Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
15 May
Emini S&P futures.
- * Emini S&P June futures higher as expected with a new all time high now at 7540.
- * We should find support at 7455/7445 & longs need stops below 7430.
- * Just be aware that a weekly close below 7430 starts next week on a slightly less positive outlook & risks a slide to 7410/7400, perhaps as far as 7370/7360…but probably no further.
- * A break above 7540 can target 7570/75 then 7590/7595, perhaps as far as 7610.
Nasdaq futures.
- * Emini Nasdaq June futures longs at my first support at 29480/380 worked perfectly with a low for the day exactly here.
- * We shot higher again as predicted to hit my next target of 29720/780 & a new all time high exactly here at 29782.
- * A nice easy profit of around 300 ticks for the day.
- * If we continue higher today look for 29950/30000.
- * First support again at 29480/380 & longs need stops below 29300.
- * A break lower however risks a slide to minor support at 29100/29000…with strong support at 28850/750 & longs need stops below 28650.
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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
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