Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

21 November

1. 1. Emini S&P December choppy again as we bounce from 5880.
   The low & high for the last session were 5880 – 5957
   (To compare the spread to the contract you trade)
   .
2. 2. Emini Nasdaq December made a high for the day exactly at the target of 20820/850.
   Last session high & low for the last session were: 20477- 20843.
   .
3. 3. Emini Dow Jones December held inside Tuesday’s range so the same levels apply for today.
   Last session high & low for the last session were: 43181 – 43590.
   
   

Emini S&P December futures

• * Emini S&P stalled again at minor resistance at 5945/50 & shorts need stops above 5960.
• * A break higher targets strong resistance at 5980/90 & shorts need stops above 6000.
• * The best support I can identify is at 5840/30.

• * Longs need stops below 5820.
  

Nasdaq December futures

• * We held just above strong support at 20420/380 & made a high for the day exactly at the next target of 20820/850.
• * A break higher today meets resistance at 20960/990. Shorts need stops above 21090.

• * The best support for this week again at 20420/380 & longs need stops below 20300.
  

• Emini Dow Jones December futures
• * We made a high for the day exactly at minor resistance at 43540/620 but a break above 43680 can target 43790/800 then resistance at 43950/44000.
  Shorts need stops above 44060.

• * The best support I see is at 42900/800 & longs need stops below 42700.

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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.

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Jason Sen, Director

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