Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas
27 January
- 1. Emini S&P March beat the all time at 6111 to hit my next targets of 6130 & 6160/6164, with a new all time high exactly here.
The low & high for the last session were 6122 – 6162.
(To compare the spread to the contract you trade)
. - 2. Emini Nasdaq March has formed 2 inside days as we hold within Wednesday’s range.
Last session high & low for the last session were: 21844 – 22078.
. - 3. Emini Dow Jones March making a good recovery beating resistance at 43650/750.
Last session high & low for the last session were: 44523 – 44773.
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Emini S&P March futures
- * Emini S&P shot higher to beat the all time at 6111 & hit the next targets of 6130 & 6160/6164 as predicted.
- * If you bought around 6111 with stop below 6100 the longs worked.
- * We wrote: We should struggle here in overbought conditions but I think shorts are too risky, with no sell signal.
- * Great call with a new all time high exactly here!!
. - * Just be aware that further gains this week can target 6194/98.
- * Despite overbought conditions I think the downside is likely to be limited with support at 6115/6110 & longs need stops below 6100.
- Further losses meet support at 3080/70 & longs need stops below 6060.

Nasdaq March futures
- * Emini Nasdaq beat resistance at 21400/500 to hit the next target of 21800/820 & retest the January high at 21880/21900.
- * We made it as far as 22000 before a retest of the all time high at 22152.
- * Obviously a break above here this week is a buy signal, targeting 22200/220 & 22400/440.
- * A low for the day exactly at first support at 21900/850 on Friday although we ran out of time before much of a profit was offered.
- * Longs need stops below 21820 this week.
- * But the better support should be at 21780/720 & longs need stops below 21670.
- * Targets: 21850, 21950, 22050

Emini Dow Jones March futures
- * We continue higher to my next targets of 44510/540 & 44750/790 as expected with a high for the day exactly here in fact on Thursday.
- * Further gains look likely this week despite severely overbought conditions & a break above 44820 can target 44960/990 before a retest of the all time high at 45171.
- * Of course a break above here this week is a buy signal.
- * First support at 44450/44350 & longs need stops below 44300.

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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
20250127
