Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
Emini S&P JUNE futures
- * Emini S&P held support at 5380/60 for a few hours but longs were only offered around 50 points profit (which normally would be huge) before we broke below 5345.
- * If you managed to sell the break we hit targets of 5280/75 & 5220/00.
- * We made a low for the day exactly at strong support at 5155/35 & longs need stops below 5120 on any retest today.
- * Longs worked perfectly on bounce back towards 5360/80.
- * Obviously this is resistance for today.
- * Shorts need stops above 5410.
- * Further gains target 5425 & a break above 5430 can target 5440 then 5475/80.
- * Resistance at 5500/10 & shorts need stops above 5530.
Nasdaq June futures
- * Emini Nasdaq broke the 1st support to sink as far as 18,000 – 17,900 but made a low for the day exactly at this support.
- * A break below 17750 however risks a slide to 17400/350, perhaps as far as 17300/250.
- * Minor resistance at 18675/18775
- * A break above 18900 however opens the door 19100/200 before a retest of 19330/380.
- * A break above 19,500 can target trend line resistance at 19700/750 so a break above 19800 should be a buy signal targeting 20,000 to 20,100.
- * A high for the day is possible here.
Emini Dow Jones June futures
- * Emini Dow Jones broke support at 39,900/ 39,600 to trigger a move to 39,000 & strong support at 38800/38700.
- * Longs here worked perfectly with a low for the day at 38631 & a 1400 point bounce.
- * Minor resistance at 40000/40200 is key to direction this morning.
- * Shorts need stops above 40400.
- * A break higher targets 40550/650 before a retest of 41000/41140.
- * A break above 41,400 should be a buy signal for today Targeting 41,750 / 41,850 With resistance at 41,900 /42,100 And shorts need stops above 42,400.
- * Failure to beat minor resistance at 40000/40200 targets 39500/400 before a retest of strong support at 38800/38700.
- * Longs need stops below 38550.
- * A break lower can target 38200/100.
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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
20250411
