Advertising
Advertising
twitter
youtube
facebook
instagram
linkedin
Advertising
Advertising
Aa
Share
facebook
twitter
linkedin

Table of contents

  1. Today's Analysis.

    Emini S&P December rocketed back to my selling opportunity at 4660/65. Shorts here worked perfectly with a high for the day just 4 points above & an over night collapse to 4582 as I write. Outlook remains negative after last week's bearish engulfing candle.

    Nasdaq December unexpectedly shot higher to strong resistance at 16400/450. Shorts here worked perfectly with a high for the day here as we sell off towards 16200.

    Emini Dow Jones December shot higher towards strong resistance at 35300/350 but we only reach 35234. Outlook remains negative.

    Update daily at 07:00 GMT.

    Today's Analysis.

    Emini S&P holding below 4600/4395 in what looks like a developing bear trend keeps the pressure on to test very strong support at 4560/50 & also the measured target for the completed head & shoulders sell signal. Therefore worth trying longs with stops below 4540. A break lower however is a sell signal targeting 4505/00.

    First resistance at 4625/30 but above 4635 can retest our selling opportunity at 4660/65. Try shorts with stops above 4670. A break higher targets 4685/90.

    Advertising

    Nasdaq December minor support at 16200/150 but outlook is more negative after the weekly bearish engulfing candle. A retest of last week's low at 16000/15988 is likely. A break below here is an important sell signal, expected to target support at 15880/830. This is likely to hold the first test although longs could be risky. A break lower sees 15830/880 act as resistance to target 15700 & 15600/550.

    Strong resistance at strong resistance at 16400/450. Stop above 16470. A break higher is a buy signal targeting 16550/580.

    Emini Dow Jones December broke support at 34800/750 this morning so holding below here targets 34550 & the measured target for the head & shoulders at 34450/350 (hit this morning exactly as I write) & as far as the 200 day moving average at 34250/200. Longs look risky. Eventually we could reach strong support at 33700/650. Longs need stops below 33500.

    Gains are likely to be limited with first resistance at 34750/800 but above 34850 opens the door to 35000/100, perhaps as far as strong resistance at 35300/350. Try shorts with stops above 35450

    emini s p december rocketed back to my selling opportunity at 4660 65 shorts here worked perfectly with a high for the day just 4 points above an over night collapse to 4582 as i write grafika numer 1emini s p december rocketed back to my selling opportunity at 4660 65 shorts here worked perfectly with a high for the day just 4 points above an over night collapse to 4582 as i write grafika numer 1

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

    Advertising

    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


    Advertising
    Advertising