Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

19 March

1. 1. Emini S&P March has a potential bear flag, so a break below 5610 should be a sell signal for today.
   The low & high for the last session were 5600 – 5686.
   (To compare the spread to the contract you trade)
   .
2. 2. Emini Nasdaq March collapsed from strong resistance at 19850/950 with shorts working as we hit targets of 19750, 19650
   Last session high & low for the last session were: 19397 – 19858.
   .
3. 3. Emini Dow Jones March resistance at 42000/42200.
   Last session high & low for the last session were: 41435 – 41920
   .

Emini S&P March futures

• * Emini S&P has a potential bear flag, so a break below 5610 should be a sell signal for today.
• * Targets: 5580, 5550, 5530
• * Try longs at support at 5530/20 with stop below 5505 again this week.
  Targets: 5555, 5570

• * A break below 5505 is a sell signal targeting 5500, 5680, perhaps as far as 5660.

Nasdaq March futures

• * Emini Nasdaq did target strong resistance at 19850/950 with a high for the day but shorts need stops above 20050.
• * Targets: 19750, 19650
• * The break below 19600 can target 19400.
• * Emini Nasdaq has probably broken to the downside of a rising wedge in the short term bear trend & holding short term resistance at 19600 adds pressure to the downside targeting that support at 19250/19150
• * Shorts need stops above 19800.
• * A buying opportunity at 19250/150 but longs need stops below 19000.
• * A break below 19000 is a sell signal targeting 18850, 18600

• * A break above 20050 can target a sell opportunity at 20300/20400 & shorts need stops above 20550.

Emini Dow Jones March futures

• * Strong resistance at 42000/200 & shorts need stops above 42350.
• * Targets: 41800, 41600
• * We could fall as far as 41400/300.

• * A break below 40700 targets 40400, perhaps as far as 40100

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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

20250319