- Emini S&P December longs at support at 6050/45 worked perfectly as we shot higher to 6102
The low and high for the last session were 6040 - 6102.
(To compare the spread to the contract you trade) - Emini Nasdaq December longs at strong support at 21390/330 worked perfectly with a high for the day here before we shot higher to 21820.
Last session high and low for the last session were: 213405- 21820. - Emini Dow Jones December continues lower to 44123 with losses 5 days in a row.
Last session high and low for the last session were: 44181 - 44442.
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 and 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 and longs need stops below 6000.
- On a break above 6112 we can target 6126/31 and eventually 6170/75 is possible.
Nasdaq December Futures
- Emini Nasdaq low for the day exactly at strong support at 21390/330 and longs worked perfectly as we beat all time high at 21706 hitting targets of 21730, 21750, almost as far as 21840.
- Failure to hold above 21690 today risks a slide to 21600/550.
If we continue lower 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 Jones broke support at 44580/520 to target 44150, perhaps as far as support at 43930/850 (we are certainly on the way) and longs here need stops below 43750.
- Resistance at 44350/450 could see a high for the day but shorts need stops above 44550.
