Emini Dow Jones hits a new all time high

Emini S&P December futures

• Emini S&P made a low for the day exactly at minor support at 5980/70.

• A break below 5960 therefore should be a short term sell signal targeting 5930/25.

• Obviously bulls must clear 6055 to be fully in control again targeting 6078/80 & 6095/99, perhaps as far as 6126/31.

Nasdaq December futures

• Resistance again at 20960/990. Shorts need stops above 21090.

• A break higher targets 21140 & 21190.

• It's difficult to find tradeable levels on the downside as we have been consolidating for 2 months.

• There maybe minor support at 20870/830 but a break below 20750 risks a slide to the best support for this week again at 20420/380 & longs need stops below 20300.

• Just note that the last 6 daily candles have long lower wicks so it's obviously buyers are ready to jump in aggressively on weakness.

Emini Dow Jones December futures

• Longs at support at 44640/560 worked perfectly on the bounce towards my target of 45020/050 & even 45400 is possible this week.

• If we continue higher look for 45610/650.

• Support at 44580/520 & longs need stops below 44450.