Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas
31 July
Today’s trade ideas:

- 1. Emini S&P September futures shorts at the best sell opportunity for the day at 5520/25 worked perfectly with a high for the day exactly here before prices collapsed to 5433.
The low & high for the last session were 5527 – 5433
(To compare the spread to the contract you trade).
. - 2. Emini Nasdaq September futures shorts at first resistance at 19350/390 worked perfectly with a high for the day exactly here on Monday & yesterday we collapsed to 18950.
Last session high & low for the SEPTEMBER futures contract: 18725 – 19319.
Emini S&P September futures
- * Shorts at the best sell opportunity for the day at 5520/25 worked on Monday & again on Tuesday as we hit all targets down to 5470
- * Try shorts at the resistance again today.
A break above 5535 is a buy signal targeting 5545 & 5560.
- The break below 5458 was a sell signal targeting 5425 but unfortunately we bounce from 5433.
If we continue lower this week look for an excellent buying opportunity at 5410/00.
Longs need stops below 5385.

Nasdaq September futures
- * Emini Nasdaq shorts at first resistance at 19350/390 worked perfectly hitting my target of 18950 for an easy 400 tick profit over night.
- * Try shorts again at 19350/390 with stops above 19440.
- * Support at 18830/730 & longs need stops below 18600.
Targets: 19050, 19150, 19250
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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
20240731
