NQ is only 200 points away from its yearly lows. The momentum indicator is firmly in the negative. Why it could be time to sit on our hands. Recap of last week’s analysis We pointed out the potential bearish target of $11,592.75, which was our 78% Fibonacci level. It was a clear target for bears, Read More…
Investors keen on the Fed minutes on Wednesday at 13:00 CT The E-mini Nasdaq (NQ) futures is up 23% from the June 16 lows Bulls seem to be in control, with $14, 200 as the target Since the Nasdaq made its lows on June 16th, we have seen a strong move to the upside with Read More…
Central bank chiefs are committed to taming inflation despite the economic consequences. Investors worry that Q2 will be just as bad as Q1. The bears are dominating the market on the 4-hour chart. E-mini Nasdaq 100 (NQ) futures outlook today is bearish as investors’ risk sentiment has dried up amid recession worries. At a meeting Read More…
A recession is looming over the world’s largest economy. Markets are trying to keep up with the Fed’s rate hikes outlook. The price of NQ retests the 11500.00 level and could hit 11250 soon. The world’s largest economy is facing a possible recession, which has caused panic among investors, pushing Nasdaq 100 (NQ) futures below Read More…
Oil supply concerns were reduced this morning, pushing the index higher. Positive US data has eased recession fears among investors. Crude oil inventory data from the US could move the index later in the day. Bulls could push prices to 13000 in the charts. The Nasdaq 100 index (NQ) futures closed lower on Wednesday, as Read More…
Nasdaq 100 index (NQ) faces bearish pressure with a 27% loss from year to date. Tech giants have seen a shift in their positions amid the recent meltdown. Fed’s aggression to curb inflation seems not to work. So rate hike plan may be fueled by the Fed. The Nasdaq 100 index (NQ) futures were expected Read More…
