E-mini S&P December beat the all important all time high at 4545/50 for a buy signal triggering further slow gains this week.
NASDAQ December bounced from just 3 ticks above first support at 15300/280 and made a high for the day exactly at the next target of 15470/490 at the end of the week. This level was beaten yesterday as we target the very important all time high at 15650/700.
E-mini Dow Jones December making a clear break above the all time high at 35540/550 for a buy signal.
Today’s Analysis
E-mini S&P beats the all important all time high at 4545/50 to kill the double top sell signal and trigger a buy signal. We are looking for 4580/85 today. Above 4590 targets 4625/35 but a high for the week is likely here. First support at 4550/40. Longs need stops below 4530.
NASDAQ December now targets the very important all time high at 15650/700. Rejection here forms a potential double top sell signal. First support at 15490/460. Longs need stops below 15400.
E-mini Dow Jones December breaking higher for a buy signal targeting 35800/850 and 36000/100, eventually as far as 36250/280. First support at 35550/500. Longs need stops below 35450.
Disclaimer: No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realized. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.