S&P 500 Dec 2022 E-Mini Futures Contract
Today
-
4115/16
-
4088/89
-
4016/17
-
3981.75**
-
3966.0
-
3904.5
-
3870.5*
-
3822.0
-
3750.0***
-
3738.25
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.