TradesByAdvait

Very High Chance of testing 50 Day EMA

CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Nasdaq futures had a down day today which was perfect with the expectations that the markets were over bought since the recent lows. In the daily time frame there are very high chances that they will test the 50 day EMA level around 15,130 since that is the major support which is nearest to the price right now. Very high chances of having an inside day tomorrow.
Comment:
Anything in the green zone in above shown chart will be a buying chance

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.