Jason Sen (DayTradeIdeas) talks Dax and UK 100 - 26/10/22

Dax and FTSE 100
Today's Analysis.

Dax and FTSE 100

Dax 40 December futures shorts at resistance at 12900/950 offered a little profit on the slide to 12804, but we did not reach support at 12780/740.

FTSE 100 December bouncing around with no clear direction.

Today's Analysis.

Dax December has now bounced back above resistance at 12900/950 & could target 13200/250. We should struggle to beat this level here today but shorts are probably too risky. If we continue higher look for 13370/380.

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Strong support at 12950/900. Longs need stops below 12850.

FTSE December bounces back to resistance at 7000/7020. A break above this week's high at 7054 targets strong resistance at 7110/20.

First support at 6900/6880.

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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Table of contents

Dax and FTSE 100

Today's Analysis.

Jason Sen

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