Nasdaq futures have been moving up in a parabolic move, which will be broken below 11,000 level, and there will be strong selling pressure below 11,000. Nasdaq futures have strong support at 10,980 and it has been tested successfully multiple times. Therefore, Traders can stay long above 11,000 for Target 11,230.
Hello Folks, here’s our #Nasdaq100 futures trading strategy in one simple chart.
Nasdaq futures have been the strongest part of the market with the best rally.
In last one week, they have moved up from a low of 9750 to a high 10,400!
Uptrend is intact above 10,300, which doesn’t leave much room for any correction.
Nasdaq futures are making new highs in each rally, which means they are a strong buy on corrections towards 10,000 level. Strong support is available at 9800-9900 level.
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