US stock markets recover some losses

Jason Sen DayTradeIdeas.co.uk

Emini S&P December choppy again as we bounce from 5880.
The low & high for the last session were 5880 - 5957.

Emini Nasdaq December made a high for the day exactly at the target of 20820/850.
Last session high & low for the last session were: 20477- 20843.

Emini Dow Jones December held inside Tuesday's range so the same levels apply for today.
Last session high & low for the last session were: 43181 - 43590.

Emini S&P December futures

Emini S&P stalled again at minor resistance at 5945/50 & shorts need stops above 5960.
A break higher targets strong resistance at 5980/90 & shorts need stops above 6000.
The best support I can identify is at 5840/30.
Longs need stops below 5820.

Nasdaq December futures

We held just above strong support at 20420/380 & made a high for the day exactly at the next target of 20820/850.
A break higher today meets resistance at 20960/990. Shorts need stops above 21090.
The best support for this week again at 20420/380 & longs need stops below 20300.

Emini Dow Jones December futures

We made a high for the day exactly at minor resistance at 43540/620 but a break above 43680 can target 43790/800 then resistance at 43950/44000.
Shorts need stops above 44060.
The best support I see is at 42900/800 & longs need stops below 42700.

Author

Jason Sen

DayTradeIdeas.co.uk

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