Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

15 August

1. 1. Emini S&P SEPTEMBER new all time high at 6506
   Last session high & low were: 6453 – 6496
   (To compare the spread to the contract you trade)
   .
2. 2. Emini Nasdaq September new all time high at 24068
   Last session high & low were: 23793- 24007.
   .

3. Emini Dow Jones jumps to 45340
Last session high & low for the last session were: 44770 – 45142.

Emini S&P September futures.

• * Emini S&P can target 6488/90 (hit) & 6516/20.
• * A break above 6525 can target 6550/6555.
• * First support at 6465/6460 & longs need stops below 6455 (we traded down to 6453.50 but if you held on the worked perfectly).
• * Very strong support at 6445/6435 & longs need stops below 6425.

Nasdaq September futures.

• * Emini Nasdaq break above 23800/23845 targets 23960/990 (hit) then 24150/200 (almost there!).
• * Above 24240 look for 24400.
• * We made a low for the day 3 ticks above an excellent buying opportunity at 23790/740 & longs need stops below 23650.
• * Just be aware that a weekly close below 23500 starts next week with a more negative bias & risks a slide to 23300/260

Emini Dow Jones September futures.

• * Emini Dow Jones we wrote: move above 44750 this week triggers a retest of 44900/950 as predicted & even the all time high at 44230/45312 is possible.
• * Targets hit!
• * However bulls need a break above the longer term trend line at 45400/45450 for a new buy signal next week.

• * Failure to beat 45400/45450 risks a slide to 45070 & 44800/750.

It’s not the smartest traders who succeed, nor those who work the longest hours. It’s traders who learn how to control their emotions.

Learn my trading psychology secrets to gain emotional stability in my FREE 5 day challenge!

Sign up now: https://bit.ly/3RtFyZZ

Join my free telegram group for analysis and signals.

https://t.me/daytradeideas

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

20250815