Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

13 December

1. 1. Emini S&P December support at 6050/45 likely to be retested as we revers Wednesday’s gains.
   The low & high for the last session were 6055 – 6088.
   (To compare the spread to the contract you trade)
   .
2. 2. Emini Nasdaq December longs at strong support at 21390/330 worked perfectly with a low for the day here before we shot higher to 21820.
   Last session high & low for the last session were: 21605- 21772.
   .
3. 3. Emini Dow Jones December continues lower to 43920 with losses 6 days in a row.
   Last session high & low for the last session were: 43941 – 44272.
   .

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 on Wednesday & longs worked perfectly as we beat all time high at 21706 hitting targets of 21730, 21750, almost as far as 21840.
• * Yesterday’s failure to hold above 21690 saw a slide to 21600/550 as expected with a low for the day almost exactly here.
• * If we continue lower today 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 support at 43930/850 as predicted  & longs here need stops below 43750.

• * Resistance at 44250/300 could see a high for the day but shorts need stops above 44400.

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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

20241213