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US Stock Markets Rebound: Investment Opportunities Emerge On Recovery

Published 11/21/2024, 05:28 AM
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  • E-mini S&P December choppy again as we bounce from 5880. The low and high for the last session were 5880 - 5957.
  • E-mini Nasdaq December made a high for the day exactly at the target of 20820/850. Last session high and low for the last session were: 20477- 20843.
  • E-mini Dow Jones December held inside Tuesday's range so the same levels apply for Thursday. Last session high and low for the last session were: 43181 - 43590.

E-mini S&P December Futures

  • Emini S&P stalled again at minor resistance at 5945/50 and shorts need stops above 5960.

  • A break higher targets strong resistance at 5980/90 and shorts need stops above 6000.

  • The best support I can identify is at 5840/30.

  • Longs need stops below 5820.

S&P 500 Emini Hourly Chart

Nasdaq December Futures

  • Emini Nasdaq held just above strong support at 20420/380 and 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 and longs need stops below 20300.

Nasdaq Futures Hourly Chart

E-mini Dow Jones December Futures

  • Emini Dow Jones 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 and longs need stops below 42700.

Dow Futures Hourly Chart


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