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Stock Index Futures: Key Levels to Watch for the Election

By Jason SenStock MarketsNov 05, 2024 12:52AM ET

www.investing.com/analysis/stock-index-futures-key-levels-to-watch-for-the-election-200653766

By Jason Sen | Nov 05, 2024 12:52AM ET

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Emini S&P December quiet before the election.
The low and high for the last session were 5725 - 5776.
Emini Nasdaq December held the buying opportunity at 20100/20000 and which is key to direction for this week.
Last session high and low for the last session were: 20013 - 20248.
Emini Dow Jones December made a high for the day at the 42500/600 level.
Last session high and low for the last session were: 41791 - 42277.

Emini S&P December Futures

Emini S&P held made a low for the day exactly at very strong support at the October low at 5730/5724.
Longs need stops below 5715. Targets: 5745, 5755, 5765.
A break below 5715 is another sell signal for today targeting 5675/65.
Resistance at 5790/5800 but shorts need stops above 5805.
Just be aware that a break higher can target resistance at 5830/34 and shorts need stops above 5840.

S&P Futures Daily Chart

Nasdaq December Futures

Emini Nasdaq hit the next downside target and support at 20100/20000 with a low for the week here.
Targets: 20300/320 then 20390/410.
Longs at the support this week need stops below 19900.
A break lower is a sell signal targeting 19750 and perhaps as far as 19550/450.
Strong resistance at 20470/510 and shorts need stops above 20550.

Nasdaq Futures-Daily Chart

Emini Dow Jones December Futures

Emini Dow Jones Holding resistance at 442500/600 so this is key to the direction at the start of this week.
Shorts need stops above 42550.
Holding below 42250/42300 (a high for the day exactly here yesterday) keeps the pressure on for a retest of 41900/41873.
A break below here this week targets 41800/700 perhaps as far as 41400/41300.
We could meet strong support at 41250/200 and longs need stops below 41000.

Dow Futures-Daily Chart

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US 30	44,384.7	-17.2	-0.04%
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Stock Index Futures: Key Levels to Watch for the Election

Emini S&P December Futures

Nasdaq December Futures

Emini Dow Jones December Futures

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