Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
25 February
- 1.Emini S&P March shorts at first resistance at 6055/6060 worked perfectly as we collapsed from 6067 to 5995
The low & high for the last session were 5995 – 6067.
(To compare the spread to the contract you trade)
. - 2. Emini Nasdaq March made a high for the day exactly at first resistance at 21800/900 before prices collapsed to 21408
Last session high & low for the last session were: 21408 – 21813.
. - 3. Emini Dow Jones March made a high for the day exactly at first resistance at 43750/850 before prices collapsed again to 43420.
Last session high & low for the last session were: 43420 – 43825.
Emini S&P March futures
- * Emini S&P recovered to the sell opportunity at 6055/6060 & shorts worked perfectly as we collapsed to 5994.
- * The break below 6010 did not work the first time yesterday but we are now likely to head for the 100 day moving average at 5978/74.
- * A low for the day is possible here as we become oversold but longs need stops below 5965.
- * A break lower targets 5940/35 & even a test of strong support at 5920/10 is possible.
- * Longs need stops below 5900.
- * Again, gains are likely to be limited with first resistance at 6030/40.
Shorts need stops above 6045. Targets: 6015, 5995. - * Strong resistance at 6055/65 & shorts need stops above 6075.
- * Targets: 6040, 6020.
Nasdaq March futures
- * Emini Nasdaq we wrote: Further losses are expected targeting 21550.
Target was hit. - * However eventually this week we could fall as far as a buying opportunity at 21200/100. Longs need stops below 20950.
- * Targets:
- * Gains are likely to be limited with first resistance at 21700/800 & shorts need stops above 21900.
- * Targets: 21500, 21400, 21300
Emini Dow Jones March futures
- * Further losses are expected to the 16 month ascending trend line at 43100/43000.
- * A bounce from here is possible but longs need stops below 42850.
- * Gains are likely to be limited with first resistance again at 43750/850 & shorts need stops above 44000.
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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
20250225
