Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
04 March
04 March
Emini S&P futures.
- * Emini S&P March futures hit the downside target & strong support at 6,750/6,730.
- * We wrote: This is key to direction for this week & if tested, longs need stops below 6,710.
- * Longs here worked perfectly & we shot higher from 6,718 to 6,849, holding resistance at 6,850/6,870.
- * Watch these 2 levels again today.
- * A break below 6,710 can target 6,650/6,640.
- * A break above resistance at 6,850/6,870 targets 6,900/6,915, perhaps as far as 6,930/6,935.
- * Throughout February we held inside of January & December’s range of 6,720 to 7043
- * Until we breakout of this range it is increasingly tough to find opportunities.
- * Bulls need prices above 6,930/6,940 for a chance to retest last week’s high at 6,975/83.
Nasdaq futures.
- * Emini Nasdaq March futures broke support at 24,600/24,500 this time but recovered quickly before reaching support at 24,200/24,000.
- * Longs need stops below 23,850 if tested today.
- * There seems to be some resistance at 24,780/24,850.
- * A break higher can target resistance at 24,900/25,000.
- * Bulls need a break above 25,100 for a more positive outlook this week, initially targeting 25,350/25,450.
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
20260304
