Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

11 August

1. 1. Emini S&P SEPTEMBER held inside of Thursday’s range.
   Last session high & low were: 6369 – 6426
   (To compare the spread to the contract you trade)
   .
2. 2. Emini Nasdaq September creeping higher towards the all time high at 23800/23845
   Last session high & low were: 23503- 23767.

Emini S&P September futures.

• * Emini S&P remains stuck in a range from 6468 down to 6240/6220 since 1st July – about 5 weeks & really I need to wait for a breakout of the range.
• * Short term support at 6402/6398 & again at 6387/83.
• * Resistance at 6425/30 has held for 2 days but a break higher can retest the all time high at 6454/57.

• * Obviously a break above would be a buy signal if sustained.

Nasdaq September futures.

• * Emini Nasdaq break above Thursday’s high at 23671 can retest the all time high at 23800/23845.
• * A break higher targets 23960/990 then 24150/200.

• * Support at 23600/500 & longs need stops below 23400.

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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.

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Jason Sen, Director

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20250811