Emini SP 500 Dipped From 2849/50 Goal To First Assist 2835/38


#us500 #snp500

Emini SP 500 – Nasdaq Daily Forecast – May 15, 2019

Emini SP 500 _ Nasdaq

has dipped from the 2849/50 target to first support at 2835/38. Holding here obviously allows a recovery to 2843 and 2849/50. Look for a selling opportunity in the 2860/70 resistance band, with stops above 2880.

Back below 2830 keeps the pressure on for 2823/20 and key support at 2810/05. Longs need stops below 2799. A break lower is an important sell signal targeting 2790/89 & support at 2779/76. On further losses look for 2766/63, perhaps as far as 2758/56.

holding above 7435 re-targets 7470/80 with a selling opportunity at 7505/15. Stop and reverse into a long above 7530 to target 5770/80, perhaps as far as 7610/15.

Holding below 7420 re-targets first support at 7395/90. Below 7370 targets 7320 before the 7290 low. A break lower in the short term bear trend targets 7275 then 7235/25. A break below 7210 targets strong support at 7170/60. Longs need stops below 7130.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


What You Think About This Topic? Leave Your COmment