MINI S&P 500 technical summary:
- Closing price: (2788.25)
- Target price: None at the moment
- Resistance: 2795.00, 2817.50, 2855.00+
- Support: 2764.50, 2749.75, 2743.25*
- Trend: Up / daily
- Trend reversal price: 2710.25
- Comment: Friday's breakout attack over the 2795.00 swing high signals a likely extension to 2817.50. Be careful for resistance around the downturn level at 2817.50+/-. A close over 282300 will send direct rallies to 2855.00+. Corrective dips that congest sideways inside Friday's range will build a staging level for rallies. A close under 2743.25* hints for corrections.
MINI Dow Jones technical summary:
- Closing price: (25234)
- Target price: 25700
- Resistance: 25495, 25700+/-, 25832
- Support: 25117, 24999*
- Trend: Sdwys/Up
- Trend reversal price: 24730
- Comment: The market posture suggests moves to test for a breakout attack over the 25832 swing high and likely extension to 26060. Be careful for resistance around the downturn level at 26060+/-. A close over 26060 is bullish. Monday's corrective dip may prompt sideways consolidation inside Friday's range, but narrow action will build a staging level for rallies. A close under 24999* hints for corrections.
MINI Nasdaq 100 technical summary:
- Closing price: (7161.75)
- Target price: 7255.00
- Resistance: 7255.00, 7400.00+
- Support: 7039.00, 6996.50, 6976.50*
- Trend: Up / daily
- Trend reversal price: 6869.00 / daily close
- Comment: The market is short term bullish, still within a breakout push at new highs. Trade is poised for pressing bull moves to 7255.00 and hints for a drive to 7400.00+. Any corrections should try to hold within Friday's range to maintain the breakout signal, although, only a close under 6976.50* alerts for a reversing turn into corrections.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.