Emini Nasdaq hits a new all time high
by Jason Sen · FXStreet- Emini S&P December tested support at 6050/45 with a bounce from here to 6090 yesterday. The low & high for the last session were 6051 - 6090. (To compare the spread to the contract you trade)
- Emini Nasdaq December made a low for the week at strong support at 21390/330 & yesterday we hit my next target of 21920 & are closing in on 22200/250. Last session high & low for the last session were: 21762- 22152.
- Emini Dow Jones December continues lower to 43811 with losses 8 days in a row. Last session high & low for the last session were: 43721 - 43993.
Emini S&P December futures
- Emini S&P support at 6050/45 is obviously key to direction again this week.
- Longs here can target 6057, 6066, 6070, perhaps as far as 6081/83. (all targets were hit yesterday)
- 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
- The break above 21840 targets 21920 (hit), perhaps as far as 22200/250 this week.
- On further gains look for 22290/299.
- First support at 21920/820 & longs need stops below 21750.
Emini Dow Jones December futures
- We broke support at 44580/520 to target support at 43930/850 as predicted & longs here were stopped below 43750.
- A break lower tests the 50 day moving average at 43590/550.
- If we continue lower we meet the 4 month ascending trend line at 43300/250.
- Resistance at 44000/100 could see a high for the day but shorts need stops above 44200.
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