Investment Update: Emini S&P, Nasdaq, and Dow Jones Futures
- Emini S&P December:
- The market retested support at 6050/45 yesterday, with the low and high for the last session ranging from 6011 to 6079.
- Key levels to watch this week:
- Support at 6050/45 is crucial for determining the direction.
- Potential targets for long positions: 6057, 6066, 6070, and possibly as high as 6081/83.
- Be cautious of a break below 6040, which could signal a buying opportunity at 6020/10 with stops below 6000.
- A break above 6112 may lead to targets at 6126/31 and eventually 6170/75.
- Emini Nasdaq December:
- The market hit the target of 21920 before reversing to find support at 21920/820.
- Recent session high and low: 21942-22124.
- What to watch for:
- A break above 21840 could target 21920 (already achieved) and potentially reach 22200/250 this week.
- Look for further gains towards 22290/299.
- Initial support at 21920/820 has been tested, with long positions needing stops below 21750.
- Emini Dow Jones December:
- The market continues lower to 43367, experiencing losses for 9 consecutive days.
- Recent session high and low: 43367-43772.
- Technical outlook:
- Broke the 50-day moving average at 43590/550 and now approaching the 4-month ascending trend line at 43380/340.
- A break below 43290 could trigger a slide towards 43000/42990.
By analyzing the latest movements in Emini S&P, Nasdaq, and Dow Jones futures, investors can gain valuable insights into market trends and potential trading opportunities. Understanding key support and resistance levels, as well as target prices, is essential for making informed investment decisions. Stay tuned for further updates on these futures contracts to navigate the financial markets successfully and maximize profitability.