A look at the E-mini S&P. Today’s Recap & Daily Forecast Chart from Jason Sen – Day Trade Ideas

 

Nasdaq gains are likely to be limited as bears take control with first resistance at 6865/70. Above 6880 however allows a further recovery to 6892/96, perhaps as far as 6917/20. Try shorts at 6955/60 with stops above 6975.
Best support at 6790/6780 but longs are definitely too risky & a break below 6770 targets 6755/50, 6735 & 6715/10. Below 6700 look for 6670/60.

Financial Markets and Political Commentary

 

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JASON SEN Began to study technical analysis in 2006 and established Daytradeideas, the leading provider of daily technical analysis to independent & professional traders within the investment bank community for Stock Index, Energy & Fixed Income products, advising 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 with trade ideas – entry, exit and target levels in daily reports published before the Futures markets open in Europe.