There is a very high chance that Nasdaq futures can test 50-day EMA on the daily Level tomorrow since today was an inside day. It may get rejected on the 50 day EMA. If Futures can hold above 15050 level that is prior day's range high, then there is a very high probability of testing the 50EMA tomorrow.
For NASDAQ Contracts to go higher, they need to clear out the 14,950 level. If they get rejected from 14,950, then look for downside. On the other hand 14,800 is acting as a good support. wait till the Michigan consumer sentiment data release tomorrow before taking any position. do not trade for the first half hour after the open since there is a lot of data...
Nasdaq futures contracts can bounce from the hourly support from 14,650 purely on INTRADAY basis. This is only for today that is 27 September
The Nasdaq Futures just broke the 100 EMA and the Pivot level support of S1 on a daily time frame. There is a very high chance that it will touch the 200 EMA in the coming days within 1-2 weeks. Please proceed with caution on a daily basis because we can get a dead cat bounce in this scenario. We have Jerome Powell speaking this week as well. So there are high...
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...
Until we break the 0.618 level on Fib charts, it is hard to be bullish on Nasdaq futures contracts. Please refer to the charts on this article.
I have drawn the fib retracement chart from the recent high to the most recent pullback. If the Nasdaq futures contract cannot hold the 0.618 level then that opens up a lot of downside for the Nasdaq markets. And the seasonality will kick in for the September month as well. so brace for some choppy market action. CME_MINI:NQ1!
After this tremendous run on the upside, it is time for Nasdaq Futures to have a nice little pullback. I am not sure if this week's FOMC minutes would be an appropriate catalyst. My resistance on the daily level is R2 level of 15,525 and my Support is at Pivot level P0 ie the white line on the chart image. These are my weekly arena. this is a short week so expect...
The Nasdaq Futures contract shows a very high possibility of touching the level of R1 (Red Line ) and more probably the anchored VWAP level of 14859. Fed Chairman is going to speak early morning in his testimony. we may get an early Dump to this level on intraday basis and then we can reverse back. Beware of these levels. Thanks
The Nasdaq futures contracts are just near their 0.618 weekly Fibonacci level. Since this is the weekly timeframe, expect a lot of chopp in the coming months. We are very likely to fall back to 12,000 levels from here. And Given the high-interest rate environment is yet to digest the elevated rates, expect and a lot of Chop from here.