S&P 500 Future: Support Zone Near 6,050 Likely to be Retested Today

• Emini S&P December support at 6050/45 likely to be retested as we revers Wednesday's gains.
  The low and high for the last session were 6055 - 6088.
  (To compare the spread to the contract you trade)
• Emini Nasdaq December longs at strong support at 21390/330 worked perfectly with a low for the day here before we shot higher to 21820.
  Last session high and low for the last session were: 21605- 21772.
• Emini Dow Jones December continues lower to 43920 with losses 6 days in a row.
  Last session high and low for the last session were: 43941 - 44272.

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.

Nasdaq December Futures

• Emini Nasdaq low for the day exactly at strong support at 21390/330 on Wednesday & longs worked perfectly as we beat all time high at 21706 hitting targets of 21730, 21750, almost as far as 21840.
• Yesterday's failure to hold above 21690 saw a slide to 21600/550 as expected with a low for the day almost exactly here.
• If we continue lower today 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.

Emini Dow Jones December Futures

• Emini Dow broke support at 44580/520 to target support at 43930/850 as predicted & longs here need stops below 43750.
• Resistance at 44250/300 could see a high for the day but shorts need stops above 44400.