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Nasdaq Downside Expected To Be Limited In Bull Trend

Published 04/24/2019, 01:40 AM
Updated 07/09/2023, 06:31 AM

Emini Dow Jones - Nasdaq Daily Forecast - April 24, 2019

Emini Dow Jones _ Nasdaq

Emini Dow Jones beat first resistance at 26530/550 to target 26620/630 and almost as far as 26700/705. A break higher targets 26740/750 then 26790/799.

Failure to beat minor resistance at 26700/705 targets 26630/620, perhaps as far as 26530/550. The downside is likely to be limited in the bear trend but below here look for good support at 26470/460.

Nasdaq through 7772/75 to hit 7843. The outlook remains positive despite overbought conditions as we look for 7870/75 and 7895/99. Above look for 7923/26 and 7936/39.

The downside is expected to be limited in the bull trend but below 7830 risks a slide to 7800/95. Further losses meet support at 7770/60.

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