A clear buy signal will come for Nasdaq Futures (NQ) above 19,500. So they will try to test that level in the coming week starting Sunday night (tonight). Therefore, Nasdaq Futures (NQ) will become bullish above 19,500 for immediate target of 20K from that point.
The open of the previous week starting 31 March 2025 was 19,319, which was the first target for the recovery seen last week, and that target was successfully hit as Nasdaq Futures (NQ) made a high of 19,386 last week.
In the coming week starting Monday, 14 March 2025, the Nasdaq Futures (NQ) will aim to test 20K level, which was the high of the week starting 31 March 2025. And 20K is also a key resistance level, so traders should close their profitable long positions at/near 20K and the let the market decide the direction after that point.
The Nasdaq futures support is now strongly established at 17K level on the downside, and the weekly setup is bullish above 17K level. Thanks!
Bonus Trade:
Stay long above 18K for target 20K.
(yes, 2000 points upside visible because of the sharp sell off)
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