Emini Dow/Nasdaq March Contract. Recap & Daily Forecast with Chart from Jason Sen – Day Trade Ideas

 

Nasdaq failed at key resistance at the 200 day moving average at 7055/60 & bottomed exactly at the first target of 7010/05. A low for the day very possible at 6960/50 but longs need stops below 6935. Further losses risk a test of the 100 day moving average at 6870/65.

Financial Markets and Political Commentary
 

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JASON SEN Began to study technical analysis in 2006 and established Daytradeideas, the leading provider of daily technical analysis to independent & professional traders within the investment bank community for Stock Index, Energy & Fixed Income products, advising dozens of traders at up to 15 major investment banks and hedge funds on market movement, throughout each trading day on The Bloomberg Professional® service with trade ideas – entry, exit and target levels in daily reports published before the Futures markets open in Europe.