Stock consolidate after inflation data

1. Emini S&P December support at 6050/45 likely to be retested as we revers Wednesday's gains. The low & high for the last session were 6055 - 6088. (To compare the spread to the contract you trade)

2. Emini Nasdaq December longs at strong support at 21390/330 worked perfectly with a low for the day here before we shot higher to 21820. Last session high & low for the last session were: 21605- 21772.

3. Emini Dow Jones December continues lower to 43920 with losses 6 days in a row. Last session high & low for the last session were: 43941 - 44272.

Emini S&P December futures

• Emini S&P longs at the buying opportunity at 6050/45 worked perfectly with a low for the day at 6040 before we shot higher to all targets of 6057, 6066, 6070, 6081/83.

• A buying opportunity again at 6050/45 today & longs need stops below 6040.

• Targets again: 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

• A low for the day exactly at strong support at 21390/330 on Wednesday & longs worked perfectly as we beat all time high at 21706 hitting targets of 21730, 21750, almost as far as 21840.

• Yesterday's failure to hold above 21690 saw a slide to 21600/550 as expected with a low for the day almost exactly here.

• If we continue lower today look for a retest of strong support at 21390/330. Longs need stops below 21250.

• A break lower targets 21200, perhaps as far as 21070/21000.

• A break above 21840 targets 21920, perhaps as far as 22200/250.

Emini Dow Jones December futures

• We broke support at 44580/520 to target support at 43930/850 as predicted  & longs here need stops below 43750.

• Resistance at 44250/300 could see a high for the day but shorts need stops above 44400.