Emini S&P December experienced a low just 3 points below a buying opportunity, shooting higher to hit targets of 5755 and 5765. The last session saw a range of 5733 to 5822. Nasdaq December broke lower but found strong support at 19900/800 with a last session range of 19818 to 20331. Emini Dow Jones December traded sideways with a last session range of 42251 to 42656.
Emini S&P longs at support at 5745/35 performed well, shooting higher to targets of 5755, 5765, and potentially 5783. Support remains at 5745/35 with stops below 5730. A break lower could target 5695/90 or even support at 5680/70, with stops below 5660. Nasdaq September futures broke support at 20250/150 to find strong support at 19900/800, with a high of 20081. Potential upside targets include 20150/200 and 20250/290, with support at 19900/800 and stops below 19700. A break lower could lead to a slide to 19550, with strong support at 19400/300.
Emini Dow Jones September futures saw gains limited in overbought conditions, with no sell signal present. Support at 42350/250 proved to be a buying opportunity, hitting targets of 42500 and 42650. A break lower could target 42000/41900, with stops below 41800. The last session saw a range of 42251 to 42656. Overall, the markets are showing signs of potential upside but remain cautious of potential downside risks.
In summary, Emini S&P, Nasdaq, and Dow Jones futures have all experienced recent fluctuations in price but have shown resilience at key support levels. Traders should watch for potential upside movements towards targets such as 5783, 20250/290, and 42650, while also being aware of downside risks towards levels like 5695/90, 19550, and 42000/41900. Stops should be placed strategically to manage risk, and overall market conditions should be monitored closely for further insights into potential price movements. Stay informed and adapt your trading strategies accordingly to navigate the current market environment effectively.
