Dax retests & holds the low so far at 11435. A break lower targets 11400/380, 11320/300 & below 11280 risks a slide as far as support at 11180/170. Bulls need a double bottom at 11435/425 to trigger a recovery targeting 11485/495 & first resistance at 11520/530. If we continue higher look for 11580/590 & minor … Continued
Jason Sen began his trading 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. Trading financial markets is all he has ever done, every day for over 30 years.
Jason has used this experience to advise traders at the largest global investment banks, brokers & prop trading companies, including Deutsche Bank, Citibank, Morgan Stanley, Bank of America, VTB Capital, Bourse de Montreal, Intertrader, Marex Spectron, Tower Trading Group & IBI Investment House. He provides pin point entry, exit and target levels for day traders to give them the edge, helping them to maximise profits and minimise losses. The exact same written & video analysis is now available to independent traders, delivered every trading day of the year by 3am GMT.’
Dax is holding what is now resistance at 11700/720 on the bounce to re-target 11650 & 11610/600. Further losses target 11550/560 perhaps as far as 11470/460 before a retest of the low so far at 11435. A break lower targets 11400/380, 11320/300 & below 11280 risks a slide as far as support at 11180/170. Bulls … Continued
Emini Dow Jones minor resistance at 25370/390 then strong resistance at 25550/580. Shorts need stops above 25600 for the next target of 25740/750 & strong resistance at 25880/920. Very minor support at 25285/255 before the low at 25050/030. Best support at 25000/24900 so a break below 24800 is a sell signal targeting important support at … Continued
Emini S&P topped exactly at key trend line resistance at 3030/3040 making a new all time high on Friday. Obviously this is the most important level of the week. A sustained break higher is a buy signal despite overbought conditions, for 3046/48, 3056/60 & 3070/74. Failure to beat 3030/3040 triggers profit taking to 3019/17 (& … Continued
WTI Crude quickly collapsed back below 5695/5705 signalling losses to 5660/55, first support at 5630/20 then 5580/70 & 5540/30. We bottomed exactly here but further losses target 5500 before support at 5470/60. A break below 5440 is a sell signal targeting 5405/00, 5380/70, 5350/40 & perhaps as far as 5310/00. Gains are likely to be … Continued