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Stock index futures levels for the election

  • Emini S&P December quiet before the election.
    The low & high for the last session were 5725 - 5776.

  • Emini Nasdaq December held the buying opportunity at 20100/20000 & which is key to direction for this week.
    Last session high & low for the last session were: 20013 - 20248.

  • Emini Dow Jones December made a high for the day at the 42500/600 level.
    Last session high & low for the last session were: 41791 - 42277.

Emini S&P December futures

  • Emini S&P held made a low for the day exactly at very strong support at the October low at 5730/5724.

  • Longs need stops below 5715. Targets: 5745, 5755, 5765.

  • A break below 5715 is another sell signal for today targeting 5675/65.

  • Resistance at 5790/5800 but shorts need stops above 5805.

  • Just be aware that a break higher can target resistance at 5830/34 & shorts need stops above 5840.

Chart

Nasdaq December futures

  • We hit the next downside target & support at 20100/20000 with a low for the week her.

  • Targets: 20300/320 then 20390/410.

  • Longs at the support this week need stops below 19900.

  • A break lower is a sell signal targeting 19750 & perhaps as far as 19550/450.

  • Strong resistance at 20470/510 & shorts need stops above 20550.

Chart

Emini Dow Jones December futures

  • Holding resistance at 442500/600 so this is key to direction at the start of this week.

  • Shorts need stops above 42550.

  • Holding below 42250/42300(a high for the day exactly here yesterday) keeps the pressure on for a retest of 41900/41873.

  • A break below here this week targets 41800/700 perhaps as far as 41400/41300.
    We could meet strong support at 41250/200 & longs need stops below 41000.

Chart

Author

Jason Sen

Jason Sen

DayTradeIdeas.co.uk

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