Stock markets test resistance levels

• Emini S&P December choppy again as we bounce from 5940.
  The low & high for the last session were 5940 – 5993.

• Emini Nasdaq December held inside Thursday’s candle so same levels apply for today.
  Last session high & low for the last session were: 20693- 20880.

• Emini Dow Jones December shot higher to resistance at 44450/490.
  ​​​​​​​Last session high & low for the last session were: 43818 – 44452.

Emini S&P December futures

• Emini S&P still holding strong resistance at 5980/90 & shorts need stops above 6000 this week.

• A break higher is a buy signal targeting 6006/6009 & we should struggle here but a break higher can target 6025.

• Minor support at 5960/55 did not work on Friday,

• I think we should have support at 5950/45 & longs need stops below 5940.

Nasdaq December futures

• Resistance at 20960/990. Shorts need stops above 21090.

• A break higher targets 21140 & 21190.

• The best support for this week again at 20420/380 & longs need stops below 20300.

• Just note that the last 4 daily candles have long lower wicks so it’s obviously buyers are ready to jump in aggressively on weakness.

Emini Dow Jones December futures

• A low for the day only 18 ticks above support at 43800/700 before we shot higher to my target of 44300/310 & 4 month trend line resistance at 44450/490,

• A high for the day exactly here,

• A break higher retests the all time high at 44625.

• Support again at 43800/700 but longs need stops below 43600.