Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
1700 pips profit already this week!
Up to 1000 ticks from the short Emini S&P position.
- * Emini S&P June futures shorts at strong resistance at 5145/55 worked perfectly as the index crashed 100 points yesterday.
- * Emini Nasdaq collapsed from just below my resistance at 18050/18150.
Emini S&P has recovered all the losses & bounced 100 points to 5134.
- * Shorts at strong resistance at 5145/55 worked perfectly with a high for the day exactly here before the index crashed to my targets: 5130, 5110, 5090 & even 5050 !!
- * A great call!!
- * We should have support at 5050/5040 (with a low for the day almost exactly here yesterday) & longs need stops below 5025.
Targets: 5080, 5100, 5110. - * If we see a very strong bounce we should meet strong resistance again at 5145/55.
- * A break lower is a sell signal & sees 5035/45 act as resistance to target 5020 & 5010/05.
- * A break below 5000 is the next sell signal targeting 4985 & even 4970/65 is possible.
Nasdaq June futures caught me out as we shot higher to 17717.
- * We headed lower as expected but unfortunately could not quite reach strong resistance at 18050/18150 although targets of 17850, 17750, 17650 were all hit.
- * Holding below strong resistance at 17570/630 keeps the pressure on for 17330/300, perhaps as far as 17150.
- * Shorts at 17570/630 stop above 17680.
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Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.
Please email me if you need this report updated or Whatsapp: +66971910019 – To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk
Jason Sen, Director
https://www.daytradeideas.co.uk
20240501
