E-Mini Nasdaq continues to hold 9795 & managing a recovery to resistance at 3850/55. We topped exactly here & should struggle here again today but
E Mini Nasdaq December contract Daily Forecast - 15 October 2014E-Mini Nasdaq continues to hold 9795 & managing a recovery to resistance at 3850/55. We topped exactly here & should struggle here again today but if prices continue higher look for a selling opportunity at 3870/75, with stops above 3890. However be ready to go with a break higher using 3875/72 as support for a move towards resistance at 3918/20 & a selling opportunity with stops above 3933.
Watch 3830/25 as if we cannot get back above here we should retest the 2 day low at 3795/93. Outlook remains negative & if we break lower today look for 3782/80 then good support at 3768/65 today.* A low for the recent bear trend could be seen here!!* Exit shorts here & try longs but this is a major level so we need wide stops below 3751.
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