S&P 500 Dec 2022 E-Mini Futures Contract

Today
  • 4115/16 bull
  • 4088/89 bull
  • 4016/17 bull
  • 3981.75** bull
  • 3966.0 bull
  • 3904.5 bear
  • 3870.5* bear
  • 3822.0 bear
  • 3750.0*** bear
  • 3738.25 bear

Surge for bull theme

A Thursday surge from the October-November up trend line, from 3750.0, through multiple resistances including key 3924.25/28.0 barriers and the down trend line from August to a multi-week high at 3949.5, rejecting Wednesday's plunge below support, and building on earlier November gains, to set the bias higher for Friday.

Day trade setup

  • We see an upside bias through 3966.0 for 3981.75; a break here maybe aims for 4016/17, even 4088/89.
  • But below 3904.5 targets 3870.5 and opens risk down to 3822.0, possibly 3750.0.