E-mini S&P December retested first support at 4665/55 which has held each time it has been tested over the past 4 days.
NASDAQ December dipped to strong support at 16120/09 and was holding. Longs needed stops below 16060. A break lower was a sell signal.
E-mini Dow Jones December reached targets 36000 and 36100, but then collapsed to first support at 35800/700. This level was revised to 35700/600 this morning.
Tuesday's Analysis
E-mini S&P longs were at first support at 4665/55 target 4690, perhaps as far as 4710/15, hit Tuesday morning. We continued higher looking for 4725/29 before a retest of the all time high at 4740. Obviously, a break above here was likely to start the next leg higher in the bull trend. First support again at 4665/55. Longs needed stops below 4645. Further losses meet strong support at 4630/20. Longs needed stops below 4610.
NASDAQ December held strong support at 16120/090, but longs needed stops below 16060. A break lower was a sell signal targeting 16000 and strong support at 15900/850. Longs needed stops below 15800. Longs at 16120/090 targeted 16200/230. If we'll continue higher, look for 16300, 16350, and perhaps as far as resistance again at the 2 week highs of 16430/455. Shorts needed stops above 16480. A break higher targeted 16500/510, then 16600/620 before a retest of the all time high at 16767.
E-mini Dow Jones December first support was at 35700/600. Longs needed stops below 35500. Next target and minor support was at 35300/200. Longs needed stops below 35100. Longs were at first support at 35700/600 targeted 35900/36000, then 36100/120. If we'll continue higher, look for 36250 before a retest of the all time high at 36466.