Introduction NQ has been surging for the majority of this year, now up 47% from the lows back in November 2022. Nasdaq is only 7% away from testing all-time highs, so the bull market is in full swing, no matter what the mainstream would like to call it. Technical analysis 100 & 50 MA: The 50 Read More…
Technical Recap The last time we did technicals on NQ was June 9th. Bulls looked steadfast on hitting the 78% Fib level at $15,147, which has officially happened. The Nasdaq rallied 8% since June 9th, and doesn’t look like it’s slowing any time soon. Targets From here, there is very little evidence for a bearish Read More…
Price action If we look at the weekly time frame, the chart almost looks vertical. NQ has rallied hard, with big tech stocks like Apple hitting new all-time highs. It shows you that even in an environment of high-interest rates, the market can still do strange things. Sticking to technicals is the way forward. Weekly Read More…
Technical analysis NQ has begun a small consolidation move for the past few days. It appears the pullback may be in or the market could also be forming a flag at the moment. There are trade opportunities, but we need to be mindful that if we do go long in this market that the pullback Read More…
Technical analysis Nasdaq futures have been showing a strong bullish momentum, as the price action continues to make higher highs and higher lows. Currently trading at $13,000, the next significant resistance level is at $13,700, which was a major resistance level in 2022. The Relative Strength Index (RSI) is also supporting the bullish momentum, as Read More…
Bulls target $13,500 Nasdaq Futures have been on an uptrend since September 2022, with bulls targeting $13,500 as the 50% Fibonacci retracement level. The current price stands at $12,800, indicating a potential upside of nearly 5% from current levels. The Relative Strength Index (RSI) has been printing higher highs since September 2022, indicating the strength Read More…
