Daily analysis by DayTradeIdeas - 15/06/2022| FXMAG.COM

First resistance at 3770/80 then of course we have a sell opportunity at 3800/10 on any bounce - stop above 3825.

Nasdaq JUNE broke the May low at 11491 as predicted for an obvious sell signal targeting 11200/100 (a low for the day exactly here) then very strong support at 10800/700. This will be key to direction over the summer & a break lower will be disastrous.

Gains are likely to be limited in the bear trend with first resistance at 11450/500. Unlikely but if we continue higher expect very strong resistance at 11600/650.

Dax broke strong support at 14200/150 to target 13900/800 & 13600/550 then 13480/430 yesterday before a retest of very strong support at 13250/150. A low for the day exactly here but longs need stops below 13000. A break lower is a very important medium term sell signal initially targeting 12700/600.

Longs at very strong support at 13250/150 target 13450/500 (about 50 ticks away as I write over night), perhaps as far as resistance at 13650/750.

FTSE broke strong support at 7320/00 for another sell signal targeting 7225/15 & important support at 7140/20. A LOW FOR THE DAY EXACTLY HERE! Longs need stops below 7080. A break lower is an important sell signal targeting 7000/6990 & 6900/6875 (just to start).

A bounce from strong support at 7140/20 targets 7170/90 (hit), perhaps as far as 7250/80 today for profit taking. Further gains meet strong resistance at 7330/40.

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