Top News

Emini S&P, Nasdaq Forecast For Feb 13, 2020

Emini S&P we wrote: making a break above 3357/58 in the never-ending bull trend to target 3364/66, perhaps as far as 3478/80 this week.

We missed this target by less than 4 points. Profit taking hit support at 3357/55.

Nasdaq we wrote: through 9460/65 & strong resistance at 9510/15 yesterday to hit the next target of 9560/70. As I write we topped exactly here but bulls remain in control of course as we look for 9615/20.

We missed this target by only 5 points.

Emini S&P first support at 3357/55 then a buying opportunity at 3348/46, with stops below 3342. More minor support at 3338/36 but below 3332 risks a slide to 3320/18.

Bulls are looking for the next target of 3478/80. A break higher targets resistance at 3389/91.

Above here look for 3399/3400 & resistance at 3410/12.

Nasdaq just held 9515/10 on the dip in to the close. A bounce targets 9560/70 then above 9580 we can retest the new all time high at 9606/09. A break higher targets 9615/20 & above 9630 look for strong resistance at 9650/60 then resistance at 9695/9705.

Below 9500 risks a slide to a buying opportunity at 9465/55, with stops below 9440. A break lower targets 9390/80 with support at 9365/55. Longs need stops below 9320.


Weekly outlook is positive

Daily outlook is positive

Short Term outlook is positive

Emini S&P, Nasdaq Forecast For Feb 13, 2020

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.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!