Daily analysis by DayTradeIdeas - 18/10/2023| FXMAG.COM

A break higher is a buy signal targeting 4480/85 then 4510/15.

Shorts at 4435/45 target 4400/4390 then 4375/4365. If we continue lower look for 4340/35. A break below here targets 4300/4290, perhaps as far as 4270/65.

Nasdaq December futures meets important trend line resistance again at 15300/350. This has held for the last 3 days but no sell off yet.

Shorts need stops above 15390. A break higher retests last week's high at 15460/470. A break above here can target 15520 then 15580/620.

Shorts at 15300/350 target 15150/15100, perhaps as far as 15050/15000.

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Emini Dow Jones December tests strong resistance again at 33900/34100. Shorts needed stops above 34250. Unfortunately we ran as far as 34305 then reversed.

I do not know what to make of this today.

If we continue higher look for 34400/450 & even 34600/650 is possible.

However holding below 33900 targets 33700/650. A break below 33600 then targets 33350/300.

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

Daily analysis by DayTradeIdeas - 18/10/2023

Jason Sen

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