Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
13 March
- 1. Emini S&P March longs at the buying opportunity at 5540/30 worked in the jump to 5675.
The low & high for the last session were 5550 – 5675.
(To compare the spread to the contract you trade)
. - 2. Emini Nasdaq March buying opportunity at 19250/150 worked perfectly with a low for the week here.
Last session high & low for the last session were: 19387 – 19788.
. - 3. Emini Dow Jones March longs at important support at 41300/41200 worked perfectly & we made a high for the day almost exactly at resistance at 42100/200.
Last session high & low for the last session were: 41047 – 42025
.
Emini S&P March futures
- * Emini S&P longs at support at 5540/30 worked on the bounce to resistance at 5678/88 with a high for the day only 3 points below here.
- * Shorts need stops above 5700 on a retest today.
- * Targets: 5650, 5635, 5620
- * A break above 5700 can target 5730 & resistance at 5770/80. Shorts need stops above 5790.
- * Support again at 5540/30 & longs need stops below 5520.
Targets: 5555, 5570, 5585.
- * A break below 5510 is a sell signal targeting 5500, 5680, perhaps as far as 5660.
Nasdaq March futures
- * Emini Nasdaq made a low for the week exactly at the buying opportunity at 19250/150.
- * Again longs need stops below 19000 on a retest today – perhaps this will be the low for the correction.
- * A break below 19000 is a sell signal targeting 18850, 18600
- * Minor resistance at 19600/620 was tested again yesterday & we held just below strong resistance at 19850/950 with a good chance of a high for the day here today but shorts need stops above 20050
Emini Dow Jones March futures
- * Longs at important support at 41300/41200 worked perfectly hitting targets on the bounce of 41650 & 41800 for up to 600 ticks easy profits.
- * I expect strong resistance at 41950/42050 & shorts need stops above 42150.
- * Important support again at 41300/41200.
- * A break below 40950 is a sell signal targeting 40700/600, perhaps as far as 40200.
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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
20250313
