Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
19 November
Emini S&P futures.
- * Emini S&P break below 6665 was an important sell signal confirming the formation of a head & shoulders sell signal.
- * This could trigger a 200 – 250 point loss in the days or weeks ahead.
- * A high for the day yesterday at t 6588, just 2 points from strong resistance at 6690/6700.
- * 1st target for shorts is the 100 day moving average at 6570 today.
- * Below here tests very important support at 6450/6440.
- * I will reassess the market if this level is hit.
- * First resistance at 6660/6670 today & shorts need stops above 6680.
- * Further gains are unlikely but we meet resistance at 6700/6710 & shorts need stops above 6720.
Nasdaq futures.
- * Emini Nasdaq broke the neckline to a 2 month head & shoulders pattern at around 24850 for a sell signal as predicted.
- * A high for the day exactly at strong resistance at 24850/24950 with a dip to 24376 meaning the trade worked perfectly.
- * The break below 24600 is another sell signal & targets an excellent buying opportunity at 24200/24000.
- * Longs need stops below 23850.
- * Gains are likely to be limited with a sell opportunity at 24800/24900 & shorts need stops above 25050.
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.
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
20251119
