Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

05 November

1. 1. Emini S&P December quiet before the election.
   The low & high for the last session were 5725 – 5776
   To compare the spread to the contract you trade)
   .
2. 2. Emini Nasdaq December held the buying opportunity at 20100/20000 & which is key to direction for this week.
   Last session high & low for the last session were: 20013 – 20248.
   .
3. 3. Emini Dow Jones December made a high for the day at the 42500/600 level
   Last session high & low for the last session were: 41791 – 42277.

Emini S&P December futures

• * Emini S&P held made a low for the day exactly at very strong support at the October low at 5730/5724.
• * Longs need stops below 5715. Targets: 5745, 5755, 5765.
• * A break below 5715 is another sell signal for today targeting 5675/65.
• * Resistance at 5790/5800 but shorts need stops above 5805.

• * Just be aware that a break higher can target resistance at 5830/34 & shorts need stops above 5840.

Nasdaq December futures

• * We hit the next downside target & support at 20100/20000 with a low for the week her.
• * Targets: 20300/320 then 20390/410.
• * Longs at the support this week need stops below 19900.
• * A break lower is a sell signal targeting 19750 & perhaps as far as 19550/450.

• * Strong resistance at 20470/510 & shorts need stops above 20550.
  

• Emini Dow Jones December futures
• * Holding resistance at 442500/600 so this is key to direction at the start of this week.
• * Shorts need stops above 42550.
• * Holding below 42250/42300(a high for the day exactly here yesterday) keeps the pressure on for a retest of 41900/41873.

• * A break below here this week targets 41800/700 perhaps as far as 41400/41300.
  We could meet strong support at 41250/200 & longs need stops below 41000.
  

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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

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20241105