Broken above a resistance zone – 2180-to-2185; which was also the upper limit of an ascending triangle; target near 2212; high reached on Friday, November 25, was 2211.75
Broke a symmetrical triangle to the upside at 2:00 PM on November 15; reached the target near 2198 – 2200
At 20-bar EMA which is above 50-bar EMA
30-Minute (e-mini future)
Down trend since 9:00 AM on November 30; two touches to the trend line
Bouncing off the low of 2184.25 made at 4:00 AM, which is near a support zone – upper limit of an ascending triangle, which was broken to the upside on November 21
Overhanging resistance near 2190 level – prior support turned into resistance and the 50-bar EMA
Below a down sloping 50-bar EMA but just crossed above a declining 20-bar EMA
U.S. indices were mostly down on Thursday, December 1 2016. Dow Jones Industrial Average and Dow Transportation Average were the only indices to advance.
S&P 500 opened near the lows of Wednesday and then traded down for most of the day. The support for it seems to be 2179.99, the high point reached on September 22 and 2163.85, the 38.2% Fibonacci retracement of the rally from the low of November 4.
NASDAQ Composite has already retraced by more than 38.% Fibonacci level. The next level, 61.8%, is at 5175.54.