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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. Source: https://www.fxstreet.com/news/stock-markets-test-resistance-levels-202411250817

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Filed under: News - @ November 25, 2024 8:25 am