The Nasdaq Futures NQZ2023 is at a pivotal point right now. The support is at 14,802, which happens to be a Pivot level S1, and the same level coincides with the 100-day EMA Daily chart. Look closely at these levels. If these levels start breaking down, then there are a lot of downsides ahead.
On the flip side, since we have been selling off for two days if the S1 level of 14,802 HOLDS, then look for upside intraday.
Tomorrow can also be a rest day or inside day since it is a Friday and options expiration day.
Hope this helps to provide a good perspective.
Thanks.
On the flip side, since we have been selling off for two days if the S1 level of 14,802 HOLDS, then look for upside intraday.
Tomorrow can also be a rest day or inside day since it is a Friday and options expiration day.
Hope this helps to provide a good perspective.
Thanks.
