Overview and Market Sentiment:The NASDAQ 100 futures (NQ) have been in a strong long-term uptrend, gaining 22% for one year, but the recent pullback is raising caution among traders. The daily chart shows a technical retracement after reaching an All-Time High (ATH) earlier in the summer, and now the price is testing key support levels. Read More…
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…
Understanding the Recent Surge in NASDAQ and US Equity Markets Over the past week, the NASDAQ and other US equity markets have surged. This rally can be attributed to favorable economic data, strong corporate earnings, historical market patterns, and legislative support. One of the primary drivers behind the market’s recent strength is the softer inflation Read More…
Recap Two weeks ago, we looked at GC and the potential for price to first, fall within the support zone then bounce out of it. Gold rallied 1.57% on Wednesday, surging out of the support zone with tremendous conviction, but the question is whether we see the price testing the support zone again in the Read More…
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…
The bearish target below $11,000 has been reached. Using Fibonacci Retracements to set potential bearish targets. Analyzing the yearly NQ chart alongside quantitative easing. 3 indicators to pay close attention to. Bearish Break Of Consolidation Zone We have been monitoring the consolidation zone on NQ now since the middle of November. Price remained in a Read More…
