Emini SP 500 support at 6,050/45 is key to direction again this week
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Emini S&P December retested support at 6050/45 yesterday. The low & high for the last session were 6011 - 6079. (To compare the spread to the contract you trade)
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Emini Nasdaq December hit my next target of 21920 then reversed yesterday to support at 21920/820. Last session high & low for the last session were: 21942- 22124.
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Emini Dow Jones December continues lower to 43367 with losses 9 days in a row. Last session high & low for the last session were: 43367 - 43772.
Emini S&P December futures
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Emini S&P support at 6050/45 is obviously key to direction again this week.
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Longs here can target 6057, 6066, 6070, perhaps as far as 6081/83.
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Just be aware that a break below 6040 can target a buying opportunity at 6020/10 & longs need stops below 6000.
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On a break above 6112 we can target 6126/31 & eventually 6170/75 is possible.
Nasdaq December futures
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The break above 21840 targets 21920 (hit), perhaps as far as 22200/250 this week.
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On further gains look for 22290/299.
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First support at 21920/820 has been hit & longs need stops below 21750.
Emini Dow Jones December futures
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We broke the 50 day moving average at 43590/550 & now meet the 4 month ascending trend line at 43380/340. A break below 43290 risks a slide to 43000/42990.
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