Introduction Following strength in other US equity markets, the Nasdaq 100 E-mini futures continue to show strong momentum after the aggressive recovery from the April lows. Following the sharp selloff during March and early April when the crisis in the Middle East was at its highest, buyers stepped back into the market and pushed NQ Read More…
Introduction NQ has gone from looking vulnerable a few weeks ago to becoming one of the strongest markets on the board again. The rebound from the April lows has been extremely aggressive. Price reclaimed the 200-day moving average, pushed through the 50-day shortly after, and the MACD is at an all-time high. Since then, the Read More…
Introduction NQ has staged a very aggressive V-shaped reversal, rallying from the ~23,000 lows back toward 26,500+, approaching the all-time high (~26,863). This is a big difference from a few weeks ago when NQ was sitting at a one-year low. Just recently, the market was breaking down, showing weakness and uncertainty. Now, it’s back within Read More…
Introduction Nasdaq futures have bounced 10% from their recent low after the news of a ceasefire in the Middle East. This has given the bulls a boost as price is currently trading above both the 50 and 200 moving average. There was a recent death cross where the 50 moved below the 200, but as Read More…
Introduction Nasdaq futures (NQ) are currently in a difficult position, sitting just above a key support zone near 24,500, while remaining below the 50 and 200-day moving averages. The market is mostly consolidating at this period of uncertainty surrounding the war in the Middle East. Positioning correctly is not very easy in these conditions because Read More…
Introduction In the February 13 analysis, NQ had rejected off the all-time highs, forming a double top. Since then, price action has confirmed rejection from that zone. Momentum is stuck now and there is a fight between the bulls and the bears. The market is ranging now, but as long as the price does not fall Read More…
