Emini S&P December futures shorts at strong resistance at 4090/4110 are working exactly as predicted. AT LAST!!!
Nasdaq December shorts are working with the break below 11750/700 yesterday as predicted.
Emini Dow Jones futures break support at 33850/800 for a sell signal.
Daily analysis
Emini S&P December collapsed from strong resistance at 4090/4110 hitting my target of 3970/50 & strong support at 3930/10. Guess where the low of the day was!? That is the exact high & low for the move so far as predicted days before it happened! The bounce from 3930/10 meets strong resistance at 3960/70. A high for the day is likely. Shorts need stops above 3690.
Support at 3930/10 is not expected to hold for ever. A break lower on a second or third test is obviously a sell signal targeting 380/70 then 3820/10.
Nasdaq December breaks 11750/700 as predicted to hit my next target of 11550/500, with a low for the day exactly here. However further losses are expected to 11250. Below 11200 look for 11000/10950.
Outlook remains negative of course so gains are likely to be limited with first resistance at 11630/690. Shorts need stops above 11770.
Emini Dow Jones breaks support at 33850/800 for a sell signal targeting 33600 & support at 33300/200. A low for the day is possible but longs are more risky in the bear trend. A break below 33000 is a sell signal targeting 32750/700.
Gains are likely to be limited with resistance at 33800/900. Shorts need stops above 34000.
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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