Tag Archives: Nasdaq100 Resistance Level

Nasdaq Futures, Nasdaq100

Nasdaq Futures Analysis- 26July2024

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Nasdaq Futures (NQ) closed at 19,174 on Friday, 26 July 2024. As described in the above chart, Nasdaq Futures are currently in the oversold zone as per our favorite momentum indicator (CCI).

This correction is not over yet, though momentum is trying to recover, which is a positive sign. We may even see 18,500 level before final recovery, and Traders have to be ready for that. The entire zone below 19K is good for buying.

Overall, once this correction is over, we are seeing Nasdaq Futures (NQ) going back to 20K level, and 20,500 is also visible. So Traders must go long once the recovery is place, which will be clear above 19,500 level.

Nasdaq Futures, Nasdaq100

Nasdaq Futures Analysis- 19Apr2024

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Nasdaq100 futures have corrected from about 1500 points in the last one week from 18,600 to 17,100 because of the fears of escalating war in the middle east. The Nasdaq futures are in oversold zone now as per the very reliable momentum indicator (CCI indicator). This is an area of rapid price correction, and we have to wait for the momentum indicator (CCI indicator) to start moving up from this oversold zone.

The Nasdaq futures have a strong support at 17,000 level and we can expect a reversal around current levels. Once the reversal starts, Nasdaq futures can recover till at least 17,800 before facing resistance, and 18,000 level will also present strong resistance.