Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

06 November

1. 1. Emini S&P December soars to 5894 as Trump leads
   The low & high for the last session were 5735 – 5823
   (To compare the spread to the contract you trade)
   .
2. 2. Emini Nasdaq December made a low for the day week exactly at the buying opportunity at 20100/20000.
   Last session high & low for the last session were: 20041 – 20385.
   .
3. 3. Emini Dow Jones December recovers as far as 43019
   Last session high & low for the last session were: 41917 – 42460.
   .

Emini S&P December futures

• * Emini S&P made a low for the week exactly at very strong support at the October low at 5730/5724.
• * Longs worked perfectly as we shot higher to resistance at 5790/5800 but we continue higher to beat resistance at 5830/34 & reach5894 as I write.
• * A break above 5900 can retest the all time high at 5927.
• * A break higher is a buy signal targeting 5970/75 & 6000/6005.
  On further gains look for 6026/29 & 6050/54.

• * Support at 5855/50 but below 5845 look for 5830/25.
  

Nasdaq December futures

• * We hit the next downside target & support at 20100/20000 with a low for the week here.
• * Targets of 20300/320 then 20390/410 & strong resistance at 20470/510 were hit for up to 300 ticks profit but shorts here stopped above 20550.
• * We reached 20640 & if we continue higher look for 20700/710 then a retest of the October high at 20760/788
• * Above 2800 can retest the all time high at 20940/983.
• * First support at 20500/460 but we could find better support at 20400/20350 & longs need stops below 20250.

• Emini Dow Jones December futures
• * We held resistance at 42500/600 yesterday but over night we shot higher to 43019.
• * First support at 42750/710 but longs need stops below 42650.
• * A break lower can target 42450/400 & longs need stops below 42350.
• * If we continue higher through 43050 look for 43260/290 then 43400/430

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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

20241106