DOW E-mini Report 5th Dec part 2
Weekly support confirmed after 2-day reversal and Wednesday was a BUY day.
Above the 5-day 50% level and expectation the market would move back towards it's Highs once again.
December 50% level is major resistance, but Wednesday needs to close and then watch how Thursday trades before trying to 'short' sell the market again.
Keep in mind that December contracts are running at a premium to the SPOT, the closer it gets to expiry the more it wants to move higher.
Full report later.
Posted by
Frank Dilernia