Emini SP 500, Nasdaq, Emini Dow Jones

Emini S&P December first resistance at 4465/75. Shorts need stops above 4485.

Nasdaq December shorts at strongest resistance at 15300/350 worked as we test the first target of 15180/140 for a 250 tick profit.

Emini Dow Jones December beat minor resistance at 34700/750 but held 25 tick below the next target of 34960/35000.

Daily analysis

Emini S&P first resistance at 4465/75. Shorts need stops above 4485. A break higher targets 4515/20 & 4530.

First support at 4430/20. Longs need stops below 4410. A break lower targets minor support at 4385/80. Longs need stops below 4370. A break lower is a sell signal targeting 4355/50 before a buying opportunity at 4340/30. Longs need stops below 4320.

Nasdaq December shorts at 15300/350 target 15180/140 (hit), perhaps as far as 15030/000 today for profit taking on any remaining shorts. Best support at 14880/840. Longs need stops below 14770. A break lower is a sell signal targeting 14600 & strong support at 14550/500. Failure here how risks a slide to 14390/360.

Strongest resistance again at 15300/350 on Friday as expected. Shorts need stops above 15400. A break higher targets 15500/520 & 15610/620.

Emini Dow Jones December first support at 34610/590 with best support at 34400/350 today. Longs need stops below 34300. A break lower targets 34200 then 34050/34000.

Minor resistance at 34700/750 but above here targets 34960/35000.

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The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.

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