Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

18 December

1. 1. Emini S&P December retested support at 6050/45 yesterday.
   The low & high for the last session were 6011 – 6079.
   (To compare the spread to the contract you trade)
   .
2. 2. Emini Nasdaq December hit my next target of 21920 then reversed yesterday to support at 21920/820
   Last session high & low for the last session were: 21942- 22124.
   .
3. 3. Emini Dow Jones December continues lower to 43367 with losses 9 days in a row.
   Last session high & low for the last session were: 43367 – 43772.

Emini S&P December futures

• * Emini S&P support at 6050/45 is obviously key to direction again this week.
• * Longs here can target 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

• * The break above 21840 targets 21920 (hit), perhaps as far as 22200/250 this week.
• * On further gains look for 22290/299.

• * First support at 21920/820 has been hit & longs need stops below 21750.
  

Emini Dow Jones December futures

• * We broke the 50 day moving average at 43590/550 & now meet the 4 month ascending trend line at 43380/340.
  A break below 43290 risks a slide to 43000/42990.

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

20241218