Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
25 April
- 1. Emini S&P June made a low for the day exactly at the buying opportunity at 5377/5340
The low & high for the last session were 5355 – 5541.
(To compare the spread to the contract you trade)
. - 2. Emini Nasdaq June longs in the buy zone at 18620/18510 worked perfectly with a low for the day here before a 550 tick recovery.
Last session high & low were: 18595 – 19418.
. - 3. Emini Dow Jones June filled the gap at 39695 – 39449 for a buying opportunity.
Last session high & low for the last session were: 39408- 40408.
Emini S&P JUNE futures
- * Emini S&P half filled the gap at 5377/5340.
- * As I stated yesterday: It does not have to be filled – a breakaway gap is a very positive signal in a rising market.
- * So holding above here is a buy signal again for today & a break above 5430 is another buy signal (again) targeting 5500/5510.
- * This all worked out perfectly with a low for the day at 5355 & an immediate 150 tick jump to our target of 5500/5510.
- * Resistance at 5525/35 so a break above 5540 is a buy signal targeting 5570/75.
- * There is only minor support at 5500/5490 so be aware that a move below 5480 risks a slide to an excellent buying opportunity at 5450/40 & longs need stops below 5430.
- * A bounce from here could retest 5525/35 so there is excellent profit potential.
Nasdaq June futures
- * Emini Nasdaq I wrote yesterday:
We have a gap to fill at at 18620/18510. It does not have to fill & again it could be a breakaway gap. - * Or it may fill & act as support so we could rally once it is filled.
This proved to be correct with a low for the day at 18595. - * We immediately hit my 1st targets of 18720, 18850, 18950 & 19050/19150 offering huge profits of up to 550 ticks.
- * I wrote yesterday: On a break above yesterday’s high look for 19340/380.
- * This target was also achieved & if you held some of your position there was an additional 300 ticks profit for a total of 850 ticks on the day.
- * As I write we are trying a break above 16340/380 & if this is sustained we can target 19500/500, 19700/750 & even 19850/900 is possible.
- * Support at 19380/340 & longs need stops below 19280.
- * Below here risks a slide to support at 19170/130. Longs need stops below 19000.
Emini Dow Jones June futures
- * Emini Dow Jones reversed to test the gap at 39695 – 39449.
- * We wrote: A bounce from the gap targets 39830/880 then 40030/40080. If we continue higher look for 40280/310 & 40500/40600 again.
- * We have hit all targets as far as 40280/310 & I am looking for a retest of this week’s high at 40500/40600 today.
- * A break above 40600 is a buy signal targeting 40700/720 & even 40950/41000 is possible.
- * First support at 39900/39800 today & longs need stops below 39700.
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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
20250425
