S&P December contract
Emini S&P held mega important support at 2615/05. Crash avoided!!! First resistance at 2694/96 but above 2700 meets very strong resistance at 2715/20. Try shorts with stops above 2730. A break higher targets 2735/40 & above 2745 look for strong resistance at 2760/63. Failure to beat 2694/96 targets 2684/83 then support at 2668/65. Below 2660 risks a slide to 2650 & 2638/35 before mega important support at 2615/05. Try longs with stops below 2590. A break lower is a huge longer term sell signal. Crash?
Nasdaq holding our shorts at 6830/40 with stops above 6855. A break higher targets 6890/95. Above 6900 look for 6915 & 6923/25 then resistance at 6947/50. Holding below 6830/40 targets 6805/00 & 67 85/80 before support at 6756/60. If we continue lower look for 6740/35 & 6705/00. Further losses re-target 6675/70 before the low at 6645/40. A break below 6640 targets 6610/05. Below 6595 look for 6580/70, 6540/30 & perhaps as far as 6505/6495.
Emini Dow Jones December contract
Emini Dow Jones buyers important support at 24330/24230 offered up to 700 very fast profits on the bounce to resistance at 24950/970. A break above 25000 targets strong resistance at 25150/180; stops above 25250. A break higher targets 25330 & 25380/400. Holding strong resistance at 24950/970 targets 24860/840 & minor support at 24700/670. Below 24600 risks a slide to 24530/500 & 24420/400 before the most important support of the week from 24300 to 24230. A break below 24050 is a serious medium term sell signal.
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