Nasdaq futures are currently testing the 200-day moving average, a key long-term support level that the price has recently attempted to break below.
At the same time, both RSI and Momentum are showing bullish divergence — price made a lower low while indicators formed higher lows, suggesting that downside momentum may be weakening.
Price is now attempting to stabilize around this support area, and a move above recent highs could signal the start of a short-term recovery.
However, if the 200 MA fails to hold, the correction could extend further as the market searches for the next support zone.
Disclaimer:
This analysis is for educational purposes only and reflects personal market observations. It does not constitute investment, financial, or trading advice. Always conduct your own research before making trading decisions.
At the same time, both RSI and Momentum are showing bullish divergence — price made a lower low while indicators formed higher lows, suggesting that downside momentum may be weakening.
Price is now attempting to stabilize around this support area, and a move above recent highs could signal the start of a short-term recovery.
However, if the 200 MA fails to hold, the correction could extend further as the market searches for the next support zone.
Disclaimer:
This analysis is for educational purposes only and reflects personal market observations. It does not constitute investment, financial, or trading advice. Always conduct your own research before making trading decisions.
Quant Developer | Pine Script v6 | Python & R
12+ yrs system. trading, hedge fund experience
Indicators, strategies & screeners
Futures & options
💼 Hire/Consulting:
qntly.com/hire
🎓 Pine Code With AI:
qntly.com/pineai
12+ yrs system. trading, hedge fund experience
Indicators, strategies & screeners
Futures & options
💼 Hire/Consulting:
qntly.com/hire
🎓 Pine Code With AI:
qntly.com/pineai
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.
Quant Developer | Pine Script v6 | Python & R
12+ yrs system. trading, hedge fund experience
Indicators, strategies & screeners
Futures & options
💼 Hire/Consulting:
qntly.com/hire
🎓 Pine Code With AI:
qntly.com/pineai
12+ yrs system. trading, hedge fund experience
Indicators, strategies & screeners
Futures & options
💼 Hire/Consulting:
qntly.com/hire
🎓 Pine Code With AI:
qntly.com/pineai
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.