E-mini S&P 500 September collapsed from the only resistance of any importance at 4405/10 to the best support at 4375/70. Longs worked perfectly on the bounce to 4400.
NASDAQ September longs at strong support at 14840/800 worked perfectly. We bottomed exactly here with a 140 tick profit offered so far.
E-mini Dow Jones September held just 12 ticks above strong support at 34750/710.
Today’s Analysis
E-mini S&P best support is again at 4375/70. Longs need stops below 4365 for a buying opportunity at 4345/35. Longs need stops below 4330. A break lower targets 4305/00. The only resistance of any importance is at 4405/10. A break above 4415 is a buy signal targeting 4455/60.
NASDAQ bounces back to very minor resistance at 14965/995. Further gains retest 15100/120 and the new all time high at 15134. A break higher targets strong resistance at 15320/350. A break above 15400 targets 15700/750. Strong support at 14840/800. Longs need stops below 14750. A break lower targets a buying opportunity at 14640/610. Longs need stops below 14550.
E-mini Dow Jones September holding above 35000/34975 targets 35160/190, perhaps as far as resistance at 34400/450. Strong support at 34750/710 and strong support again at 34540/500. Longs need stops below 34450.
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