Bitcoin rockets from best support at 60500/60000 & through he all time high at 66500/67000 as predicted, initially targeting 69500/70000
Ripple through 6 month trend line resistance at 12300/400 for a buy signal.
Ethereum longs at best support at 4380/4340 work on the run to the next target of 4800.
Today's Analysis
Bitcoin longs from anywhere above 60000 this trade worked perfectly as we beat 66500/67000 as expected initially targeting 69500/70000. We should struggle so do not be surprised to see some profit taking. However a break above 70000 is a good buy signal & can take us as far as 70000/78000.
Downside is expected to be limited with first support at 67000/66500. Longs need stops below 66000.
Ripple break above 12400 is an important medium term buy signal initially targeting 12800/850 & 13050.
Support at 12300/12200. Best support at 11800/11700. Longs need stops below 11600.
Ethereum longs at best support at 4380/4340 worked on the bounce back above 4475/55 to the targets of 4600/50 & 4800 & hopefully as far as 4950/5000 this week.
Downside is expected to be limited with minor support at 4650/40. Best support at 4520/4480. Longs need stops below 4430.
Emini S&P December hitting the targets as far as 4696/99 before reversing from 4712 & we are closing in on first support at 4675/70 this morning.
Nasdaq December seeing a little profit taking from our 16420/440 target but downside should be limited in the bull trend with no sell signal yet, despite overbought conditions.
Emini Dow Jones December we wrote: hit the next target of 36000/100 & if we continue higher in the bull trend look for 36250/280.
Target hit with a new all time high at 36375.
Today's Analysis.
Emini S&P meets first support at 4675/70. Longs need stops below 4665 but then expect strong support at 4650/45. Try longs with stops below 4635. Unlikely but further losses meet an excellent buying opportunity at 4615/05. Longs need stops below 4595.
The only resistance is at 4710/15. You would have to brave or crazy to sell short in this endless bull market! A break above 4720 targets 4735/40 then 4760.
Nasdaq December straight to the next target of 16420/440 with a new all time high only 8 ticks above!! Eventually we can reach 16700, perhaps this week. Then we look for 16850.
First support at 16260/240 likely to be tested this morning, but below here meets second support at 16140/120. Unlikely but further losses meet a buying opportunity at 15970/920. Longs need stops below 15890.
Emini Dow Jones December new all time high at 36375 but watch resistance at 36410/440. I certainly do not recommend a short but we could pause here. If we continue higher look for 36490/500 & 36750/800.
First support at 36100/35950. Best support at 35700/650. Longs need stops below 35550.
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