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

 

Nasdaq shot higher to 7131/33 & topped 3 points from 7142/44.
Above 7148 targets 7164/66.
Holding below 7039/37 as I write 7032 targets 7010/05 before strong support at 6978/73.

 Longs need stops below 6965. First resistance at 7037/39 but above 7050 targets 7070/75, 7095/97 & 7105/08.

Above 7110 look for 7131/33.

DISCLAIMER

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.