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.
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.