US Futures: Where to After Hitting New All-Time High 4-Days in a Row?

Emini S&P December Futures

• shot higher to hit the next targets of 6000/6005 and 6026/29, on the way to 6050/54.
  A new all-time high and a high for the day exactly at this next target.
  Above 6060 look for 6090/6095 then 6135/40.
• I am never going to suggest a counter-trend trade and therefore a short in the Emini S&P is high risk – but we are overbought after huge gains from the Trump win.
• We are hitting trend line resistance at my exact target of 6050/54, where we have a new all-time high at 6053. There is a good chance we turn lower towards 5985/75.
• So if you are happy with the counter-trend risk, try a short at 6050/54, stop above 6060, and target 6020., perhaps as far as 5990
• Support at 5975/65 and longs need stops below 5955.
• First support at 6010/6000 and longs need stops below 5990.
• Second support at 5970/60 and longs need stops below 5950.

Nasdaq December Futures

• The break above 21050 hit my next target of 21250/280 and reached 21340 yesterday.
• Further gains are expected to target 21540/550 and 21700/750.
• Eventually, we could reach 21850/890
• However, JUST BE AWARE THAT WE Are BECOMING OVERBOUGHT and YESTERDAY’S DOJI COULD SUGGEST WE WILL NOT MAKE FURTHER GAINS AT THIS STAGE.
• There is definitely no sell signal but we could consolidate sideways to ease those overbought conditions.
• On the downside, I expect support at 20080/020.
  Longs need stops below 20970.

Emini Dow Jones December Futures

• next targets are 44600/700 (hit with a new all time high here) and 44850/900
• First support at 44300/44200 but below here can target support at 44000/43900.
• Longs need stops below 43800.