Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

27 November

1. 1. Emini S&P December choppy again as we try to retest the all time high at 6053.
   The low & high for the last session were 5976 – 6044.
   (To compare the spread to the contract you trade)
   .
2. 2. Emini Nasdaq December tests resistance at 20960/990 & holds below 21090
   Last session high & low for the last session were: 20755- 21024.
   .
3. 3. Emini Dow Jones December bounced from support at 44640/560 to a new all time high at 45002.
   Last session high & low for the last session were: 44532 – 45002.
   .

Emini S&P December futures

• * Emini S&P made a low for the day exactly at minor support at 5980/70.
• * A break below 5960 therefore should be a short term sell signal targeting 5930/25.

• * Obviously bulls must clear 6055 to be fully in control again targeting 6078/80 & 6095/99, perhaps as far as 6126/31.
  

Nasdaq December futures

• * Resistance again at 20960/990. Shorts need stops above 21090.
• * A break higher targets 21140 & 21190.
• * It’s difficult to find tradeable levels on the downside as we have been consolidating for 2 months.
• * There maybe minor support at 20870/830 but a break below 20750 risks a slide to the best support for this week again at 20420/380 & longs need stops below 20300.
• * Just note that the last 6 daily candles have long lower wicks so it’s obviously buyers are ready to jump in aggressively on weakness.

Emini Dow Jones December futures

• * Longs at support at 44640/560 worked perfectly on the bounce towards my target of 45020/050 & even 45400 is possible this week.
• * If we continue higher look for 45610/650.

• * Support at 44580/520 & longs need stops below 44450.

It’s not the smartest traders who succeed, nor those who work the longest hours. It’s traders who learn how to control their emotions.

Learn my trading psychology secrets to gain emotional stability in my FREE 5 day challenge!

Sign up now: https://bit.ly/3RtFyZZ

Join my free telegram group for analysis and signals.

https://t.me/daytradeideas

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

20241127