Our July 30 analysis flagged 27,033.21 (the 200 MA) as the level to watch, and we need to look at NQ again because we saw a huge green candle for the 30 July session. NQ rallied 3.8% off that support zone and now we are at a point where the bulls are either going to Read More…
Introduction NQ has gone through a full cycle this year — a spring correction, a powerful V-shaped recovery to new highs, and now a sharp pullback that’s erased a meaningful chunk of the summer rally. Rather than forcing a single high-conviction call, this is a good spot to lay out the weighted scenarios, since the Read More…
Introduction This is a follow-up to the 17 July analysis. NQ broke below the support of the triangle and the 50 MA, and if we extend the target line, it brings $28,000 into play. As traders, we need to think in probabilities because nothing is certain in the markets, so let’s take a look and Read More…
Introduction This is a follow-up to the 14 July analysis, where a close below 29,300 was flagged as the trigger for a deeper pullback, with 28,900 as the first target and the 200-day MA further below that. That scenario has now played out and gone further than the initial target — NQ closed at 28,707.50 Read More…
Introduction NQ closed at red to start the week off, below its 50-day moving average (29,801.12) for the first time since this leg of the rally began. Price also dipped as low as 29,303.25 intraday, testing the rising trendline off the recent triangle before bouncing back. Combined with a bearish MACD reading, this is the Read More…
Introduction Nasdaq 100 futures are still consolidating below their June highs, but the structure on the daily chart is starting to take shape. Price closed at 29,718.75, holding just above the rising 50-day moving average after bouncing off a fresh swing low earlier this week. The bigger question is whether this is basing for another Read More…
