Prices rally through minor resistance 38% Fibonacci target level reached Bullish Engulfing Candle forms on the Weekly Chart Bullish Weekly Engulfing Candle Last week’s trade saw a bullish engulfing candle close on NQ after three consecutive weeks of red candles. The entire candle has traded below and above the previous week’s trading range and closed Read More…
Tag: E-mini Nasdaq 100 (NQ) futures
Technical Outlook: E-mini Nasdaq 100 Futures (NQ)
A bullish breakout has occurred above the minor consolidation zone Bearish and Bullish Targets Clearly Defined A Gap opens at $12,349.25 Bullish Breakout The minor consolidation referenced in our previous technical outlook has been broken to the upside and is trading above the Fibonacci 50% level. For Bulls, the next target to watch is the Read More…
E-mini Nasdaq 100 (NQ) Futures: Upbeat US Services Sector Data Bolsters Fed’s Policy
August saw an expansion in the US services sector. The Fed will continue raising rates as the US economy steadies. Benchmark US Treasury yields rose to the highest level since June. The E-mini Nasdaq-100 (NQ) futures price closed down as traders analyzed recent economic data amid choppy trading. Tuesday marked the first session following the Read More…
E-mini Nasdaq-100 (NQ) Futures: Sentiment Remains Neutral Ahead of Nonfarm Payrolls
Job openings in the US rose to 11.239 million in July. US Consumer confidence increases in August. Investors are expecting a 75bps rate hike from the FED in September. Following yesterday’s hold of support, E-mini Nasdaq-100 (NQ) futures opened the day in a positive frame of mind following Powell’s address at Jackson Hole last Friday. Read More…
NASDAQ 100 (NQ) Futures remain Bearish
Head and Shoulders pattern on the 2H time frame The bear flag pattern is still in play Bullish morning star pattern on daily As a continuation of our analysis on NQ yesterday, Monday’s session gave us no signal that bearish sentiment is reversing. In fact, looking at the 2-Hour time frame, a Head and Shoulders Read More…
NASDAQ (NQ) Futures Dip 4% On Friday
Trend Channel retested after Initial Breakout 50% Fib Level holding support Potential Flag formation on the hourly chart Long Term Outlook As we know from the previous analysis done on August 22nd, NQ was in a strong upward channel but broke to the downside. The downward move accelerated on Friday, falling over 4% and then Read More…