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  1. Today's Analysis.

    Emini S&P June broke above strong resistance at 4200/4210 & I have to take this as a buy signal.

    Nasdaq June beat resistance at the 100 week & 500 day moving averages at 13460/480 for a buy signal & we have hit my target of 13730/750 & as far as 13960.

    Update daily by 06:00 GMT.

    Today's Analysis.

    Emini S&P June beat the February & April high and the 100 week & 500 day moving averages at 4200/4210. I have to take this as a buy signal.

    Strong support at 4200/4190 today! We should also have strong support at 4170/60. Longs need stops below 4150.

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    On the bounce we target last week's high at 4227. Obviously bulls need a break above here to target 4250 & even 4280/85 this week in the short squeeze.

    Nasdaq June outlook remains positive of course & we are seeing a break above last week's high at 13960 to target 14250/300.

    However failure to hold above 13930 risks a slide to yesterday's low at 13820/800.

    Emini Dow Jones June made a high for the week at strong resistance at 33660/690 so we can try short here again this week. Shorts need stops above 33750. I would take a break above here as a buy signal targeting 33840 then 34000.

    Shorts at 33660/690 did target 33550/500 for some profit taking with a low for the day at 33394. Below here we could reach support at 33300/250. Longs need stops below 33150.


    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


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