E-mini S&P December is hitting the targets as far as 4696/99 before reversing from 4712 and we are closing in on first support at 4675/70 this morning.
NASDAQ December is seeing a little profit-taking from our 16420/440 target, but the downside should be limited in the bull trend with no sell signal yet, despite overbought conditions.
E-mini Dow Jones December we wrote: hit the next target of 36000/100 and if we continue higher in the bull trend look for 36250/280.
TheTarget was hit with a new all-time high at 36375.
Today's Analysis
Emini S&P meets first support at 4675/70. Longs need stops below 4665 but then expect strong support at 4650/45.
Try longs with stops below 4635. Unlikely but further losses meet an excellent buying opportunity at 4615/05. Longs need stops below 4595.
The only resistance is at 4710/15. You would have to be brave or crazy to sell short in this endless bull market! A break above 4720 targets 4735/40 than 4760.
NASDAQ December straight to the next target of 16420/440 with a new all-time high only eight ticks above!! Eventually, we can reach 16700, perhaps this week. Then we look for 16850.
First support at 16260/240 is likely to be tested this morning, but below meets second support at 16140/120. Unlikely but further losses meet a buying opportunity at 15970/920. Longs need stops below 15890.
E-mini Dow Jones December new all-time high at 36375 but watch resistance at 36410/440. I certainly do not recommend a short, but we could pause here. If we continue higher, look for 36490/500 and 36750/800.
First support at 36100/35950. Best support at 35700/650. Longs need stops below 35550.