Stock markets bounce from the buying opportunities

1. Emini S&P December longs at support at 6050/45 worked perfectly as we shot higher to 6102 The low & high for the last session were 6040 - 6102. (To compare the spread to the contract you trade)

2. Emini Nasdaq December longs at strong support at 21390/330 worked perfectly with a high for the day here before we shot higher to 21820. Last session high & low for the last session were: 213405- 21820.

3. Emini Dow Jones December continues lower to 44123 with losses 5 days in a row. Last session high & low for the last session were: 44181 - 44442.

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 & longs worked perfectly as we beat all time high at 21706 hitting targets of 21730, 21750, almost as far as 21840.

• Failure to hold above 21690 today risks a slide to 21600/550. If we continue lower 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 44150, perhaps as far as support at 43930/850 (we are certainly on the way)  & longs here need stops below 43750.

• Resistance at 44350/450 could see a high for the day but shorts need stops above 44550.