Emini S&P December futures test resistance at 4435/45, shorts need stops above 4460

Jason Sen DayTradeIdeas.co.uk

Emini S&P December futures beat minor resistance at 4390/4400 but we meet strong resistance at 4435/45. Shorts need stops above 4460.

A break higher is a buy signal targeting 4480/85 then 4510/15.

Shorts at 4435/45 target 4400/4390 then 4375/4365. If we continue lower look for 4340/35. A break below here targets 4300/4290, perhaps as far as 4270/65.

Nasdaq December futures meets important trend line resistance again at 15300/350. This has held for the last 3 days but no sell off yet.

Shorts need stops above 15390. A break higher retests last week's high at 15460/470. A break above here can target 15520 then 15580/620.

Shorts at 15300/350 target 15150/15100, perhaps as far as 15050/15000.

Emini Dow Jones December tests strong resistance again at 33900/34100. Shorts needed stops above 34250. Unfortunately we ran as far as 34305 then reversed.

I do not know what to make of this today.

If we continue higher look for 34400/450 & even 34600/650 is possible.

However holding below 33900 targets 33700/650. A break below 33600 then targets 33350/300.

Author

Jason Sen

DayTradeIdeas.co.uk

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