Nasdaq Futures are holding really well for the following:-
Bullish Case reasons 1. Heavy Volume of 773K today with the hammer formation. 2. We are still holding 50 Day EMA 3. We are still above the Anchored VWAP.
Bearish ONLY IF :- 1. nasdaq closes bellow 50-Day EMA.
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As long as we are holding 50-day EMA on daily timeframe, the futures are going to go up. If it closes bellow the daily 50 EMA then we need to look for more downside.