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Guesstimates on December 8, 2017

March S&P E-mini Futures : The March 2018 contract is now the front month. Resistance today is at 2652 but if that fails the ES will be on its way above its last top at 2667.25. In the meantime I still think a drop to the lower end of a 60-80 point trading range is likely. Looking ahead into the first quarter of 2018 the market is likely to reach 2860. QQQ: Short term support is at 148.
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