Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
12 September
Emini S&P September futures.
- * Emini S&P break above 6549 hit the targets of 6520/23, 6566/68 & 6585/6590.
- * A new all time high at 6600 as shorts get squeezed!
- * I have seen this game many times, where traders & investors try to pick the top – I used to do it a couple of decades ago and losing £10,000’s taught me to be a trend follower!
- * I will stick with the bulls until I see a sell signal or reversal pattern.
- * Next targets are 6611, 6635/40 & 6660/6663.
- * Support at 6545/35 & longs need stops below 6530.
- * A weekly close below 6530 would concern me.
Nasdaq September futures.
- * Emini Nasdaq creeps higher to retest the all time high at 24000/24068 as we consolidate for 2 months.
- * Holding above the 3 day high of 23900/23920 is more positive for today.
- * Bulls need a break above 24070 for the next buy signal of course.
- * While we remain trading sideways we should have support at 23700/23660 again today.
- * A break lower can target 23550/510.
Emini Dow Jones September futures
- * Emini Dow Jones beat 46630 for a chance to retest the all time high at 45800/841.
- * The break above the new all time high at 45841 hit the next target of 45885/46045, as we close in on 46200/210 & even 46410/430 is possible.
- * Support at 45850/45800. Longs need stops below 45700
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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
20250912
