S&P 500, Nasdaq Futures Hit New All-Time Highs Once Again

Published 12/09/2024, 03:22 AM
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  • Emini S&P December makes a new all time high at 6111.
    The low and high for the last session were 6076 - 6111.

  • Emini Nasdaq December finally beat the all time high at 21340 to hit 21669.
    ​​​​​​​Last session high and low for the last session were: 21424- 21669.

  • Emini Dow Jones December moving in the opposite direction with a small correction to 44660.
    Last session high and low for the last session were: 44660 - 44984.

Emini S&P December Futures

  • Emini S&P finally hits my targets of 6078/80 and 6095/99 before a new all time high at 6111.

  • A low for the day on Friday just 1 point above my support at 6175/70 and this should be support again on Monday.

  • However, a break below 6165 can target a buying opportunity at 6050/45 and longs need stops below 6040.

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

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

S&P 500 Hourly Chart

Nasdaq December Futures

  • Emini Nasdaq Bulls force a break above the all time high at 21340 for a buy signal.
    We immediately hit my targets of 21390/399, 21480/490 and now the next target of 21620.

  • Next targets for this week are 21730, 21840.

  • Support at 21570/520 but longs need stops below 21480.

Nasdaq Futures Hourly Chart

Emini Dow Jones December Futures

  • Emini Dow Jones Support at 44580/520 and longs need stops below 44450.

  • Targets: 44750 and 44850, perhaps as far as 44930.

  • Above 4500 retests the all time high at 45125/176.

  • If we continue higher look for 45610/650.

Dow Futures Hourly Chart

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