DOW E-mini Report 10th Dec 2007

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Please Read Weekly Report before proceeding



Expectation US markets are rising towards the upper levels, with Weekly upper channels as the first reference.

Higher Weekly open and expectation that price will stall and rotate down before heading higher.

December 50% levels support.


Daily drops favor rotation down, with the 5-day 50% level as support, which matches the December 50% levels.

Daily resistance upper channels.

If Monday rotates down, then support needs to be verified, and then rise upwards the following day.