Tag Archives: Markets

Nasdaq Futures Analysis of 22 Years from 2000-2022

Nasdaq100 futures are currently at 11,522. The Nasdaq futures chart of last 22 years with CCI Momentum Indicator shows we’re in something similar to 2001-2002 period, with double dip below the oversold line in red color. Such a pattern took some time for proper recovery in 2001-2002, and it was also accompanied with war situation that we have today with Russia war on Ukraine (then it was 9/11 tragedy in the US followed by war in Afghanistan).

CCI Indicator is very useful in such analysis. One this is sure from our historical data analysis over the last 50 years: Momentum recovery will be visible before price recovery!
#Nasdaq100 #NQ #NDX #SPX500 #markets

Support & Resistance Levels

  • Major Nasdaq100 Resistance Level is currently at 13K, which is near the 200 day moving average. Near term resistance is also at 12K, so its also a near term target.
  • Major Nasdaq100 Support Level is currently at 10K, which is the long term trend line support. Nasdaq futures are looking safe above 10K; and a breakdown can happen below 10K level, with immediate downside target as 8K level.

Please Note: Its the Futures Traders who have to worry about sharp corrections (against their positions) and stop losses, etc. Equity Investors can keep accumulating Nasdaq100 ETF (QQQ) during all this period, with regular buying every month especially during red days and red weeks, for good gains in 2-3 years. Such periods of corrections are ideal for equity investing, and Nasdaq100 ETF (QQQ) is the top pick. Thanks.

S&P500 Futures Analysis – 03Aug2021

Hello Folks, the S&P500 futures are at 4408. Today morning, the futures dipped sharply till 4365, and then bounced back to 4400 within 2 hours, giving 25 points gain on the Bonus Trade given last evening (“Buy at 4375 for target 4400”). The study of the trading range that I shared in previous mail helped in doing this trade correctly, buying at the lower end of the trading range for reliable retest of 4400, which happened as expected.

Choice of 4360 stop worked well. Even 4365 was not broken (it escaped very narrowly), but anybody with 4370 as Stop would have lost their position just before the reversal rally to 4400 happened. I wasn’t sure if 4370 will get tested, otherwise we could have got 5 points more in this trade by buying at 4370. Now we will wait for some stability to come after today’s sharp moves.

S&P500 support levels are at 4360-4370, which was successfully tested again today. Our S&P500 futures trading strategy for this week is to stay long above 4400 for target is 4450, and its ON currently. I will share further analysis and next steps towards market close. Thanks. Best Wishes, Shankar