-
Emini S&P December choppy again as we try to retest the all time high at 6053.
The low & high for the last session were 5976 - 6044. -
Emini Nasdaq December tests resistance at 20960/990 & holds below 21090
Last session high & low for the last session were: 20755- 21024. -
Emini Dow Jones December bounced from support at 44640/560 to a new all time high at 45002.
Last session high & low for the last session were: 44532 - 45002.
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.
The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.
Recommended content
Editors’ Picks

EUR/USD drops below 1.0450 as USD gathers strength
EUR/USD stays on the back foot and trades below 1.0450 on Wednesday. The cautious market stance helps the US Dollar (USD) stay resilient against its rivals and weighs on the pair as markets wait for the Federal Reserve to publish the minutes of the January policy meeting.

Gold climbs to new all-time high near $2,950
Gold retreats slightly from the all-time high it touched at $2,947 but manages to stay above $2,930 on Wednesday. The benchmark 10-year US Treasury bond yield clings to modest gains above 4.55%, limiting XAU/USD's upside.

GBP/USD retreats below 1.2600 despite strong UK inflation data
GBP/USD struggles to hold its ground and trades in the red below 1.2600 on Wednesday. Earlier in the day, the data from the UK showed that the annual CPI inflation climbed to 3% in January from 2.5% in December. Market focus shifts to FOMC Minutes.

Maker Price Forecast: MKR generates highest daily revenue of $10 million
Maker (MKR) price extends its gains by 6%, trading around $1,189 on Wednesday after rallying more than 20% so far this week. Artemis data shows that MKR generated $10 million in revenue on February 10, the new yearly high in daily revenue.

Money market outlook 2025: Trends and dynamics in the Eurozone, US, and UK
We delve into the world of money market funds. Distinct dynamics are at play in the US, eurozone, and UK. In the US, repo rates are more attractive, and bills are expected to appreciate. It's also worth noting that the Fed might cut rates more than anticipated, similar to the UK. In the eurozone, unsecured rates remain elevated.

The Best Brokers of the Year
SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.