Technical Breakdown Resistance Zone (22,264 – 22,425): MACD: Moving Averages: Outlook & Trade Setup: Term Bias Notes Short-Term (1–2 weeks) Cautious Bullish Price nearing ATH, but momentum is fading. Risk of rejection. Medium-Term (June–July) Bullish Breakout above ATH could trigger a run to 23,151 (R2) or 24,444 (R3). Long-Term Structural Uptrend Macro trend remains bullish Read More…
Technical Overview Resistance Zone & ATH Key Pivot Levels Pivot Zone Price ATH / R1 22,425.75 R2 23,151.50 R3 24,444.00 Pivot (neutral) 20,971.50 S1 (support) 20,084.00 It looks like its just a matter of time before the price breaks above the high but nothing is certain in markets so we have to wait and see. Read More…
Technical analysis Zones Bull & Bear Cases Bull Case (higher probability) Bear Case (moderate risk) Trade Ideas Breakout Buy Opportunity (Momentum Continuation) Support Bounce Buy (Mean Reversion) Trades to Avoid Final Outlook Timeframe Outlook Bias Commentary Short-Term Consolidation Neutral-Bullish Price digestion after strong run-up Medium-Term Uptrend intact Bullish Higher lows, reclaim of MAs, poised for Read More…
Current Market Snapshot: Chart Technicals Double Bottom Formation Emerging Downtrend Break Under Scrutiny Moving Averages 🐂 Bullish Scenario If NQ can break and close above the descending trendline and 19,000, we have a confirmed breakout of the short-term downtrend channel. Targets on the upside: This setup would turn the recent price action from a bounce Read More…
The NASDAQ 100 futures (NQ) are suffering a brutal decline along with all other US markets, closing at 16,613, down 5.28% for the session. This marks a cumulative drop of 26.67% from the February highs, officially placing the tech-heavy index in bear market territory. Lets take a closer look. Macro & Fundamental Backdrop The NQ Read More…
Introduction The NASDAQ 100 (NQ) has staged a strong short-term recovery from the 19,000 support zone, pushing back above the lower trendline of the long-term rising channel. This move follows a steep correction off the double top formation near 22,000. Technical Breakdown Chart Structure Bull vs Bear Case Bull Case: Bear Case: Trade Opportunities (Short-Term) Read More…
