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.

Jason Sen DayTradeIdeas.co.uk

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.

Author

Jason Sen

DayTradeIdeas.co.uk

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