Dow Jones: A buying opportunity at 33900/800 [Video]

Emini S&P 500 June longs at first support at4460/50 worked perfectly on the run from 4445 up towards strong resistance at 4530/40.
Nasdaq June beat resistance at 14400/500 for a buy signal targeting 14650/680 (a high for the day exactly here yesterday) then 14820/870 Only 40 ticks away as I write over night).
Emini Dow Jones June reversed 58 ticks from strong resistance at 34850/950 to see a low for the day at strong support at 34250/150. If you managed to enter a long here, we shot higher to target 34400/450 before a test of this week's high at 34750/800 (hopefully today for profit taking).

Jason Sen DayTradeIdeas.co.uk

Daily analysis

Emini S&P 500 June longs at first support at 4460/50 hit the first target of 4490/4500 & retest this week's high at 4514. Expect strong resistance at 4530/40. Shorts need stops above 4555. A break higher retests the February high at 4575/78.

First support again at 4460/50. Longs need stops below 4430. A break lower targets 4405 & 4395, perhaps as far as strong support at 4370/60. Longs need stops below 4350.

Nasdaq June beat resistance at 14400/500 for a buy signal targeting 14650/680 & now 14820/870. If we continue higher expect strong resistance at 15100/15200. Shorts need stops above 15300.

Minor support at 14450/400. Better support at 14300/250. Longs need stops below 14200. Next target & strong support at 14050/14000. Longs need stops below 13900.

Emini Dow Jones June rockets from strong support at 34250/150 target 34400/450 before a test of this week's high at 34750/800. Strong resistance at 34850/950. Shorts need stops above 35150.

Strong support again at 34250/150 but below here can target 34050 then a buying opportunity at 33900/800 - longs need stops below 33700.

Premium

You have reached your limit of 3 free articles for this month.

Start your subscription and get access to all our original articles.

Subscribe to Premium Sign In

Author

Jason Sen

DayTradeIdeas.co.uk

EUR/USD hovers around nine-day EMA above 1.1800

EUR/USD gains ground for the second successive session, trading around 1.1820 during the Asian hours on Monday. The 14-day Relative Strength Index momentum indicator stands at 51 (neutral) after recovering above the midline, indicating stabilizing momentum.

GBP/USD gathers strength above 1.3500 amid tariff confusion

The GBP/USD pair gains traction to around 1.3520 during the early Asian session on Monday. The US Dollar faces some selling pressure against the Cable as tariff uncertainty lingers. Traders will take more cues from the US Producer Price Index report for January, which will be published later on Friday.

Gold climbs to fresh monthly high on trade war fears, geopolitical risks, weaker USD

Gold registered its highest-ever weekly close, above the $5,100 mark on Friday, and gains strong follow-through traction at the start of a new week. This also marks the fourth straight day of a positive move and lifts the commodity beyond the $5,150 level, or a fresh monthly peak, during the Asian session.

Cardano braces for impact as US tariff storm brews

Cardano is down 4% at press time on Monday, entering its third consecutive day of decline. Bearish bias in Cardano’s derivatives market positional buildup aligns with rising pressure on the broader cryptocurrencymarket amid US President Donald Trump's reassessment of global tariffs and domestic conflict with the US Supreme Court.

Liberation day take two, the tariff machine just changed gears

Let me caveat this from the outset. What we are watching is first-order mechanics, not the grand macro endgame. This is the market’s immediate reflex to a 15% Trump tariff levy dressed up as judicial drama. The Supreme Court blocked Trump tarrif hammer. The White House came back with a scalpel.

Top Crypto Losers: Zcash, Pump.fun, and LayerZero extended losses as Bitcoin loses $65,000

The cryptocurrency market starts the week in panic mode, with altcoins Zcash, Pump.fun, and LayerZero. Bitcoin falls below $65,000 as the US President Donald Trump regroups amid renewed trade policy risks.