Mini Russell 2000 December contract Daily Forecast – 30 October 2014

Mini Russell halted just 1 tick from the 1155/56 target. The dip below 1141/43 hit the first target of 1137/36 & halted half way to 1132/31. Immediate support at 1139 today & if we hold here look for a move towards 1148/49 then a retest of yesterday’s high at 1153/54. If we continue higher today we have a roll over gap to fill at 1164. If this does not hold the topside, we could target the 1171/75 area this week.

Below 1139 risks a retest of yesterday’s low at 1135/34 then 1131/30. May be worth exiting any shorts & trying longs down to good support at 1126. A good chance of a low for the day but longs need stops below 1122. Be ready to go with a break lower then to target excellent short term support at 1115/12.

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