Technical Analysis DayTradeIdeas

Technical Analysis DayTradeIdeas

18 August

1. 1. Emini S&P SEPTEMBER new all time high at 6508.75
   Last session high & low were: 6462 – 6508.75
   (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: 23734- 23963.
   .
3. 3. Emini Dow Jones jumps to 45340
   Last session high & low for the last session were: 44770 – 45371.

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 & we made a low for the day exactly here on Friday.
• * Today, longs need stops below 6455.

• * 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 exactly at an excellent buying opportunity at 23790/740 on Friday & longs need stops below 23650 on Monday.
• * Just be aware that a break below 23650 risks a slide to 23300/260

Emini Dow Jones September futures

Emini Dow Jones made a new all time high at 45371, just below the longer term trend line at 45400/45450.

• * Obviously we need a daily close above here any day this week for a new buy signal.

• * Failure to beat 45400/45450 risks a slide to 45070 (would you believe this was the exact low after the test of the trend line) & even 44800/750 is possible.

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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

20250818