good support at 4095/90.

First resistance at 4195 is only minor and further gains could target 4218/22. If we continue higher look for yesterday's high at 4240/44 before another selling opportunity at 4253/57. Shorts need stops above 4270 again today. Just be aware that a break higher sees 4257/53 act as strong support to target 4300/05, perhaps as far as 4335/40.

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.