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Daily Mini SP 500 | Support and Resistance Levels

Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Daily Mini S&P Chart
5. Economic Reports for Wednesday, November 30, 2011

 


 

1. Market Commentary

Wishing all of you a great trading month in December.

Also heads up, if you are trading GOLD, SILVER, BONDS and GRAINS, it is time to trade the March contract for these markets ( February Gold) as December is entering delivery period.

 



2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000

Contract (Dec. 2011) SP500
(big & Mini)
Nasdaq100
(big & Mini)
Dow Jones
(big & Mini)
Mini Russell
Resistance Level 3 1271.50 2339.00 12283 804.53
Resistance Level 2 1259.00 2318.00 12157 770.97
Resistance Level 1 1252.00 2306.00 12093 753.73
Pivot Point 1239.50 2285.00 11967 720.17
Support Level 1 1232.50 2273.00 11903 702.93
Support Level 2 1220.00 2252.00 11777 669.37
Support Level 3 1213.00 2240.00 11713 652.13


 

3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds

Contract Feb. Gold Dec. Euro Jan. Crude Oil March. Bonds
Resistance Level 3 1780.3 1.3838 104.58 142 27/32
Resistance Level 2 1767.5 1.3687 103.17 142 12/32
Resistance Level 1 1759.0 1.3563 101.75 141 28/32
Pivot Point 1746.2 1.3412 100.34 141 13/32
Support Level 1 1737.7 1.3288 98.92 140 29/32
Support Level 2 1724.9 1.3137 97.51 140 14/32
Support Level 3 1716.4 1.3013 96.09 139 30/32


4. Daily Mini S&P Chart

Daily chart of the Mini SP 500 with levels for your review, after World Central Banks agreed to a new, lower lending rate for dollar denominated loans. Providing more Grease to the euro-zone wheels, sent many markets, mostly stock indices sharply higher.

Mini SP


5. Economic Reports

ECB President Draghi Speaks
3:00am

Final Manufacturing PMI
4:00am

Unemployment Claims
8:30am

ISM Manufacturing PMI
10:00am

Construction Spending
10:00am

ISM Manufacturing Prices
10:00am

Natural Gas Storage
10:30am

Total Vehicle Sales
All Day

Tags: > Posted in: Day Trading  

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