Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

09 December

1. 1. Emini S&P December makes a new all time high at 6111.
   The low & high for the last session were 6076 – 6111.
   (To compare the spread to the contract you trade)
   .
2. 2. Emini Nasdaq December finally beat the all time high at 21340 to hit 21669.
   Last session high & low for the last session were: 21424- 21669.
   .
3. 3. Emini Dow Jones December moving in the opposite direction with a small correction to 44660.
   Last session high & low for the last session were: 44660 – 44984.
   .

Emini S&P December futures

• * Emini S&P finally hits my targets of 6078/80 & 6095/99 before a new all time high at 6111.
• * A low for the day on Friday just 1 point above my support at 6175/70 & this should be support again on Monday.
• * However a break below 6165 can target a buying opportunity at 6050/45 & longs need stops below 6040.
• * Just be aware that a break lower again can target a buying opportunity at 6020/10 & longs need stops below 6000.

• * On a break above 6112 we can target 6126/31 & eventually 6170/75 is possible.
  

Nasdaq December futures

• * Bulls force a break above the all time high at 21340 for a buy signal.
  We immediately hit my targets of 21390/399, 21480/490 & now the next target of 21620.
• * Next targets for this week are 21730, 21840.

• * Support at 21570/520 but longs need stops below 21480.
  

Emini Dow Jones December futures

• * Support at 44580/520 & longs need stops below 44450.
• * Targets: 44750 & 44850, perhaps as far as 44930.
• * Above 4500 retests the all time high at 45125/176.

• * If we continue higher look for 45610/650.

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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

20241209