Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

02 May

Gold XAUUSD

1. 1. Gold broke 3263/59 to hit my target & strong support at 3220/3210 exactly as predicted.
2. 2. I hope you caught this move for the potential 350-400 tick profit on the downside.

3. The longs at 3220/3210 are also working perfectly as we hit my 2 targets of 3233/36 & 3245/50, for another 300 ticks profit on the week, and as I wrote yesterday, even 3265 is possible today.

1. 4. Emini S&P June continues higher as expected hitting my 5660/5670 target.
   The low & high for the last session were 5601 – 5682.
   (To compare the spread to the contract you trade)
   .
2. 5. Emini Nasdaq June made a low for the day exactly at support at 19780/720. Buying at support has worked well this week.
   Last session high & low were: 19757 – 20125.
   .
3. 6. Emini Dow Jones June longs at support at 40775/40700 worked perfectly with a low for the day exactly here. Now we need a break above 41200.
   Last session high & low for the last session were: 40734 – 41222.

Emini S&P JUNE futures

• * Emini S&P now hitting my 5660/5670 target by the end of the week as predicted.
• * There is good bullish momentum & so a break above 5675 is a buy signal for today & can target 5705/15, perhaps as far as 5735/40.
• * A buying opportunity at 5610/00 & longs need stops below 5590. A break lower however can target 5560/50 & longs need stops below 5540.

Nasdaq June futures

• * Emini Nasdaq made a high for the day at minor resistance at 20000/20100.
• * A break above 20200 should be a buy signal for today targeting 20400/450.
• * Support again at 19780/720 & longs need stops below 19650.

Emini Dow Jones June futures

• * Emini Dow Jones break above 41200 is a buy signal targeting 41400/430 & 41550/600, perhaps as far as 41700.

• * Support again today at 40775/40700 but longs need stops below 40550.

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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

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