Stock markets: Emini S&P March hit my 3810/00 target

Emini S&P March hit my 3810/00 target with a low for the day exactly here.
Nasdaq March lower as predicted to my next target of 11100/11000 with a low for the day exactly here.
Emini Dow Jones March collapsed as expected after the sell signal, hitting my target of 32850/750, with a low for the day just a little below at 32686.
Remember when support is broken it usually acts as resistance & vice-versa.

Jason Sen DayTradeIdeas.co.uk

Daily analysis

Emini S&P March collapsed as predicted to my 3810/00 target with a low for the day exactly here.

Again, gains are likely to be limited with strong resistance at 3875/95. Shorts need stops above 3905. A break higher however can target strong resistance at 3955/75. Shorts need stops above 3985.

A break below 3795 can target 3780 & 3740/35.

Nasdaq March made a low for the day exactly at my next target of 11100/11000. Gains are likely to be limited with strong resistance at 11300/350. Strong resistance at 11530/590. Shorts need stops above 11700.

Minor support at 11100/11000 but a break lower eventually can target 10850/750.

Emini Dow Jones collapsed again as predicted to my target of 32850/750. I was wrong about longs being risky! We have bounced to strong resistance at 33250/33300. Shorts need stops above 33350. Strong resistance at 33550/600. Shorts need stops above 700.

Shorts at 33250/33300 can target 33050 & 33950/900. Further losses retest 32700/680. A break lower targets 32500/450 then 32100/32000.

Author

Jason Sen

DayTradeIdeas.co.uk

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.

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