E-Mini S&P 500 September Longs at the Best Support for the Week
2023.08.23 06:44
September longs at the best support for the week at 4370/60 worked perfectly on the bounce towards my target & resistance at 4450/60, although we made a high for the day 10 points below here yesterday.
Emini S&P Chart
Today I would try a short at 4435/45 today with stop above 4455.
Targets: 4415, 4490.
Outlook is quite negative so a retest of 4370/60 before the end of the week would not be a surprise.
Longs need stops below 4340.
Obviously, a break below 4340 is an important sell signal.
Nasdaq September beat minor resistance at 14810/830 to hit t14950/15000, bit not quite as far as resistance at 15150/200 yet. Shorts need stops above 15250 if tested today.
Targets: 14950, 14850.
Nasdaq Chart
Strong support at 14750/700. Longs need stops below 14600. A break lower is a sell signal initially targeting 14400/370.
Emini Dow Jones September made a high for the day exactly at resistance at 34650/700 again yesterday. We collapsed to retest support at 34300/200. Longs need stops below 34000.
A break above 34700 today can target resistance at 34880/34930.
