Technical Analysis

NASDAQ Futures (NQ) Surge Incoming?

Price Action and Trend NQ, like all other equity markets, has been in a strong uptrend since October 2023. However, we’ve recently seen a sharp pullback from the all-time high of around 20,983.00, and now could be the time to look to take long positions. Support and Resistance Moving Averages The price is currently between Read More…

Nasdaq 100 futures (NQ)
Technical Analysis

NASDAQ Futures (NQ) Bearish Divergence?

Introduction The Nasdaq 100 futures are currently trading around 18,876.75. Over the past month, the index experienced a gain of approximately 5.76% since late April​ (Barchart.com)​. This performance is driven by strong corporate earnings from major tech companies like Nvidia and Microsoft, which have posted better-than-expected results. Nvidia’s surge of 9% following earnings and optimistic Read More…

Nasdaq 100 index futures (NQ)
Market Overview

Nasdaq Futures Jump as NVIDIA reports earnings

Nasdaq futures jumped approximately 2% Thursday morning following a strong earnings report from Nvidia, a leader in AI chip design. The company exceeded Q4 revenue expectations and projected Q1 revenue to triple, fueled by robust demand for its artificial intelligence chips.  In premarket activity, Nvidia shares skyrocketed 12.9%, poised to add over $200 billion to its market Read More…

Technical Analysis

How the Dow Jones Futures (YM) have diverged from the rest of the market

Breaking down how the dow jones diverged from other market indices last year. Analyzing the symmetrical triangle formation on the daily time frame. A true story about a trader who turned $5,000 into $15,000,000 in seven years. Quick Breakdown The Dow has been trading sideways for the majority of this year, remaining unchanged so far. Read More…

Nasdaq 100 index futures (NQ)
Technical Analysis

Nasdaq Futures (NQ) Sink After Trend Line Test

Price finds resistance at the year-long trend line once more. Yesterday’s session forms a bearish candle, but bulls appear to still be in control. Why the market rally we have seen recently is purely fundamental. Year Long Trend Line Strikes Again The trend channel we have discussed so many times in the technicals has proven Read More…