Emini SP 500 support at 6,050/45 is key to direction again this week

1. Emini S&P December retested support at 6050/45 yesterday. The low & high for the last session were 6011 - 6079. (To compare the spread to the contract you trade)

2. Emini Nasdaq December hit my next target of 21920 then reversed yesterday to support at 21920/820. Last session high & low for the last session were: 21942- 22124.

3. Emini Dow Jones December continues lower to 43367 with losses 9 days in a row. Last session high & low for the last session were: 43367 - 43772.

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.

• 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 has been hit & longs need stops below 21750.

Emini Dow Jones December futures

• We broke the 50 day moving average at 43590/550 & now meet the 4 month ascending trend line at 43380/340. A break below 43290 risks a slide to 43000/42990.