Monday’s Futures Setups

The Dec. S&P 500 futures
(
SPZ2 |
Quote |
Chart |
News |
PowerRating) had a
fakeout at the onset of trading this morning. Then found the intraday low and
rallied from there. The SPZ2 closed at 883.20 up 4.29. The SPZ2 closed above key
support at 880.

Despite the positive moves in equities, the
Treasury’s ended on a positive note. The Dec. 30-year Treasury bond
(
USZ2 |
Quote |
Chart |
News |
PowerRating) closed at 108.68 up 2.03 up 1.90%. The Dec. 10-year note
(
TYZ2 |
Quote |
Chart |
News |
PowerRating) tested its 112 support line, before closing at 112.68 up .12.

The Dec.Nasdaq 100
(
NDZ2 |
Quote |
Chart |
News |
PowerRating) has support at an important spot on the
chart.. The 926.00 area is the 50% retracement drawn from the Aug. high to the
most recent low. The 50-day moving average is also at this level.
The Dec. Nasdaq 100 futures rolled higher to 960.50,
an increase of 17 or 1.80%.

Possible
long candidates: