Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
17 July
- 1. Emini S&P SEPTEMBER made a low for the day exactly at support at 6245/35 & longs worked perfectly on the recovery to 6308.
Last session high & low were: 6241 – 6308
(To compare the spread to the contract you trade)
. - 2. Emini Nasdaq September held support at 22800 as predicted.
Last session high & low were: 22835- 23100.
. - 3. Emini Dow Jones September made a low for the day at my target of 44000/43900 as predicted.
Last session high & low for the last session were: 43973 – 44481.
Emini S&P September futures.
- * Emini S&P up one day, down the next day in the 9 day sideways trend.
- * Further gains today can target 6330/6333 before a retest of 6340/6343.
- * A break above here can target 6352/55 & 6365/67.
- * Eventually 6377/80 & even 6390 is possible.
- * We should have support again at 6245/35 & longs need stops below 6225.
Nasdaq September futures.
- * Emini Nasdaq break higher hit this week’s targets of 23150/155 & 23220/230 with a high for the week exactly at this price.
- * However gains could not be sustained and we moved back into range formed in the first 2 weeks of July.
- * I fear we will continue to range trade and could dip to support at 22800….which we did yesterday as expected.
- * I have little doubt that buyers will be jumping in on the dip (and we made a low for the day at 22835 in fact…But if we continue lower today we could target support at 22650/550.
- * Longs need stops below 22450.
- * Of course we are in a bull trend so a break higher is always possible targeting 23300/310.
- * Eventually we can reach as far as 23350/370 & 23410/430 with 23500/510 certainly not out of the question.
Emini Dow Jones September futures.
- * Emini Dow Jones dipped to the downside target of 44000/43900, with a low for the day as predicted & this will be support again today.
- * Longs need stops below 43750.
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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
20250717
