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) Trading Strategy is to remain long above 18K level, which has been established as a strong support in the last 3 days. Today’s sell off is a buying opportunity because the Nasdaq Futures are very likely to go back to 18,500 in the next 2 days by Friday.