Gold sell signal – GBP/USD buying opportunity [Video]

Jason Sen DayTradeIdeas.co.uk

US Index futures trading levels & signals for Wednesday.

Emini S&P futures broke strong support at 6850/40 for a short-term sell signal targeting 6810/05.

We fell as far as 6748 over night.

There is potential support at 6780/6760 & longs need stops below 6740.

A break lower targets 6720/15, perhaps as far as 6680/70.

Bulls need a break above 6805 to regain some control today targeting 6822/27 before resistance at 6845/6855.

A break above 6855 can target 6773/78.

Emini Nasdaq broke strong support at 25600/550 & longs were stopped below 25450.

Holding resistance at 25500/25600 today keeps short-term pressure to the downside targeting a buying opportunity at 25100/24900.

Longs need stops below 24750.

A break lower targets 24600/24550.

Targets for the longs at 25100/24900 are 25250/300 & resistance at 25500/600 for profit taking.

Shorts at resistance at 25500/600 stop above 25650. A break higher can target resistance at 25850/25890.

Shorts need stops above 26000 & a break above here is a buy signal.

Emini Dow Jones futures broke support at 47530/430 to hit the next downside target of 47100/47050.

This should be support for today but longs need stops below 46900.

On a break below 46900 look for 46650/46550.

We should have strong support at 46500/46400, with a low for the correction possible here but longs need stops below 46250.

Author

Jason Sen

DayTradeIdeas.co.uk

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