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The Fed kicks off its two-day meeting today, December 9, 2025, with expectations of a 25-basis-point cut when the fed funds rate announcement hits tomorrow. So before the headlines roll in, I’m looking at the E-mini S&P 500, Nasdaq, and Dow futures to map the price levels that matter most.
Because when markets get quiet ahead of a likely catalyst, your support and resistance lines often do the heavy lifting.
🔍 Highlights
1️⃣ E-mini S&P 500 (ESZ25)
ES has been recovering off the November 21 low and pierced the October 12 high — but hasn’t been able to close above it. That’s an important reminder: a single test of support or resistance doesn’t mean much without follow-up price action.
Right now, price is still holding under the high, with key short-term support at the December 1 low at 6802.00.
2️⃣ E-mini Nasdaq 100 (NQZ25)
NQ looks almost identical to ES: it also tested the November 12 high and even traded above it intraday on two separate days — but never posted a closing break.
A hold above the December 1 low keeps the door open for higher prices. A drop below the December 4 low — and especially a follow-through break of December 1 — opens the path back toward the November 21 range.
3️⃣ E-mini Dow (YMZ25)
YM is the strongest of the three. It returned to the November 12 high, which is an even more important resistance level for the Dow.
Support sits at the December 2 low, and as long as that holds, YM has room to push toward the midpoint of the November 12 range at 48,273.
Fed announcement hits Wednesday, December 10 at 2:00 PM ET — and the whole afternoon may get volatile. If you're newer to trading, be very cautious about having open intraday positions during the release or the Chair Powell press conference that follows.
If you found value in these broad market levels or support/resistance tips, go ahead and hit that Like button.
~Hima
PS:
The events calendar has been updated — check it out to see what’s on deck this week and through Christmas week!
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