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…
Introduction Nasdaq 100 futures continue to hold up well after their strong spring rally, even as the index takes a breather below its recent all-time highs. NQ ran from roughly 24,000 in April to a high near 31,000 by early June, and price has spent the last month digesting that move rather than reversing it. Read More…
Introduction Nasdaq futures are consolidating after the explosive rally from the April lows. Since our previous analysis, buyers have successfully defended the 50-day moving average, but they have also struggled to produce a decisive breakout above the 30,800–31,000 resistance zone. Instead of seeing either buyers or sellers take control, NQ has moved into a triangle Read More…
Introduction Nasdaq futures have finally seen the pullback that we discussed in our previous analysis. Back on May 21, we highlighted the bearish divergence developing on the MACD and noted that while the trend remained bullish, momentum was beginning to slow. Since then, that scenario has largely played out. After making fresh all-time highs above Read More…
