Emini S&P 500 held mega important support at 2615/05. Crash avoided!!! First resistance at 2694/96 but above 2700 meets very strong resistance at 2715/20. Try shorts with stops above 2730. A break higher targets 2735/40 & above 2745 look for strong resistance at 2760/63.
Failure to beat 2694/96 targets 2684/83 then support at 2668/65. Below 2660 risks a slide to 2650 & 2638/35 before mega important support at 2615/05. Try longs with stops below 2590. A break lower is a huge longer term sell signal. Crash? Nasdaq holding our shorts at 6830/40 with stops above 6855. A break higher targets 6890/95. Above 6900 look for 6915 & 6923/25 then resistance at 6947/50.
Holding below 6830/40 targets 6805/00 & 67 85/80 before support at 6756/60. If we continue lower look for 6740/35 & 6705/00. Further losses re-target 6675/70 before the low at 6645/40. A break below 6640 targets 6610/05. Below 6595 look for 6580/70, 6540/30 & perhaps as far as 6505/6495.
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