S&P 500, Nasdaq and Dow Buying Opportunities Deliver Strong Gains

1. Emini S&P 500 March longs at the buying opportunity at 5540/30 worked in the jump to 5675. The low & high for the last session were 5550 - 5675.
   (To compare the spread to the contract you trade)
2. Emini Nasdaq March buying opportunity at 19250/150 worked perfectly with a low for the week here. Last session high & low for the last session were: 19387 - 19788.
3. Emini Dow Jones March longs at important support at 41300/41200 worked perfectly & we made a high for the day almost exactly at resistance at 42100/200. Last session high & low for the last session were: 41047 - 42025

Emini S&P March Futures

• Emini S&P longs at support at 5540/30 worked on the bounce to resistance at 5678/88 with a high for the day only 3 points below here.
• Shorts need stops above 5700 on a retest today.
• Targets: 5650, 5635, 5620
• A break above 5700 can target 5730 & resistance at 5770/80. Shorts need stops above 5790.
• Support again at 5540/30 & longs need stops below 5520.
• Targets: 5555, 5570, 5585.
• A break below 5510 is a sell signal targeting 5500, 5680, perhaps as far as 5660.

Nasdaq March Futures

• Emini Nasdaq made a low for the week exactly at the buying opportunity at 19250/150.
• Again longs need to stop below 19000 on a retest today - perhaps this will be the low for the correction.
• A break below 19000 is a sell signal targeting 18850, 18600
• Minor resistance at 19600/620 was tested again yesterday and we held just below strong resistance at 19850/950 with a good chance of a high for the day here today but shorts need stops above 20050

Emini Dow Jones March Futures

• Emini Dow Jones Longs at important support at 41300/41200 worked perfectly hitting targets on the bounce of 41650 & 41800 for up to 600 ticks easy profits.
• I expect strong resistance at 41950/42050 & shorts need stops above 42150.
• Important support again at 41300/41200.
• A break below 40950 is a sell signal targeting 40700/600, perhaps as far as 40