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E Mini Nasdaq: Edged Higher

Published 10/28/2014, 02:38 AM
Updated 07/09/2023, 06:31 AM

E Mini Nasdaq

E-Mini NASDAQ edged slightly higher to 4049/50. Getting overbought now so perhaps gains will be more limited this week. However if we continue higher look for 4052/53 then 4064/65.

It looks increasingly like we will hit profit taking sooner rather than later now. Failure to beat 4049/50 should trigger a move lower towards 4025/24 then yesterday's low at 4010. If we continue lower today look for good support at 3998/97 & a low for the day likely. However a break lower risks a slide to 3984/83 for a short term buying opportunity with stops below 3977.

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