Analysing Emini S&P, NASDAQ And Emini Dow Jones

Analysing Emini S&P, NASDAQ And Emini Dow Jones

Emini S&P MARCH we wrote: bounced to my first target of 4260/70. In fact a high for the day exactly here. However there is a good chance that is is only a pause & eventually we continue higher towards 4300/10, perhaps as far as strong resistance at 4360/80.

Nice call as we paused for quite a long time at 4260/70 but eventually broke higher as predicted as far as strong resistance at 4360/80 with a high for the day exactly here.

Nasdaq MARCH we wrote: We have held the 23.6% Fibonacci level of 13850/950 but I think this is just a pause . Eventually (hopefully today) a break above 14000 signals further gains to minor resistance at 14070/080 then 14350/360.

Higher as predicted & on the way to 14350/360 I think.

Emini Dow Jones MARCH we wrote: longs at strong support at 32400/300 worked perfectly with longs winning huge sums on the bounce to resistance at 32900/33000....but I think this is just a pause . Eventually (hopefully today) a break above 33400 signals further gains to 33600 before strong resistance at 33900/34000.

Did you run the long from 32400/300 all the way up to 33900/34000 for a huge 1500 tick gain?

Update daily at 07:00 GMT.

Today's Analysis.

Emini S&P higher as predicted & straight to my target & strong resistance at 4360/80 with a high for the day here for a perfect call on Friday! A break higher certainly possible on Monday to target 4420/30, perhaps as far as strong resistance at 4450/60. Shorts need stops above 4470. A break higher targets 450/4510, perhaps as far as resistance at 4530/40.

Holding strong resistance at 4360/80 risks a slide to 4325/20 before strong support at 4275/65. Longs need stops below 4250. A break lower however targets 4220/10, perhaps as far as important support at 4195/4185.

Nasdaq can target minor resistance at 14350/360 before very strong resistance at 14400/450. A high for the day is expected - shorts need stops above 14500. A break higher however is a buy signal targeting 14800/850.

Strong support at 13950/850 but longs need stops below 13750. A break lower targets 13600/550 before a retest of important longer term support at 13000/12900. Longs need stops below 12800. A break lower however could send prices down another 1000 points eventually.

Emini Dow Jones longs at strong support at 32400/300 worked perfectly for up to 1500 ticks profit on the run to strong resistance at 33900/34000. Shorts need stops above 34150. A break higher targets 34500, perhaps as far as strong resistance at 3500/35100.

Holding strong resistance at 33900/34000 targets 33300/33200. Longs need stops below 33000. Again strong support at 32400/30. A break below 32000 is then a very important longer term sell signal & could see 750 tick losses almost immediately.

To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk

No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.

Jason Sen

Jason Sen

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason used technical analysis throughout his trading career and formed Daytrdeideas.co.uk which established itself as the leading provider of daily technical analysis to independent and professional traders within the investment bank community. He advises dozens of traders at up to 15 major investment banks and hedge funds on market movement throughout each trading day on The Bloomberg Professional® service. Jason Sen also provides trade ideas with entry, exit and target levels on Telegram & in daily reports to retail traders. daytradeideas.co.uk