Stock markets test resistance levels
|-
Emini S&P December choppy again as we bounce from 5940.
The low & high for the last session were 5940 - 5993. -
Emini Nasdaq December held inside Thursday's candle so same levels apply for today.
Last session high & low for the last session were: 20693- 20880. -
Emini Dow Jones December shot higher to resistance at 44450/490.
Last session high & low for the last session were: 43818 - 44452.
Emini S&P December futures
-
Emini S&P still holding strong resistance at 5980/90 & shorts need stops above 6000 this week.
-
A break higher is a buy signal targeting 6006/6009 & we should struggle here but a break higher can target 6025.
-
Minor support at 5960/55 did not work on Friday,
-
I think we should have support at 5950/45 & longs need stops below 5940.
Nasdaq December futures
-
Resistance at 20960/990. Shorts need stops above 21090.
-
A break higher targets 21140 & 21190.
-
The best support for this week again at 20420/380 & longs need stops below 20300.
-
Just note that the last 4 daily candles have long lower wicks so it's obviously buyers are ready to jump in aggressively on weakness.
Emini Dow Jones December futures
-
A low for the day only 18 ticks above support at 43800/700 before we shot higher to my target of 44300/310 & 4 month trend line resistance at 44450/490,
-
A high for the day exactly here,
-
A break higher retests the all time high at 44625.
-
Support again at 43800/700 but longs need stops below 43600.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.