1. Emini S&P December longs at support at 6050/45 worked perfectly as we shot higher to 6102 The low & high for the last session were 6040 - 6102. (To compare the spread to the contract you trade)

  2. Emini Nasdaq December longs at strong support at 21390/330 worked perfectly with a high for the day here before we shot higher to 21820. Last session high & low for the last session were: 213405- 21820.

  3. Emini Dow Jones December continues lower to 44123 with losses 5 days in a row. Last session high & low for the last session were: 44181 - 44442.

Emini S&P December futures

  • Emini S&P longs at the buying opportunity at 6050/45 worked perfectly with a low for the day at 6040 before we shot higher to all targets of 6057, 6066, 6070, 6081/83.

  • A buying opportunity again at 6050/45 today & longs need stops below 6040.

  • Targets again: 6057, 6066, 6070, perhaps as far as  6081/83

  • Just be aware that a break below 6040 can target a buying opportunity at 6020/10 & longs need stops below 6000.

  • On a break above 6112 we can target 6126/31 & eventually 6170/75 is possible.

Chart

Nasdaq December futures

  • A low for the day exactly at strong support at 21390/330 & longs worked perfectly as we beat all time high at 21706 hitting targets of 21730, 21750, almost as far as 21840.

  • Failure to hold above 21690 today risks a slide to 21600/550. If we continue lower look for a retest of strong support at 21390/330 Longs need stops below 21250.

  • A break lower targets 21200, perhaps as far as 21070/21000.

  • A break above 21840 targets 21920, perhaps as far as 22200/250.

Chart

Emini Dow Jones December futures

  • We broke support at 44580/520 to target 44150, perhaps as far as support at 43930/850 (we are certainly on the way)  & longs here need stops below 43750.

  • Resistance at 44350/450 could see a high for the day but shorts need stops above 44550.

Chart

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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.

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