Introduction Nasdaq 100 futures continue to hold up well after their strong spring rally, even as the index takes a breather below its recent all-time highs. NQ ran from roughly 24,000 in April to a high near 31,000 by early June, and price has spent the last month digesting that move rather than reversing it. Read More…
Introduction Nasdaq futures have finally seen the pullback that we discussed in our previous analysis. Back on May 21, we highlighted the bearish divergence developing on the MACD and noted that while the trend remained bullish, momentum was beginning to slow. Since then, that scenario has largely played out. After making fresh all-time highs above Read More…
Introduction Following strength in other US equity markets, the Nasdaq 100 E-mini futures continue to show strong momentum after the aggressive recovery from the April lows. Following the sharp selloff during March and early April when the crisis in the Middle East was at its highest, buyers stepped back into the market and pushed NQ Read More…
Introduction NQ has gone from looking vulnerable a few weeks ago to becoming one of the strongest markets on the board again. The rebound from the April lows has been extremely aggressive. Price reclaimed the 200-day moving average, pushed through the 50-day shortly after, and the MACD is at an all-time high. Since then, the Read More…
Introduction NQ has staged a very aggressive V-shaped reversal, rallying from the ~23,000 lows back toward 26,500+, approaching the all-time high (~26,863). This is a big difference from a few weeks ago when NQ was sitting at a one-year low. Just recently, the market was breaking down, showing weakness and uncertainty. Now, it’s back within Read More…
Introduction Nasdaq futures have bounced 10% from their recent low after the news of a ceasefire in the Middle East. This has given the bulls a boost as price is currently trading above both the 50 and 200 moving average. There was a recent death cross where the 50 moved below the 200, but as Read More…
