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Nasdaq Futures Bounce Hard From Support With Upside Still Open

ByJason Sen
Published 01/23/2026, 03:16 AM
ESH26
-0.76%
YMH26
-0.41%
NQH26
-0.88%

Emini S&P Futures

  • Emini S&P March futures hit the downside target of 6850/6840 and held above 6815, keeping us long for the expected recovery to 6865/6870 and minor resistance at 6890/6900 on Wednesday.
  • The break above 6910 then triggered further gains as expected to my targets of 6918/20 and 6930/40.
  • As predicted, we made a high for the day at 6945 and shorts worked on the to 6911 yesterday morning.
  • We wrote yesterday: I do think that we have resumed the bull trend and eventually, a break above 6950 will be seen. We can then fill the gap at 6960 and above, here is a buy signal targeting 6975.
  • We should be on the way top 6975 and above here look for 7000/7005 today.
  • Support at 6915/05 and longs need stops below 6895.

S&P 500 Futures Chart

Nasdaq Futures

  • Emini Nasdaq March futures made a low for the downside correction exactly at strong support at 25050/25000 as predicted this week.
  • Longs worked perfectly as we shot higher by 600 points to my target of 25740/750 (although we missed it by just a single point yesterday!).
  • Further gains are expected towards 25850/860 then resistance at 25950/26050.
  • A break above here opens the door to a retest of the all-time high at 26399.
  • First support at 25480/25420 & longs need stops below 25350.

Nasdaq Futures Chart

Emini Dow Jones Futures

  • Emini Dow Jones March made a low for the correction almost exactly important support at 48550/48500.
  • The long position worked perfectly as we shot higher from 48488 and straight to my targets of 49000/49100, 49328/49424 & we are on the way to my ultimate targets of the all time high at 49901.
  • Of course, a break higher & weekly close above here is a buy signal for the start of next week.
  • Support at 49550/49350 & longs need stops below 49250.

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