Nasdaq Futures Analysis– 10Mar2021

Nasdaq futures (NQ) have made a strong double bottom on the momentum indicator (CCI) on the daily chart, and this makes it a very reliable setup for upmove. Therefore, we should be long on Nasdaq futures above 12,500 and more longs can be added on a closing above 10 day moving avg of 12,780. We can stay long for target 13,250 with 12,500 as the stop loss. The Nasdaq futures have a resistance at 13,300 and above 13,400 we can add fresh longs for target 13,800.

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