Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
12 December
- 1. Emini S&P December longs at support at 6050/45 worked perfectly as we shot higher to 6102
The low & high for the last session were 6040 – 6102.
(To compare the spread to the contract you trade)
. - 2. Emini Nasdaq December longs at strong support at 21390/330 worked perfectly with a high for the day here before we shot higher to 21820.
Last session high & low for the last session were: 213405- 21820.
. - 3. Emini Dow Jones December continues lower to 44123 with losses 5 days in a row.
Last session high & low for the last session were: 44181 – 44442.
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Emini S&P December futures
- * Emini S&P longs at the buying opportunity at 6050/45 worked perfectly with a low for the day at 6040 before we shot higher to all targets of 6057, 6066, 6070, 6081/83.
- * A buying opportunity again at 6050/45 today & longs need stops below 6040.
- * Targets again: 6057, 6066, 6070, perhaps as far as 6081/83
- * Just be aware that a break below 6040 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
- * A low for the day exactly at strong support at 21390/330 & longs worked perfectly as we beat all time high at 21706 hitting targets of 21730, 21750, almost as far as 21840.
- * Failure to hold above 21690 today risks a slide to 21600/550.
If we continue lower look for a retest of strong support at 21390/330
Longs need stops below 21250. - * A break lower targets 21200, perhaps as far as 21070/21000.
- * A break above 21840 targets 21920, perhaps as far as 22200/250.
Emini Dow Jones December futures
- * We broke support at 44580/520 to target 44150, perhaps as far as support at 43930/850 (we are certainly on the way) & longs here need stops below 43750.
- Resistance at 44350/450 could see a high for the day but shorts need stops above 44550.
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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
20241212
