Dax 40 bounced to very strong resistance at 14750/800 but ran as far as…

Dax 40 bounced to very strong resistance at 14750/800 but ran as far as…

14893 - I hope you managed to hold on the short for the collapse as far as 14000.

EuroStoxx 50 MARCH breaks important support at 3900/3880 to hit my first target of 3810/00.

FTSE 100 MARCH crashed as far as 7251 as Ukraine is attacked.

Update daily at 07:00 GMT

Today's Analysis.

Dax has crashed as far as my target & strong longer term moving average support at 14100/000. A break below 13900 should trigger significant moves to the downside, initially targeting 13750/710.

However a bounce from 14000 is certainly possible, initially targeting 14280/330, perhaps as far as resistance at 14500/550.

EuroStoxx broke important support at 3900/3880 initially targeting 3810/00 (hit) & perhaps as far as 3750/40.

Longs are very risky but I cannot rule out a bounce from 3810/00 to 3880/90. Further gains meet strong resistance at 3940/50.

FTSE crashed as far as 7251 as Ukraine is attacked. Strong resistance at 7315/40. Above 7350 however can target 7390/7400.

Further losses certainly are possible to 7190/80. Expect strong support at 7130/10.

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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