Nasdaq Futures ( NQ1! ), H1 Potential for a rise!
Type: Bullish bounce
Resistance : 14992
Pivot: 14681
Support : 14443
Preferred case: With price moving above the ichimoku cloud, we have a bias that price will rise to our 1st resistance at 14992 in line with the 100% Fibonacci projection from our pivot at 14681 in line with the horizontal overlap support and 38.2% Fibonacci retracement.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 14443 in line with the horizontal overlap support and 23.6% Fibonacci retracement.
Fundamentals: Concerning the average Nasdaq-100 company, the profitability is quite good with an ROE of 22.2%. There is enough cash and equity to cover the short term and long term liabilities respectively.
Price indicators are high, compared to historical and other sectors standards, we are optimistic about the Nasdaq-100 at the time being.
Resistance : 14992
Pivot: 14681
Support : 14443
Preferred case: With price moving above the ichimoku cloud, we have a bias that price will rise to our 1st resistance at 14992 in line with the 100% Fibonacci projection from our pivot at 14681 in line with the horizontal overlap support and 38.2% Fibonacci retracement.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 14443 in line with the horizontal overlap support and 23.6% Fibonacci retracement.
Fundamentals: Concerning the average Nasdaq-100 company, the profitability is quite good with an ROE of 22.2%. There is enough cash and equity to cover the short term and long term liabilities respectively.
Price indicators are high, compared to historical and other sectors standards, we are optimistic about the Nasdaq-100 at the time being.