Jason Sen
DayTradeIdeas.co.uk
- Emini S&P SEPTEMBER held inside of Thursday’s range.
Last session high & low were: 6369 – 6426 - Emini Nasdaq September creeping higher towards the all time high at 23800/23845.
Last session high & low were: 23503- 23767.
Emini S&P September futures.
- Emini S&P remains stuck in a range from 6468 down to 6240/6220 since 1st July – about 5 weeks & really I need to wait for a breakout of the range.
- Short term support at 6402/6398 & again at 6387/83.
- Resistance at 6425/30 has held for 2 days but a break higher can retest the all time high at 6454/57.
- Obviously a break above would be a buy signal if sustained.
Nasdaq September futures
- Emini Nasdaq break above Thursday’s high at 23671 can retest the all time high at 23800/23845.
- A break higher targets 23960/990 then 24150/200.
- Support at 23600/500 & longs need stops below 23400.
The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.
Recommended content
Editors’ Picks
EUR/USD strengthens to above 1.1650 on ECB’s cautious stance
The EUR/USD pair climbs to near 1.1675 during the early European session on Monday. The Euro strengthens against the US Dollar due to a potential meeting between US President Donald Trump and Russian President Vladimir Putin on Friday to end sanctions. Traders await the US Consumer Price Index data for July, which is due later on Tuesday.
GBP/USD consolidates just below mid-1.3400s; bullish potential seems intact
The GBP/USD pair kicks off the new week on a subdued note and consolidates its recent goodish recovery gains from the 1.3140 area, or the lowest level since April 14, touched earlier this month. Spot prices trade just below mid-1.3400s during the Asian session, nearly unchanged for the day, though the fundamental backdrop seems tilted in favor of bullish traders.
Gold price declines amid risk-on sentiment despite Fed rate cut expectations
Gold price kicks off the new week on a weaker note, while a positive risk tone undermines safe-haven assets. Rising Fed rate cut bets prompt fresh USD selling and offer some support to the non-yielding yellow metal. Traders now look forward to the release of US inflation figures this week to determine the near-term trajectory.
Bank of England cuts rates in dramatic meeting
The Bank of England has cut rates by a further 25 basis points to 4% but the statement hints that officials think the easing cycle is nearing its end. Policymakers are visibly worried about a more persistent bout of inflation as the headline number is way higher than target.
Best Brokers for EUR/USD Trading
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you’re a beginner or an expert, find the right partner to navigate the dynamic Forex market.
Forex MAJORS
Cryptocurrencies
Signatures
Best Brokers of 2025
Open Account
${broker.disclosureMessage === ” ? `
` : `
`}
`;
}
function brokerRatingTemplate(broker, idSuffix = “”) {
return `
${broker.accountConditions}
${broker.toolsResources}
${broker.customerServiceSupport}
${broker.tradingSettings}
${broker.userExperience}
${broker.reviewUrl ? `
Read Review
` : ”}
${broker.disclosureMessage === ” ? `
` : `
`}
`;
}
// Ensure only one disclosure is open at a time
function setupDisclosureToggle() {
const checkboxes = document.querySelectorAll(‘.disclosure-checkbox’);
checkboxes.forEach(checkbox => {
checkbox.addEventListener(‘change’, function() {
if (this.checked) {
checkboxes.forEach(cb => {
if (cb !== this) cb.checked = false;
});
}
});
});
}
// Call this after rendering broker cards
if (typeof window !== ‘undefined’) {
window.addEventListener(‘DOMContentLoaded’, setupDisclosureToggle);
}
// If broker cards are rendered dynamically, call setupDisclosureToggle() after rendering
// Render both lists
configs.forEach(({ selector, idSuffix }) => {
const brokerList = document.querySelector(selector);
if (!brokerList) return;
const loopIndex = desiredIndex === 0 ? 3 : 4;
const template =
desiredIndex === 0
? brokerRatingTemplate
: (b) => brokerCardTemplate(b, idSuffix);
let htmlBrokerList = “”;
for (let i = 0; i < loopIndex; i++) {
htmlBrokerList += template(brokersData[i], idSuffix);
}
brokerList.innerHTML = htmlBrokerList;
});
})();
Source: https://www.fxstreet.com/news/us-stock-markets-to-retest-the-all-time-highs-202508110554