Introduction Nasdaq futures have bounced out of the 29,000 support zone after testing the support zone (light blue zone). On the 3 September session price is 29,286. The first real resistance overhead is the 200-day moving average at 29,368, and above that we still have to deal with Friday’s high at 29,811. If the bulls Read More…
Introduction NQ has bounced off the EMA ribbon after a few days of sideways action. The ribbon spans 29,280.88 to 29,435.03 and has held through the pullback from the mid-August high. The measured target on this setup is 30,327, which is 701.75 points or 2.37% above current price, and sits where the descending trendline from Read More…
NQ is coiling in a rising wedge just under 30,000 after reclaiming the August 5 low near 27,215 with a sharp multi-day bounce. Price is now pressing against the top of a consolidation range. Trade Setup Bias: Long Entry: Close above 30,074 Stop: 29,600 Target: 31,000 Invalidation A close back below 29,600 negates the setup Read More…
Follow-Up: What Played Out Since July 31 We need to take a look at Nasdaq again because of the recent rally we have seen, which is a very strong v reversal. For those who regularly follow the technical analysis we post on our blog, you would know we were watching the 27,156 level very closely Read More…
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…
