Stocks soar from strong support levels
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Emini S&P December soars to 5894 as Trump leads.
The low & high for the last session were 5735 - 5823. -
Emini Nasdaq December made a low for the day week exactly at the buying opportunity at 20100/20000.
Last session high & low for the last session were: 20041 - 20385. -
Emini Dow Jones December recovers as far as 43019.
Last session high & low for the last session were: 41917 - 42460.
Emini S&P December futures
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Emini S&P made a low for the week exactly at very strong support at the October low at 5730/5724.
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Longs worked perfectly as we shot higher to resistance at 5790/5800 but we continue higher to beat resistance at 5830/34 & reach5894 as I write.
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A break above 5900 can retest the all time high at 5927.
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A break higher is a buy signal targeting 5970/75 & 6000/6005.
On further gains look for 6026/29 & 6050/54. -
Support at 5855/50 but below 5845 look for 5830/25.
Nasdaq December futures
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We hit the next downside target & support at 20100/20000 with a low for the week here.
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Targets of 20300/320 then 20390/410 & strong resistance at 20470/510 were hit for up to 300 ticks profit but shorts here stopped above 20550.
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We reached 20640 & if we continue higher look for 20700/710 then a retest of the October high at 20760/788
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Above 2800 can retest the all time high at 20940/983.
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First support at 20500/460 but we could find better support at 20400/20350 & longs need stops below 20250.
Emini Dow Jones December futures
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We held resistance at 42500/600 yesterday but over night we shot higher to 43019.
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First support at 42750/710 but longs need stops below 42650.
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A break lower can target 42450/400 & longs need stops below 42350.
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If we continue higher through 43050 look for 43260/290 then 43400/430.
Author
Jason Sen
DayTradeIdeas.co.uk
