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Emini Nasdaq outlook is less positive at this stage

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 08 April 2016 E Mini Nasdaq June contract Emini Nasdaq outlook is less positive at this stage. We have seen a bounce to 4470/75 but there is a risk we will halt here & turn lower again, targeting 4451/50 then strong support at 4437/34. This is the best chance of a low for the day & worth trying longs with stops below 4425. A break lower however is a sell signal & targets the 200 day moving average at 4417/15. Above 4480 opens the door to a recovery targeting trend

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