Nasdaq Futures (NQ) have successfully defended 18K level for the fourth consecutive day, and the reward is a closing above 18,500 level. The setup will become positive above 18,500 with targets of 19K and 19,400, with strong support at 18K level confirmed this week.
Nasdaq Futures (NQ) closed at 19,545 today, Wednesday, 31July 2024. As described in the above chart, Nasdaq Futures are now recovering from an oversold zone as per our favorite momentum indicator (CCI).
The Nasdaq Futures gave several buying opportunities at 19K level, and after testing the support at 19K, they raced up to 19,500 level today, and they are preparing to go up towards 20K.