Technical analysis NQ has begun a small consolidation move for the past few days. It appears the pullback may be in or the market could also be forming a flag at the moment. There are trade opportunities, but we need to be mindful that if we do go long in this market that the pullback Read More…
Tag: E-mini Nasdaq 100 (NQ) futures
A fresh look at the powerful bullish momentum in Nasdaq Futures
Technical analysis Nasdaq futures have been showing a strong bullish momentum, as the price action continues to make higher highs and higher lows. Currently trading at $13,000, the next significant resistance level is at $13,700, which was a major resistance level in 2022. The Relative Strength Index (RSI) is also supporting the bullish momentum, as Read More…
Nasdaq (NQ) Futures Poised for bullish continuation
Bulls target $13,500 Nasdaq Futures have been on an uptrend since September 2022, with bulls targeting $13,500 as the 50% Fibonacci retracement level. The current price stands at $12,800, indicating a potential upside of nearly 5% from current levels. The Relative Strength Index (RSI) has been printing higher highs since September 2022, indicating the strength Read More…
Nasdaq (NQ) Futures: Technical outlook
NQ rallies, Dollar falls Nasdaq has rallied off the 0.236 Fib level at $11,967.50. There was a significant amount of support at this level even after we saw the Dow and Russell 2000 drop. ES and NQ have slightly decoupled from the other equity markets and are holding stronger for the time being. Outlook It Read More…
Nasdaq Futures chart poised for surge in bullish sentiment
The double bottom chart pattern is still in play from last week’s analysis. What happens if NQ does break below $12,200? Double bottom within double bottom can be seen on the smaller time frames. Technical recap Last week Monday, I stated how we can likely see a rally out of the support zone at $12,352. Read More…
Double bottom on Nasdaq (NQ) futures give bulls upper hand
A double bottom on the daily chart is driving bullish sentiment. Different entries and targets we can aim for and why shorts trades should be ignored for now. How can we use a simple stochastic entry method in a shorter time frame. Technical Analysis Double Bottom: NQ made a bottom back in October of last year, Read More…